Common use of General Partner Expenses Clause in Contracts

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.

Appears in 10 contracts

Samples: cdn.cocodoc.com, Partnership Agreement, Partnership Agreement

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