Certain Payments to the General Partners and Others Sample Clauses

Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners, or their designee, a non-cumulative fee (the "Annual Partnership Management Fee") commencing in 1998 for services in connection with the administration of the day to day business of the Partnership in an annual amount of $3,000. The Annual Partnership Management Fee for each fiscal year of the Partnership shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a) to the extent Cash Flow is available therefor for such year.
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Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners a fee (the "Annual Partnership Management Fee") commencing in 1997 for their services in connection with the administration of the day-to-day business of the Partnership in an annual amount equal to $1,819 per annum. The Annual Partnership Management Fee shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a); provided, however, that if in any fiscal year commencing in 1997, Cash Flow is insufficient to pay the full amount of the Annual Partnership Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is sufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X.
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Certain Payments to the General Partners and Others. (a) In consideration of the services which have been rendered under the Development Services Agreement (1993), the Partnership has issued the Development Services Agreement (1993) Note to SHLP. The amount of such Note shall be paid by the Partnership from Cash Flow or otherwise in the manner and priority provided in Sections 10.2 and 10.3 or from Capital Contributions by the General Partners pursuant to Section 4.2(b), but prior to any payments under any of the other Service Notes.
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Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners a fee (the "Partnership Management Fee") commencing in 1998 for their services in connection with the administration of the day to day business of the Partnership in an annual amount equal to $4,000 per annum. The Partnership Management Fee for each fiscal year of the Partnership shall be payable from Cash Flow in the manner and priority set forth in Section 10.3(a) to the extent Cash Flow is available therefor for such year; provided, however, that if in any fiscal year commencing with 1999, Cash Flow is insufficient to pay the full amount of the Partnership Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is aufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X.
Sample 1
Certain Payments to the General Partners and Others. (a) In consideration of their consultation, advice and other services in connection with the construction and development of the Apartment Complex, the Partnership agreed to pay to the General Partners (or their designee) a construction and development fee (the "Construction and Development Fee") in the principal amount of $546,019 which fee shall be earned in full as of the Completion Date. The Construction and Development Fee and any interest accrued thereon shall be paid at the Admission Date from the proceeds of General Partner Capital Contributions. Any portion of the Construction and Development Fee which shall not have been paid as of the date which is six months after it shall have been earned shall accrue interest at the Applicable Federal Rate in effect at the time earned from the date earned through the date of payment.
Sample 1
Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners a fee (the "Annual Partnership Management Fee") commencing in 1999 for their services in connection with the administration of the day to day business of the Partnership in an annual amount equal to the lesser of (i) $7,500 per annum or (ii) the excess of (A) one- half of one per cent (0.5%) of the Aggregate Cost of the Apartment Complex over (B) the amount of the Asset Management Fee attributable to such year. The Annual Partnership Management Fee for each fiscal year of the Partnership shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a) to the extent Cash Flow is available therefor for such year; provided, however, that if in any fiscal year commencing with 1999, Cash Flow is insufficient to pay the full amount of the Partnership Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is sufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X. (b) In consideration of their consultation, advice and other services in connection with the construction and development of the Apartment Complex and as consideration for the assignment described in Section 6.14, the Partnership shall pay to the General Partners (or their designee) a construction and development fee (the "Construction and Development Fee") in the principal amount of $345,072, which fee shall be earned in full as to each building in the Apartment Complex as of the date such building is completed. The Construction and Development Fee shall be payable $85,088 from the proceeds of the First Installment, $153,457 from the proceeds of the Second Installment, $80,834 from the proceeds of the Third Installment and $10,248 from the proceeds of the Fourth Installment, with the unpaid balance (the "Deferred Development Fee") payable as provided in Article X. (c) The Partnership shall pay a fee (the "Asset Management Fee") commencing in 1999 for its services in connection with the Partnership's accounting matters relating to the Investment Limited Partner and assisting with the preparation of tax returns and the reports required by Section 12.7 in the annual amount of the lesser of (i) $2,000 or (ii) one-half of one per cent (0.5%) of the Aggregate Cost of the Apartment Complex. The Asset Management Fee shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a); provided, however, that if...
Sample 1
Certain Payments to the General Partners and Others. (a) In consideration of their consultation, advice and other services in connection with the construction and development of the Apartment Complex, the Partnership agreed to pay to the General Partners (or their designee) a construction and development fee (the "Construction and Development Fee") in the principal amount of $410,029, which fee shall be earned in full as to each building in the Apartment Complex as of the date that such building is completed. The Construction and Development Fee shall be paid $246,951 from the proceeds of the Loan Advance, $79,509 from the proceeds of the First Installment and $36,278 from the proceeds of the Second Installment and $47,291 from the proceeds of the Third Installment. Any portion of the Construction and Development Fee which shall not have been paid as of the date which is six months after it shall have been earned shall accrue interest at the Applicable Federal Rate in effect at the time earned from the date earned through the date of payment; any such interest shall be payable in accordance with the provisions of Article X.
Sample 1
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Certain Payments to the General Partners and Others. (a) The Partnership shall pay to Boston Capital or an Affiliate thereof a fee (the "Asset Management Fee") commencing in 1997 for its services in connection with the Partnership's accounting matters relating to the Investment Limited Partner and assisting with the preparation of tax returns and the reports required by Section 12.7 in the annual amount of the lesser of (i) $10,000 or (ii) one-half of one per cent (0.5%) of the Aggregate Cost of the Apartment Complex. The Asset Management Fee shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a); provided, however, that if in any fiscal year commencing with 1997, Cash Flow is insufficient to pay the full amount of the Asset Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is sufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X.
Sample 1
Certain Payments to the General Partners and Others. (a) In consideration of their consultation, advice and other services in connection with the construction and development of the Apartment Complex, the Partnership paid to the Previous General Partners (or their designee) a construction and development fee (the "Construction and Development Fee") in the principal amount of $567,100, which fee was deemed to have been earned in full as of the Completion Date. The Construction and Development Fee was paid $400,000 from the proceeds of the Second Installment and $167,100 from the proceeds of the Third Installment.
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Related to Certain Payments to the General Partners and Others

