Secured
Obligations payable upon demand by Administrative Agent or any other Secured
Lender and secured hereby, and, if the Lien and security interest hereof shall
have been released, such Lien and security interest shall be reinstated with the
same effect and priority as on the date of execution hereof all as if no release
of such Lien or security interest had ever occurred.
(b)
In connection with any sale or other disposition of
Collateral permitted by the Credit Agreement, the Lien pursuant to this
Agreement on such sold or disposed of Collateral shall be automatically
released.
In connection with the sale or other disposition of Collateral
permitted under the Credit Agreement, Administrative Agent shall, upon receipt
from the Borrower of a written request for the release of such Collateral
subject to such sale or other disposition, identifying such Collateral, deliver
to such Grantor, as the case may be, such Collateral held by Administrative
Agent hereunder and execute and deliver to the relevant Grantor (at the sole
cost and expense of such Grantor) or authorize such Grantor to file all releases
or other documents (including without limitation UCC termination statements)
necessary or reasonably desirable for the release of Liens created hereby on
such Collateral as such Grantor may reasonably request.
6.6.
GOVERNING LAW; WAIVER OF JURY TRIAL; CONSENT TO
JURISDICTION AND SERVICE OF PROCESS.
(a)
THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF TEXAS APPLICABLE TO AGREEMENTS MADE
AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE AND APPLICABLE FEDERAL LAW.
(b)
EACH GRANTOR, THE SECURED PARTY AND EACH OTHER
SECURED LENDER, BY ACCEPTANCE HEREOF, IRREVOCABLY AND UNCONDITIONALLY SUBMITS,
FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF
THE STATE OF TEXAS SITTING IN DALLAS COUNTY AND OF THE UNITED STATES DISTRICT
COURT OF THE NORTHERN DISTRICT OF TEXAS, AND ANY APPELLATE COURT FROM ANY
THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY
JUDGMENT, AND EACH GRANTOR, THE SECURED PARTY AND EACH OTHER SECURED LENDER
IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH
ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH TEXAS STATE COURT OR,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT.
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EACH GRANTOR, THE SECURED PARTY AND EACH OTHER SECURED LENDER BY ACCEPTANCE
HEREOF, AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE
CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR
IN ANY OTHER MANNER PROVIDED BY LAW.
NOTHING IN THIS AGREEMENT OR IN ANY OTHER
LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE SECURED PARTY, ANY OTHER SECURED
LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY GRANTOR OR ITS
PROPERTIES IN THE COURTS OF ANY JURISDICTION.
(c)
EACH GRANTOR,