Partner Compensation. No Partner shall be entitled to any compensation for services provided by such Partner to, or for the benefit of, the Partnership, except that the General Partner may receive and retain compensation as provided in the Investment Management Agreement, and the Limited Partner's Sharing Ratio of Securities acquired by the Partnership shall be taken into consideration in calculating the compensation payable to the General Partner pursuant to Section 4 of the Investment Management Agreement as if such Securities were owned directly by the Limited Partner.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Gainsco Inc), Agreement of Limited Partnership (Gainsco Inc)