Document:

exv4w1

 

EXHIBIT 4.1

[CONFORMED AS EXECUTED]

SECOND AMENDMENT TO CREDIT AGREEMENT

          SECOND
AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of August 31, 2007, among
AMERISTAR CASINOS, INC., a Nevada corporation (the “Borrower”), the various lenders party to the
Credit Agreement referred to below (the “Lenders”) and DEUTSCHE BANK TRUST COMPANY AMERICAS, as
Administrative Agent (all capitalized terms used herein and not otherwise defined herein shall have
the respective meanings provided such terms in the Credit Agreement as defined below).

W I T N E S S E T H:

          WHEREAS, the Borrower, the Lenders, the Administrative Agent and the other agents party
thereto are party to a Credit Agreement, dated as of November 10, 2005 (as amended, modified or
supplemented through the date hereof, the “Credit Agreement”);

          WHEREAS, the Borrower has requested that the Lenders agree to certain amendments to the Credit
Agreement; and

          WHEREAS, the Borrower and the Lenders wish to amend the Credit Agreement as provided herein;

          NOW, THEREFORE, it is agreed:

     I. Amendments to the Credit Agreement

          1. Section 1.14(a) of the Credit Agreement is hereby amended by deleting the text
“$400,000,000” appearing in clause (iv) therein and inserting “$600,000,000” in lieu thereof.

          2. Section 8.13(a)(iv) of the Credit Agreement is hereby amended by deleting said Section in
its entirety and inserting the following new Section 8.13(a)(iv) in lieu thereof:

          “(iv) the aggregate Maximum Permitted Consideration paid in connection with (x) all Permitted
Acquisitions (other than the RIH Acquisition) consummated after the Initial Borrowing Date and on
or prior to the date of the consummation of the proposed Permitted Acquisition does not exceed
$300,000,000 and (y) the RIH Acquisition shall not exceed $700,000,000.”

          3. Sections 9.08 and 9.09 of the Credit Agreement are hereby amended by deleting said Sections
in their entirety and inserting the following new Sections 9.08 and 9.09 in lieu thereof:

          “9.08 Leverage Ratio. The Borrower will not permit the Leverage Ratio at any time during a
period set forth below to be greater than the ratio set forth opposite such period below:

 

 

	 	 	 	 	 
	Period	 	 	 	Ratio
	Fiscal Quarter ending

	 	 
	 	6.25:1.00
	September 30, 2007
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	6.25:1.00
	December 31, 2007
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	6.25:1.00
	March 31, 2008
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	6.25:1.00
	June 30, 2008
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	6.25:1.00
	September 30, 2008
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	6.25:1.00
	December 31, 2008
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	6.00:1.00
	March 31, 2009
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	6.00:1.00
	June 30, 2009
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.75:1.00
	September 30, 2009
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.75:1.00
	December 31, 2009
	 	 	 	 

-2-

 

	 	 	 	 	 
	Period	 	 	 	Ratio
	Fiscal Quarter ending

	 	 
	 	5.50:1.00
	March 31, 2010
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.50:1.00
	June 30, 2010
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.50:1.00
	September 30, 2010
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.25:1.00
	December 31, 2010
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.25:1.00
	March 31, 2011
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.00:1.00
	June 30, 2011
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.00:1.00
	September 30, 2011
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.00:1.00
	December 31, 2011
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.00:1.00
	March 31, 2012
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.00:1.00
	June 30, 2012
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.00:1.00
	September 30, 2012
	 	 	 	 
	 
	 	 	 	 
	Thereafter

	 	 	 	5.00:1.00.

