PAYABLE IN ACCORDANCE WITH THE AGREEMENTS AND INSTRUMENTS GOVERNING AND
EVIDENCING SUCH OBLIGATIONS.
(N)
TO THE EXTENT THAT ANY RIGHTS AND REMEDIES UNDER THIS SECTION 10.7
WOULD OTHERWISE BE IN VIOLATION OF THE AUTOMATIC STAY OF SECTION 362 OF THE
BANKRUPTCY CODE, SUCH STAY SHALL BE DEEMED MODIFIED, AS SET FORTH IN THE ORDERS,
AS APPLICABLE, TO THE EXTENT NECESSARY TO PERMIT THE ADMINISTRATIVE AGENT TO
EXERCISE SUCH RIGHTS AND REMEDIES.
10.8
The Administrative Agent's Appointment as Attorney-in-Fact.
EACH BORROWER IRREVOCABLY APPOINTS THE ADMINISTRATIVE AGENT ITS TRUE AND LAWFUL
ATTORNEY, WITH FULL POWER OF SUBSTITUTION, IN THE NAME OF SUCH BORROWER, ANY
LENDER OR OTHERWISE, FOR THE SOLE USE AND BENEFIT OF THE LENDERS, BUT AT THE
BORROWERS' EXPENSE, TO THE EXTENT PERMITTED BY LAW TO EXERCISE, AT ANY TIME AND
FROM TIME TO TIME WHILE AN EVENT OF DEFAULT SHALL HAVE OCCURRED AND BE
CONTINUING, ALL OR ANY OF THE FOLLOWING POWERS WITH RESPECT TO ALL OR ANY OF THE
COLLATERAL: (A) TO DEMAND, SUE FOR, COLLECT, RECEIVE AND GIVE ACQUITTANCE FOR
ANY AND ALL MONIES DUE OR TO BECOME DUE UPON OR BY VIRTUE THEREOF, (B) TO
SETTLE, COMPROMISE, COMPOUND, PROSECUTE OR DEFEND ANY ACTION OR PROCEEDING WITH
RESPECT THERETO, (C) TO SELL, LEASE, LICENSE OR OTHERWISE DISPOSE OF THE SAME OR
THE PROCEEDS OR AVAILS THEREOF, AS FULLY AND EFFECTUALLY AS IF THE
ADMINISTRATIVE AGENT WERE THE ABSOLUTE OWNER THEREOF, AND (D) TO EXTEND THE TIME
OF PAYMENT OF ANY OR ALL THEREOF AND TO MAKE ANY ALLOWANCE OR OTHER ADJUSTMENT
WITH REFERENCE THERETO.
10.9
Release of Collateral.
(A)
THE LIENS GRANTED PURSUANT TO THIS AGREEMENT SHALL AUTOMATICALLY
TERMINATE, AND ALL THE COLLATERAL SHALL BE AUTOMATICALLY RELEASED, WITHOUT
FURTHER ACTION BY THE ADMINISTRATIVE AGENT AND WITHOUT ANY FURTHER NOTICE OR
CONSENT TO OR OF ANY LENDER, ON THE TERMINATION DATE.
(B)
IMMEDIATELY UPON (I) ANY SALE, TRANSFER, CONVEYANCE, ASSIGNMENT OR
OTHER DISPOSITION BY ANY BORROWER OF ANY COLLATERAL PERMITTED BY THIS AGREEMENT
(OR PURSUANT TO A VALID WAIVER OR CONSENT TO ANY TRANSACTION OTHERWISE
PROHIBITED BY THIS AGREEMENT), (II) ANY PLEDGED COLLATERAL BEING CANCELLED,
REPLACED OR REPAID IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT, SUCH
COLLATERAL SHALL BE AUTOMATICALLY RELEASED FROM THE SECURITY INTEREST GRANTED
PURSUANT TO THIS AGREEMENT AND THE LIEN ON SUCH COLLATERAL IN FAVOR OF THE
ADMINISTRATIVE AGENT, FOR ITSELF AND FOR THE BENEFIT OF THE LENDERS, SHALL
AUTOMATICALLY TERMINATE (AND, IF SUCH
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COLLATERAL CONSISTS OF ALL OF THE EQUITY INTERESTS IN LYNX SOLD PURSUANT TO
SECTION 6.8(M), LYNX SHALL BE RELEASED FROM ITS GUARANTY) IN EACH CASE WITHOUT
FURTHER ACTION BY THE ADMINISTRATIVE AGENT AND WITHOUT ANY FURTHER NOTICE OR
CONSENT TO OR OF ANY LENDER.
(C)
AT THE REQUEST OF THE BORROWER, THE ADMINISTRATIVE AGENT SHALL,
AND EACH OF THE SECURED PARTIES HEREBY AUTHORIZES AND DIRECTS THE ADMINISTRATIVE
AGENT (WITHOUT ANY FURTHER NOTICE OR CONSENT TO OR OF ANY SECURED PARTY) TO,
SUBORDINATE, AS REASONABLY REQUESTED BY THE HOLDERS OF ANY LIEN GRANTED AFTER
THE CLOSING DATE AND PERMITTED