Common use of Sole Discretion Clause in Contracts

Sole Discretion. It is understood and agreed that in the event of any dissolution, winding up, liquidation, readjustment, reorganization or other similar proceedings relating to the Borrower or to its property, McDonald's may use its sole discretion with respect to the enforcement of the Senior Mortgages, or in otherwise exercising or refraining from exercising any rights or in taking or refraining from taking any action which it may be entitled to take or assert hereunder; and that McDonald's shall not be under any liability for doing or refraining from doing anything relative thereto in the exercise of its own reasonable judgment or which it may deem necessary or desirable.