Compensation to General Partners Sample Clauses

Compensation to General Partners. The General Partners shall be entitled to be compensated and reimbursed for expenses incurred in performing its management functions in accordance with the provisions of Article 10 thereof, and may receive compensation from parties other than the Partnership.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
Compensation to General Partners. And Affiliates Cannot Be Precisely Determined.................................................................. 17 No Assurance That Reserves Will Be Adequate................................. 17 Limited Transferability Of Units Requires That Investment Be Considered Long Term........................................................................
Sample 1Sample 2Sample 3See All (6)
Compensation to General Partners. Except as expressly provided in Section 9.2 or 9.3, no General Partner shall receive any compensation from the Partnership for services rendered in its capacity as a general partner of the Partnership. Notwithstanding anything herein to the contrary, at such time as QSV ceases to be the Managing General Partner or the managing general partner of the MLP, whether as a result of the transfer of QSV's Partnership Interest pursuant to Section 11.2 (or Section 12.2 of the Investors Partnership Agreement) or the withdrawal or removal of QSV pursuant to Section 13.1 (or Section 14.1 or 14.2 of the Investors Partnership Agreement) (other than removal for "cause," as defined in the Investors Partnership Agreement), then QSV shall have the option, in its sole discretion, to convert its Partnership Interest and its partnership interest in the MLP and to either assign to the MLP or convert its rights (the "Rights") under the provisions of Section 9.2 (and Section 9.2 of the Investors Partnership Agreement) (collectively, the "Conversion") for the Acquisition Price (as defined below), effective as of the date of such transfer, withdrawal or removal, and upon such Conversion the successor Managing General Partner shall cause the Partnership to issue to QSV Partnership Units in the amounts provided for below. In exchange for the Conversion of the Rights, as provided for above, and the conversion of the QSV's Partnership Interest, in the event QSV elects to effect the Conversion, QSV will receive the "Acquisition Price," consisting of (a) the Initial Unit Consideration and (b) the Contingent Unit Consideration. The Initial Unit Consideration consists of 850,000 Partnership Units (which number or classification shall be adjusted to give effect to any reclassification or change of the shares of Common Stock or Units, including, without limitation, a split, or any merger or consolidation of the Company or the MLP, except the merger of the MLP with the Company or a subsidiary thereof, or sale of assets to another entity, occurring after March 31, 1997), with the number of Partnership Units issuable hereunder being reduced (on a one-for-one basis) by the number of Units or shares of Common Stock otherwise received by QSV in connection with the Conversion. The portion of the Initial Unit Consideration consisting of Partnership Units shall be issued by the Partnership as soon as practicable following the date of the Conversion, but in no event later than 30 days thereafter.
Sample 1
Compensation to General Partners. 62 9.2. Expenses in Connection With Organization of Partnership and Initial Public Offering . . . . . . . . . . . . . . . . . . . . . 63 9.3.
Sample 1
Compensation to General Partners. Except as expressly provided in this Article VI and as provided in Article IV, the General Partners shall receive no compensation from the Partnership for services rendered in their capacity as General Partners of the Partnership.
Sample 1
Compensation to General Partners. Except as permitted under Section 5.5 or expressly provided in Section 9.3 or 9.4, no General Partner shall receive any compensation from the Partnership or the Operating Partnership for services rendered in its capacity as a general partner of the Partnership or the Operating Partnership. Notwithstanding anything herein to the contrary, at such time as QSV ceases to be the Managing General Partner or the managing general partner of the Operating Partnership, whether as a result of the transfer of QSV's Partnership Interest pursuant to Section 12.2 (or Section 11.2 of the Operating Partnership Agreement) or the withdrawal or removal of QSV pursuant to Section 14.1 or 14.2 (or Section 13.1 of the Operating Partnership Agreement) (other than removal for "cause"), then QSV shall have the option, in its sole discretion, to convert its Partnership Interest and its partnership interest in the Operating Partnership and to either assign to the Partnership or convert its rights (the "Rights") under the provisions of Section 9.3 (and Section 9.3 of the Operating Partnership Agreement) (collectively, the "Conversion") for the Acquisition Price (as defined below), effective as of the date of such transfer, withdrawal or removal, and upon such Conversion, the successor Managing General Partner shall cause the Partnership to issue to QSV Units, and the Partnership shall cause the Operating Partnership to issue interests therein, in the aggregate amounts provided for below.
Sample 1
Compensation to General Partners 
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Compensation to General Partners

