Exhibit 4.24
FIRST AMENDMENT TO CASH COLLATERAL AND
DISBURSEMENT AGREEMENT
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THIS FIRST AMENDMENT TO CASH COLLATERAL AND DISBURSEMENT AGREEMENT
(this "Amendment") is made and entered into as of the 1st day of January, 2000,
to be effective for all purposes as of August 10, 1999 (the "Effective Date"),
by and among SHREVEPORT CAPITAL CORPORATION, HOLLYWOOD CASINO SHREVEPORT, FIRST
AMERICAN TITLE INSURANCE COMPANY and STATE STREET BANK AND TRUST COMPANY.
RECITALS
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WHEREAS, the parties previously have entered a Cash Collateral and
Disbursement Agreement dated August 10, 1999 (the "Agreement"); and
WHEREAS, the parties desire to amend the Agreement as set forth
in this Amendment;
AGREEMENT
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NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
(g) Amendment to Section 5. Effective as of the Effective Date,
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Section 5 of the Agreement is hereby amended by deleting the
reference to "September 1, 1999" in the first sentence thereof and
replacing it with a reference to "February 1, 2000".
(h) Choice of Law. The existence, validity, construction, operation
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and effect of any and all terms and provisions of this Amendment
shall be determined in accordance with and governed by the laws of
the State of New York.
(i) Counterparts. This Amendment may be executed in one or more
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counterparts, each of which shall be deemed an original but all of
which together shall constitute one and the same instrument.
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IN WITNESS WHEREOF, the parties have executed this Amendment as
of the date first above written.
SHREVEPORT CAPITAL CORPORATION
By: /s/ Xxxx X. Xxxxx
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Name: Xxxx X. Xxxxx
Title: Executive Vice President,
Chief Financial Officer,
Treasurer and Assistant
Secretary
HOLLYWOOD CASINO SHREVEPORT
By: HCS I, Inc., its managing general partner
By: /s/ Xxxx X. Xxxxx
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Name: Xxxx X. Xxxxx
Title: Executive Vice President, Chief
Financial Officer, Treasurer and
Assistant Secretary
FIRST AMERICAN TITLE INSURANCE
COMPANY
By: /s/ Xxxxx X. Xxxxxxxxxxxx
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Name: Xxxxx X. Xxxxxxxxxxxx
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Title: Underwriting Counsel
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STATE STREET BANK AND TRUST
COMPANY
By: /s/ Xxxxxx X. Xxxx
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Name: Xxxxxx X. Xxxx
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Title: Vice President
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