Common use of Exempt Property Clause in Contracts

Exempt Property. Notwithstanding anything to the contrary contained herein, the rights and interests of Subordinate Lender in and to the Exempt Property are not subordinate to the Senior Guaranty Obligations pursuant to this Agreement, and nothing contained herein shall limit or impair the right of Subordinate Lender to enforce the Pledge Agreement or receive, retain and apply the Exempt Property to the payment of the ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇igations notwithstanding that the Senior Guaranty Obligations or the Credit Agreement Obligations have not been paid or performed in full.