Common use of Incremental Costs Clause in Contracts

Incremental Costs. The General Partner shall be entitled to be reimbursed for its reasonable incremental administrative costs incurred in connection with making payments to, preparing reports and statements for, effecting Redemptions with respect to and otherwise servicing all transferees of Preferred Partnership Units, whether directly or indirectly and, whether or not such transferee is an Additional Limited Partner, a Substituted Limited Partner or an Assignee, over and above the amount of such costs incurred in connection with providing such services to the General Partner and an aggregate of ten (10) additional Holders or transferees of Preferred Partnership Units. Such costs may include a reasonable allocation of the General Partner's internal costs and expenses, including a pro rata portion of the salaries or wages, benefits and overhead of its employees engaged in servicing the Holders and transferees. The General Partner may effect such reimbursement by deducting the reimbursable amount from the distributions otherwise payable to the Holders of the Preferred Partnership Units pursuant to Section 5.1(1) hereof.