First Supplemental Indenture
dated as of May 18, 1999
with respect to:
13-1/4% FIRST MORTGAGE NOTES DUE 2004
INDENTURE
Dated as of June 5, 1996
ARGOSY GAMING COMPANY,
as Issuer
THE GUARANTORS NAMED THEREIN
BANK ONE TRUST COMPANY, NA,
as successor Trustee to First National Bank of Commerce
FIRST SUPPLEMENTAL INDENTURE dated as of May 18, 1999 (this "Supplemental
Indenture") between ARGOSY GAMING COMPANY, a Delaware corporation (the
"Company"), ALTON GAMING COMPANY, an Illinois corporation, ARGOSY OF LOUISIANA,
INC., a Louisiana corporation, CATFISH QUEEN PARTNERSHIP IN COMMENDAM, a
Louisiana partnership, THE INDIANA GAMING COMPANY, an Indiana corporation, IOWA
GAMING COMPANY, an Iowa corporation, JAZZ ENTERPRISES, INC., a Louisiana
corporation, THE MISSOURI GAMING COMPANY, a Missouri corporation and THE ST.
LOUIS GAMING COMPANY, a Missouri corporation, as Guarantors (the "Guarantors")
and BANK ONE TRUST COMPANY, NA, a national banking association organized under
the laws of the United States, as trustee (the "Trustee") for the securities
issued under the Indenture dated as of June 5, 1996 (the "Indenture") among the
Company, the Guarantors and the Trustee, as successor trustee to First National
Bank of Commerce.
RECITALS
A. Pursuant to and in accordance with the terms of the Indenture dated
as of June 5, 1996, the Company established and issued debt securities
denominated as the "13-1/4% First Mortgage Notes due 2004" (the "Notes") and
entered into the related security documents (the "Security Documents"). Notes in
the aggregate principal amount of $234,976,000 are outstanding on the date of
this Supplemental Indenture.
B. In accordance with Section 10.2 of the Indenture, the Company has
obtained the written consent of the holders of Notes representing not less than
85% in principal amount of the outstanding Notes to certain amendments to the
Indenture and Security Documents.
NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:
For and in consideration of the premises herein contained and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, it is mutually covenanted and agreed as follows:
AGREEMENTS
Section 1. DEFINED TERMS. Capitalized terms not otherwise defined herein
shall have the meanings ascribed to them in the Indenture.
Section 2. CONDITION TO EFFECTIVENESS, OPERATIVE DATE. This
Supplemental Indenture shall become effective as of the date hereof. The
terms of this Supplemental Indenture will become operative only upon
acceptance by the Company for payment of tendered Notes pursuant to the terms
of the Company's Offer to Purchase and Consent Solicitation Statement dated
May 5, 1999, as such offer may be amended from time to time. The date that
this Supplemental Indenture becomes operative shall be denominated herein as
the "Operative Date."
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Section 3. AMENDMENT TO INDENTURE.
(a) The Indenture is hereby amended by deleting therefrom the following
provisions in their entirety:
------------------------- -------------------------------------------------
EXISTING SECTION NUMBER CAPTION
------------------------- -------------------------------------------------
Section 5.3 Limitation on Restricted Payments
------------------------- -------------------------------------------------
Section 5.5 Payment of Taxes and Other Claims
------------------------- -------------------------------------------------
Section 5.6 Maintenance of Insurance
------------------------- -------------------------------------------------
Section 5.8 Reports
------------------------- -------------------------------------------------
Section 5.9 Waiver of Stay, Extension or Usury Laws
------------------------- -------------------------------------------------
Section 5.10 Limitation on Transactions with Affiliates
------------------------- -------------------------------------------------
Section 5.11 Limitation on Incurrence of Additional
Indebtedness and Disqualified Capital Stock
------------------------- -------------------------------------------------
Section 5.12 Limitation on Dividends and Other Payment
Restrictions Affecting Subsidiaries
------------------------- -------------------------------------------------
Section 5.13 Limitation on Liens Securing Indebtedness
------------------------- -------------------------------------------------
Section 5.14 Limitation on Sale of Assets and Subsidiary Stock
------------------------- -------------------------------------------------
Section 5.15 Limitation on Use of Proceeds
------------------------- -------------------------------------------------
Section 5.16 Repurchase of Notes on Certain Project Delays
------------------------- -------------------------------------------------
Section 5.17 Repurchase of Notes in Connection with Sale of
Lawrenceburg Interest
------------------------- -------------------------------------------------
Section 5.18 Repurchase of Notes in Connection with
Repayment of Lawrenceburg Investment
------------------------- -------------------------------------------------
Section 5.19 Repurchase of Notes on Loss of Material Casino
------------------------ --------------------------------------------------
Section 5.20 Limitation on Activities of The Indiana
Gaming Company and Indiana Gaming L.P.
