000 (excluding VAT, if any, thereon) and Fund Expenses shall be paid by the Fund. For the avoidance of doubt, the Fund shall pay any VAT payable on Organisational Expenses or Fund Expenses. To the extent that any of the Manager, a Related Investment Fund or any of their respective Affiliates pays any Organisa

ble for payment of amounts in respect of the General Partner's Share (as calculated in respect of such Defaulting Partner) and its pro rata share of Organisational Expenses and Fund Expenses as if the Default had not occurred. The General Partner may apply amounts otherwise distributable to such Defaulting Par