  • Compensation to NCPS (a) Issuer Party shall pay or cause to be paid to NCPS for its services as the facilitator of escrow as outlined in Exhibit B, which may be updated from time to time by NCPS by providing written notice to Issuer Party. Issuer Party’s obligation to pay such fees to NCPS and reimburse NCPS for such expenses is not conditioned upon a successful closing. Upon Issuer Party’s request, NCPS will provide Issuer Party with copies of all relevant invoices, receipts or other evidence of such expenses. The obligations of Issuer Party under this Section 10 shall survive any termination of this Agreement and the resignation or removal of NCPS.

  • COMPENSATION TO THE ADVISOR The Trust shall pay the Advisor, out of the assets of a Fund, as full compensation for all services rendered, an advisory fee for such Fund set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Fund for the calendar year computed in the manner used for the determination of the net asset value of shares of such Fund.

  • Compensation to the Sub-Adviser For the services to be provided by the Sub-Adviser pursuant to this Agreement, the Adviser will pay the Sub-Adviser, and the Sub-Adviser agrees to accept as full compensation therefor, a sub-advisory fee at the rate specified in Schedule B which is attached hereto and made part of this Agreement. The fee will be calculated based on the average daily value of the Assets under the Sub-Adviser's management and will be paid to the Sub-Adviser monthly. Except as may otherwise be prohibited by law or regulation (including any then current SEC staff interpretation), the Sub-Adviser may, in its discretion and from time to time, waive a portion of its fee.

  • COMPENSATION TO CONSULTANT The Consultant's compensation for the Consulting Services shall be as set forth in Exhibit B attached hereto and incorporated herein by this reference.

  • General Partners Each Plains Entity or GP Entity that serves as a general partner of another Plains Entity or GP Entity has full corporate or limited liability company power and authority, as the case may be, to serve as general partner of such Plains Entity or GP Entity, in each case in all material respects, as disclosed in the Pricing Disclosure Package and the Prospectus.

  • Compensation of OFI GLOBAL The Fund agrees to pay OFI GLOBAL and OFI GLOBAL agrees to accept as full compensation for the performance of all functions and duties on its part to be performed pursuant to the provisions hereof, a management fee computed on the aggregate net asset value of the Fund as of the close of each business day and payable monthly at the following annual rates:

  • Compensation to Insiders Except as disclosed in the Prospectus, the Company shall not pay any of the Insiders or any of their affiliates any fees or compensation from the Company, for services rendered to the Company prior to, or in connection with, the consummation of a Business Combination.

  • Compensation for Consulting Services For each quarter (i.e., three-month period) that Executive provides consulting services to MediciNova pursuant to the option of MediciNova contained in Section 9 above, MediciNova shall pay Executive a sum equal to fifteen percent (15%) of Executive’s annual Base Compensation which shall be applicable at the time of Executive’s termination of employment with MediciNova (prorated for any period of less than a quarter). The parties expressly agree that when Executive is performing consulting services for MediciNova, Executive is acting as an independent contractor. Therefore, Executive shall be solely liable for Social Security and income taxes that result from Executive’s compensation as a consultant. In addition, Executive shall not be entitled to any other benefits including, without limitation, such group medical, life and disability insurance and other benefits as may be provided to employees and/or executives of MediciNova.

  • Compensation to Contractor The terms related to the price of the goods and/or services to be provided under this Agreement and the terms of payment to the Contractor are described in more detail in Attachment “B” to this Agreement: Price and Payment Information.

  • Partners If the Partnership declines to purchase said ownership interest under said notice period, each Partner shall jointly and severally be given a first right of refusal within days’ notice to purchase the ownership interest under the same terms and conditions agreed upon by the potential buyer. If more than one (1) Partner agrees to purchase, they shall be obligated to share the terms of the purchase equally.

Time is Money Join Law Insider Premium to draft better contracts faster.