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Landmark Infrastructure Partners LP Announces Amendment of Omnibus Agreement to Extend General & Administrative Expense Reimbursement Arrangement
The amendment to the Omnibus Agreement, among other things, extends the period of time for which the Sponsor will reimburse a portion of the partnership’s general and administrative expenses. The cap for general and administrative reimbursement has been revised to 3% of the Partnership’s consolidated revenue during the current calendar quarter and will last until the earlier of: (i) the date on which the Partnership’s consolidated revenue for the immediately preceding four consecutive fiscal quarters (in the aggregate) exceeds
“We are pleased to announce the extension of the General & Administrative expense reimbursement arrangement. This extension is further evidence of the Sponsor’s ongoing support for the Partnership and will facilitate our continued growth,” said Tim Brazy, Chief Executive Officer of the Partnership’s general partner.
The foregoing description is not complete and is qualified in its entirety by reference to the full text of the Omnibus Agreement amendment, a copy of which is filed as an exhibit on Form 8-K with the
Cautionary Note Regarding Forward Looking Statements
Source: Landmark Infrastructure Partners LP