RESTATED AMENDMENT NO. 1 TO
TERM LOAN AGREEMENT
This Restated Amendment No. 1 to Term Loan Agreement (this
"Amendment") dated as of October 27, 1999 is entered into with
reference to the Term Loan Agreement dated as of May 28, 1998
among Aztar Corporation ("Borrower"), the Lenders party thereto,
and Bank of America National Trust and Savings Association, as
Administrative Agent (the "Loan Agreement") and restates and
replaces Amendment No. 1 to Term Loan Agreement dated as of
October 27, 1999 in order to properly reflect the intent of the
parties thereto. Capitalized terms used but not defined herein
are used with the meanings set forth for those terms in the Loan
Agreement.
Borrower and the Administrative Agent, acting with the
consent of the Requisite Lenders pursuant to Section 11.2 of the
Loan Agreement, agree as follows:
1. Section 6.3. Section 6.3 of the Loan Agreement is
amended by:
(a) striking the words "Closing Date" wherever they
appear (five places) in clause (z) of
Subsection 6.3(a) and substituting for such words the
date "September 27, 1994;"
(b) striking the words "Closing Date" where they
appear (one place) in clause (iii) of
Subsection 6.3(b) and substituting for such words the
date "September 27, 1994;"
(c) striking the words "Closing Date" where they
appear (one place) in clause (iv) of
Subsection 6.3(c) and substituting for such words the
date "September 27, 1994;" and
(d) striking the words "Closing Date" where they
appear (one place) in clause (vii) of
Subsection 6.3(c) and substituting for such words the
date "September 27, 1994."
2. Conditions Precedent. The effectiveness of this
Amendment shall be conditioned upon the receipt by the
Administrative Agent of all of the following, each properly
executed by a Responsible Official of each party thereto and
dated as of the date hereof:
(a) Counterparts of this Amendment executed by
all parties hereto;
(b) Written consent of each of the Significant
Subsidiaries to the execution, delivery and performance
hereof, substantially in the form of Exhibit A to this
Amendment; and
(c) Written consent of the Requisite Lenders as
required under Section 11.2 of the Loan Agreement in the
form of Exhibit B to this Amendment.
3. Representation and Warranty. Borrower represents and
warrants to the Administrative Agent and the Lenders that no
Default or Event of Default has occurred and remains continuing.
Confirmation. In all other respects, the terms of
the Loan Agreement and the other Loan Documents are hereby
confirmed.
IN WITNESS WHEREOF, Borrower and the Administrative Agent
have executed this Amendment as of the date first written above
by their duly authorized representatives.
AZTAR CORPORATION
By: XXXX X. XXXXXXXXX
Xxxx X. Xxxxxxxxx
Treasurer
[Printed Name and Title]
BANK OF AMERICA, N.A. (formerly known as "Bank of America
National Trust and Savings Association"), as Administrative Agent
By: XXXXXX XXXXXXX
Xxxxxx Xxxxxxx
Vice President
Exhibit A to Amendment
CONSENT OF SUBSIDIARY GUARANTORS
Reference is hereby made to that certain Term Loan
Agreement dated as of May 28, 1998 among Aztar Corporation
("Borrower"), the Lenders party thereto, and Bank of America
National Trust and Savings Association, as Administrative Agent
(the "Loan Agreement").
Each of the undersigned hereby consents to the
execution, delivery and performance by Borrower and the
Administrative Agent of Amendment No. 1 to the Loan Agreement.
Each of the undersigned represents and warrants to
the Administrative Agent and the Lenders that there is no
defense, counterclaim or offset of any type or nature to the
Subsidiary Guaranty, and that the same remains in full force
and effect.
Dated: October 27, 1999
HOTEL RAMADA OF NEVADA
By: XXXXXX XXXXXXX
Xxxxxx X. Xxxxxxx
Title: Vice President & Treasurer
AZTAR DEVELOPMENT CORPORATION
By: XXXX X. XXXXXXXXX
Xxxx X. Xxxxxxxxx
Title: Treasurer
AZTAR INDIANA GAMING CORPORATION
By: XXXXXX XXXXXXX
Xxxxxx X. Xxxxxxx
Title: Vice President & Treasurer
AZTAR MISSOURI GAMING CORPORATION
By: XXXXXX XXXXXXX
Xxxxxx X. Xxxxxxx
Title: Vice President & Treasurer
RAMADA NEW JERSEY, INC.
By: XXXX X. XXXXXXXXX
Xxxx X. Xxxxxxxxx
Title: Treasurer
ATLANTIC-DEAUVILLE INC.
By: XXXX X. XXXXXXXXX
Xxxx X. Xxxxxxxxx
Title: Treasurer
ADAMAR GARAGE CORPORATION
By: XXXX X. XXXXXXXXX
Xxxx X. Xxxxxxxxx
Title: Treasurer
RAMADA NEW JERSEY HOLDINGS CORPORATION
By: XXXX X. XXXXXXXXX
Xxxx X. Xxxxxxxxx
Title: Treasurer
MANCHESTER MALL, INC.
By: XXXX X. XXXXXXXXX
Xxxx X. Xxxxxxxxx
Title: Treasurer
RAMADA EXPRESS, INC.
By: XXXXXX XXXXXXX
Xxxxxx X. Xxxxxxx
Title: Vice President & Treasurer
ADAMAR OF NEW JERSEY, INC.
By: XXXX X. XXXXXXXXX
Xxxx X. Xxxxxxxxx
Title: Treasurer
Exhibit B to Amendment
CONSENT OF LENDER
Reference is hereby made to that certain Term Loan
Agreement dated as of May 28, 1998 among Aztar Corporation
("Borrower"), the Lenders party thereto, and Bank of America
National Trust and Savings Association, as Administrative Agent
(the "Loan Agreement").
The undersigned Lender hereby consents to the
execution and delivery of Amendment No. 1 to the Loan Agreement
by the Administrative Agent on its behalf, substantially in the
form of the most recent draft thereof presented to the
undersigned Lender.
Date: October 15, 1999
ARCHIMEDES FUNDING, L.L.C.
[Name of Institution]
By: ING Capital Advisors LLC
as Collateral Manager
By XXXXXXX X. XXXXXX
Xxxxxxx X. Xxxxxx
Managing Director
[Printed Name and Title]
Date: October 15, 1999
ARCHIMEDES FUNDING II, Ltd.
[Name of Institution]
By: ING Capital Advisors LLC
as Collateral Manager
By XXXXXXX X. XXXXXX
Xxxxxxx X. Xxxxxx
Managing Director
[Printed Name and Title]
Date: October 27, 1999
Bank of America, N.A.
[Name of Institution]
By XXXX X. XXXXXX
Xxxx X. Xxxxxx
Vice President
[Printed Name and Title]
Date: October 27, 1999
BLACK DIAMOND CAPITAL MGMT.
[Name of Institution]
By XXXXX XXXXX
Xxxxx Xxxxx - Principal
[Printed Name and Title]
Date: October 25, 1999
XXXXX XXXXX INSTITUTIONAL SENIOR LOAN FUND
BY: XXXXX XXXXX MANAGEMENT
AS INVESTMENT ADVISOR
[Name of Institution]
By PAYSON X. XXXXXXXXX
Payson X. Xxxxxxxxx
Vice President
[Printed Name and Title]
Date: October 25, 1999
SENIOR DEBT PORTFOLIO
By: Boston Management and Research
as Investment Advisor
[Name of Institution]
By PAYSON X. XXXXXXXXX
Payson X. Xxxxxxxxx
Vice President
[Printed Name and Title]
