Fees and Expenses, etc. Members of the Advisory Committee that are independent of the General Partner and its Affiliates (“Independent Directors”) shall be compensated by the Master Partnership. Independent Directors shall also be reimbursed for all reasonable out-of-pocket expenses incurred in attending board and committee meetings of the Fund. As provided in Section 2.08(d) of this Agreement, the Onshore Partnership will bear its pro rata share of these expenses. The members of the Advisory Committee shall be indemnified by the Onshore Partnership as provided in Section 2.07.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement
Fees and Expenses, etc. Members of the Advisory Committee Board that are independent of the General Partner and its Affiliates (“Independent Directors”) shall be compensated by the Master Partnership. Independent Directors shall also be reimbursed for all reasonable out-of-pocket expenses incurred in attending board and committee meetings of the Fund. As provided in Section 2.08(d) of this Agreement, the Onshore Partnership will bear its pro rata share of these expenses. The members of the Advisory Committee Board shall be indemnified by the Onshore Partnership as provided in Section 2.07.
Appears in 1 contract
Sources: Limited Partnership Agreement