General Partner’s Fees Sample Clauses

General Partner’s Fees. Upon the removal of the General Partner pursuant to Section 9.2 or its withdrawal with the approval of a Majority Vote, the Partnership shall redeem the General Partner’s Class B Unit for $100, and such General Partner shall be paid all of its earned but unpaid fees and other compensation remaining to be paid under this Agreement. The Partnership shall pay these amounts to the General Partner in cash within sixty (60) days of the removal or withdrawal of the General Partner. If the General Partner and the Partnership cannot agree upon the accrued but unpaid fees within thirty (30) days, the amount shall be determined by arbitration as described in Section 18.12.

General Partner’s Fees. The General Partner shall be entitled to receive 5% of the excess of cash and the fair market value of other consideration received by the Partnership (other than payments received by the Partnership from the Partners or the proceeds of Partnership borrowings) during each fiscal year over cash disbursements (other than distributions made to the Limited Partners hereunder or amounts used to repay the General Partner's overhead expenses, such as office expenses). This 5% is payable with respect to all sums received from any source (including such sums received at or after dissolution of the partnership). It shall also be payable with respect to non-cash property received that is distributed in kind. In addition, the General Partner shall be reimbursed for all expenses and disbursements actually incurred in connection with the operations and business of the Partnership.

General Partner’s Fees. (a) The Partnership shall pay annually to the General Partner, as compensation for its services in the management and administration of the Partnership, a fee (the "Management Fee") until such time as the General Partner ceases to be a general partner of the Partnership or the Partnership is dissolved; provided, however, that so long as the General Partner does not withdraw from the Partnership or otherwise cease to fulfill its duties under this Agreement, the annual Management Fee may be increased or decreased by Majority Vote of the Limited Partners but shall not be less than $1,000 per month plus reimbursement of expenses incurred in connection with rendering services to the Partnership. (b) The Management Fee shall be payable by the Partnership within thirty (30) days after demand therefor by the General Partner, which demand shall be submitted by the General Partner to the Partnership and each Partner annually within sixty (60) days following December 1 of each year during the Term of the Partnership.