Expenses of the Investment Manager. Subject to Section 3 and Section 4 herein, the Investment Manager will render the services set forth in Section 2 of this Agreement at its own expense, including without limitation, the salaries of employees necessary for such services, the rent and utilities for the facilities provided, and other advisory and operating expenses, except as assumed by the Master Fund under this Agreement or the Master Partnership Agreement or provided for pursuant to the permitted use of soft dollar arrangements. The Investment Manager may pay certain expenses of the Master Fund in its sole discretion.
Appears in 7 contracts
Samples: Investment Management Agreement (Hatteras Multi-Strategy TEI Institutional Fund, L.P.), Investment Management Agreement (Hatteras Multi-Strategy Fund, L.P.), Investment Management Agreement (Hatteras Multi-Strategy TEI Fund, L.P.)