------------------------- -------------------------------------------------
Section 5.21 Limitation on Lines of Business
------------------------- -------------------------------------------------
Section 5.22 Limitation on Status as Investment Company
------------------------- -------------------------------------------------
Section 5.23 Future Subsidiary Guarantors
------------------------- -------------------------------------------------
Section 5.24 Rule 144A Information Requirement;
------------------------- -------------------------------------------------
Section 6.1 Limitation on Merger, Sale or Consolidation
------------------------- -------------------------------------------------
Section 13.1 Guarantee
------------------------- -------------------------------------------------
Section 13.2 Execution and Delivery of Guarantee
------------------------- -------------------------------------------------
Section 13.3 Certain Bankruptcy Events
------------------------- -------------------------------------------------
Section 13.4 Release of Guarantee
------------------------- -------------------------------------------------
Section 13.5 Future Guarantors
------------------------- -------------------------------------------------
(b) The Indenture is hereby amended by deleting therefrom subsections
(b) and (c) of Section 5.7 captioned "Compliance Certificate; Notice of
Default."
(c) The Indenture is hereby amended by deleting therefrom subsections
(6), (7) and (9) of Section 7.1 captioned "Events of Default."
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(d) Each of the following provisions of the Indenture is hereby
renumbered as indicated below:
------------------------ -------------------- ----------------------------------
EXISTING SECTION NUMBER NEW SECTION NUMBER CAPTION
------------------------ -------------------- ----------------------------------
5.4 5.3 Corporate Existence
------------------------ -------------------- ----------------------------------
5.7 5.4 Compliance Certificate; Notice of
Default"
------------------------ -------------------- ----------------------------------
7.1(8) 7.1(6)
------------------------ -------------------- ----------------------------------
14.1 13.1 TIA Controls
------------------------ -------------------- ----------------------------------
14.2 13.2 Notices
------------------------ -------------------- ----------------------------------
14.3 13.3 Communications by Holders with
Other Holders
------------------------ -------------------- ----------------------------------
14.4 13.4 Certificate and Opinion as to
Conditions Precedent
------------------------ -------------------- ----------------------------------
14.5 13.5 Statements Required in Certificate
or Opinion
------------------------ -------------------- ----------------------------------
14.6 13.6 Rules by Trustee, Paying Agent,
Registrar
------------------------ -------------------- ----------------------------------
14.7 13.7 Legal Holidays
------------------------ -------------------- ----------------------------------
14.8 13.8 Governing Law
------------------------ -------------------- ----------------------------------
14.9 13.9 No Adverse Interpretation of Other
Agreements
------------------------ -------------------- ----------------------------------
14.10 13.10 No Recourse against Others
------------------------ -------------------- ----------------------------------
14.11 13.11 Successors
------------------------ -------------------- ----------------------------------
14.12 13.12 Duplicate Originals
------------------------ -------------------- ----------------------------------
14.13 13.13 Severability
------------------------ -------------------- ----------------------------------
14.14 13.14 Table of Contents, Headings, Etc.
