Common use of SEPARATE FINANCINGS Clause in Contracts

SEPARATE FINANCINGS. Each Property Schedule executed and delivered pursuant to this Agreement will be a separate financing. Without limiting the foregoing, upon the occurrence of an Event of Default (as defined in Section 7.1.1 below) or a Non-appropriation Event (as defined in Section 2.4 below) with respect to a Property Schedule, Lessor will have the rights and remedies specified herein with respect to the Property financed and the Lease Payments payable with respect thereto, but will not have any rights or remedies with respect to the Property financed or the Lease Payments payable with respect to any other Property Schedule unless an Event of Default or a Non-appropriation Event has also occurred under such other Property Schedule.