REVOLVING CREDIT NOTEMTR Gaming Group Inc • May 15th, 2003 • Services-miscellaneous amusement & recreation • Nevada
FOR VALUE RECEIVED, the undersigned, MTR GAMING GROUP, INC., a Delaware corporation, MOUNTAINEER PARK, INC., a West Virginia corporation, SPEAKEASY GAMING OF LAS VEGAS, INC., a Nevada corporation, SPEAKEASY GAMING OF RENO, INC., a Nevada corporation, PRESQUE ISLE DOWNS, INC., a Pennsylvania corporation, and RACING ACQUISITION, INC., an Ohio corporation (collectively the “Borrowers”) jointly and severally promise to pay to the order of WELLS FARGO BANK, National Association, as Agent Bank on behalf of itself and the other Lenders as defined and described in the Credit Agreement described hereinbelow (each, together with their respective successors and assigns, individually being referred as a “Lender” and collectively as the “Lenders”) such sums as Lenders may hereafter loan or advance or re-loan to the Borrowers from time to time pursuant to the Credit Facility as described in the Credit Agreement, hereinafter defined up to the maximum principal sum of Fifty Million Dollars ($50,000,00
SECURITY AGREEMENT (MTRI)Security Agreement • May 15th, 2003 • MTR Gaming Group Inc • Services-miscellaneous amusement & recreation • Nevada
THIS SECURITY AGREEMENT (MTRI) (“Agreement”) is made and entered into as of March 28, 2003 by and between MTR GAMING GROUP, INC., a Delaware corporation, party of the first part (hereinafter collectively referred to as “Debtor”) and WELLS FARGO BANK, National Association, as administrative and collateral agent for the Lenders, the Swingline Lender and the L/C Issuer (all of which are defined in the Credit Agreement referred to below), party of the second part (hereinafter referred to, in such capacity, as “Secured Party”).
