Common use of Borrowing and Guarantees Clause in Contracts

Borrowing and Guarantees. The General Partner shall have the right, at its option, to cause the Partnership to guarantee loans or other extensions of credit made to any current or prospective Portfolio Company (or to any subsidiary thereof) or any vehicle formed to effect the acquisition thereof or of any real property or other asset acquired by the Partnership; and may incur indebtedness for the purpose of (i) covering Partnership Expenses; (ii) providing interim financing to the extent necessary to consummate the purchase of Investments prior to the receipt of Capital Contributions; and (iii) providing funds for the payment of amounts to withdrawing Partners; provided that any such borrowings from the General Partner or its Affiliates shall be on terms at least as favorable to the Partnership as those available from unaffiliated third parties.