Common use of Contract with Affiliates Clause in Contracts

Contract with Affiliates. The General Partner may contract on behalf of the Partnership with Affiliates of the General Partner or the Partnership to provide services or materials for the Partnership, such as management, maintenance, executive, accounting, brokerage, or legal services; provided, however, the fees to be paid therefor and the terms and conditions thereof will not be less favorable to the Partnership than those which could be reasonably obtained by the Partnership from equally qualified but unaffiliated persons; provided, further, however, such contracts must satisfy the requirements of Rules 260.140.125, 260.140.125.1, 260.140.126, 260.140.127.1 and 260.140.127.2 of the Department of Corporations of the State of California.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co)

AutoNDA by SimpleDocs

Contract with Affiliates. The General Partner may contract on behalf of the Partnership with Affiliates of the General Partner or the Partnership Partnership, to provide services or materials for the Partnership, such as management, maintenance, executive, accounting, collection, servicing, aging, brokerage, or legal other services; provided, however, the fees to be paid therefor and the terms and conditions thereof will not be less favorable to the Partnership than those which could be reasonably obtained by the Partnership from equally qualified but unaffiliated persons; provided, further, however, such contracts must satisfy the requirements of Rules 260.140.125, 260.140.125.1, 260.140.126, 260.140.127.1 and 260.140.127.2 of the Department Commissioner of Corporations of the State of California.

Appears in 1 contract

Samples: Limited Partnership Agreement (Performance Asset Management Co)

AutoNDA by SimpleDocs

Contract with Affiliates. The General Partner may contract on behalf of the Partnership with Affiliates of other parties affiliated with the General Partner or with the Partnership to provide services or materials for the Partnership, such as management, maintenance, executive, accounting, brokerage, or legal services; provided, however, the fees to be paid therefor and the terms and conditions thereof will are not be less favorable to the Partnership than those which could be reasonably obtained by the Partnership from equally qualified but unaffiliated personsthird parties; providedproviding, further, however, such contracts must satisfy the requirements of Rules 260.140.125, 260.140.125.1, 260.140.126, 260.140.127.1 and 260.140.127.2 of the Department of Corporations of the State of California.

Appears in 1 contract

Samples: Limited Partnership Agreement (Performance Asset Management Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!