Exhibit 10.10
GB HOLDINGS, INC.
March 23, 2004
Ealing Corp.
c/o Icahn Associates Corp.
000 0xx Xxxxxx, 00xx xxxxx
Xxx Xxxx, XX 00000
Gentlemen:
Pursuant to the terms of the Commitment Letter, dated January 30, 2004, we
hereby request that you begin preparation of the definitive loan documents and
security documents (collectively, the "Definitive Agreements"), based upon the
terms set forth therein. We also request that you agree to extend the term of
the Commitment Letter from April 1, 2004, to May 1, 2004. The execution of the
Definitive Agreements is subject to the approval of each of us.
In connection with our request to commence the drafting of the Definitive
Agreements, we hereby undertake to reimburse you for all costs and expenses
incurred in the preparation, negotiation, execution and filing of the Definitive
Agreements.
We look forward to receiving your drafts and commencing negotiations at your
earliest convenience.
Very truly yours,
GB HOLDINGS, INC.
/s/ Xxxxxxx Xxxxxxxx
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Name: Xxxxxxx Xxxxxxxx
Title: Interim Vice President, Chief
Financial Officer, Principal
Accounting Officer
Receipt Acknowledged and Agreed:
EALING CORP.
/s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
Title: Vice President
