Common use of Partnership Expenses Clause in Contracts

Partnership Expenses. The Partnership shall reimburse the General Partner for all ordinary and reasonably necessary out-of-pocket expenses incurred by the General Partner on behalf of the Partnership.

Partnership Expenses. The Partnership shall reimburse the General Partner for all ordinary and reasonably necessary direct (out-of-pocket of- pocket) costs and expenses reasonably incurred by him to third parties in furtherance of the General Partner on behalf business and affairs of the Partnership.