Common use of Expenses of the Partnership Clause in Contracts

Expenses of the Partnership. The Partnership will reimburse the Partnership GP for all direct costs and expenses incurred on the Partnership’s behalf by the Partnership GP in the performance of its duties hereunder (which costs and expenses shall be the Partnership’s responsibility). For greater certainty, such costs and expenses for which the Partnership GP is to be reimbursed include, without limitation, the Partnership’s direct general and administrative expenses, including legal and audit fees, stock exchange listings fees, fees of the Transfer Agent, Limited Partner information costs, consulting and advisory fees incurred in connection with the Partnership’s business or the evaluation of investment opportunities by the Partnership and expenses associated with the issuance of Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

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Expenses of the Partnership. The Partnership will reimburse the Partnership GP for all direct costs and expenses incurred on the Partnership’s behalf by the Partnership GP in the performance of its duties hereunder (which costs and expenses shall be the Partnership’s responsibility). For greater certainty, such costs and expenses for which the Partnership GP is to be reimbursed include, without limitation, the Partnership’s direct general and administrative expenses, including legal and audit fees, stock exchange listings fees, fees of the Transfer Agent, Limited Partner information costs, consulting and advisory fees incurred in connection with the Partnership’s business or the evaluation of investment opportunities by the Partnership and expenses associated with the issuance of Units.

Appears in 2 contracts

Samples: Amended and Restated Limited Partnership Agreement, Limited Partnership Agreement

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