Payphones. As of January 10, 2002, Davel has good and marketable title to at least 54,000 installed payphones, all of which, except for those specifically described in Section 5.24 of the Davel Disclosure Letter, are operational and which, except for those payphones further specifically described in Section 5.24 of the Davel Disclosure Letter, are subject to enforceable Davel Site Location Agreements with Location Owners. Davel's good faith estimate of the average remaining term of the Davel Site Location Agreements is 24 months.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization and Merger (Davel Communications Inc), Agreement and Plan of Reorganization and Merger (Phonetel Technologies Inc)