EXHIBIT 10.52
AMENDMENT NO. 3 TO
REDUCING REVOLVING LOAN AGREEMENT
This Amendment No. 3 to Reducing Revolving Loan Agreement (this
"Amendment") is entered into with reference to the Reducing Revolving Loan
Agreement dated as of March 27, 1997 among Hollywood Park, Inc. ("Borrower"),
the Banks party thereto, Bank of Scotland, Bankers Trust Company and Societe
Generale, as Co-Agents, and Bank of America National Trust and Savings
Association, as Managing Agent as heretofore amended, (the "Loan Agreement").
Capitalized terms used but not defined herein are used with the meanings set
forth for those terms in the Loan Agreement.
Borrower and the Managing Agent, acting with the consent of the Requisite
Banks pursuant to Section 11.2 of the Loan Agreement, agree as follows:
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1. Section 6.14. Section 6.14 of the Loan Agreement is amended by
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striking the figures "$40,000,000" in clause (f) thereof and substituting in
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their place the figures "$60,000,000".
1. Section 6.15. Section 6.15 of the Loan Agreement is amended by
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striking the figures "$40,000,000" in clause (l) thereof and substituting in
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their place the figures "$60,000,000."
1. Retroactive Effect. The amendments made to Sections 6.14 and 6.15 set
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forth above shall be retroactive to March 31, 1998.
1. Representation and Warranty. Borrower represents and warrants that,
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as of the date hereof and giving effect to this Amendment, no Default or Event
of Default exists.
1. Conditions Precedent. The effectiveness of this Amendment is
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conditioned upon the receipt by the Managing Agent of the following documents,
each properly executed by a Responsible Official of each party thereto and dated
as of the date hereof:
(a) Counterparts of this Amendment executed by all
parties hereto;
(b) Written consent of the Requisite Banks as
required under Section 11.2 of the Loan Agreement in
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the form of Exhibit A to this Amendment; and
(c) Written consent of the Subsidiary Guarantors
in the form of Exhibit B to this Amendment.
1. Confirmation. In all respects, the terms of the Loan Agreement (as
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amended hereby) are hereby confirmed.
IN WITNESS WHEREOF, Borrower and the Managing Agent have executed this
Amendment as of June 12, 1998 by their duly authorized representatives.
HOLLYWOOD PARK, INC.
By: /s/ G. Xxxxxxx Xxxxxxxx
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G. Xxxxxxx Xxxxxxxx
Executive Vice President and
Chief Financial Officer
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION
As Managing Agent
By: /s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx
Vice President
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Exhibit A to Amendment
CONSENT OF BANK
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Reference is hereby made to that certain Reducing Revolving Loan Agreement
dated as of March 27, 1997 among Hollywood Park, Inc. ("Borrower"), the Banks
party thereto, Bank of Scotland, Bankers Trust Company and Societe Generale, as
Co-Agents, and Bank of America National Trust and Savings Association, as
Managing Agent (as heretofore amended, the "Loan Agreement").
The undersigned Bank hereby consents to the execution and delivery of
Amendment No. 3 to Reducing Revolving Loan Agreement by the Managing Agent on
its behalf, substantially in the form of the most recent draft thereof presented
to the undersigned Bank.
Dated: June 8, 0000
Xxxx xx Xxxxxxx
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[Name of Institution]
By: /s/ Xxx Xxxxxxx
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Xxx Xxxxxxx Managing Director
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[Printed Name and Title]
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Exhibit A to Amendment
CONSENT OF BANK
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Reference is hereby made to that certain Reducing Revolving Loan Agreement
dated as of March 27, 1997 among Hollywood Park, Inc. ("Borrower"), the Banks
party thereto, Bank of Scotland, Bankers Trust Company and Societe Generale, as
Co-Agents, and Bank of America National Trust and Savings Association, as
Managing Agent (as heretofore amended, the "Loan Agreement").
The undersigned Bank hereby consents to the execution and delivery of
Amendment No. 3 to Reducing Revolving Loan Agreement by the Managing Agent on
its behalf, substantially in the form of the most recent draft thereof presented
to the undersigned Bank.
Dated: June 4, 1998
Bank of Scotland
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[Name of Institution]
By: /s/ Xxxxx Xxxx Tat
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Xxxxx Xxxx Tat, Senior Vice President
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[Printed Name and Title]
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Exhibit A to Amendment
CONSENT OF BANK
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Reference is hereby made to that certain Reducing Revolving Loan Agreement
dated as of March 27, 1997 among Hollywood Park, Inc. ("Borrower"), the Banks
party thereto, Bank of Scotland, Bankers Trust Company and Societe Generale, as
Co-Agents, and Bank of America National Trust and Savings Association, as
Managing Agent (as heretofore amended, the "Loan Agreement").
The undersigned Bank hereby consents to the execution and delivery of
Amendment No. 3 to Reducing Revolving Loan Agreement by the Managing Agent on
its behalf, substantially in the form of the most recent draft thereof presented
to the undersigned Bank.
