Document:

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                                                                  EXHIBIT  10.24

                         [Letterhead of Bank One, N.A.]

July 27, 2001

                  NOTICE OF DECLARATION OF ACCELERATION DUE TO
                                EVENT OF DEFAULT
              TO THE HOLDERS OF THE HALLWOOD GROUP INCORPORATED 10%
                                COLLATERALIZED
                            SUBORDINATED DEBENTURES
                               (THE "DEBENTURES")

CUSIP affected:   406364AH2

NOTE: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE
REGISTERED AND BENEFICIAL OWNERS OF THE SUBJECT SECURITIES. IF APPLICABLE, ALL
DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE
REQUESTED TO EXPEDITE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A
TIMELY MANNER.

Dear Debenture Holder:

Bank One, NA, serves as Trustee (the "Trustee") under an Indenture (the
"Indenture") dated as of August 31, 1998 between The Hallwood Group Incorporated
(the "Company") and the Trustee. The Trustee provides this Notice to the holders
of the above captioned Debentures (the "Holders").

EVENTS OF DEFAULT

The Trustee hereby notifies the Holders of Events of Default under Section 501
of the Indenture. Under Section 501(e)(ii)(A), an Event of Default occurs if the
Company or its subsidiaries is subjected to a case, proceeding, or other action
seeking, among other things, appointment of a receiver for all or any
substantial part of its assets for the benefit of its creditors which results in
any such appointment. Additionally, failure to notify the Trustee of a default
or event of default within five business day of its occurrence as required by
section 1107 of the Indenture is an Event of Default under Section 501(c) of the
Indenture.

In December 2000, The Hallwood Group Incorporated decided to discontinue and
dispose of its hotel properties. In disposing of these properties during the
first quarter of 2001, the Company allowed

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its non-recourse debt holders to initiate foreclosure proceedings on three of
its owned hotels. During the foreclosure proceedings the Company's lenders
placed Hallwood Hotels, Inc. and Brock Suite Hotels, Inc. into receivership.
Hallwood Hotels and Brock Suite Hotels are both subsidiaries of the Company.
Accordingly, the subsidiaries' placement into receivership results in an Event
of Default under Section 501(e)(ii) of the Indenture. Furthermore, the Company's
failure to notify the Trustee of this Event of Default within 5 business days of
its occurrence results in an Event of Default under Section 501(c) of the
Indenture.

ACCELERATION OF PRINCIPAL AND INTEREST PAYMENTS

According to Section 502 of the Indenture, acceleration of the Debentures occurs
automatically upon the happening of an Event of Default under Section
501(e)(ii)(A) of the Indenture regardless of whether the Trustee or the Holders
declare such acceleration. Accordingly, because an Event of Default under
Section 501(e)(ii)(A) has occurred, the outstanding principal of the Debentures
together with any accrued interest is immediately due and payable.

WAIVER, RESCISSION AND DIRECTION TO THE TRUSTEE

While acceleration occurs automatically in the case of an Event of Default under
Section 501(e)(ii)(A), the Indenture provides the Debenture Holders with the
option to waive the Event of Default and to rescind and annul the acceleration
and its consequences.

The Trustee has notified the Company that acceleration occurred automatically in
the case of the Event of Default under Section 501(e)(ii)(A). Section 513 of the
Indenture provides that the Holders of a majority of the outstanding principal
amount of the Debentures (the "Majority Holders") may waive the Event of Default
and its consequences on behalf of all of the Holders. Under Section 502 of the
Indenture, if the Event of Default is waived and certain other requirements
(including but not limited to (i) payments of all principal premium and interest
due otherwise than by acceleration; (ii) payment of all amounts due and owing to
the Trustee and its agents and counsel; and (iii) cure or waiver of all other
Events of Defaults under the Indenture) are met, the Majority Holders may
rescind and annul the acceleration and its consequences. Section 502 rescission
requires that the Majority Holders contact the Company and the Trustee in
writing in order to rescind.

It is the Trustee's understanding that the Company will be contacting you
separately to request a rescission of the acceleration under the terms of
Section 502 of the Indenture and waiver of the events of Default under Section
513 of the Indenture.

