Common use of Agreement Not Affected Clause in Contracts

Agreement Not Affected. The Purchaser and the Program Agent may proceed to exercise any right or remedy which it might have pursuant to this Article VII or Applicable Law without regard to any actions or omissions of the Purchaser, the Program Agent or any other Person. The validity of this Article VII shall not be affected by any action or inaction which may be taken under or in respect of any Program Document. The Purchaser and the Program Agent at its option may proceed in the first instance against the Parent to obtain a remedy under any Program Document in the amount and in the manner set forth in such Program Document, without being obliged to resort first to any claim or action against the Seller, the Transferor, the Shareholder Servicer, the Distributor (as Distributor, Principal Shareholder Servicer or Servicer) or any other Federated Entity.

Agreement Not Affected. The Purchaser and the Program Agent Administrator may proceed to exercise any right or remedy which it might have pursuant to this Article VII or Applicable Law without regard to any actions or omissions of the Purchaser, the Program Agent Administrator or any other Person. The validity of this Article VII shall not be affected by any action or inaction which may be taken under or in respect of any Program Document. The Each of the Purchaser and the Program Agent Administrator at its option may proceed in the first instance against the Parent to obtain a remedy under any Program Document in the amount and in the manner set forth in such Program Document, without being obliged to resort first to any claim or action against the SellerAdvisor, the TransferorDistributor, the Shareholder Servicer, the Distributor (as Distributor, Principal Shareholder Program Servicer or Servicer) Agent or any other Federated Sponsor Entity.

Agreement Not Affected. The Purchaser and the Program Agent Administrator may proceed to exercise any right or remedy which it might have pursuant to this Article VII or Applicable Law without regard to any actions or omissions of the Purchaser, the Program Agent Administrator or any other Person. The validity of this Article VII shall not be affected by any action or inaction which may be taken under or in respect of any Program Document. The Each of the Purchaser and the Program Agent Administrator at its option may proceed in the first instance against the Parent to obtain a remedy under any Program Document in the amount and in the manner set forth in such Program Document, without being obliged to resort first to any claim or action against the Seller, the Transferor, the Shareholder ServicerAdvisor, the Distributor (as Distributor, Principal Shareholder Distributor or Program Servicer or ServicerAgent) or any other Federated Sponsor Entity.

Agreement Not Affected. The Purchaser Purchasers and the Program Agent ---------------------- Administrator may proceed to exercise any right or remedy which it might have pursuant to this Article VII VIII or Applicable Law without regard to any actions or omissions of the PurchaserPurchasers, the Program Agent Administrator or any other Person. The validity of this Article VII VIII shall not be affected by any action or inaction which may be taken under or in respect of any Program Document. The Purchaser Purchasers and the Program Agent Administrator at its option may proceed in the first instance against the Parent to obtain a remedy under any Program Document in the amount and in the manner set forth in such Program Document, without being obliged to resort first to any claim or action against the Seller, the Transferor, the Shareholder Servicer, the Distributor (as Distributor, Principal Shareholder Servicer or ServicerProgram Servicer Agent) or any other Federated Entity.