------------------------ -------------------- ----------------------------------
(e) Any definitions used exclusively in the deleted provisions of the
Indenture set forth in paragraphs (a), (b) and (c) of this Section 3 are hereby
deleted in their entirety from the Indenture.
Section 4. CONSENT TO CREATION OF ADDITIONAL LIENS. In accordance with
Section 10.2 of the Indenture, the Trustee hereby consents to the creation of
additional liens on the collateral securing the Company's obligations under the
Notes in favor of the lenders under the Company's contemplated new credit
facility.
Section 5. EFFECTIVE DATE AND OPERATIVE DATE OF THIS SUPPLEMENTAL
INDENTURE. This Supplemental Indenture shall be effective as of the date hereof
and shall be operative as of the Operative Date.
Section 6. INDENTURE RATIFIED. Except as hereby otherwise expressly
provided, the Indenture is in all respects ratified and confirmed, and all the
terms, provisions and conditions thereof shall be and remain in full force and
effect.
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Section 7. COUNTERPARTS. This Supplemental Indenture may be executed
in any number of counterparts, each of which shall be an original, but such
counterparts shall together constitute but one and the same instrument.
Section 8. SUPPLEMENTAL INDENTURE IS AN AMENDMENT TO INDENTURE. This
Supplemental Indenture is an amendment to the Indenture. The Indenture and
this Supplemental Indenture shall be read together from and after the
Operative Date.
Section 9. GOVERNING LAW. This Supplemental Indenture shall be
governed by and construed in accordance with the internal laws of the State
of New York.
[signature pages follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the day and year first above written.
ARGOSY GAMING COMPANY, as Issuer
By: /s/ Xxxxx X. Xxxxx
----------------------------------
Name: Xxxxx X. Xxxxx
Title: President and Chief Executive
Officer
XXXXX GAMING COMPANY, as Guarantor
By: /s/ Xxxxx X. Xxxxx
----------------------------------
Name: Xxxxx X. Xxxxx
Title: President and Chief Executive
Officer
ARGOSY OF LOUISIANA, INC., as Guarantor
By: /s/ Xxxxx X. Xxxxx
----------------------------------
Name: Xxxxx X. Xxxxx
Title: President and Chief Executive
Officer
CATFISH QUEEN PARTNERSHIP
IN COMMENDAM, as Guarantor
By: ARGOSY OF LOUISIANA, INC.,
its General Partner
By: /s/ Xxxxx X. Xxxxx
----------------------------------
Name: Xxxxx X. Xxxxx
Title: President and Chief Executive
Officer
THE INDIANA GAMING COMPANY, as Guarantor
By: /s/ Xxxxx X. Xxxxx
----------------------------------
Name: Xxxxx X. Xxxxx
Title: President and Chief Executive
Officer
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IOWA GAMING COMPANY, as Guarantor
By: /s/ Xxxxx X. Xxxxx
----------------------------------
Name: Xxxxx X. Xxxxx
Title: President and Chief Executive
Officer
JAZZ ENTERPRISES, INC. , as Guarantor
By: /s/ Xxxxx X. Xxxxx
----------------------------------
Name: Xxxxx X. Xxxxx
Title: President and Chief Executive
Officer
THE MISSOURI GAMING COMPANY, as Guarantor
By: /s/ Xxxxx X. Xxxxx
----------------------------------
Name: Xxxxx X. Xxxxx
Title: President and Chief Executive
Officer
THE ST. LOUIS GAMING COMPANY, as Guarantor
By: /s/ Xxxxx X. Xxxxx
----------------------------------
Name: Xxxxx X. Xxxxx
Title: President and Chief Executive
Officer
BANK ONE TRUST COMPANY, NA, as Trustee
By: /s/ Xxxxx X. Xxxxxxxx
----------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: Vice President and Trust
Officer
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