THE TRUSTEE IS NOT REQUIRED UNDER THE INDENTURE TO RECOMMEND WHAT ACTION THE
HOLDERS SHOULD TAKE IN REGARDS TO THE EVENT OF DEFAULT AND THE RESULTANT
ACCELERATION. THE HOLDERS MAKE THE DETERMINATION OF WHAT ACTION TO TAKE ONLY ON
AN INDIVIDUAL BASIS UPON THE ADVICE OF THEIR OWN FINANCIAL AND LEGAL ADVISORS.
THE TRUSTEE MAKES NO REPRESENTATIONS AS TO THE ACCURACY OF THE INFORMATION
CONTINUED IN ANY MATERIALS THE COMPANY SENDS TO THE HOLDERS SOLICITING THEIR
CONSENT TO RESCISSION OF THE ACCELERATION AND WAIVER OF THE EVENTS OF DEFAULT.

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According to Section 512 of the Indenture, the Majority Holders have the right
to direct the Trustee as to the time, method and place of conducting any
proceedings for any remedy available to the Trustee or exercising any trust or
power conferred on the Trustee.

RETENTION OF COUNSEL

The Trustee has retained the law firm of Vinson and Elkins, L.L.P. to represent
it in connection with the Event of Default. The firm's address is 2300 First
City Tower, 1001 Fonnin, Houston, TX 77002. The principal contact of Trustee's
counsel is Patricia Hunt Holmes and her phone number is (713)758-1018.

                             TRUSTEE'S MAILING LIST

The Trustee is sending this Notice to persons identified as Holders by State
Street Bank and Trust Company, as Securities Registrar for the 10% Debentures or
identified by DTC as being a beneficial owner of the 10% Debentures. The Trustee
is not required by the Indenture to send Notice to persons other than Registered
Holders. Nevertheless, we realize that many of the 10% Debentures are held or
registered in names other than the actual names of the beneficial owners. In
order to facilitate future communications between the Trustee and the owners and
for the purpose of receiving direction from the Holders, the Trustee requests
Holders of the Debentures who have not already done so to identify themselves by
sending a letter or postcard to the Trustee stating the Holder's name, address,
and telephone number, and listing the Debentures held by them and the numbers
and denominations thereof. Individual holders of the Debentures in registered
form who already have identified themselves to the Trustee and also have not
changed their address or telephone number need not do so again. Beneficial
Owners may want to consider having their Debentures registered in their name.

COMMUNICATIONS TO TRUSTEE

If you wish to contact us regarding the Debentures or the contents of this
Notice we ask that you do so in writing directed to:

                           Bank One, N.A.
                           OH1-0181
                           100 East Broad Street
                           Columbus, OH  43271-0181
                           Attention: Eamon Fahey, Account Executive
                           (614) 248-5579
                           (614) 248-5195 (FAX)

Very truly yours,
BANK ONE, NA<PAGE>   1

                                                                   EXHIBIT 10.82

                  As of April 30, 2001

EZCORP, INC.
1901 Capital Parkway
Austin, Texas  78746

         Re: Requested Waivers of Sections 2.13(b), 4.3(e) and 4.2 of the Credit
Agreement

Gentlemen:

         Reference is hereby made to that certain Amended and Restated Credit
Agreement dated as of December 15, 2000 (as the same has been amended,
supplemented or modified from time to time, the "Credit Agreement"), among
EZCORP, INC., a Delaware corporation (the "Borrower"), each of the Lenders and
Wells Fargo Bank Texas, National Association, as Agent for itself and the other
Lenders and as the Issuing Bank. All capitalized terms used and not otherwise
defined herein shall have their respective meanings as set forth in the Credit
Agreement.

         The Borrower has notified the Agent and the Lenders that on March 30,
2001, Net Proceeds from the sale of certain computer equipment in the amount of
$828,883.66 (the "Computer Sales Net Proceeds") were applied to the reduction of
the Tranche B Loan notwithstanding the provisions of Section 2.13(b) of the
Credit Agreement (such application of computer sales of the Net Proceeds to the
Tranche B Loan is hereinafter referred to as the "Computer Sales Tranche B
Application"). The Borrower has requested of the Agent and the Lenders that they
agree with the Borrower (i) to waive the application of Section 2.13(b) of the
Credit Agreement to the Computer Sales Net Proceeds, and (ii) that such Computer
Sales Tranche B Application be permitted to remain (the hereinabove requested
waiver is hereinafter referred to as the "Computer Sales Waiver").

