Reimbursement for Operational Expenses. In addition to amounts otherwise distributed or paid to the General Partner pursuant to this Agreement, the General Partner shall be reimbursed at any reasonable times and from time to time for all costs and expenses that the General Partner and its Affiliates incur on behalf of, or in the management and operation of the business of, the Partnership, including, but not limited to, that portion of the General Partner’s and its Affiliates’ legal and accounting costs and expenses, telephone, secretarial, travel, and entertainment expenses, office rent and other office expenses, salaries and other compensation expenses of directors, officers, employees, agents, and representatives, and other general, administrative, and additional expenses that are necessary or appropriate to the conduct of the Partnership’s business and allocable to the Partnership. The General Partner shall determine the expenses that are allocable to the Partnership in a manner that is fair and reasonable. Such reimbursements shall be in addition to any reimbursement to the General Partner as a result of the indemnification provided under Section 6.1(h) of this Agreement. At the discretion of the General Partner; Partnership expenses may be billed directly to and paid by the Partnership.
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Samples: Limited Partnership Agreement (Safeway Stores 42, Inc.), Limited Partnership Agreement (Safeway Stores 42, Inc.)
Reimbursement for Operational Expenses. In addition to amounts otherwise distributed or paid to the General Partner pursuant to this Agreement, the General Partner shall be reimbursed at any reasonable times and from time to time for all costs and expenses that the General Partner and its Affiliates incur on behalf of, or in the management and operation of the business of, the Partnership, including, but not limited to, that portion of the General Partner’s and its Affiliates’ legal and accounting costs and expenses, telephone, secretarial, travel, and entertainment expenses, office rent and other office expenses, salaries and other compensation expenses of directors, officers, employees, agents, and representatives, and other general, administrative, and additional expenses that are necessary or appropriate to the conduct of the Partnership’s business and allocable to the Partnership. The General Partner shall determine the expenses that are allocable to the Partnership in a manner that is fair and reasonable. Such reimbursements shall be in addition to any reimbursement to the General Partner as a result of the indemnification provided under Section 6.1(h) of this Agreement6.1(i). At the discretion of the General Partner; , Partnership expenses may be billed directly to and paid by the Partnership.
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Samples: Limited Partnership Agreement (Young Touchstone Co)
Reimbursement for Operational Expenses. In addition to amounts otherwise distributed or paid to the General Partner pursuant to this Agreement, the General Partner or its Affiliate shall be reimbursed at any reasonable times and from time to time for all costs and expenses that the General Partner and its Affiliates incur on behalf of, or in the management and operation of the business of, the Partnership, including, but not limited to, that portion of the General Partner’s and its Affiliates’ legal and accounting costs and expenses, telephone, secretarial, travel, and entertainment expenses, office rent and other office expenses, salaries and other compensation expenses of directors, officers, employees, agents, and representatives, and other general, administrative, and additional expenses that are necessary or appropriate to the conduct of the Partnership’s business and allocable to the Partnership. The General Partner shall determine the expenses that are allocable to the Partnership in a manner that is fair and reasonable. Such reimbursements shall be in addition to any reimbursement to the General Partner as a result of the indemnification provided under Section 6.1(h) of this Agreement). At the discretion of the General Partner; , Partnership expenses may be billed directly to and paid by the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement
Reimbursement for Operational Expenses. In addition to amounts otherwise distributed or paid to the General Partner pursuant to under other Sections of this Agreement, the Managing General Partner shall be reimbursed at any reasonable times and from time to time for all costs and expenses that the Managing General Partner and its their respective Affiliates incur on behalf of, or in the management and operation of the business of, the Partnershippartnership, including, but not limited to, that portion of the Managing General Partner’s and its their respective Affiliates’ legal and accounting costs and expenses, telephone, secretarial, travel, and entertainment expenses, brokerage and professional consultant costs, office rent and other office expenses, salaries and other compensation expenses of directors, officers, employees, agents, and representatives, and other general, administrative, and additional expenses that are necessary or appropriate to the conduct of the Partnershippartnership’s business and allocable to the Partnershippartnership. The Managing General Partner shall determine the expenses that are allocable to the Partnership partnership in a manner that is fair and reasonable. Such reimbursements shall be in addition to any reimbursement to the Managing General Partner or their Affiliates as a result of the indemnification provided under Section 6.1(h) 4.7 of this Agreement. At the discretion of the General Partner; Partnership expenses may be billed directly to and paid by the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Energius Management LLC)