Common use of Partnership Obligations Clause in Contracts

Partnership Obligations. Subject to Paragraphs 10.1 and 10.2 preceding, the Partnership shall pay all expenses (which expenses shall be billed directly to the Partnership) of the Partnership which may include, but are not limited to: 10.3.1 all costs of personnel employed by the Partnership and involved in the business of the Partnership, including persons who may also be employees of the Managing General Partner; 10.3.2 all costs of borrowed money. taxes and assessments on Partnership Properties and other taxes applicable to the Partnership; 10.3.3 legal, audit, accounting, brokerage and other fees; 10.3.4 printing, engraving and other expenses and taxes incurred in connection with the issuance, distribution, transfer, registration and recording of documents evidencing ownership of an interest in the Partnership or in connection with the business of the Partnership; 10.3.5 fees and expenses paid to independent contractors, appraisers, mortgage bankers, brokers and servicers, leasing agents, consultants, on-site managers, real estate brokers, insurance brokers and other agents; 10.3.6 expenses in connection with the disposition, replacement, alteration, repair, remodeling, refurbishment, leasing, refinancing and operation of Partnership Properties (including the costs and expenses of foreclosures, insurance premiums, real estate brokerage and leasing commissions and of maintenance of such Property); 10.3.7 the cost of insurance as required in connection with the business of the Partnership; 10.3.8 expenses of organizing, revising, amending, converting, modifying or terminating the Partnership; 10.3.9 the cost of preparation and dissemination of the informational material and documentation relating to potential Sales or Dispositions of Partnership Property; 10.3.10 the cost incurred in connection with any litigation in which the Partnership is involved, as well as in the examination, investigation or other proceedings conducted by any regulatory agency of the Partnership, including legal and accounting fees incurred in connection therewith; 10.3.11 the cost of any computer equipment or services used for or by the Partnership; 10.3.12 the cost of any accounting, statistical or bookkeeping equipment necessary for the maintenance of the books and records of the Partnership and 10.3.13 supervision and expenses of professionals retained by the Partnership in connection with any of the foregoing, including, without limitation, attorneys, accountants and appraisers.

Partnership Obligations. Subject to Paragraphs Sections 10.1 and 10.2 preceding10.2, the Partnership shall pay all expenses of the Partnership (which expenses shall be billed directly to the Partnership) of the Partnership which may include, but are not limited to: 10.3.1 all costs of personnel employed by the Partnership Partnership, the General Partners or their Affiliates and involved in the business of the Partnership, including persons who may also be employees of the Managing General Partner; 10.3.2 all costs of borrowed money. , taxes and assessments on Partnership Properties and other taxes applicable to the Partnership; 10.3.3 legal, audit, accounting, brokerage and other fees; 10.3.4 printing, engraving and other expenses and taxes incurred in connection with the issuance, distributiondistributions, transfer, registration and recording of documents evidencing ownership of an interest in the Partnership or in connection with the business of the Partnership; 10.3.5 fees and expenses paid to independent contractors, appraisers, mortgage bankers, brokers and servicers, leasing agents, consultants, on-site managers, real estate brokers, insurance brokers and other agentsagents (provided, however, that this subsection shall not be interpreted to permit the Partnership to pay underwriting or sales commissions with respect to sale of the Units); 10.3.6 expenses in connection with the disposition, replacement, alteration, repair, remodeling, refurbishment, leasing, refinancing and operation of Partnership Properties (Properties, including the costs and expenses of foreclosures, insurance premiums, real estate brokerage and brokerage, leasing commissions and of maintenance of any such Property)property, and any tax or assessment thereon; 10.3.7 the cost of insurance as required in connection with the business of the Partnership; 10.3.8 expenses of organizing, revising, amending, converting, modifying or terminating the Partnership; 10.3.9 the cost of preparation and dissemination of the informational material information and documentation relating to potential Sales or Dispositions of Partnership PropertyProperties; 10.3.10 expenses in connection with Distributions made by the Partnership to, and communications and bookkeeping and clerical work necessary in maintaining relations with, Limited Partners and obtained from outside parties, including reports of meetings of the Partnership, and of preparation of proxy statements and solicitations of proxies in connection therewith; 10.3.11 expenses in connection with preparing and mailing reports required to be furnished to Limited Partners for investor, tax reporting, federal securities law or other purposes, of which reports the Administrative General Partner deems the furnishing thereof to Limited Partners to be in the best interests of the Partnership; 10.3.12 the cost incurred in connection with any litigation in which the Partnership is involved, as well as in the examination, investigation or other proceedings conducted by any regulatory agency of the Partnership, including legal and accounting fees incurred in connection therewith; 10.3.11 10.3.13 computer services including the cost of any computer equipment or services used for or by the Partnership, including establishment and maintenance of investment records and processing of accounting records related to the Partnership; 10.3.12 10.3.14 the cost of any accounting, statistical or bookkeeping equipment necessary for the maintenance of the books and records of the Partnership Partnership; and 10.3.13 10.3.15 supervision and expenses of professionals retained by the Partnership in connection with any of the foregoing, including, without limitation, attorneys, accountants and appraisers.