          9.09 Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio at any time
during a period set forth below to be greater than the ratio set forth opposite such period below:

	 	 	 	 	 
	Period	 	 	 	Ratio
	Fiscal Quarter ending 

September 30, 2007

	 	 
	 	5.25:1.00
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.25:1.00
	December 31, 2007
	 	 	 	 

-3-

 

	 	 	 	 	 
	Period	 	 	 	Ratio
	Fiscal Quarter ending

	 	 
	 	5.25:1.00
	March 31, 2008
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.25:1.00
	June 30, 2008
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.25:1.00
	September 30, 2008
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.25:1.00
	December 31, 2008
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.25:1.00
	March 31, 2009
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	5.00:1.00
	June 30, 2009
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	4.75:1.00
	September 30, 2009
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	4.75:1.00
	December 31, 2009
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	4.50:1.00
	March 31, 2010
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	4.50:1.00
	June 30, 2010
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	4.25:1.00
	September 30, 2010
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	4.00:1.00
	December 31, 2010
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	4.00:1.00
	March 31, 2011
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	3.75:1.00
	June 30, 2011
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	3.50:1.00
	September 30, 2011
	 	 	 	 

-4-

 

	 	 	 	 	 
	Period	 	 	 	Ratio
	Fiscal Quarter ending

	 	 
	 	3.50:1.00
	December 31, 2011
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	3.50:1.00
	March 31, 2012
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	3.50:1.00
	June 30, 2012
	 	 	 	 
	 
	 	 	 	 
	Fiscal Quarter ending

	 	 	 	3.50:1.00
	September 30, 2012
	 	 	 	 
	 
	Thereafter

	 	 	 	3.50:1.00.”.

          4. Section 11.01 of the Credit Agreement is hereby amended by inserting the following
definition in the appropriate alphabetical order:

          “RIH Acquisition” shall mean the acquisition of 100% of the membership interests of RIH
Acquisitions IN, LLC by the Borrower or a Subsidiary Guarantor pursuant to that certain Purchase
Agreement, dated as of April 3, 2007, by and between Resorts International Holdings, LLC and the
Borrower as the same may be modified or amended from time to time;
provided that, any such
modification or amendment that is materially adverse to the interest of the Lenders shall require
the consent of the Administrative Agent.”.

          5. Section 11.01 of the Credit Agreement is hereby further amended by (x) deleting in its
entirety clause (b) appearing in the definition of “Applicable Margin” and “Applicable Commitment
Commission Percentage” therein and inserting the following new clause (b) in lieu thereof:

          “(b) with respect to Initial Term Loans maintained as (i) Base Rate Loans, a percentage per
annum equal to 1.00% and (ii) Eurodollar Loans, a percentage per annum equal to 2.00%;” and

          (y) deleting in its entirety the definition of “Neilsen Family Group” therein and inserting
the following definition in lieu thereof:

          “Neilsen Family Group” shall mean collective reference to (i) the Estate of Craig H. Neilsen,
deceased, and the heirs, ancestors, lineal descendants, stepchildren, legatees and legal
representatives of Craig H. Neilsen or his Estate, and the trustees from time to time of any bona
fide trusts of which Craig H. Neilsen or one or more of the foregoing are the sole beneficiaries or
grantors thereof, including but not limited to The Craig H. Neilsen Foundation, Ray H. Neilsen and
his estate, spouse, heirs, ancestors, lineal descendants, stepchildren, legatees and legal
representatives, and the trustees from time to time of any bona fide trusts of which one or more of
the foregoing are the sole beneficiaries or grantors thereof and (ii) any Person controlled,
directly or indirectly, by one or more of the foregoing Persons referred to in the

-5-

 

immediately preceding clause (i), whether through the ownership of voting securities, by contract,
in a fiduciary capacity, through possession of a majority of the voting rights (as directors and/or
members) of a not-for-profit entity, or otherwise.

     II. Miscellaneous Provisions

          1. The Borrower hereby represents and warrants that (i) no Default or Event of Default exists
as of the Second Amendment Effective Date (as defined below) both before and after giving effect to
this Amendment and (ii) on the Second Amendment Effective Date, both before and after giving effect
to this Amendment, all representations and warranties (other than those representations made as of
a specified date) contained in the Credit Agreement and in the other Credit Documents are true and
correct in all material respects.

