Common use of EXPENDITURES BY THE PARTNERSHIP Clause in Contracts

EXPENDITURES BY THE PARTNERSHIP. The General Partner and the Company are hereby authorized to pay compensation for accounting, administrative, legal, technical, management and other services rendered to the Partnership. All of the aforesaid expenditures (including Administrative Expenses) shall be made on behalf of the Partnership, and the General Partner or the Company shall be entitled to reimbursement by the Partnership for any expenditure (including Administrative Expenses) incurred by it on behalf of the Partnership which shall be made other than out of the funds of the Partnership. The Partnership shall also assume, and pay when due, all Administrative Expenses.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Innkeepers Usa Trust/Fl), Limited Partnership Agreement (Innkeepers Usa Trust/Fl)

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EXPENDITURES BY THE PARTNERSHIP. The General Partner and the Company are is hereby authorized to pay compensation for accounting, administrative, legal, technical, management and other services rendered to the Partnership. All of the aforesaid expenditures (including Administrative Expenses) shall be made on behalf obligations of the Partnership, and the General Partner or the Company shall be entitled to reimbursement by the Partnership for any expenditure (including Administrative Expenses) incurred by it on behalf of the Partnership which shall be made other than out of the funds of the Partnership. The Partnership shall also assume, and pay when due, all Administrative Expenses.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Golf Trust of America Inc), Limited Partnership Agreement (Golf Trust of America Inc)

EXPENDITURES BY THE PARTNERSHIP. The General Partner and the Company are is hereby authorized to pay compensation for accounting, administrative, legal, technical, management and other services rendered to the Partnership. All of the aforesaid expenditures (including Administrative Expenses) shall be made on behalf obligations of the Partnership, and the General Partner or the Company shall be entitled to reimbursement by the Partnership for any expenditure (including Administrative Expenses) incurred by it on behalf of or for the Partnership which shall be made other than out of the funds benefit of the Partnership. The Partnership shall also assume, and pay when due, all Administrative ExpensesExpenses to the extent not included in the expenses described above. This provision shall be given effect as of the date of formation of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Capital Automotive Reit)

EXPENDITURES BY THE PARTNERSHIP. The General Partner and the Company are is hereby authorized to pay compensation for accounting, administrative, legal, technical, management and other services rendered to the Partnership. All of the aforesaid expenditures (including Administrative Expenses) shall be made on behalf obligations of the Partnership, and the General Partner or the Company shall be entitled to reimbursement by the Partnership for any expenditure (including Administrative Expenses) incurred by it on behalf of the Partnership which shall be is made other than out of the funds of the Partnership. The Partnership shall also assume, and pay when due, all Administrative Expenses.

Appears in 1 contract

Samples: Limited Partnership Agreement (Timberland Growth Corp)

EXPENDITURES BY THE PARTNERSHIP. The General Partner and the Company are is hereby authorized to pay compensation for accounting, administrative, legal, technical, management and other services rendered to the Partnership. All of the aforesaid expenditures (including Administrative Expenses) shall be made on behalf obligations of the Partnership, and the General Partner or the Company shall be entitled to reimbursement by the Partnership for any expenditure (including Administrative Expenses) incurred by it on behalf of the Partnership which shall be made other than out of the funds of the Partnership. The Partnership shall also assume, and pay when due, all Administrative Expenses. This provision shall be given effect as of the date of formation of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Capital Automotive Reit)

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EXPENDITURES BY THE PARTNERSHIP. The General Partner and the Company are is hereby authorized to pay compensation for accounting, administrative, legal, technical, management and other services rendered to the Partnership. All of the aforesaid expenditures (including Administrative Expenses) shall be made on behalf of the Partnership, and the General Partner or the Company shall be entitled to reimbursement by the Partnership for any expenditure (including Administrative Expenses) incurred by it on behalf of the Partnership which shall be made other than out of the funds of the Partnership. The Partnership shall also assume, and pay when due, all Administrative Expenses.

Appears in 1 contract

Samples: Limited Partnership Agreement (RFS Hotel Investors Inc)

EXPENDITURES BY THE PARTNERSHIP. The General Partner and the Company are is hereby authorized to pay compensation for accounting, administrative, legal, technical, management and other services rendered to the Partnership. All of the aforesaid expenditures (including REIT Expenses and Administrative Expenses) shall be made on behalf of the Partnership, and the General Partner or the Company shall be entitled to reimbursement by the Partnership for any expenditure (including REIT Expenses and Administrative Expenses) incurred by it on behalf of the Partnership which shall be made other than out of the funds of the Partnership. The Partnership shall also assume, and pay when due, all Administrative Expenses.

Appears in 1 contract

Samples: Limited Partnership Agreement (RFS Hotel Investors Inc)

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