Common use of Partnership Expenses Clause in Contracts

Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicable. Reimbursements to the General Partner, or any of its Affiliates, by the Partnership shall be allowed only from the Partnership's Cash Expenses. The General Partner shall not be reimbursed if the General Partner is obligated to pay the same as an Operating Deficit during the Operating Deficit Guarantee Period, or by operation of law in accordance with the State limited partnership act as amended, or subject to the limitations on the reimbursement of such expenses set forth herein in which case the General Partner shall be responsible for payment of the expense. For purposes of this Section, Cash Expenses shall include fees paid by the Partnership to the General Partner or any Affiliate of the General Partner permitted by this Agreement and the actual cost of goods, materials and administrative services used for or by the Partnership, whether incurred by the General Partner, an Affiliate of the General Partner or a nonaffiliated Person in performing the foregoing functions. As used in the preceding sentence, "actual cost of goods and materials" means the cost of the goods or services must be no greater and preferably less than the cost of the same goods or services from non-Affiliated vendors, contractors, or managers in the market area, and actual cost of administrative services means the pro rata cost of personnel (as if such persons were employees of the Partnership) associated therewith, but in no event to exceed the amount which would be charged by nonaffiliated Persons for comparable goods and services.

Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicableunless otherwise provided in this Agreement. Reimbursements to the General Partner, or any of its Affiliates, by the Partnership shall be allowed only from the Partnership's Cash Expensesas provided herein. The General Partner shall not be reimbursed if the General Partner is obligated to pay the same as an Operating Deficit during the Operating Deficit Guarantee Period, or by operation of law in accordance with the State limited partnership act as amended, or in accordance with this Agreement, or subject to the limitations on the reimbursement of such expenses set forth herein in which case the General Partner shall be responsible for payment of the expense. For purposes of this Section, Cash Expenses shall include fees paid by the Partnership to the General Partner or any Affiliate of the General Partner permitted by this Agreement and the actual cost of goods, materials and administrative services used for or by the Partnership, whether incurred by the General Partner, an Affiliate of the General Partner or a nonaffiliated Person in performing the foregoing functions. As used in the preceding sentence, "actual cost of goods and materials" means the cost of the goods or services must be no greater and preferably less than the cost of the same goods or services from non-Affiliated vendors, contractors, or managers in the market area, and actual cost of administrative services means the pro rata cost of personnel (as if such persons were employees of the Partnership) associated therewith, but in no event to exceed the amount which would be charged by nonaffiliated Persons for comparable goods and services.

Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicableunless otherwise provided in this Agreement. Reimbursements to the General Partner, or any of its Affiliates, by the Partnership shall be allowed only from the Partnership's Cash Expensesas provided herein. The General Partner shall not be reimbursed if the General Partner is obligated to pay the same as an Operating Deficit during the Operating Deficit Guarantee Period, or by operation of law in accordance with the State limited partnership act as amendedAct, or in accordance with this Agreement, or subject to the limitations on the reimbursement of such expenses set forth herein in which case the General Partner shall be responsible for payment of the expense. For purposes of this Section, Cash Expenses Partnership expenses shall include fees paid by the Partnership to the General Partner or any Affiliate of the General Partner permitted by this Agreement and the actual cost of goods, materials and administrative services used for or by the Partnership, whether incurred by the General Partner, an Affiliate of the General Partner or a nonaffiliated Person in performing the foregoing functions. As used in the preceding sentence, "actual cost of goods and materials" means the cost of the goods or services must be no greater reasonable and preferably less than comparable to the cost of the same goods or services from non-Affiliated vendors, contractors, or managers in the market area, and actual cost of administrative services means the pro rata cost of personnel (as if such persons were employees of the Partnership) associated therewith, but in no event provided that such cost must be reasonable and comparable to exceed the amount which would be charged by nonaffiliated Persons for comparable goods and services.

Partnership Expenses. (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicableunless otherwise provided in this Agreement. Reimbursements to the General Partner, Partner or any of its Affiliates, by the Partnership shall be allowed only from the Partnership's Cash Expensesas provided herein. The General Partner shall not be reimbursed if the General Partner is obligated to pay the same as an Operating Deficit during the Operating Deficit Guarantee Period, or by operation of law in accordance with the State limited partnership act as amended, or in accordance with this Agreement, or subject to the limitations on the reimbursement of such expenses set forth herein in which case the General Partner shall be responsible for payment of the expense. For purposes of this Section, Cash Expenses shall include fees paid by the Partnership to the General Partner or any Affiliate of the General Partner permitted by this Agreement and the actual cost of goods, materials and administrative services used for or by the Partnership, whether incurred by the General Partner, an Affiliate of the General Partner or a nonaffiliated Person in performing the foregoing functions. As used in the preceding sentence, "actual cost of goods and materials" means the cost of the goods or services must be no greater and preferably less than the cost of the same goods or services from non-Affiliated vendors, contractors, or managers in the market area, and actual cost of administrative services means the pro rata cost of personnel (as if such persons were employees of the Partnership) associated therewith, but in no event to exceed the amount which would be charged by nonaffiliated Persons for comparable goods and services.

Partnership Expenses. (a) All of the Partnership's ’s expenses shall be billed directly to and paid by the Partnership to the extent practicableunless otherwise provided in this Agreement. Reimbursements to the a General Partner, or any of its Affiliates, by the Partnership shall be allowed only from the Partnership's Cash Expensesas provided herein. The General Partner shall not be reimbursed if the Administrative General Partner is obligated to pay the same as an Operating Deficit during the Operating Deficit Guarantee Period, or by operation of law in accordance with the State limited partnership act as amendedAct, or in accordance with this Agreement, or subject to the limitations on the reimbursement of such expenses set forth herein in which case the Administrative General Partner shall be responsible for payment of the expense. For purposes of this Section, Cash Expenses shall include fees paid by the Partnership to the a General Partner or any Affiliate of the a General Partner permitted by this Agreement and the actual cost of goods, materials and administrative services used for or by the Partnership, whether incurred by the a General Partner, an Affiliate of the a General Partner or a nonaffiliated Person in performing the foregoing functions. As used in the preceding sentence, "“actual cost of goods and materials" ” means the cost of the goods or services must be no greater and preferably less than the cost of the same goods or services from non-Affiliated vendors, contractors, or managers in the market area, and actual cost of administrative services means the pro rata cost of personnel (as if such persons were employees of the Partnership) associated therewith, but in no event to exceed the amount which would be charged by nonaffiliated Persons for comparable goods and services.