EXHIBIT 10.79
LEASE SCHEDULE NO. 1 TO MASTER LEASE AGREEMENT
This Lease Schedule No. 1 is attached to and made a part of the Master
Lease Agreement ("Lease") between VIDEOTRONICS, INC., a Nevada corporation
("Lessor"), and SANTA FE HOTEL, INC., a Nevada corporation ("Lessee"), dated
September 16, 1996.
1. Description of Equipment: The Equipment listed on Attachment "A" to
this Lease Schedule is added to the Equipment leased under the Lease and
made subject to the provisions of the Lease.
2. Commencement Date: The Commencement Date for the Equipment leased under
this Schedule will be the date the Equipment is delivered and accepted by
the Lessee.
3. Term: The Term shall commence on the Commencement Date and shall
continue for 36 consecutive months.
4. The Basic Rent due each month during the Term for the Equipment
described herein is as follows:
a. The first payment under this Lease Schedule in an amount equal to
$42,268.02 shall be due and payable on November 1, 1996.
b. Payment of the Basic Rent in the amount of $42,268.02 shall be due on
December 1, 1996 and on the first day of each month thereafter
through and including October 1, 1999.
c. In addition to the monthly Basic Rent due as set forth above, Lessee
shall pay Lessor an amount equal to all taxes which may be imposed by
any Federal, State or local authority from time to time.
5. Security Deposit: Lessee shall pay to Lessor, due upon execution of this
Schedule, a Security Deposit in the amount of $84,536.04. The Security
Deposit will be held by the Lessor for the Term of the Lease and will be
returned to Lessee upon satisfactory completion of the terms and conditions
of the Lease.
6. All of the provisions of the Lease are incorporated by reference
herein as if set forth fully herein.
Dated: September 16, 1996
LESSEE: LESSOR:
SANTA FE HOTEL, INC., VIDEOTRONICS, INC.,
a Nevada corporation a Nevada corporation
By: /s/ Xxxxxx X. Land By: /s/ Xxxx Xxxxxx
_______________________________ _________________________________
Its: Senior Vice President and CFO Its: President
______________________________ _________________________________
