Common use of Multiple Security Clause in Contracts

Multiple Security. Notwithstanding anything else contained in any part of the Security, each part is given as additional, concurrent and collateral security to the remainder of the Security, and BDC shall not be obliged to realize or enforce its rights under any part of the Security before enforcing or realizing on the remainder of the Security, but may enforce or realize on any part of the Security as it sees fit, in whichever order it sees fit, and may abstain from enforcing any part of the Security as it sees fit, any rule of law or equity to the contrary notwithstanding.

Multiple Security. Notwithstanding anything else contained in any part of the Security, each part is given as additional, concurrent and collateral security to the remainder of the Security, and BDC shall not be obliged to realize or enforce its rights under any part of the Security before enforcing or realizing on the remainder of the Security, but may enforce or realize on any part of the Security as it sees fit, in whichever order it sees fit, and may abstain from enforcing any part of the Security as it sees fit, any rule of law or equity to the contrary notwithstanding.