Fees to Managing General Partner. In consideration for performing services described herein, the Managing General Partner may be paid a fee to be agreed upon by a Majority in Interest. Such fees shall be deemed earned when the services have been performed and, regardless of when paid, shall be non-executory from the date earned and shall be the obligation of the Partnership from and after that date.
Appears in 8 contracts
Samples: Limited Partnership Agreement (Paxson Communications Corp), Limited Partnership Agreement (Paxson Communications Corp), Limited Partnership Agreement (Paxson Communications Corp)
Fees to Managing General Partner. In consideration for performing services described herein, the Managing General Partner may be paid a fee as agreed to be agreed upon by a Majority in Interest. Such fees shall be deemed earned when the services have been performed and, regardless of when paid, shall be non-executory from the date earned and shall be the obligation of the Partnership from and after that date.
Appears in 5 contracts
Samples: Limited Partnership Agreement (McGillicuddy Dennis J), Limited Partnership Agreement (Silverstein Barry), Limited Partnership Agreement (Crippen Roy E Iii)
