Common use of Reimbursement of the General Partner Clause in Contracts

Reimbursement of the General Partner. The Partnership shall reimburse the General Partner and its Affiliates for any Operating Expenses which were advanced or otherwise incurred by the General Partner or its Affiliates on behalf of the Partnership which are necessary to the prudent operation of the Partnership. The reimbursement of those Operating Expenses shall comply with the provisions of Rule 260.140.114.5(a) of the Rules of the Department of Corporations of the State of California. 7.3

Appears in 4 contracts

Samples: Performance Asset Management Co, Performance Asset Management Co, Performance Asset Management Co

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