General Partner Compensation. The General Partner shall not be compensated, as such, for its services as the general partner. However, the General Partner shall be reimbursed by the Company for all commercially reasonable out of pocket expenses paid or incurred by it in the performance of its duties under this Agreement to the extent provided in the Annual Budget.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Strategic Hotel Capital Inc)
General Partner Compensation. The General Partner shall not be compensated, as such, for its services as the general partnerGeneral Partner. However, the General Partner shall be reimbursed by the Company Partnership for all commercially reasonable out of out-of-pocket expenses paid or incurred by it in the performance of its duties under this Agreement to the extent provided in the Annual BudgetAgreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement (CNL Income Mesa Del Sol, LLC), Limited Liability Limited Partnership Agreement (CNL Income Properties Inc)
General Partner Compensation. The General Partner shall not be compensated, as such, for its services as the general partner. However, the General Partner shall be reimbursed by the Company for all commercially reasonable out of pocket expenses paid or incurred by it in the performance of its duties under this Agreement to the extent provided in the Annual BudgetAgreement.
Appears in 2 contracts
Samples: Partnership Agreement, Limited Liability Limited Partnership Agreement (Strategic Hotel Capital Inc)
