Confusion regarding EXIT SUB statement within a FOR EACH NEXT loop.

In the following event procedure, upon a ValidateCode = EntryIsValid function procedure (cell) = True condition, wouldn't the Exit Sub statement completely exit the whole procedure, thus the Next cell in loop not being processed? (From book "Power Programming with VBA for Excel 2019; Chapter 6)

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Yes, it would.

I think that's the point, since the code has already tested that that is the InputRange cell although it seems like a very odd way to do it.