GUARANTY AGREEMENTGuaranty Agreement • February 25th, 2010 • Harrahs Entertainment Inc • Services-miscellaneous amusement & recreation
WHEREAS, pursuant to that certain Amended and Restated Senior Note, dated as of the date hereof (as the same may be amended, restated, replaced supplemented or otherwise modified from time to time, the “Note”), executed by PHW LAS VEGAS, LLC, a Nevada limited liability company (“Borrower”), payable to the order of Lender in the original principal amount of up to $554,340,000, Borrower is indebted, and may from time to time be further indebted, to Lender with respect to a loan (the “Loan”) made pursuant to that certain Amended and Restated Loan Agreement, dated as of the date hereof (as amended, restated, replaced, supplemented, or otherwise modified from time to time, the “Loan Agreement”), between Borrower and Lender, which Loan is secured by, inter alia, that certain Amended and Restated Deed of Trust, Security Agreement, Assignment of Leases and Rents, Financing Statement and Fixture Filing, dated as of the date hereof, by and among Borrower, as trustor, First American Title Insuran
