Expenses of the Partnership. The Partnership shall pay, and the General Partner shall not be obligated to pay, all expenses incurred by or on behalf of the Partnership. The General Partner may, in its discretion, advance funds to the Partnership for the payment of these expenses and shall be entitled to the reimbursement of any funds so advanced.
Appears in 6 contracts
Samples: Limited Partnership Agreement (America First Tax Exempt Investors Lp), Limited Partnership Agreement (America First Tax Exempt Investors Lp), Limited Partnership Agreement (America First Tax Exempt Investors Lp)
Expenses of the Partnership. The Partnership shall pay, and the General Partner shall not be obligated to pay, all expenses incurred by or on behalf of the Partnership, including without limitation the general and administrative expenses incurred by the General Partner on behalf of the Partnership. The General Partner may, in its discretion, advance funds to the Partnership for the payment of these expenses and shall be entitled to the reimbursement of any funds so advanced.
Appears in 3 contracts
Samples: Agreement of Limited Partnership, Agreement of Limited Partnership (Shea Homes Limited Partnership), Agreement of Limited Partnership (Vistancia Marketing, LLC)
Expenses of the Partnership. The Partnership shall pay, and the General Partner Partners shall not be obligated to pay, all expenses incurred by or on behalf of the Partnership. The General Partner Partners may, in its their discretion, advance funds to the Partnership for the payment of these expenses and shall be entitled to the reimbursement of any funds so advanced. The General Partners may receive reasonable compensation for services hereunder in addition to any pro rata distribution attributable to their equity interest in the Partnership.
Appears in 1 contract
Samples: Limited Liability Limited Partnership Agreement (Cintas Corp)
