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66 INSIDE THE MENDS hereunder when due (a Defaulting Partner), the General Partner shall give such Defaulting


Partner notice of its default in payment. In the event such default shall continue beyond the fifth Business Day following such notice, the General Partner may, in its sole discretion, undertake any one or more of the following steps: (I) The General Partner may assist the Defaulting Partner in finding a buyer for the Defaulting Partner's Interest (provided, that the General Partner shall have no obligation to contact any particular Limited Partner or other Person with regard to such sale). (II) The Partnership may pursue and enforce all rights and remedies the Partnership may have against such Defaulting Partner with respect thereto, including a lawsuit to collect the overdue amount, with interest calculated thereon at a rate equal to the variable rate per annum that is the rate of interest published from time to time by The Wall Street Journal as the prime rate at large U.S. money center banks, plus six percentage points per annum (but not in excess of the highest rate per annum permitted by law). (in) The General Partner may in its sole discretion offer a Defaulting Partner's Interest to the Partners (other than any Defaulting Partner) at a price equal to two-thirds of the Net Asset Value of the Interest (not including any unrealized appreciation, but including all unrealized depreciation, in the Partnership's assets as determined by the General Partner in its sole discretion). The portion of such Defaulting Partner's Interest available to each Partner shall be determined by the General Partner in its sole discretion. If an eligible Partner elects not to purchase the entire portion offered to it, such unpurchased portion shall be reoffered to the Partners who have purchased the entire portion offered to them until either all of such Interest is acquired or no eligible Partner wishes to make a further investment. The portion of such Defaulting Partner's Interest reoffered to each Partner shall be determined by the General Partner in its sole discretion. At the closing of