Common use of Compensation of General Partner Clause in Contracts

Compensation of General Partner. The General Partner shall not receive any compensation for services rendered to the Partnership in his capacity as the General Partner, except as otherwise expressly provided in this Agreement, but shall be permitted reimbursement of reasonable expenses incurred on behalf of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Keithley Joseph P)

Compensation of General Partner. The General Partner shall not ------------------------------- receive any compensation for the services rendered it performs for the Partnership. However, the General Partner may receive compensation from the Company for services which it provides to the Partnership in his capacity as the Company. The General Partner, except as otherwise expressly provided in this Agreement, but Partner shall be permitted reimbursement of reasonable expenses reimbursed for actual expenditures incurred on behalf in the administration of the Partnership's business.

Appears in 1 contract

Sources: Limited Partnership Agreement (Rose Edward R Iii)

Compensation of General Partner. The General Partner shall not receive any no compensation for services rendered to the Partnership in his capacity acting as the General Partner, except as otherwise expressly provided in this Agreement, but shall be permitted entitled to reimbursement for any expenses paid by it arising out of reasonable expenses incurred on behalf the conduct of the business of the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Aptitude Solutions, Inc.)