Common use of General Partner Expenses Clause in Contracts

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 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 in 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 shared 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 General Partner shall be responsible for all normal expenses incurred in fulfilling its obligations with respect operating expenses, costs and disbursements except to the administration of the Partnershipextent these constitute Partnership Expenses. Expenses, such as the The costs of litigation on behalf of the Partnership and tax audits, that are not incurred expenses to be borne 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 shall include overhead expenses are due to the willful or negligent act or omission of the General Partner or anyone acting on including any direct remuneration and expenses paid to its behalfofficers and employees, rent, utility costs, office equipment, communication costs and administrative expenses.

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 in 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.