Common use of Sources of Funds for Funding by the Partners of Partnership Expenses Clause in Contracts

Sources of Funds for Funding by the Partners of Partnership Expenses. The Partners acknowledge that Partnership Expenses shall be funded by or for the account of the Partners, to the extent provided in Section 4.03, through any one or more of the following sources of funds of the Partnership, determined by the General Partner in its discretion: (i) Capital Contributions by the Partners in accordance with Article 5; (ii) the withholding, pursuant to Section 6.05(c), of amounts (whether realized through the sale of Partnership assets or otherwise) distributable to the Partners; (iii) reserves set aside pursuant to Section 6.05(e); and (iv) amount borrowed by the General Partner for the benefit of the Partners pursuant to a Credit Facility in accordance with Section 2.13.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Host Hotels & Resorts, Inc.), Limited Partnership Agreement (Host Hotels & Resorts L.P.), Limited Partnership Agreement (Host Hotels & Resorts, Inc.)

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Sources of Funds for Funding by the Partners of Partnership Expenses. The Partners acknowledge that Partnership Expenses shall be funded by or for the account of the Partners, to the extent provided in Section 4.03, through any one or more of the following sources of funds of the Partnership, determined by the General Partner in its discretion: (i) Capital Contributions by the Partners in accordance with Article 5; (ii) the withholding, pursuant to Section 6.05(c), of amounts (whether realized through the sale of Partnership assets or otherwise) distributable to the Partners; (iii) reserves set aside pursuant to Section 6.05(e); and (iv) amount amounts borrowed by the General Partner for the benefit of the Partners pursuant to a Credit Facility in accordance with Section 2.13.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Host Hotels & Resorts, Inc.), Limited Partnership Agreement (Host Hotels & Resorts, Inc.)

Sources of Funds for Funding by the Partners of Partnership Expenses. The Partners acknowledge that Partnership Expenses shall be funded by or for the account of the Partners, to the extent provided in Section 4.03, through any one or more of the following sources of funds of the Partnership, determined by the General Partner in its discretion: (i) Capital Contributions by the Partners in accordance with Article 5; (ii) the withholding, pursuant to Section 6.05(c)6.05, of amounts (whether realized through the sale of Partnership assets or otherwise) distributable to the Partners; (iii) reserves set aside pursuant to Section 6.05(e); and (iv) amount amounts borrowed by the General Partner for the benefit of the Partners pursuant to a Credit Facility in accordance with Section 2.13.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Host Hotels & Resorts, Inc.), Agreement of Limited Partnership (Host Hotels & Resorts L.P.)

Sources of Funds for Funding by the Partners of Partnership Expenses. The Partners acknowledge that Partnership Expenses shall be funded by or for the account of the Partners, to the extent provided in Section 4.03, through any one or more of the following sources of funds of the Partnership, determined by the General Partner in its discretion: (i) Capital Contributions by the Partners in accordance with Article 55 or Section 2.04(c); (ii) the withholding, pursuant to Section 6.05(c)6.05, of amounts (whether realized through the sale of Partnership assets or otherwise) distributable to the Partners; (iii) reserves set aside pursuant to Section 6.05(e)6.05; andor (iv) amount borrowed amounts required to be contributed by the General Partner for the benefit of the Limited Partners pursuant to a Credit Facility Section 9.03 in accordance with Section 2.13the case of Partnership Expenses arising from any Indemnification Obligation.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Greenhill & Co Inc), Limited Partnership Agreement (Greenhill & Co Inc)

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Sources of Funds for Funding by the Partners of Partnership Expenses. The Partners acknowledge that Partnership Expenses shall be funded by or for the account of the Partners, to the extent provided in Section 4.03, through any one or more of the following sources of funds of the Partnership, determined by the General Partner in its discretion: (i) Capital Contributions by the Partners in accordance with Article 5; (ii) the withholding, pursuant to Section 6.05(c)6.05, of amounts (whether realized through the sale of Partnership assets or otherwise) distributable to the Partners; (iii) reserves set aside pursuant to Section 6.05(e)6.05; andor (iv) amount borrowed amounts required to be contributed by the General Partner for the benefit of the Limited Partners pursuant to a Credit Facility Section 9.03 in accordance with Section 2.13the case of Partnership Expenses arising from any Indemnification Obligation.

Appears in 1 contract

Samples: Limited Partnership Agreement (Greenhill & Co Inc)

Sources of Funds for Funding by the Partners of Partnership Expenses. The Partners acknowledge that Partnership Expenses shall #10338536v8 be funded by or for the account of the Partners, to the extent provided in Section 4.03, through any one or more of the following sources of funds of the Partnership, determined by the General Partner in its discretion: (i) Capital Contributions by the Partners in accordance with Article 5; (ii) the withholding, pursuant to Section 6.05(c), of amounts (whether realized through the sale of Partnership assets or otherwise) distributable to the Partners; (iii) reserves set aside pursuant to Section 6.05(e6.05(f); and (iv) amount amounts borrowed by the General Partner for the benefit of the Partners pursuant to a Credit Facility in accordance with Section 2.13.

Appears in 1 contract

Samples: Limited Partnership Agreement (Host Hotels & Resorts L.P.)

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