         The Borrower has further notified the Agent and the Lenders it was able
to comply with the provisions of Section 4.3(f)(i) of the Credit Agreement to
reduce the outstanding principal balance of the Tranche B Loan to $20,500,000 by
virtue of a drawing of the Tranche A Loan to the extent of $3,289,542.15
thereof. The Borrower has further notified the Agent and the Lenders that during
the month of April, 2001 it closed sales or other dispositions of (i) Real
Property, all the Net Proceeds of which, were applied to the reduction of the
Tranche B Loan as required by the provisions of Section 4.3(e) of the Credit
Agreement in the amount of $1,846,910.15 (the "Realty Net Proceeds") and (ii)
computer equipment, all the Net Proceeds of which were also applied to the
reduction of the Tranche B Loan, notwithstanding the provisions of Section
2.13(b) of the Credit Agreement, in the amount of $1,008,372.41 (the "Computer
Net Proceeds") (the Realty Net Proceeds and the Computer Net Proceeds
aggregating $2,855,282.56 are referred to collectively as the "April Net
Proceeds").

         The Borrower has requested of the Agent and the Lenders,
notwithstanding the requirements of Sections 4.3(e) and 2.13(b) of the Credit
Agreement, that the amount of April Net Proceeds be reversed out from having
been applied to the reduction of the Tranche B Loan and instead be applied to
the reduction of the principal balance of the Tranche A Loan (without reducing
the Tranche A Commitment). The Borrower has further requested a waiver of the
requirements of Section 4.2 of the Credit Agreement for the sole purpose of
allowing the voluntary prepayment of the Tranche A Loan requested above by the
amount of April Net Proceeds, notwithstanding such section requiring prepayments
to be in an amount of $1,000,000

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or an integral multiple thereof. The hereinabove requested waivers together with
the Computer Sales Waiver are hereinafter referred to collectively as the
"Requested Waivers".

         The Agent and the Lenders hereby grant the Requested Waivers.

         The Requested Waivers are effective only to the extent specifically
stated above and are limited as specified herein. Except as expressly stated
herein, the Requested Waivers shall not be construed as a consent to or waiver
of any Default which may now exist or hereafter occur or any violation of any
term, covenant or provision of the Credit Agreement or any other Loan Document.
All rights and remedies of the Lenders and the Agent are hereby expressly
reserved with respect to any Default. The Requested Waivers do not affect or
diminish the right of the Agent and the Lenders to require strict performance by
the Borrower and each Guarantor of each provision of any Loan Document to which
it is a party, except as expressly provided herein. All terms and provisions of,
and all rights and remedies of the Agent and the Lenders under, the Loan
Documents shall continue in full force and effect and are hereby confirmed and
ratified in all respects.

         IN ADDITION, TO INDUCE THE AGENT, THE LENDERS AND THE ISSUING BANK TO
AGREE TO THE REQUESTED WAIVERS, BORROWER AND EACH GUARANTOR REPRESENT AND
WARRANT THAT AS OF THE DATE OF THEIR EXECUTION OF THIS LETTER AGREEMENT THERE
ARE NO CLAIMS OR OFFSETS AGAINST OR DEFENSES OR COUNTERCLAIMS TO THEIR
OBLIGATIONS UNDER THE LOAN DOCUMENTS AND IN ACCORDANCE THEREWITH EACH OF THEM:

                  (a) WAIVER. WAIVES ANY AND ALL SUCH CLAIMS, OFFSETS, DEFENSES
         OR COUNTERCLAIMS, WHETHER KNOWN OR UNKNOWN, ARISING PRIOR TO THE DATE
         OF ITS EXECUTION OF THIS LETTER AGREEMENT, AND

                  (b) RELEASE. RELEASES AND DISCHARGES THE AGENT, THE LENDERS
         AND THE ISSUING BANK, AND THEIR RESPECTIVE OFFICERS, DIRECTORS,
         EMPLOYEES, AGENTS, SHAREHOLDERS, AFFILIATES AND ATTORNEYS
         (COLLECTIVELY, THE "RELEASED PARTIES") FROM ANY AND ALL OBLIGATIONS,
         INDEBTEDNESS, LIABILITIES, CLAIMS, RIGHTS, CAUSES OF ACTION OR DEMANDS
         WHATSOEVER, WHETHER KNOWN OR UNKNOWN, SUSPECTED OR UNSUSPECTED, IN LAW
         OR EQUITY, WHICH THE BORROWER OR ANY GUARANTOR EVER HAD, NOW HAS,
         CLAIMS TO HAVE OR MAY HAVE AGAINST ANY RELEASED PARTY ARISING PRIOR TO
         THE DATE HEREOF AND FROM OR IN CONNECTION WITH THE LOAN DOCUMENTS OR
         THE TRANSACTIONS CONTEMPLATED THEREBY AND HEREBY.