Partnership Obligations. Subject to Paragraphs Sections 10.1 and 10.2 preceding10.2, the Partnership shall pay all expenses of the Partnership (which expenses shall be billed directly to the Partnership) of the Partnership which may include, but are not limited to: 10.3.1 all costs of personnel employed by the Partnership Partnership, the General Partners or their Affiliates and involved in the business of the Partnership, including persons who may also be employees of the Managing General Partner; 10.3.2 all costs of borrowed money. , taxes and assessments on Partnership Properties and other taxes applicable to the Partnership; 10.3.3 legal, audit, accounting, brokerage and other fees; 10.3.4 printing, engraving and other expenses and taxes incurred in connection with the issuance, distribution, transfer, registration and recording of documents evidencing ownership of an interest in the Partnership or in connection with the business of the Partnership; 10.3.5 fees and expenses paid to independent contractors, appraisers, mortgage bankers, brokers and servicers, leasing agents, consultants, on-site managers, real estate brokers, insurance brokers and other agentsagents (provided, however, that this subsection shall not be interpreted to permit the Partnership to pay underwriting or sales commissions with respect to sale of the Units); 10.3.6 expenses in connection with the disposition, replacement, alteration, repair, remodeling, refurbishment, leasing, refinancing and operation of Partnership Properties (Properties, including the costs and expenses of foreclosures, insurance premiums, real estate brokerage and brokerage, leasing commissions and of maintenance of any such Property)property, and any tax or assessment thereon; 10.3.7 the cost of insurance as required in connection with the business of the Partnership; 10.3.8 expenses of organizing, revising, amending, converting, modifying or terminating the Partnership; 10.3.9 the cost of preparation and dissemination of the informational material information and documentation relating to potential Sales or Dispositions of Partnership PropertyProperties; 10.3.10 expenses in connection with Distributions made by the Partnership to, and communications and bookkeeping and clerical work necessary in maintaining relations with, Limited Partners and obtained from outside parties, including reports of meetings of the Partnership, and of preparation of proxy statements and solicitations of proxies in connection therewith; 10.3.11 expenses in connection with preparing and mailing reports required to be furnished to Limited Partners for investor, tax reporting, federal securities law or other purposes, or which reports the Managing General Partner deems the furnishing thereof to Limited Partners to be in the best interests of the Partnership; 10.3.12 the cost incurred in connection with any litigation in which the Partnership is involved, as well as in the examination, investigation or other proceedings conducted by any regulatory agency of the Partnership, including legal and accounting fees incurred in connection therewith; 10.3.11 10.3.13 computer services including the cost of any computer equipment or services used for or by the Partnership, including establishment and maintenance of investment records and processing of accounting records related to the Partnership; 10.3.12 10.3.14 the cost of any and accounting, statistical or bookkeeping equipment necessary for the maintenance of the books and records of the Partnership Partnership; and 10.3.13 10.3.15 supervision and expenses of professionals retained by the Partnership in connection with any of the foregoing, including, without limitation, attorneys, accountants and appraisers.

Partnership Obligations. Subject to Paragraphs 10.1 and 10.2 preceding, the The Partnership shall pay all expenses (of the Partnership, which expenses shall be billed directly to the Partnership) , to the extent deemed advisable by the General Partners in the exercise of their fiduciary duty to the Partnership Partnership, and which may include, but are not limited to: 10.3.1 all costs of personnel employed by the Partnership and involved in the business of the Partnership, including persons who may also be employees of the Managing General Partner; 10.3.2 all costs of borrowed money. , taxes and assessments on Partnership Properties and other taxes applicable to the Partnership; 10.3.3 legal, auditauditing, accounting, brokerage and other fees; 10.3.4 printing, engraving and other expenses and taxes incurred in connection with the issuance, distribution, transfer, registration and recording of documents evidencing ownership of an interest in the Partnership or in connection with the business of the Partnership; 10.3.5 fees and expenses paid to independent contractors, appraisers, mortgage bankers, brokers and servicers, leasing agents, consultants, on-site managers, real estate brokers, insurance brokers and other agents; 10.3.6 expenses in connection with the acquisition, disposition, replacement, alteration, repair, remodeling, refurbishment, leasing, initial financing, refinancing and operation of Partnership Properties (including the costs and expenses of foreclosures, insurance premiums, real estate brokerage and leasing commissions and of maintenance of such PropertyProperties), including Acquisition Expenses; 10.3.7 the cost of insurance as required in connection with the business of the Partnership; 10.3.8 expenses of organizing, revising, amending, converting, modifying or terminating the Partnership; 10.3.9 the cost costs of preparation and dissemination of the informational material and documentation relating to potential Sales or Dispositions of Partnership Property; 10.3.10 the cost costs incurred in connection with any litigation in which the Partnership is involved, as well as in the examination, investigation or other proceedings conducted by any regulatory agency of the Partnership, including legal and accounting fees incurred in connection therewith; 10.3.11 computer services, including the cost of any computer equipment or services used for or by the Partnership and establishment and maintenance of investment records and processing of accounting records related to the Partnership; 10.3.12 the cost of any accounting, statistical or bookkeeping equipment necessary for the maintenance of the books and records of the Partnership Partnership; and 10.3.13 supervision and expenses of professionals retained by the Partnership in connection with any of the foregoing, including, without limitation, attorneys, accountants and appraisers. To the extent that the General Partners and their Affiliates pay any expenses of the Partnership directly, the General Partners and their Affiliates may be reimbursed by the Partnership for such expenses.