Compensation of the General Partner. The General Partner shall not be entitled to any compensation for services rendered to the Partnership solely in its capacity as General Partner except with respect to reimbursement for those costs and expenses constituting Administrative Expenses.
Compensation of the General Partner. A. Except as provided in Articles Four and Five, the General Partner shall not, either in its capacity as General Partner or in its individual capacity, receive any salary, fees or profits from the Limited Partnership.
Compensation of the General Partner. Unless otherwise consented to by a Majority-in-Interest of the Limited Partners, except as expressly provided in Articles 4 and 5 hereof regarding distributions and allocations to which the General Partner may be entitled, the General Partner shall not receive any compensation for its services as general partner of the Partnership.
Compensation of the General Partner. As compensation and consideration for the performance of its duties and responsibilities as General Partner, the General Partner shall be entitled to receive a monthly management fee of two percent (2%) of the Partnership's net revenues for the preceding month. Such management fee will be paid on or before the twentieth (20th) day of each month after the month the Partnership starts to conduct business operations. For purposes of this Section 8.8, the Partnership's net revenues shall mean its gross revenues less its contractual adjustments, charity care and administrative discounts as determined in accordance with generally accepted accounting principles. The General Partner may contract with other parties (including IASIS or any IASIS Affiliate) in rendering management services to the Partnership.
Compensation of the General Partner. As compensation and consideration for the performance of its duties and responsibilities as General Partner, the General Partner shall be entitled to receive a monthly management fee of three percent (3%) of the Partnership’s net revenues for the preceding month, one percent (1%) of which represents a license fee for an initial term of two years in connection with the use of the Columbia trade name. This license fee may be adjusted after the initial term to reflect the fair market value of the license as determined by an independent valuation. Such management fee will be paid on or before the twentieth (20th) day of each month after the month the Partnership starts to conduct business operations. For purposes of this Section 8.8, the Partnership’s net revenues shall mean its gross revenues less its contractual adjustments, charity care and administrative discounts as determined in accordance with generally accepted accounting principles. The General Partner may contract with other parties (including Columbia or any Columbia Affiliate) in rendering management services to the Partnership.
Compensation of the General Partner. Except as provided in the Management Agreements, the General Partner shall receive no compensation for the performance of its duties and responsibilities hereunder.
Compensation of the General Partner. As compensation and consideration for the performance of its duties and responsibilities as General Partner, the General Partner shall be entitled to receive a monthly management fee of 2% of the Partnership's Net Revenues from Health Care Services for the preceeding month. Such management fee will be paid on or before the twentieth (20th) day of each month after the month the Partnership starts to conduct business operations. The General Partner shall provide DCSF and each member of the Board of Advisors with complete information regarding the calculation of such fee at the time said fee is paid; and shall make available to the WPRH Members and DCSF Members all supporting information relevant thereto. Subject to the provisions of Section 8.5 and any other express provisions herein, the General Partner may (at General Partner's sole expense) contract with Columbia or any Columbia Affiliate for assistance to it in rendering management services to the Partnership; and may contract wit-in third parties for the same if Approved by the Committee.
Compensation of the General Partner. A. The General Partner and its Affiliates and their employees may perform services for the Partnership, including without limitation, property management, construction management, leasing, legal, accounting, sale and other services with respect to the Partnership and its assets, and may compensate and reimburse such Persons for such services determined on a fair market value basis, provided that such compensation and reimbursement shall be considered Subordinated Amounts.
Compensation of the General Partner. The Partnership shall not pay any salary or fee to the General Partner or any part of the General Partner's overhead and administrative costs. However, the General Partner shall be entitled to payment pursuant to the terms and conditions of that certain Operating Agreement of even date herewith by and between the General Partner, as Operator, and the Partnership, as Non-Operator.
Compensation of the General Partner. The General Partner may receive a reasonable monthly salary for managing the affairs of the Partnership. The General Partner may from time to time adjust its compensation as necessary to reasonably compensate the General Partner for its services to the Partnership. Additionally, the General Partner shall be reimbursed for all expenses incurred in furtherance of the Partnership’s business.
