FORBEARANCE AGREEMENT, CONSENT AND WAIVERForbearance Agreement • April 16th, 2008 • Tropicana Finance Corp • Hotels & motels • Delaware
This FORBEARANCE AGREEMENT, CONSENT AND WAIVER, dated as of April 11, 2008 (this “Agreement”), by and among TROPICANA ENTERTAINMENT, LLC, a Delaware limited liability company (“Trop Entertainment”), TROPICANA FINANCE CORP. (“Trop Finance”), the undersigned affiliates of Trop Entertainment (each of the foregoing, an “Obligor,” and collectively, the “Obligors”), WILLIAM J. YUNG III (“Yung”), DONNA MORE (“More”), WILMINGTON TRUST COMPANY, as successor Trustee (in such capacity, the “Indenture Trustee”) under that certain Indenture dated as of December 28, 2006 (as the same has been or may be supplemented, the “Indenture”), pursuant to which Trop Entertainment and Trop Finance issued $960,000,000 in principal amount of 9 5/8% Senior Subordinated Notes due 2014 (the “Notes”), and the undersigned holders of the Notes (the “Noteholders”). Capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Indenture.
