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e with the execution of this Agreement, a letter of credit in the amount of such Partner Note, in the form annexed hereto as gxhibit C, from a bank or other institution reasonably accept- able to the General Partners. 7.3 If a Limited Partner shall fail to make payment of any amount required under Section 7.1 within twenty (20) days after the time when the same shall become due and payable, the Partnership shall, in addition to hav- ing the right to enforce the Partner Note evidencing such obligation according to its terms, be entitled to exercise one or more of the following remedies: 7.3.1. The General Partners, on behalf of the Partnership, shall have the right to declare then due and payable by such defaulting Limited Partner any remaining amounts required to be paid by such Partner under Section 7.1. 7.3.2 The General Partners, on behalf of the Partnership, may borrow such sums as may be necessary to make up any such def aults on such terms, including rate of interest and maturity, as the General Partners may deem advis- able, in which case the defaulting Limited Partner shall be liable to the Partnership 1`or the amount which he has failed to contribute, together with the Partnership's actual expenses incurred in connection with any such borrowing, including, without limitatian, interest and attorneys' fees. 7.3.3 The General Partners, on behalf of L.J