Credit Agreement (2005)Full Document 

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                                CREDIT AGREEMENT

                                      among

                  SECURUS TECHNOLOGIES, INC., as the Borrower,

        The Subsidiaries of the Borrower party hereto as the Guarantors,

             The financial institutions party hereto as the Lenders,

                     ING CAPITAL LLC, as the Issuing Lender,

                                       and

                  ING CAPITAL LLC, as the Administrative Agent

                                September 9, 2004



                                      INDEX



                                                                                          PAGE
                                                                                          ----
                                                                                       
ARTICLE 1.         DEFINITIONS, ACCOUNTING PRINCIPLES AND OTHER INTERPRETIVE MATTERS....    1
      Section  1.1      Definitions.....................................................    1
      Section  1.2      Accounting Principles...........................................   22
      Section  1.3      Other Interpretive Matters......................................   22
ARTICLE 2.         THE LOANS AND THE LETTERS OF CREDIT..................................   23
      Section  2.1      Extension of Credit.............................................   23
      Section  2.2      Manner of Borrowing and Disbursement of Loans...................   24
      Section  2.3      Interest........................................................   27
      Section  2.4      Fees............................................................   27
      Section  2.5      Prepayment/Reduction of Commitment..............................   28
      Section  2.6      Repayment.......................................................   29
      Section  2.7      Notes; Loan Accounts............................................   30
      Section  2.8      Manner of Payment...............................................   30
      Section  2.9      Reimbursement...................................................   32
      Section 2.10      Pro Rata Treatment..............................................   33
      Section 2.11      Application of Payments.........................................   33
      Section 2.12      Use of Proceeds.................................................   34
      Section 2.13      All Obligations to Constitute One Obligation....................   34
      Section 2.14      Maximum Rate of Interest........................................   34
      Section 2.15      Letters of Credit...............................................   35
      Section 2.16      Hedge Agreements................................................   38
ARTICLE 3.         GUARANTY.............................................................   38
      Section  3.1      Guaranty........................................................   38
      Section  3.2      Special Provisions Applicable to Subsidiary Guarantors..........   42
ARTICLE 4.         CONDITIONS PRECEDENT.................................................   42
      Section  4.1      Conditions Precedent to Initial Advance.........................   42
      Section  4.2      Conditions Precedent to Each Advance............................   45
      Section  4.3      Conditions Precedent to Each Letter of Credit...................   46
ARTICLE 5.         REPRESENTATIONS AND WARRANTIES.......................................   46
      Section  5.1      General Representations and Warranties..........................   46
      Section  5.2      Representations and Warranties Relating to Accounts.............   53





                                                                                          
      Section  5.3      Representations and Warranties Relating to Inventory..............   54
      Section  5.4      Survival of Representations and Warranties, etc...................   54
ARTICLE 6.         GENERAL COVENANTS......................................................   54
      Section  6.1      Preservation of Existence and Similar Matters.....................   54

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