Partnership Expense definition

Partnership Expense means ‘Expenses’ as defined in the Partnership Agreement.‌
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Partnership Expense is defined in the Partnership Agreement.
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Partnership Expense means an Expense of OFNLP 2008 as defined in the OFNLP 2008 Partnership Agreement.
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Examples of Partnership Expense in a sentence

  • The General Partners shall cause to be prepared quarterly, at Partnership Expense: (i) a statement of the compensation received by the General Partners and Affiliates during the quarter from the Partnership, which statement shall set forth the services rendered by the General Partners and Affiliates and the amount of fees received, and (ii) other relevant information.

  • The costs of any other meeting of the LP Advisory Committee shall not be a Partnership Expense and shall not be reimbursed by the General Partner.

  • Interest paid by investors for late payment/contributions is not regarded as a Partnership Expense and falls outside of their Capital Commitment i.e. does not come off their Capital Commitment.

  • Except as set forth in Section 4.03(b), any Partnership Expense shall be funded by the Partners pro rata in accordance with their respective Commitment Percentages.

  • The amount of any Partnership Expense shall be allocated among the Partners in accordance with Section 4.02.

  • In no event shall a party be entitled to more than one payment of the Parent Expense Reimbursement and Partnership Expense Reimbursement, as applicable, in connection with a termination of this Agreement pursuant to which such amounts are payable.

  • The reasonable costs of any such legal or financial advisors shall be a Partnership Expense, reimbursable to LP Advisory Committee members.

  • In no event shall a party be entitled to more than one payment of the Partnership Termination Fee, Parent Expense Reimbursement and Partnership Expense Reimbursement, as applicable, in connection with a termination of this Agreement pursuant to which such amounts are payable.

  • However, for purposes of this clause 5.4, any Tax imposed on the Partnership or Investment Holding Vehicle without regard to the status of any Partner shall be treated as a Partnership Expense and shall not be treated as having been distributed to the Partners.

  • Except as set forth in Section 4.03(b), any Partnership Expense shall be allocated by the General Partner to a Fund, and shall be funded by the Partners having an interest in such Fund, pro rata in accordance with their respective Commitment Percentages applicable to such Fund, however in no event exceeding such Limited Partner’s Available Capital Commitment.


More Definitions of Partnership Expense

Partnership Expense is defined in Section 4.1.
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Partnership Expense means an Expense as defined in the OFN Limited Partnership Agreement and the MFN Limited Partnership Agreement applicable to OFN Limited Partnership or MFN Limited Partnership, as the case may be;
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Related to Partnership Expense

  • Public expense means that the LEA either pays for the full cost of the evaluation or ensures that the evaluation is otherwise provided at no cost to you, consistent with the provisions of Part B of the IDEA, which allow each State to use whatever State, local, Federal and private sources of support are available in the State to meet the requirements of Part B of the Act.

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk's office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replacements and office automation and information technology equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.