1
EXHIBIT 10.44
FIRST AMENDMENT
FIRST AMENDMENT dated as of December 17, 1998 (this ("Amendment"), to the
Revolving Credit Agreement, dated as of October 19, 1998 (as amended,
supplemented or otherwise modified from time to time, the "Credit Agreement"),
among CINEMASTAR LUXURY THEATERS, INC., a California corporation (the
"Borrower"), the several banks and other financial institutions or entities from
time to time parties thereto (the "Lenders"), and UNION BANK OF CALIFORNIA,
N.A., as administrative agent (in such capacity, the "Administrative Agent").
WHEREAS, the parties hereto wish to amend certain provisions of the Credit
Agreement on the terms set forth herein:
NOW, THEREFORE, in consideration of the premises and of the mutual agreements
herein contained, the parties hereto agree as follows:
1. Amendment to the Credit Agreement
A. Amendment to Defined Terms under Section 1.1
In the definition of "L/C Commitment" in Section 1.1 of the Credit Agreement,
"L/C Commitment" is hereby amended by deleting "$2,000,000" therein and
substituting in lieu thereof "$2,750,000".
IN WITNESS HEREOF, the parties hereto have caused this Agreement to be duly
executed and delivered by their proper and duly authorized officers as of the
day and year first above written.
CinemaStar Luxury Theaters, Inc.
By: /s/ Xxxxxx Xxxxxxx
Title: VP/CFO
Union Bank of California, N.A., as Agent and as a Lender
By: /s/ Xxxxx Xxxxx
Title: Assistant Vice President