Common use of Separate Exercise of Remedies Clause in Contracts

Separate Exercise of Remedies. The Administrator (on behalf of the Secured Parties) may exercise remedies against each Borrower and its property (including the Pool Assets) separately, whether or not the Administrator exercises remedies against the other Borrowers or their property. The Administrator may enforce one or all Borrowers’ obligations without enforcing the other Borrowers’ obligations. Any failure or inability of the Administrator to enforce a Borrower’s obligations shall not in any way limit the Administrator’s right to enforce the obligations of the other Borrowers.