Common use of Partner Compensation Clause in Contracts

Partner Compensation. No Partner shall receive any interest, salary or drawing with respect to its Capital Contributions or its Capital Account or for services rendered on behalf of the Partnership, or otherwise, in its capacity as a Partner, except as otherwise provided in this Agreement.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Tiptree Financial Partners, L.P.), Limited Partnership Agreement (Highland Financial Partners, L.P.)