ELSINORE CORPORATION,
Issuer
and
THE GUARANTORS NAMED HEREIN
and
FIRST TRUST NATIONAL ASSOCIATION
Trustee
-----------------------
FIRST SUPPLEMENTAL
AMENDED AND RESTATED
INDENTURE
Dated as of September 18, 1997
-----------------------
$30,000,000
13 1/2% Second Mortgage Notes due 2001
- 2 -
This FIRST SUPPLEMENTAL AMENDED AND RESTATED INDENTURE ("Supplemental
Indenture"), dated as of September 18, 1997, between ELSINORE CORPORATION, a
Nevada corporation (the "Company"), the GUARANTORS referred to below and FIRST
TRUST NATIONAL ASSOCIATION, a national association, as Trustee (individually a
"Party" and collectively the "Parties").
The Parties entered into that certain Amended and Restated Indenture
dated as of March 3, 1997 (the "Indenture").
NOW, THEREFORE, pursuant to Section 10.1 of the Indenture, the Parties
do hereby amend the Indenture as follows:
Sections C and E of the Factual Background in the Indenture are amended
to read in full as follows:
"C. On October 31, 1995, the Company filed a Chapter
11 bankruptcy reorganization case in the United States
Bankruptcy Court for the District of Nevada (the `Court'),
Case No. 95-24685 RCJ. On August 9, 1996, the Court entered
its Order Confirming Chapter 11 Plan of Reorganization (the
`Order') confirming the Plan of Reorganization (the `Plan')
identified in the Order. The Order provided that the
Confirmation Date under the Plan would be August 12, 1996 (the
`Confirmation Date')."
"E. The Parties desire to amend and restate the
Indenture to provide, among other things, for the issuance of
Amended and Restated Notes in the aggregate principal amount
of $30,000,000. The Amended and Restated Notes will bear
interest at 13 1/2% from August 12, 1996 and will mature on
August 20, 2001. Each of the Original Notes shall be exchanged
for an Amended and Restated Note in a principal amount equal
to 52.631579% of the unpaid principal of the Original Note."
Except as amended herein, the Indenture shall remain in full force and
effect.
SIGNATURE
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date first written above.
ELSINORE CORPORATION
By: ______________________________
Name: Xxxxxxx X. Xxxxx
Title: President
FIRST TRUST NATIONAL ASSOCIATION, as Trustee
By: ______________________________
Name: Xxxxxxx X. Xxxxxxx
Title: Vice President
GUARANTORS: ELSUB MANAGEMENT CORPORATION
By: ______________________________
Name: Xxxxxx X. Xxxxx
Title: President
FOUR QUEENS, INC.
By: ______________________________
Name: Xxxxxxx Xxxxxxxxx
Title: President
PALM SPRINGS EAST, LIMITED
PARTNERSHIP
BY: ELSUB MANAGEMENT CORPORATION, its general
partner
By: ______________________________
Name: Xxxxxx X. Xxxxx
Title: President
