Common use of Reimbursement of Certain Costs and Expenses of the General Partners and Affiliates Clause in Contracts

Reimbursement of Certain Costs and Expenses of the General Partners and Affiliates. A. Subject to the provisions of Article V hereof, the Partnership shall be permitted to reimburse the General Partners for the actual cost to the General Partners or any of their Affiliates of the Partnership's operating expenses. In determining the actual cost to a General Partner or an Affiliate of a General Partner of goods and materials and administrative services, actual cost means the actual cost to a General Partner or an Affiliate of a General Partner of goods and materials used for or by the Partnership and obtained from entities not affiliated with a General Partner, and actual cost of administrative services means the pro rata cost of personnel as if such persons were employees of the Partnership. The cost for administrative services to be reimbursed to a General Partner or an Affiliate shall be at the lower of the General Partner's or Affiliate's actual cost or the amount the Partnership would be required to pay to independent parties for comparable administrative services in the same geographic location. The General Partners shall use their best efforts to cause all of the Partnership's expenses to be billed directly to and paid by the Partnership to the extent practicable.

Reimbursement of Certain Costs and Expenses of the General Partners and Affiliates. A. Subject to the provisions of Article V hereof, the Partnership Fund shall be permitted to reimburse the General Partners for the actual cost to the General Partners or any of their Affiliates of the PartnershipFund's operating expenses. In determining the actual cost to a General Partner or an Affiliate of a General Partner of goods and materials and administrative services, actual cost means the actual cost to a General Partner or an Affiliate of a General Partner of goods and materials used for or by the Partnership Fund and obtained from entities not affiliated with a General Partner, and actual cost of administrative services means the pro rata cost of personnel as if such persons were employees of the PartnershipFund. The cost for administrative services to be reimbursed to a General Partner or an Affiliate shall be at the lower of the General Partner's or Affiliate's actual cost or the amount the Partnership Fund would be required to pay to independent parties for comparable administrative services in the same geographic location. The General Partners shall use their best efforts to cause all of the PartnershipFund's expenses to be billed directly to and paid by the Partnership Fund to the extent practicable.