AMENDMENT NO. 3 TO AMENDED AND RESTATED
REDUCING REVOLVING LOAN AGREEMENT
This Amendment No. 3 to Amended and Restated Reducing
Revolving Loan Agreement (this "Amendment") dated as of
October 26, 1999 is entered into with reference to the Amended
and Restated Reducing Revolving Loan Agreement dated as of
May 28, 1998 among Aztar Corporation ("Borrower"), the Banks
party thereto, Bankers Trust Company and Societe Generale, as
Documentation Agents, Bank of Scotland, Credit Lyonnais
Los Angeles Branch and PNC Bank, National Association, as Co-
Agents, and Bank of America National Trust and Savings
Association, as Administrative Agent (as heretofore amended, the
"Loan Agreement"). 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 Banks pursuant to Section 11.2 of the
Loan Agreement, agree as follows:
1. Section 6.5. Section 6.5 of the Loan Agreement is
amended by revising Subsection (d) to read as follows:
and (d) Distributions in the form of
repurchases of Common Stock for which the
aggregate purchase price does not exceed
either (i) $100,000,000 or (ii) when
aggregated with all other Basket
Expenditures made since the Closing Date,
the Aggregate Basket; provided no Default
or Event of Default then exists or would
result therefrom;
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 Banks 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 Banks that no
Default or Event of Default has occurred and remains continuing.
4. 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 Amended and
Restated Reducing Revolving Loan Agreement dated as of May 28,
1998 among Aztar Corporation ("Borrower"), the Banks party
thereto, Bankers Trust Company and Societe Generale, as
Documentation Agents, Bank of Scotland, Credit Lyonnais
Los Angeles Branch and PNC Bank, National Association, as Co-
Agents, and Bank of America National Trust and Savings
Association, as Administrative Agent (as heretofore amended,
the "Loan Agreement").
Each of the undersigned hereby consents to the
execution, delivery and performance by Borrower and the
Administrative Agent of Amendment No. 3 to the Loan Agreement.
Each of the undersigned represents and warrants to
the Administrative Agent and the Banks 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 26, 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 BANK
Reference is hereby made to that certain Amended and
Restated Reducing Revolving Loan Agreement dated as of May 28,
1998 among Aztar Corporation ("Borrower"), the Banks party
thereto, Bankers Trust Company and Societe Generale, as
Documentation Agents, Bank of Scotland, Credit Lyonnais
Los Angeles Branch and PNC Bank, National Association, as Co-
Agents, and Bank of America National Trust and Savings
Association, as Administrative Agent (as heretofore amended,
the "Loan Agreement").
The undersigned Bank hereby consents to the execution
and delivery of Amendment No. 3 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
Bank.
Date: October 19, 0000
Xxxx xx Xxxxxxx, N.A.
[Name of Institution]
By XXXXX XXXXX
Xxxxx Xxxxx - Principal
[Printed Name and Title]
Date: October 22, 1999
Bank of America, N.A.
[Name of Institution]
By XXXXXX X. XXXXXXXX
Xxxxxx X. Xxxxxxxx
Managing Director
[Printed Name and Title]
Date: October 8, 1999
ABN AMRO BANK
[Name of Institution]
By XXXXXXX XXXX XXXXXXX X. FRENCH
Xxxxxxx Xxxx Xxxxxxx X. French
Credit Officer Senior Vice President
[Printed Name and Title]
Date: October 22, 1999
Bankers Trust Company
[Name of Institution]
By XXXXXX X XXXXXX
Xxxxxx X. Xxxxxx
Director
[Printed Name and Title]
Date: October 20, 1999
Credit Lyonnais Los Angeles Branch
[Name of Institution]
By XXXXXX X. XXXXX
Xxxxxx X. Xxxxx
First Vice President and Manager
[Printed Name and Title]
Date: October 21, 1999
Imperial Bank
[Name of Institution]
By XXXXXX X. XXXXXXX
Xxxxxx X. Xxxxxxx
[Printed Name and Title]
Date: October 22, 1999
PNC Bank, National Association
[Name of Institution]
By XXXX X. XXXXXXX
Xxxx X. Xxxxxxx
Vice President
[Printed Name and Title]
Date: October 26, 1999
Societe Generale
[Name of Institution]
By XXXX XXX XXXXXXX
Xxxx Xxx Xxxxxxx
Vice President
[Printed Name and Title]
