(b) The General Partner is hereby authonzed to advance on behalf of any Limited Partner, an amount equal to the amount of U.S. federal, state or local income or other tax, and any related penalties, interest or other payments, that the General Partner determines the Partnership or the General Partner is required to withhold or to pay to a taxing authority with respect to or on behalf of such Limited Partner, and to file all necessary reports relating to such withholding or payment as may be required by law. Notwithstanding the foregoing, if any such amounts are deemed for tax purposes to be a Partnership deduction or expense, the amount of any such deduction or expense shall be specially allocated to the pertinent Limited Partner. The General Partner shall notify such Limited Partner of the amount of such advance, and such Limited Partner (whether or not it is then a Limited Partner) shall promptly pay over to the General Partner cash equal to such amount. In the event a Limited Partner fails to repay any advance under this Section 9.2(b), the General Partner is hereby authonzed to withhold out of any distributions that would otherwise be made to such Limited Partner the amount so advanced. Any payment by a Partner hereunder shall not be treated as a Capital Contribution to the Partnership nor be taken into account in computing such Partner's nght to distributions under this Agreement. Each Limited Partner shall indemnify the Partnership and the General Partner and hold each of them harmless from any liability with respect to any taxes, penalties or interest required to be withheld or paid to any taxing authority by the Partnership or the General Partner for or on behalf of such Limited Partner or with respect to such Limited Partner (other than any penalties or interest resulting from the General Partner's grossly negligent or willful failure to withhold or make payments, which penalties and interest shall be the obligation of the General Partner).
9.3 Permitted Investments. The Permitted Investments of the Partnership are those that are described in Section 3.1, as determined by the General Partner in its sole discretion, subject to the investment restrictions set forth in Section 9.4.