Offering Costs definition
Examples of Offering Costs in a sentence
Organization and Offering Costs shall be charged 100% to the Managing General Partner.
Any Organization and Offering Costs paid and/or provided in services by the Managing General Partner in excess of this amount shall not be credited towards the Managing General Partner’s required Capital Contribution or revenue share set forth in §5.01(b)(4).
The Fund’s Initial Offering Costs will be amortized over the first twelve (12) months of the Fund’s operations.
I understand that participation in the Program is voluntary and I voluntarily assume personal responsibility for any injury, liability, loss or damage arising from any and all risks, known and unknown, in any way connected with participation in the Program.
In consideration of its payment of Organization and Offering Costs, the General Partner shall be paid by the Limited Partnership an amount equal to 3.5% of the Unit Holders' Subscriptions as provided in Section 3.5. The General Partner shall be reimbursed by the Limited Partnership for General and Administrative Costs and Direct Administrative Costs incurred by it on behalf of the Limited Partnership, and such costs shall be allocated among the Partners as set forth in Section 5.2 of this Agreement.