Examples of Organization and Offering Costs in a sentence
Organization and Offering Costs shall be charged 100% to the Managing General Partner.
Any Organization and Offering Costs paid and/or provided in services by the Managing General Partner in excess of this amount shall not be credited towards the Managing General Partner’s required Capital Contribution or revenue share set forth in §5.01(b)(4).
For purposes of sharing in revenues under §5.01(b)(4), the Managing General Partner shall be credited with Organization and Offering Costs paid by it and for services provided by it as Organization Costs up to an amount equal to 15% of the Partnership’s subscription proceeds.
The Managing Partner shall deposit in the Production Partnership Account the Capital Contributions of the Limited Partnership and the Managing Partner and apply such Capital Contributions to the payment of Organization and Offering Costs and the Acquisitions and Operations Fee.
All Organization and Offering Costs will be charged entirely to the General Partner (in consideration of which the General Partner will be paid the amount provided in the first sentence of Section 4.12B).