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<br /> Property No. S�/
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<br /> j ASSIGNMENT OF LEASES AND RENTS . -
<br /> J7- 10�'750 =
<br /> : -
<br /> � 1'HIS ASSIGNMENT OF LEASFS AND RENTS (this "Asslgnmen�t"),made as =
<br />- pC the 27th day of March, 1997, by NATI�DNAL AUTO/TRUCKSTOPS, INC., a =
<br />�4,: � , 1�elaware corporation and a wholly owned subsldiary of TRAVELC�NTERS OF _
<br />���;'°� �' I�ME�t[Ct�, INC.� a Delaware sorporation (the "Borrower"), having an address at `
<br /> � � 3100 West End Avenue, Suite 300, NushviAe, TN 37203 ("Asstgnor")to THE CHASE _
<br />-- NLANHA7'TAi�t BANK, as Collateral Agent for ttae Lenders, the Swingline Lender� the =
<br /> .. �runting Bank and the Tranche A Exchange Note Furchasers, having an o�ce at 27� .:
<br /> ` � i. , Ptuk Avenue, New York, New York 10017 ("Asstgnee") (each of the foregoing --
<br />�- . ��' ' capitalized terms, and all ather capitalized ternu tised but not otherwise defined herein _
<br /> ����`.� �" .�tiall have the respecrive meanings given to them in the Mortgage (as heteinafter ;
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<br />�:; �` � defined)). _
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<br />:.z:,�,��'����' �'� � Assignor is the owner of certain real property, with the improvements, certain
<br /> �Li�j' �' �xeures and personal prm�erty located thereon,t�e location of which real property is
<br />��� ., �
<br />�'=-�"�+;��:" � ►nore particularly described in Exhibit A annexed hereto and made a part hereof(all of
<br />�_=�n,�
<br />____—.��i ' such properry es collecrively the "Property").
<br /> --��,�
<br />�"'�'�-�=�� � Pursuant to the Credit Agreement and pursuene to the Tranche A Exchange Note
<br />—�����' l'urchase Agceements, (a) Assignee, the Lenders and the Frondng Bank l�ave loaned or
<br /> -- � ugreed to loan or issue to the Bonower(i) on a te:m i�asis by the Lendets, �'srm Lo�ns
<br /> --,;�;_� '��� in an aggregate principal amount not to exceed SSO,Od0,000, (ii) on a revolving basis my -
<br />�„�� ' the Lenders. Revolving Loans at any time and from time to time prior eo tlae seve�th
<br /> --- � . Anniversary of the date hereof, an aggregate priacipal amount (subjecz so reduction _
<br /> ��.-� :; ; pursuant to ihe terms ar�d provisions of the Credit Agreement) not in excess of
<br /> ---------.--,._ , $40,000.000 (less the amount of any Swingline Loans and Letters of Credit), (iii)o�a a
<br /> —�-°- �� revolving basis by tl;e Swingline Lenfler, Swingllne Loans in an aggregate princip.�1
<br />-°� =°�-___ Amount at any time outstar�ding not i�e:ccess of 55,000,000 and(iv) Letters of Credit by
<br />_, . � tt►e Fronting �iank, upon tsrms and subject to the conditions of the Credit Agreement�
<br /> --=-� � in an aggregate face amoant at any time outstanding not in excess of$20,U00,000, aad
<br /> r;::n:�� (b) the Sranche A Exchange Note Purchasers have agreed to accept $85,SOO,QOm in
<br />�y�� � aggregate principal amaunt of the Bonower's Tranche A Exchange Notes in exchange
<br /> __�.re�M1'u. :
<br /> �= "�'_°'' for(i) $bS,QU0.000 a�gregate principal amount of the outstanding Natio�al Senior Notes _
<br /> LL4'�{�``�'��� �nd(ii) $?.0,500,000 aggregate principal amourrt af the outstanding TA Senior Noees. _
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