  • Powers of the General Partner Subject to the limitations set forth in this Agreement, the General Partner will possess and may exercise all of the powers and privileges granted to it by the Act including, without limitation, the ownership and operation of the assets contributed to the Partnership by the Partners, by any other Law or this Agreement, together with all powers incidental thereto, so far as such powers are necessary or convenient to the conduct, promotion or attainment of the purpose of the Partnership set forth in Section 2.06.

  • Restrictions on the General Partner’s Authority Except as provided in Article XII and Article XIV, the General Partner may not sell, exchange or otherwise dispose of all or substantially all of the assets of the Partnership Group, taken as a whole, in a single transaction or a series of related transactions without the approval of a Unit Majority; provided, however, that this provision shall not preclude or limit the General Partner’s ability to mortgage, pledge, hypothecate or grant a security interest in all or substantially all of the assets of the Partnership Group and shall not apply to any forced sale of any or all of the assets of the Partnership Group pursuant to the foreclosure of, or other realization upon, any such encumbrance.

  • Reimbursement of the General Partner (a) Except as provided in this Section 7.4 and elsewhere in this Agreement, the General Partner shall not be compensated for its services as a general partner or managing member of any Group Member.

  • Outside Activities of the General Partner (a) Without the Consent of the Limited Partners, the General Partner shall not directly or indirectly enter into or conduct any business other than in connection with the ownership, acquisition, and disposition of Partnership Interests and the management of its business and the business of the Partnership, and such activities as are incidental thereto.

  • Liability of the General Partner A. Notwithstanding anything to the contrary set forth in this Agreement, none of the General Partner nor any of its officers, directors, agents or employees shall be liable or accountable in damages or otherwise to the Partnership, any Partners or any Assignees, or their successors or assigns, for losses sustained, liabilities incurred or benefits not derived as a result of errors in judgment or mistakes of fact or law or any act or omission if the General Partner acted in good faith.

  • Modifications to the General Conditions The modifications to the General Conditions are as follows:

  • Rights Obligations and Powers of the General Partner 6.1 Management of the Partnership.

  • Authority of the General Partner The General Partner shall have the sole and exclusive right to manage the affairs of the Partnership and shall have all of the rights and powers that may be possessed by general partners under the Act. If two or more Persons are serving as General Partners, decisions regarding the management of the Partnership and its business and affairs shall be made by the consent of a majority in number of the General Partners then serving. The rights and powers that the General Partner may exercise include, but are not limited to, the following:

  • NO SALES TO THE GENERAL PUBLIC AVIF represents and warrants that no Shares of any Fund have been or will be sold to the general public.

  • of the General Terms and Conditions If none, please so indicate by checking the box: x.

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