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ARTICLE 6 <br />MANAGEMENT OF PARTNERSHIP AFFAIRS <br />6.01 Control and Operation of the Partnership. The General Partner shall have the <br />ve control and management of the day -to -day operation of the Partnership business. <br />6.02 Compensation and Activities of General Partner. The General Partner may be <br />allo ed compensation for services rendered as General Partner. The General Partner shall be <br />reim ursed by the Partnership for his reasonable out -of- pocket expenses incurred on behalf of <br />the Hartnership, including, but not limited to, expenses for travel, lodging and meals. The <br />Gen al Partner shall provide such services to the operation of the Partnership business as the <br />P rship shall deem necessary. The Limited Partners agree that -the General Partner may <br />enga a in other business ventures either on his own behalf or through other entities which may or <br />may of be competitive with the Partnership business. Such other business ventures may be <br />cond cted for the exclusive benefit of the General Partner. <br />6.03 Specific Powers. In addition to all other rights and powers, the General Partner <br />shall have the specific rights and powers required for or appropriate for his supervision of the <br />Part m -rship business. Such rights and powers shall include, but not be limited to, the following: <br />(i) to employ persons in the operation and management of the Partnership <br />busir ess, including, but not limited to, supervisory management agents, building management <br />ageril s, insurance brokers, underwriters, attorneys, and such other advisors, on such terms and for <br />such other compensation as the General Partner shall determine, including persons or entities <br />relat d to or affiliated with the General Partner, provided, however, that the employment of such <br />pers s shall be effected upon such terms and such compensation as are consistent with the usual <br />term of employment and the usual compensation as is customary in such person's business; <br />(ii) to sell or direct the sale of the Limited Partnership Units; <br />(iii) to place title to or the right to use Partnership assets in the name of the <br />Zip, or in the name of the General Partner, or in the name or names of nominees for any <br />convenient or beneficial to the Partnership; <br />(iv) to borrow money, with or without security, and, if security is required for the <br />repa ent thereof, to mortgage or subject to any security device any portion of the property of <br />the P irtnership, and to pay or repay, in whole or in part, refinance, modify, consolidate or extend <br />any i iortgage or other security device, provided, however, that all of the foregoing shall be on <br />such terms (including the execution of warrants of attorney to confess judgment against the <br />Part rship with respect to obligations, if the lender demands that such a cognovit provision be <br />inclu led as part of such obligation) and in such amounts as the General Partner shall deem in its <br />absol ate discretion to be in the best interest of the Partnership; and <br />(v) to purchase, lease, develop, improve, maintain, exchange, trade or sell all, <br />all, or part of the Partnership assets at such price, rental or amount for cash, security <br />