General Partner Expenses. The General Partner or Affiliates of the General Partner shall pay all Partnership expenses which are not permitted to be reimbursed pursuant to Section 9.9 and all expenses which are unrelated to the business of the Partnership.
General Partner Expenses. Neither the Partnership nor any Limited Partner shall bear or be charged with any of the following costs and expenses of the Partnership’s activities: (i) any costs and expenses of providing to the Partnership the office space, facilities, supplies and necessary ongoing overhead support services for the Partnership’s operations (including systems and technology), (ii) the compensation of the personnel of the General Partner and its Affiliates, (iii) any fees, costs or expenses of (A) any third party engaged to monitor, or provide investment advice with respect to, the Partnership’s Investments and (B) any Person to which the General Partner delegates any of its rights, powers, functions or obligations pursuant to the final sentence of Section 4.2(a), (iv) all legal, accounting, filing or other expenses incurred by the General Partner and its Affiliates in connection with organizing and establishing the Partnership and (v) any expenses incurred in connection with the organization of the Private Vehicles and the Feeder Vehicles and the offering of interests therein (collectively, “General Partner Expenses”); provided that to the extent that any of the General Partner or its Affiliates pays any Partnership Expenses, the Partnership may reimburse such Person upon the direction of the General Partner; and provided, further, that the General Partner Expenses may be borne by the General Partner, its Affiliates (other than the Partnership) and any one or more of the Private Vehicles or Feeder Vehicles as may be determined by the General Partner.
General Partner Expenses. If any expenses of the General Partner are deemed to constitute items of Partnership loss or deduction rather than items of loss or deduction of the General Partner, such expenses of the General Partner shall be allocated % to the General Partner and the General Partner’s Capital Account shall be credited with a deemed Funded Contribution in the same amount.
General Partner Expenses. Subject to Section 6.4(c), the General Partner shall be responsible for all the overhead expenses of performing the duties as described in Section 6.3(a), including without limitation, compensation for its employees, rent, utilities and other general internal expenses. The costs of forming the Partnership were funded in accordance with the A&R Partnership Agreement.
General Partner Expenses. The General Partner agrees to assume and pay, or to cause one or more of its Affiliates to assume and pay, all normal operating expenses attributable to the Fund’s investment activities (the “General Partner Expenses”) on the terms and conditions set forth in this Section 2.6. Such normal operating expenses include the following:
General Partner Expenses. The Partnership shall not have any salaried personnel. The General Partner and its Affiliates, but not the Partnership or any Limited Partner, shall bear and be charged with the following costs and expenses of the Partnership’s activities:
General Partner Expenses. The General Partner shall be responsible for all normal expenses incurred in fulfilling its obligations with respect to the administration of the Partnership. Expenses, such as the costs of litigation on behalf of the Partnership and tax audits, that are not incurred by a general partner in the normal course of carrying out such responsibilities shall be reimbursed to the General Partner by the other Partners in proportion to their Percentage Interests in the Partnership, except insofar as such expenses are due to the willful or negligent act or omission of the General Partner or anyone acting on its behalf.
General Partner Expenses. All routine overhead expenses of the General Partner, including but not limited to compensation for professional staff, office space and utilities, will be borne by the General Partner.
General Partner Expenses. The General Partner shall be reimbursed on a quarterly basis, or on a more frequent basis as the General Partner may reasonably determine, for all expenses it incurs relating to the ownership and operation of, or for the benefit of, the Partnership (including expenses related to the operations of the General Partner, the status of the General Partner as a public company, and the management and administration of any Subsidiaries of the General Partner or the Partnership, such as auditing expenses and filing fees).
General Partner Expenses. The General Partner and ICM-IV will bear and be charged with the following expenses: salaries and other expenses (including bonuses and health, welfare, retirement and other benefits) and overhead expenses (including rents, travel and costs) of the General Partner, ICM-IV, and the chief operating officer and the directors of development, finance and accounting of ICM-IV and their related staffs.
