Common use of Severally Enforceable Clause in Contracts

Severally Enforceable. This Guaranty may be enforced severally and successively by any one or more of the Holders of Guaranteed Obligations in one or more actions, whether independent, concurrent, joint, successive or otherwise. The claims, rights and remedies of any Holder of Guaranteed Obligations (i) may not be modified or waived by any other Holder, except as set forth in Section 3.2(a), and (ii) shall not be reduced, discharged, affected or impaired by any deed, act or omission, whether or not wrongful, of any other Holder.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Realty Income Corp), Revolving Credit Agreement (Realty Income Corp), Revolving Credit Agreement (Realty Income Corp)

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