Common use of PARTIAL ENFORCEMENT Clause in Contracts

PARTIAL ENFORCEMENT. Upon the occurrence of an Enforcement Event, the Pledgee shall have the right to request enforcement of all or part of the Pledged Assets in its absolute discretion. No action, choice or absence of action in this respect, or partial enforcement, shall in any manner affect the security interest created hereunder over the Pledged Assets as it then shall be (and in particular those Pledged Assets which have not been subject to enforcement). The Pledge shall continue to remain in full and valid existence over the Pledged Assets not concerned by the partial enforcement until full discharge or termination hereof, as the case may be, by the Pledgee, even in case of partial enforcement thereof.