Partnership Expenses definition
Examples of Partnership Expenses in a sentence
In furtherance thereof, the Liquidating Partner shall: (i) have all of the administrative and management rights and powers of the General Partner (including the power to bind the Partnership); and (ii) be reimbursed for Partnership Expenses incurred during the process.
Subject to Section 6.12(d), a Partner shall be entitled to reimbursement for Partnership Expenses paid or incurred by such Partner only with the approval of the General Partner (which approval may be withheld by the General Partner in its sole discretion).
Within 45 days following the end of each Fiscal Year or as soon as reasonably practicable thereafter, the General Partner shall provide the LP Advisory Committee with a detailed statement of all Partnership Expenses incurred during such Fiscal Year.
The General Partner shall not and shall not cause the Partnership to reimburse any Limited Partner for Partnership Expenses paid or incurred by such Limited Partner unless the Partnership is provided with reasonable documentation relating thereto.