CREDIT AGREEMENT among TOWN SPORTS INTERNATIONAL HOLDINGS, INC., TOWN SPORTS INTERNATIONAL, LLC, VARIOUS LENDERS and DEUTSCHE BANK TRUST COMPANY AMERICAS, as ADMINISTRATIVE AGENT Dated as of February 27, 2007 DEUTSCHE BANK SECURITIES INC., as SOLE...Credit Agreement • March 5th, 2007 • Town Sports International Holdings Inc • Services-membership sports & recreation clubs
CREDIT AGREEMENT, dated as of February 27, 2007, among TOWN SPORTS INTERNATIONAL HOLDINGS, INC., a Delaware corporation (“Holdings”), TOWN SPORTS INTERNATIONAL, LLC, a New York limited liability company (the “Borrower”), the Lenders party hereto from time to time, and DEUTSCHE BANK TRUST COMPANY AMERICAS, as administrative agent (in such capacity, the “Administrative Agent”). All capitalized terms used herein and defined in Section 11 are used herein as therein defined.
SUBSIDIARIES GUARANTYSubsidiaries Guaranty • March 5th, 2007 • Town Sports International Holdings Inc • Services-membership sports & recreation clubs
SUBSIDIARIES GUARANTY, dated as of February 27, 2007 (as amended, modified or supplemented from time to time, this “Guaranty”), made by each of the undersigned guarantors (each a “Guarantor” and, together with any other entity that becomes a guarantor hereunder pursuant to Section 26 hereof, the “Guarantors”). Except as otherwise defined herein, capitalized terms used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined.
SECURITY AGREEMENT among TOWN SPORTS INTERNATIONAL, LLC, CERTAIN SUBSIDIARIES OF TOWN SPORTS INTERNATIONAL, LLC and DEUTSCHE BANK TRUST COMPANY AMERICAS, as COLLATERAL AGENT Dated as of February 27, 2007Security Agreement • March 5th, 2007 • Town Sports International Holdings Inc • Services-membership sports & recreation clubs • New York
BORROWER/SUB PLEDGE AGREEMENT among TOWN SPORTS INTERNATIONAL, LLC, VARIOUS SUBSIDIARIES OF TOWN SPORTS INTERNATIONAL, LLC and DEUTSCHE BANK TRUST COMPANY AMERICAS, as PLEDGEE Dated as of February 27, 2007Sub Pledge Agreement • March 5th, 2007 • Town Sports International Holdings Inc • Services-membership sports & recreation clubs • New York
BORROWER/SUB PLEDGE AGREEMENT (as amended, modified or supplemented from time to time, this “Agreement”), dated as of February 27, 2007, among each of the undersigned pledgors (each, a “Pledgor” and, together with any other entity that becomes a pledgor hereunder pursuant to Section 30 hereof, the “Pledgors”) and Deutsche Bank Trust Company Americas, as collateral agent (together with any successor collateral agent, the “Pledgee”), for the benefit of the Secured Creditors (as defined below). Except as otherwise defined herein, all capitalized terms used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined.
