General Partner Expenses. The General Partner or Affiliates of the General Partner shall pay all Partnership expenses which are not permitted to be reimbursed pursuant to Section 9.9 and all expenses which are unrelated to the business of the Partnership.
General Partner Expenses. To the extent, if any, that General Partner Expenses and any items of loss, expense or deduction resulting therefrom are deemed to constitute items of Partnership loss or deduction rather than items of loss, or deduction of the General Partner, such General Partner Expenses and other items of loss, expense or deduction shall be allocated 100% to the General Partner and the General Partner’s Capital Account shall be credited with the same amount.
General Partner Expenses. Neither the Partnership nor any Limited Partner shall bear or be charged with any of the following costs and expenses of the Partnership’s activities: (i) any costs and expenses of providing to the Partnership the office space, facilities, supplies and necessary ongoing overhead support services for the Partnership’s operations (including systems and technology), (ii) the compensation of the personnel of the General Partner and its Affiliates, (iii) any fees, costs or expenses of (A) any third party engaged to monitor, or provide investment advice with respect to, the Partnership’s Investments and (B) any Person to which the General Partner delegates any of its rights, powers, functions or obligations pursuant to the final sentence of Section 4.2(a), (iv) all legal, accounting, filing or other expenses incurred by the General Partner and its Affiliates in connection with organizing and establishing the Partnership and (v) any expenses incurred in connection with the organization of the Private Vehicles and the Feeder Vehicles and the offering of interests therein (collectively, “General Partner Expenses”); provided that to the extent that any of the General Partner or its Affiliates pays any Partnership Expenses, the Partnership may reimburse such Person upon the direction of the General Partner; and provided, further, that the General Partner Expenses may be borne by the General Partner, its Affiliates (other than the Partnership) and any one or more of the Private Vehicles or Feeder Vehicles as may be determined by the General Partner.
General Partner Expenses. Subject to Section 6.4(c), the General Partner shall be responsible for all the overhead expenses of performing the duties as described in Section 6.3(a), including without limitation, compensation for its employees, rent, utilities and other general internal expenses. The costs of forming the Partnership were funded in accordance with the A&R Partnership Agreement.
General Partner Expenses. The General Partner agrees to assume and pay, or to cause one or more of its Affiliates to assume and pay, all normal operating expenses attributable to the Fund’s investment activities (the “General Partner Expenses”) on the terms and conditions set forth in this Section 2.6. Such normal operating expenses include the following:
2.6.1 all routine, recurring expenses incident to the activities of the General Partner or the Fund Manager on behalf of the Fund, including industry conferences, cost of research and information services, computer software and subscriptions, travel, meals, lodging/accommodations, entertainment, and investment consultants (other than consultants providing specialized services not ordinarily provided by the General Partner or Fund Manager), as well as placement agent fees and expenses9;
2.6.2 compensation and benefits of the officers and employees of the General Partner, the Fund Manager and their respective Affiliates, including all internal investment personnel, legal counsel and accounting and finance professionals employed by the General Partner, the General Partner, the Fund Manager or their Affiliates;
2.6.3 clerical, legal, accounting and support services, in each case, performed by employees of the General Partner, the Fund Manager and or their Affiliates;
2.6.4 any and all expenses incurred in maintaining the General Partner’s or the Fund Manager’s registration as an investment adviser under the Advisers Act, and any compliance requirements related thereto (including costs and expenses related to preparation and filing of Form ADV and Form PF), and any registration with any regulatory authority or self-regulatory organization over time or otherwise related to such registration; and any taxes imposed by reason of the Management Fee paid to the Fund Manager;
2.6.5 fees and expenses of the Fund’s and General Partner’s registered agent in the [State of Delaware] and for maintaining the Fund’s and General Partner’s registered office in the [State of Delaware];
2.6.6 costs and expenses of entertainment, including speaker fees, incurred in connection with conferences or meetings;
2.6.7 office space, furniture, computers, telephones, facilities, utilities, and communications, including the cost of maintaining any web portal of the General Partner, Fund Manager or Fund, and
2.6.8 all costs of remedying an Exculpation Exclusion Event, Indemnification Exclusion Event or Removal Conduct, all costs of enforcing any undertaking of the p...
General Partner Expenses. The General Partner shall be responsible for all normal expenses incurred in fulfilling its obligations with respect to the administration of the Partnership. Expenses, such as the costs of litigation on behalf of the Partnership and tax audits, that are not incurred by a general partner in the normal course of carrying out such responsibilities shall be reimbursed to the General Partner by the other Partners in proportion to their Percentage Interests in the Partnership, except insofar as such expenses are due to the willful or negligent act or omission of the General Partner or anyone acting on its behalf.
General Partner Expenses. The Partnership shall not have any salaried personnel. The General Partner and its Affiliates, but not the Partnership or any Limited Partner, shall bear and be charged with the following costs and expenses of the Partnership’s activities:
(a) any costs and expenses of providing to the Partnership the office space, facilities, supplies, and necessary ongoing overhead support services for the Partnership’s operations and (b) the compensation of the personnel of the General Partner and its Affiliates. (The expenses that the General Partner is obligated to pay under this Section 6.1 shall be collectively referred to as the “General Partner Expenses”).
General Partner Expenses. All routine overhead expenses of the General Partner, including but not limited to compensation for professional staff, office space and utilities, will be borne by the General Partner.
General Partner Expenses. The General Partner shall be reimbursed on a quarterly basis, or on a more frequent basis as the General Partner may reasonably determine, for all expenses it incurs relating to the ownership and operation of, or for the benefit of, the Partnership (including expenses related to the operations of the General Partner, the status of the General Partner as a public company, and the management and administration of any Subsidiaries of the General Partner or the Partnership, such as auditing expenses and filing fees).
General Partner Expenses. The Partnership shall not have any salaried personnel. The General Partner, the Investment Manager and their Affiliates shall bear and be charged with the compensation of the General Partner’s and the Investment Manager’s investment professionals for providing investment advisory services to the Partnership (collectively, the “General Partner Expenses”).
