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SECTION 9. AUTHORITY OF THE GENERAL PARTNER

for and charge of the overall management, control and administration of the Partnership in all respects. The General Partner shall be authonzed to retain any Affiliate to perform any of its duties hereunder pursuant to Section 9.9(c). The General Partner shall have all specific rights and powers required or appropriate to manage the Partnership, including the power and authonty to do the following, except as otherwise expressly provided herein:

(a) develop suitable overall investment strategies and standards for the Partnership;

(b) review, select, analyze, structure, negotiate and close investment transactions, and enter into, execute, deliver and consummate all agreements, instruments and other documents without any further act, vote or approval of any Partner and do all other acts the General Partner deems advisable in connection with the Permitted Investments;

(c) monitor, supervise and direct the investments of the Partnership and dispose of them in such manner and at such times as the General Partner deems most advantageous to the Partnership;

(d) subject to Sections 9.10 and 9.11, borrow money, or guarantee borrowings on a short term basis, to make or facilitate Permitted Investments or pay expenses pursuant to Section 9.5 of the Agreement. Outstanding guarantees and borrowings at any time must not total more than the lesser of 10% of the total Commitments or Unfunded Commitments at the time;

(e) purchase from or through others contracts of liability, casualty and other insurance which the General Partner deems advisable, appropnate or convenient for the protection of the Portfolio Securities or other assets or affairs of the Partnership or for any purpose convenient or beneficial to the Partnership;