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<br /> � 97'- �,ax�o �
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<br /> �,,�,;a. _ AEED OF TRUST, SECURITY AGRBEMENT
<br /> ANu ASSI�NMENT OF I.ERSES AND RENTS �
<br /> . ..� � .
<br /> THIS DEED OF TRUST, SBCURITY AGREEMENT AND
<br /> � �: � ASSIGNMENT OF LEASES AND RENTS dAted as of March 27, �•�.
<br /> ' x��� 1997(tt►is "Deed of Trust"), by NATIONAL AUTO/TRUCKSTOP5, ��
<br /> ,�;
<br /> INC., a Delaware corporadon,having an office at 3100 West End �_:
<br /> � , � Ave., Suite 300, Nashville, TN 37203 (the"(3rantor"),to FIRST _-
<br /> AIvIERI�AI�T TITLE INSURANC�COMPANY (the "Trustee") for �;:
<br /> the benefit of THE CHASE MANHATTAN ("Chase"), as Collateral �
<br /> Agent for the Agent. thc Lenders, the Swingline Lender, the Fronung
<br /> ' Bank and the Tranche A Exchange Note Purchasers(all such terms as �,`.
<br /> , : f defined herein), having an office at 270 Park Avenue. New York, �,
<br /> �,..-t New York 10017 (the "Beneficiary"); �;
<br /> ,``, :',r m_
<br /> .`„ '' WITNE53ETH THAT: �:
<br /> ' � _,!:;�_� A. Pursuanc to the Credit Agreement amung TravelCenters of America, Inc. _
<br />�`°��:�"?'•�� � • (the "Horrower"), the Lenders, and Chase, as Agent,85 JWlilf�'IIIIB I.ZR�::r a.^.d as Fr�n*.ing _
<br /> ,;"���;--.� � Bank, dated as of March 21, 1997 (the "Credit Agreement"), and pursuant to the several
<br />-;_�'••{ • �� � Senior Secured Note Exchs�nQe Agreements, each dated as of March 21, 1997,among ths
<br /> ��'.� •:!�>;;•� Borrower and the Tranche A Exchange Note Purcl�asers llsted on Schedule I thsrero(°tho
<br />'':���:;I�`.;;n;':'�� Teanche A Exchange Note F'urchase Agreements"), (a)Beneficisry, the Lenders. tho
<br />'�`Y��•'>>'"� S�vin line Lender and the Fronting Bank,res�ectively, have loaned or asreed t� loan or issue
<br />,: ,.1�5 t;y,{��` 6
<br /> _=;��;:-.�, _ to the Horrower (i)on a term basis by the L.enders, Term Loans in an a�resate principal
<br /> -::-�`-�'�-�'_� � amount not to exceed$80.000,000, (Ii)on a revolving basts by the I.enders, Revolving Loans
<br />- _ ��-�= at any timc and from time to time prior to the seventh anniversary�f the date hareof� an
<br /> _ ���+�� � aggregate principal amount(subject ro reduction pursuant to the tern�s and provisions of the
<br /> --- Credit Agreement)not in excess of$40.000,000 (less tht amount of uny Swingline Loans and
<br /> -����Y�'�� ; Letters of Credit),(iii)on a revolving basis by the Swingline I.ender, Swingline Loans in an
<br />-'-'�b�`�' aggregate principal amouilt ut any time not in excess of$S,OQU,040 end ({v) Letters of Gcallt
<br /> `-��`� by the Frontin� Banlc,uy�on terms and subjcct to the condidons of the Credit Agreement,in
<br /> �°'_°'�"-""'� , an ag�regate face amount at any dme outstanding not in excess of$20�Q00,000, and(b) said
<br /> =y��' `° � Tranche A Exchange Note Purchasers have agreed to accept SSS,SOO,OOU in aggregate
<br /> v��-��`-�°� , principal amount of the Tranche A Exchange Notes in exchange for(i)$65,UU0,000 a�regate
<br /> -_��R� principal amount of the outstan d i ng N a t i o n a l S e n i o r N o te s and(ii)$20,S00,000 aggregate
<br /> -_��w i�t�•� principal amount of the outstanding TA Senior Notes. Capitalized terms used herein and not
<br /> -=-� deflned herein shall have thc meanings set forth in the Credit Agreement.
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