          2. This Amendment shall become effective on the date (the “Second
Amendment Effective Date”) when the Required Lenders and the Borrower shall have signed a
counterpart hereof (whether the same or different counterparts) and shall have delivered (including
by way of facsimile transmission) the same to the Administrative Agent at White & Case LLP, 1155
Avenue of the Americas, New York, NY 10036, Attention: Omer Duru (facsimile number 212-354-8113).

          3. The Borrower hereby covenants and agrees, so long as the Second
Amendment Effective Date occurs, to pay to each Lender which has executed and delivered to the
Administrative Agent (or its designee) a counterpart hereof by 12:00 Noon (New York time) on August
17, 2007 a non-refundable cash amendment fee equal to 0.125% of its outstanding Initial Term Loans
and/or Revolving Loan Commitments, as the case may be, which fee shall not be subject to
counterclaim or set-off, or be otherwise affected by, any claim or dispute relating to any other
matter and shall be paid by the Borrower to the Administrative Agent for distribution to such
Lenders on the Second Amendment Effective Date.

          4. This Amendment is limited as specified and shall not constitute a modification, acceptance
or waiver of any other provision of the Credit Agreement or any other Credit Document.

          5. This Amendment may be executed in any number of counterparts and by the different parties
hereto on separate counterparts, each of which counterparts when executed and delivered shall be an
original, but all of which shall together constitute one and the same instrument. A complete set
of counterparts shall be lodged with the Borrower and the Administrative Agent.

          6. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK.

*      *      *

-6-

 

          IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute
and deliver this Amendment as of the date first above written.

	 	 	 	 	 
	 	AMERISTAR CASINOS, INC.

 	 
	 	By:  	/s/ Peter C. Walsh
 	 
	 	 	Name:  	Peter C. Walsh 	 
	 	 	Title:  	Senior Vice President and General

Counsel 	 
	 
	 	AMERISTAR CASINO VICKSBURG, INC.,

AMERISTAR CASINO COUNCIL BLUFFS, INC.,

CACTUS PETE’S, INC.,

A.C. FOOD SERVICES, INC.,

AMERISTAR CASINO ST. LOUIS, INC.,

AMERISTAR CASINO KANSAS CITY, INC.,

AMERISTAR CASINO ST. CHARLES, INC.,

AMERISTAR CASINO LAS VEGAS, INC.,

RICHMOND STREET DEVELOPMENT, INC.,

AMERISTAR CASINO BLACK HAWK, INC.,

AMERISTAR EAST CHICAGO HOLDINGS, LLC

 	 
	 	By:  	/s/ Peter C. Walsh
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 
	 	DEUTSCHE BANK TRUST COMPANY

    AMERICAS, Individually and as

    Administrative Agent

 	 
	 	By:  	/s/ Omayra Laucella
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	/s/ Susan LeFevre
 	 
	 	 	Title: Director 	 
	 	 	 	 

 

 

	 	 	 	 	 

          IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute
and deliver this Amendment as of the date first above written.

	 	 	 	 	 
	 	AMERISTAR CASINOS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	AMERISTAR CASINO VICKSBURG, INC.,

AMERISTAR CASINO COUNCIL BLUFFS, INC.,

CACTUS PETE’S, INC.,

A.C. FOOD SERVICES, INC.,

AMERISTAR CASINO ST. LOUIS, INC.,

AMERISTAR CASINO KANSAS CITY, INC.,

AMERISTAR CASINO ST. CHARLES, INC.,

AMERISTAR CASINO LAS VEGAS, INC.,

RICHMOND STREET DEVELOPMENT, INC.,

AMERISTAR CASINO BLACK HAWK, INC.,

AMERISTAR EAST CHICAGO HOLDINGS, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	DEUTSCHE BANK TRUST COMPANY

    AMERICAS, Individually and as

    Administrative Agent

 	 
	 	By:  	/s/ J.T Johnson Coe
 	 
	 	 	Title: Managing Director 	 
	 	 	 	 
	 	By:  	/s/ Alexander E.V. Johnson
 	 
	 	 	Title: Managing Director 	 
	 	 	 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE SECOND AMENDMENT 

