Understanding the Miva Exit command

[TipPro]

Say I have a template called PROD-INFO and in this template I render another template using code like this...

<mvt:comment>Current Template: PROD-INFO</mvt:comment>
<mvt:do name="l.result" file="g.Module_Feature_TUI_MGR" value="TemplateManager_Render_Page('PROD-LOOKUP')" />

In the PROD-LOOKUP template I run some code but if I hit an error I output an error message then exit like this

<mvt:comment>Current Template: PROD-LOOKUP</mvt:comment>
<mvt:if expr="g.jsonData:isError EQ 1">
    <mvt:do name="l.result" file="g.Module_Feature_TUI_MGR" value="TemplateManager_Render_Page('PROD-NOT-FOUND')" />
    <mvt:exit />
</mvt:if>

In my testing it looks like <mvt:exit /> will not only exit PROD-LOOKUP but also exit the original template PROD-INFO.

Am I understanding how this works correctly? I want to double check before I rely on this behavior.

[TipPro]

I was mistaken yesterday. The <mvt:exit /> does not exit out of all templates. Once <mvt:exit /> is hit in the PROD-LOOKUP template the rest of the PROD-INFO template is then processed.