         THIS LETTER AGREEMENT EMBODIES THE FINAL, ENTIRE AGREEMENT AMONG THE
PARTIES HERETO RELATING TO THE REQUESTED WAIVERS SET FORTH HEREIN AND SUPERSEDES
ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS,
WHETHER WRITTEN OR ORAL, RELATING TO THE LIMITED WAIVER SET FORTH HEREIN AND MAY
NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR
SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF

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THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO.

         THIS LETTER AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF TEXAS AND THE APPLICABLE LAWS OF THE UNITED STATES
OF AMERICA. This letter agreement may be executed in any number of counterparts
and by different parties on separate counterparts, each of which shall be an
original and all of which taken together shall constitute one and the same
letter agreement. This letter agreement shall not be effective unless and until
the Agent, the Lenders, the Issuing Bank, the Borrower and the Guarantors each
have executed and delivered a counterpart hereof, whereupon this letter
agreement shall be effective as of the date first above written. Signatures
transmitted by facsimile shall be effective as originals.

         By executing this letter agreement in the spaces provided below, (a)
the Agent, the Lenders and the Issuing Bank agree to the terms, conditions and
provisions hereof, (b) the Borrower agrees to the terms, conditions and
provisions hereof, and (c) the Guarantors (i) consent and agree to the Requested
Waivers and the other terms, conditions and provisions hereof, and (ii) agree
that the Guaranties and all other Loan Documents to which the Guarantors,
respectively, are a party are, and shall continue to be, in full force and
effect and are hereby confirmed and ratified in all respects.

                                    AGENT AND LENDERS AND ISSUING BANK:

                                    WELLS FARGO BANK TEXAS, NATIONAL
                                    ASSOCIATION, as Agent and as a Lender and as
                                    Issuing Bank

                                       By:
                                        ----------------------------------------
                                        Name:
                                             -----------------------------------
                                        Title:
                                             -----------------------------------

                                        3
<PAGE>   4

                                    BANK ONE, NA (successor by merger to Bank
                                    One, Texas, National Association)

                                       By:
                                        ----------------------------------------
                                        Name:
                                             -----------------------------------
                                        Title:
                                             -----------------------------------

                                        4
<PAGE>   5

                                    GUARANTY BANK (formerly known as Guaranty
                                    Federal Bank, F.S.B.)

                                       By:
                                        ----------------------------------------
                                        Name:
                                             -----------------------------------
                                        Title:
                                             -----------------------------------

                                        5
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                                    COMERICA BANK-TEXAS

                                       By:
                                        ----------------------------------------
                                        Name:
                                             -----------------------------------
                                        Title:
                                             -----------------------------------

                                        6
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                                    THE CHASE MANHATTAN BANK
                                    (successor by merger to Chase Bank of Texas,
                                    National Association)

                                       By:
                                        ----------------------------------------
                                        Name:
                                             -----------------------------------
                                        Title:
                                             -----------------------------------

                                        7
<PAGE>   8

ACCEPTED AND AGREED TO
as of the date first above written:

BORROWER:

EZCORP, INC.

By:
   ----------------------------------------
   Name:
        -----------------------------------
   Title:
        -----------------------------------

GUARANTORS:

EZPAWN ALABAMA, INC.
EZPAWN ARKANSAS, INC.
EZPAWN COLORADO, INC.
EZPAWN FLORIDA, INC.
EZPAWN GEORGIA, INC.
EZPAWN HOLDINGS, INC.
EZPAWN INDIANA, INC.
EZPAWN LOUISIANA, INC.
EZPAWN NEVADA, INC.
EZPAWN NORTH CAROLINA, INC.
EZPAWN OKLAHOMA, INC.
EZPAWN TENNESSEE, INC.
TEXAS EZPAWN MANAGEMENT, INC.
EZ CAR SALES, INC.
EZPAWN CONSTRUCTION, INC.
EZPAWN KANSAS, INC.
EZPAWN KENTUCKY, INC.
EZPAWN MISSOURI, INC.
EZPAWN SOUTH CAROLINA, INC.
EZCORP INTERNATIONAL, INC.
EZ MONEY NORTH CAROLINA, INC.

By:
   ----------------------------------------
   Name:
        -----------------------------------
   Title:
        -----------------------------------

                                        8
<PAGE>   9

TEXAS EZPAWN L.P.

By:    TEXAS EZPAWN MANAGEMENT, INC.,
       its sole general partner

By:
   ----------------------------------------
   Name:
        -----------------------------------
   Title:
        -----------------------------------

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