Dated: June 11, 1998
Bankers Trust Company
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[Name of Institution]
By: /s/ Xxxxx X. Xxxx
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Xxxxx Xxxx, Vice President
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[Printed Name and Title]
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Exhibit A to Amendment
CONSENT OF BANK
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Reference is hereby made to that certain Reducing Revolving Loan Agreement
dated as of March 27, 1997 among Hollywood Park, Inc. ("Borrower"), the Banks
party thereto, Bank of Scotland, Bankers Trust Company and Societe Generale, as
Co-Agents, and Bank of America National Trust and Savings Association, as
Managing Agent (as heretofore amended, the "Loan Agreement").
The undersigned Bank hereby consents to the execution and delivery of
Amendment No. 3 to Reducing Revolving Loan Agreement by the Managing Agent on
its behalf, substantially in the form of the most recent draft thereof presented
to the undersigned Bank.
Dated: June __, 1998
First National Bank of Commerce
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[Name of Institution]
By: /s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx, Senior Vice President
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[Printed Name and Title]
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Exhibit A to Amendment
CONSENT OF BANK
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Reference is hereby made to that certain Reducing Revolving Loan Agreement
dated as of March 27, 1997 among Hollywood Park, Inc. ("Borrower"), the Banks
party thereto, Bank of Scotland, Bankers Trust Company and Societe Generale, as
Co-Agents, and Bank of America National Trust and Savings Association, as
Managing Agent (as heretofore amended, the "Loan Agreement").
The undersigned Bank hereby consents to the execution and delivery of
Amendment No. 3 to Reducing Revolving Loan Agreement by the Managing Agent on
its behalf, substantially in the form of the most recent draft thereof presented
to the undersigned Bank.
Dated: June 10, 1998
Societe Generale
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[Name of Institution]
By: /s/ Xxxx Xxx
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Xxxx Xxx, Vice President
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[Printed Name and Title]
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Exhibit B to Amendment
CONSENT OF SUBSIDIARY GUARANTORS
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Reference is hereby made to that certain Reducing Revolving Loan Agreement
dated as of March 27, 1997 among Hollywood Park, Inc. ("Borrower"), the Banks
party thereto, Bank of Scotland, Bankers Trust Company and Societe Generale, as
Co-Agents, and Bank of America National Trust and Savings Association, as
Managing Agent (as heretofore amended, the "Loan Agreement").
Each of the undersigned Subsidiary Guarantors hereby consents to Amendment
No. 3 to the Loan Agreement in the form executed by Borrower and confirms that
the Subsidiary Guaranty and all Collateral Documents to which it is a party
remain in full force and effect.
Dated: June __, 1998
"Guarantors"
HOLLYWOOD PARK OPERATING COMPANY, HOLLYWOOD PARK FOOD SERVICES, INC.,
a Delaware corporation a California corporation
By: /s./ X. X. Xxxxxxxx By: /s./ X. X. Xxxxxxxx
Title: CFO Title: CFO
HOLLYWOOD PARK FALL OPERATING CO.,
a Delaware corporation
By: ./s/ X. X. Xxxxxxxx
Title: CFO
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HP/COMPTON, INC.,
a California corporation
By: /s/ X. X. Xxxxxxxx
Title: CFO
HP YAKIMA, INC., TURF PARADISE, INC.,
a Delaware corporation an Arizona corporation
By: /s/ G. Xxxxxxx Xxxxxxxx By: /s/ G. Xxxxxxx Xxxxxxxx
Title: CFO Title: CFO
CRYSTAL PARK HOTEL BOOMTOWN, INC.,
AND CASINO a Delaware corporation
DEVELOPMENT COMPANY,
LLC, a California limited By: /s/ G. Xxxxxxx Xxxxxxxx
liability company
By: HP/COMPTON, INC.,
a California corporation, Title: CFO
its managing member
By: /s/ G. Xxxxxxx Xxxxxxxx
Title: CFO
BOOMTOWN HOTEL & MISSISSIPPI-I GAMING, L.P.,
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CASINO, INC., a Mississippi limited partnership
a Nevada corporation
By: /s/ G. Xxxxxxx Xxxxxxxx By: BAYVIEW YACHT CLUB, INC.,
Title: CFO a Mississippi corporation,
its general partner
By: /s/ G. Xxxxxxx Xxxxxxxx
Title: CFO
BAYVIEW YACHT CLUB, INC., LOUISIANA-I GAMING, L.P.,
a Mississippi corporation a Louisiana partnership in commendam
By: /s/ X. X. Xxxxxxxx By: LOUISIANA GAMING
ENTERPRISES, INC.,
Title: CFO general partner
By: /s/ X. X. Xxxxxxxx
Title: CFO
By: LOUISIANA GAMING
ENTERPRISES, INC.,
a Louisiana corporation
By: /s/ X. X. Xxxxxxxx
Title: CFO
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