In the event that the Project Company Guarantors shall fail forthwith to pay upon demand of the Lender any amounts due pursuant to this Section 10 or to perform or comply with or to cause performance or compliance with any other obligation of the Project Company Guarantors under this Agreement the Lender shall be entitled and empowered to institute any action or proceeding at law or in equity for the collection of the sums so due and unpaid or for the performance of or compliance with such terms, and may prosecute any such action or proceeding to judgment or final decree and may enforce such judgment or final decree against the Project Company Guarantors and collect in the manner provided by law out of the property of the Project Company Guarantors, wherever situated, any monies adjudged or decreed to be payable. The obligations of the Project Company Guarantors under this Agreement are continuing obligations and a separate cause of action shall arise in respect of each default hereunder.