Expenses of the Partnership. (a) All expenses of the Partnership shall be billed directly to and paid by the Partnership.
Expenses of the Partnership. The Partnership shall pay, and the General Partner shall not be obligated to pay, all expenses incurred by or on behalf of the Partnership. The General Partner may, in its discretion, advance funds to the Partnership for the payment of these expenses and shall be entitled to the reimbursement of any funds so advanced.
Expenses of the Partnership. The Partnership (or the Investment Entities, as applicable) shall bear all expenses in any Fiscal Year (other than those expressly related to the duties of the General Partner for which it receives the GP Fees pursuant to Section 6.4(a) above), including Unrelated Third Party expenses relating to the performance of those duties described in clauses (xii), (xviii) and (xxv) of Section 6.3(a), Section 6.3(d), Section 6.3(e), Section 6.8 and expenses associated with any transactions outside the Partnership’s (or the Investment Entities’) general day-to-day operations, such as due diligence and other pursuit costs, any acquisitions, development activities, financing transactions, sales of assets, mergers, acquisitions and the like (such as accounting, engineering, consulting, environmental consulting, entitlement, brokerage, financing, legal costs and expenses), and including, without limitation, construction, repairs, replacements, the preparation of financial statements, property-level audits, annual valuations, tax returns and K-1s and tax compliance activities for the Investment Entities (collectively, “Partnership Expenses”); provided, however, that a reasonable allocation of the internal time of employees of the General Partner or its Affiliates for legal services, coordinating annual valuations, tax and REIT compliance activities, financing activities and the preparation of reporting packages or reconciliations, in each case in respect of the Investment Entities or the Investments, shall be deemed to be Partnership Expenses to the extent such expenses are included in the Approved Partnership Budget or otherwise Approved by the Executive Committee, it being understood that the General Partner shall have no obligation to oversee or provide the foregoing activities unless there exists an Approved Partnership Budget for the internal time of employees of the General Partner or its Affiliates performing the same. Notwithstanding the foregoing, any costs or expenses incurred by the Partnership or the Investment Entities in connection with establishing and maintaining the REIT status of the Investment Entities shall be borne entirely by the BCIMC Limited Partner, except to the extent the Sell-Down Transferee requires similar REIT services and structural considerations, in which case, such costs and expenses shall be borne by the Partnership.
Expenses of the Partnership. The Partnership or the Managed Entities will bear (or reimburse the Manager or its designees with respect to) all reasonable costs and expenses of the Managed Entities, and the Manager and the General Partner or their Affiliates relating to the operation of the Managed Entities as provided in the Limited Partnership Agreement and elsewhere in this Agreement, including, but not limited to:
Expenses of the Partnership. Routine, normal operating expenses exclude (and, accordingly, expenses which shall be paid by the Partnership and not the General Partner or Management Company), without limitation, Organizational Expenses (to the extent permitted under Section 9.1 of this Agreement), Management Fees, liquidation expenses of the Partnership; any sales or other taxes which may be assessed against the Partnership; the costs and out-of- pocket expenses, including, without limitation (but subject to Section 9.1 of this Agreement), reasonable travel and out-of-pocket travel related expenses, commissions, placement fees relating to the Assets, brokerage fees, investment banking fees or similar charges, incurred in connection with the investigation, identification, evaluation, holding, purchase or sale of Assets, whether or not any such purchase or sale is consummated; debt service attributable to borrowed money; all out-of-pocket expenses relating to litigation and threatened litigation involving the Partnership, including indemnification expenses permitted pursuant to Section 10.1 of this Agreement; expenses attributable to normal and extraordinary investment banking, accounting, appraisal, third party valuation, third party legal, custodial, and registration services provided to the Partnership, including services with respect to the proposed purchase or sale of Assets by the Partnership (whether or not any such purchase or sale is consummated); costs and out-of-pocket expenses associated with financial research and market analysis, due diligence and underwriting including third-party consultants and subscriptions; the costs of risk management services and appropriate insurance coverage for the Partnership including, without limitation, premiums for liability insurance to protect the Partnership, the General Partner, the Management Company and the partners, members and Affiliates of the General Partner and the Management Company in connection with the performance of Partnership activities; third-party fund administration expenses (including accounting, reporting (including investor reporting) and expenses associated with Partner distributions and capital calls); interest and taxes related to the purchase, holding or sale by the Partnership of any Asset; costs incurred in registering (or obtaining exemptions from registration for) securities owned by the Partnership with the Securities and Exchange Commission, and any securities exchange or any other similar authority; costs in...
Expenses of the Partnership. All expenses properly incurred by the Partnership, including expenses relating to services performed by accountants, shall be billed directly to and paid by the Partnership. Reasonable third-party expenses incurred by the General Partner in connection with the formation or administration of the Partnership shall be reimbursed to the General Partner by the Partnership upon presentation of an invoice therefor including, but not limited to (i) legal, accounting and other third-party professional fees and expenses; (ii) expenses directly connected with the investigation, negotiation, acquisition, valuation, disposition and ownership of the Partnership property; and (iii) travel and related expenses attributable to the performance of its services.
Expenses of the Partnership. The Partnership shall pay all of the costs and expenses which may be incurred by the Partnership in connection with the operation of its business, including, but not limited to, (a) legal and accounting services, (b) other services rendered to the Partnership by consultants and advisors other than the General Partner, if any, (c) such administrative services as the General Partner may deem necessary or advisable, and (d) any taxes for which the Partnership may be liable.
Expenses of the Partnership. The Partnership will reimburse the Partnership GP for all direct costs and expenses incurred on the Partnership’s behalf by the Partnership GP in the performance of its duties hereunder (which costs and expenses shall be the Partnership’s responsibility). For greater certainty, such costs and expenses for which the Partnership GP is to be reimbursed include, without limitation, the Partnership’s direct general and administrative expenses, including legal and audit fees, stock exchange listings fees, fees of the Transfer Agent, Limited Partner information costs, consulting and advisory fees incurred in connection with the Partnership’s business or the evaluation of investment opportunities by the Partnership and expenses associated with the issuance of Units.
Expenses of the Partnership. 7.1. NO COMPENSATION TO GENERAL PARTNER AS GENERAL PARTNER. The General Partner shall receive no direct compensation or fees for acting as the general partner of the Partnership.
Expenses of the Partnership. (a) Subject to Sections 11.4(b) and 11.4(c) below, the Partnership shall reimburse the General Partners and their Affiliates for (i) all Organization and Offering Expenses incurred by them, and (ii) the actual cost to them of goods and materials used for or by the Partnership and obtained from entities unaffiliated with the General Partners.
