MORTGAGE AND SECURITY AGREEMENTMortgage and Security Agreement • March 10th, 2004 • Dover Motorsports Inc • Services-amusement & recreation services • Maryland
THIS MORTGAGE AND SECURITY AGREEMENT (this “Mortgage”) is executed on the 17th day of February, 2004 and effective as of February 19, 2004, by DOVER INTERNATIONAL SPEEDWAY, INC., formerly known as Dover Downs International Speedway, Inc. (the “Mortgagor”), with an address at 1131 North Dupont Highway, P.O. Box 843, Dover, Delaware 19903 in favor of MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY (the “Mortgagee”) as Agent under the Credit Agreement (as defined herein) for the ratable benefit of each of the financial institutions (“Banks”) as are, or may from time to time become, parties to the Credit Agreement, with an address at 2 Hopkins Plaza, 5th Floor, Baltimore, Maryland 21201.
COMMERCIAL DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS, AND FIXTURE FILING Rutherford County, Tennessee By And Among NASHVILLE SPEEDWAY, USA, INC.Trust, Security Agreement • March 10th, 2004 • Dover Motorsports Inc • Services-amusement & recreation services • Maryland
THIS COMMERCIAL DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS, AND FIXTURE FILING (herein “Instrument”) is executed February 17, 2004 and effective as of February 19, 2004, among the Grantor, NASHVILLE SPEEDWAY, U.S.A., INC., a Tennessee corporation, whose address is 4847-F McCrary Road, Lebanon, Tennessee (herein “Grantor”), in favor of T. MARK LEE, who resides in Shelby County, Tennessee (herein “Trustee”), for the benefit of the Beneficiary, MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY (the “Beneficiary”) as Agent under the Credit Agreement (as defined herein) for the ratable benefit of each of the financial institutions (“Banks”) as are, or may from time to time become, parties to the Credit Agreement, with an address at 2 Hopkins Plaza, 5th Floor, Baltimore, Maryland 21201, to secure obligations owed to the Beneficiary and the Banks.
PLEDGE AGREEMENTPledge Agreement • March 10th, 2004 • Dover Motorsports Inc • Services-amusement & recreation services • Maryland
THIS PLEDGE AGREEMENT (as amended, restated or otherwise modified, this “Agreement”), executed February 17, 2004 and effective as of February 19, 2004 is made by DOVER MOTORSPORTS, INC., a Delaware corporation, formerly known as Dover Downs Entertainment, Inc. (“Pledgor”) in favor of MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY, as agent (the “Agent”) for the ratable benefit of each of the financial institutions (the “Lenders”) as are, or may from time to time become, parties to the Credit Agreement (as defined below).
COMMERCIAL DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS, AND FIXTURE FILING Los Angeles County, California By And Among GRAND PRIX ASSOCIATION OF LONG BEACH, INC.And Fixture Filing • March 10th, 2004 • Dover Motorsports Inc • Services-amusement & recreation services • Maryland
THIS COMMERCIAL DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS, AND FIXTURE FILING (herein “Instrument”) is executed February 17, 2004 and effective as of February 19, 2004, among the Grantor, GRAND PRIX ASSOCIATION OF LONG BEACH, INC., a California corporation, whose address is 3000 Pacific Avenue, Long Beach, California 90806 (herein “Grantor”), in favor of FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation (herein “Trustee”), for the benefit of the Beneficiary, MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY (the “Beneficiary”) as Agent under the Credit Agreement (as defined herein) for the ratable benefit of each of the financial institutions (“Banks”) as are, or may from time to time become, parties to the Credit Agreement, with an address at 2 Hopkins Plaza, 5th Floor, Baltimore, Maryland 21201, to secure obligations owed to the Beneficiary and the Banks.
CREDIT AGREEMENT between DOVER MOTORSPORTS, INC., A Delaware Corporation, DOVER INTERNATIONAL SPEEDWAY, INC., A Delaware Corporation, GATEWAY INTERNATIONAL MOTORSPORTS CORPORATION, An Illinois Corporation, GATEWAY INTERNATIONAL SERVICES CORPORATION,...Credit Agreement • March 10th, 2004 • Dover Motorsports Inc • Services-amusement & recreation services • Maryland
THIS CREDIT AGREEMENT is executed February 17, 2004 and effective as of February 19, 2004, by and between DOVER MOTORSPORTS, INC., a Delaware corporation, DOVER INTERNATIONAL SPEEDWAY, INC., a Delaware corporation, GATEWAY INTERNATIONAL MOTORSPORTS CORPORATION, an Illinois corporation, GATEWAY INTERNATIONAL SERVICES CORPORATION, an Illinois corporation, MEMPHIS INTERNATIONAL MOTORSPORTS CORPORATION, a Tennessee corporation, M&N SERVICES CORP., a Tennessee corporation, NASHVILLE SPEEDWAY USA, INC., a Tennessee corporation and GRAND PRIX ASSOCIATION OF LONG BEACH, INC., a California corporation (collectively, “BORROWERS”); each of the “LENDERS” (as defined below); MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY, a Maryland banking corporation, as Agent for the LENDERS (in such capacity, together with its successors in such capacity, the “AGENT”); and MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY, a Maryland banking corporation, in its capacity as issuer of letters of credit (“ISSUING BANK”).
