Exhibit 10.7
AMENDMENT No. 2
Dated as of November 27, 2001
To
AGREEMENT FOR LEASE
among
TCA Network Funding, Limited Partnership,
as Owner
and
TA Operating Corporation,
as Agent
This Amendment No. 2 has been manually executed in 8 counterparts, numbered
consecutively from 1 through 8, of which this is No. __. To the extent, if any,
that this Amendment No. 2 constitutes chattel paper (as such term is defined in
the Uniform Commercial Code as in effect in any jurisdiction), no security
interest in this Amendment No. 2 may be created or perfected through the
transfer or possession of any counterpart other than the original counterpart
which shall be the counterpart identified as counterpart No. 2.
This Amendment No. 2 dated as of November 27, 2001 to
Agreement for Lease ("AMENDMENT NO.2"), among TCA NETWORK FUNDING, LIMITED
PARTNERSHIP, a Delaware limited partnership ("OWNER"), and TA OPERATING
CORPORATION ( "AGENT") (successor by merger of TA Operating Corporation and
National Auto/Truckstops, Inc. ("NATIONAL")), a Delaware corporation, amending
the Agreement for Lease referred to below.
WHEREAS, Owner, Agent and National have heretofore entered
into an Agreement for Lease, dated as of September 9, 1999, and Owner and Agent
have entered into an Amendment No. 1 dated November 13 2000 (as the same may
hereafter be further amended, modified, supplemented or restated, the "AGREEMENT
FOR LEASE"); and
WHEREAS, Agent, by letter dated as of September __, 2001,
exercised its right to substitute certain property located in Tampa, Florida for
the Unit Premises located in Laredo, Texas; and
WHEREAS, Owner and Agent wish to amend the Agreement for
Lease as hereinafter provided,
NOW, THEREFORE, Owner and Agent hereby agree that the
Agreement for Lease is amended as follows:
1. Capitalized terms used but not defined herein shall have
the meanings assigned to such terms in the Agreement for Lease.
2. Section 2.2 (b) of the Agreement for Lease is deleted in
its entirety and replaced with the following:
(b) the maximum aggregate cost for the acquisition of
all Units and the construction of Unit Improvements
thereon and the cost (including installation) of all
Unit FF&E therein shall be no more than $72,000,000.
3. The definition of "Unit Completion Date" is hereby
deleted in its entirety and replaced with the following:
With respect to each Unit subject hereto (other than
the Unit Premises located at Seville, Ohio and Tampa,
Florida), twenty-four (24) months from the date of
this Agreement and, with respect to the Unit Premises
located at Seville, Ohio thirty (30) months from the
date of this Agreement and, with respect to the Unit
Premises located at Tampa, Florida thirty-six (36)
months from the date of this Agreement, unless such
Unit Completion Date is extended by any Force Majeure
Delay.
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4. Except as provided herein, all provisions, terms and
conditions of the Agreement for Lease shall remain in full force and effect. As
amended hereby, the Agreement for Lease is ratified and confirmed in all
respects.
5. THIS AMENDMENT NO. 2 SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
6. This Amendment No. 2 may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed to be an original and all
of which taken together shall constitute but one and the same instrument.
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment No. 2 to be duly executed as of the date first above written.
TCA Network Funding, Limited Partnership
By: TCA Network Capital, Inc.,
its General Partner
By: /s/ Xxxxxxx X. Xxxx
------------------------------------
Name: Xxxxxxx X. Xxxx
Title: Vice President
TA Operating Corporation
By: /s/ Xxxxx X. Xxxxxx
------------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Senior Vice President & CFO