TO CREDIT AGREEMENT DATED AS OF AUGUST

31, 2007, AMONG AMERISTAR CASINOS, INC., THE 

LENDERS PARTY HERETO FROM TIME TO TIME,

AND DEUTSCHE BANK TRUST COMPANY 

AMERICAS, AS ADMINISTRATIVE AGENT

NAME OF INSTITUTION:

AMMC CLO IV, LIMITED
 	 
	 	By:  	American Money Management Corp.,
 	 
	 	 	as Collateral Manager 	 
	 	 	 	 
	 	By:  	/s/ Chester M. Eng
 	 
	 	Title: Senior Vice President 	 
	 	 	 	 
	 	NAME OF INSTITUTION:

AMMC CLO V, LIMITED
 	 
	 	By:  	American Money Management Corp.,
 	 
	 	 	as Collateral Manager 	 
	 	 	 	 
	 	By:  	/s/ Chester M. Eng
 	 
	 	Title:                  Senior Vice President 	 
	 	 	 	 
	 	NAME OF INSTITUTION:

AMMC CLO VI, LIMITED
 	 
	 	By:  	American Money Management Corp.,
 	 
	 	 	as Collateral Manager 	 
	 	 	 	 
	 	By:  	/s/ Chester M. Eng
 	 
	 	Title:                  Senior Vice President 	 
	 	 	 	 
	 	NAME OF INSTITUTION:

Maplewood (Cayman) Limited
 	 
	 	By:  	Babson Capital Management LLC as
 	 
	 	 	Investment Manager 	 
	 	 	 	 
	 	By:  	/s/ Art Mc Mahon
 	 
	 	Title:                  Director 	 
	 	 	 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	NAME OF INSTITUTION:

Babson CLO Ltd. 2005-II
 	 
	 	By:  	Babson Capital Management LLC as
 	 
	 	 	Collateral Manager 	 
	 	 	 	 
	 	By:  	/s/ Art Mc Mahon
 	 
	 	Title: Director 	 
	 	 	 	 
	 	NAME OF INSTITUTION:

Massachusetts Mutual Life Insurance Company
 	 
	 	By:  	Babson Capital Management LLC as
 	 
	 	 	Investment Adviser 	 
	 	 	 	 
	 	By:  	/s/ Art Mc Mc Mahon
 	 
	 	Title: Director 	 
	 	 	 	 
	 	NAME OF INSTITUTION:

OSP Funding LLC
 
	 
	 	 	 
	 	By:  	/s/ M. Cristina Higgins
 	 
	 	Title: Assistant Vice President 	 
	 	 	 	 
	 	NAME OF INSTITUTION:

Bank of Hawaii
 	 
	 	 	 
	 	By:  	/s/ Steven R. Nakahara
 	 
	 	Title: Vice President 	 
	 	 	 	 
	 	NAME OF INSTITUTION:

Bank of Scotland
 	 
	 	 	 
	 	By:  	/s/ Joseph Fratus
 	 
	 	Title: First Vice President 	 
	 	 	 	 

 

 

	 	 	 	 	 

	 	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	BNP Paribas	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Todd Rogers	 	 
	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Charles C. Jou	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Calyon New York Branch	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Dianne M. Scott	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gill Realon	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Capital One, N.A.	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Chris Haskew	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	LMP Corporate Loan Fund, Inc.	 	 
	 	 	 	 	 
	 	 	By: Citigroup Alternative Investments LLC:	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Melanie Hanlon	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	The Bank of New York
(successor to J.P.
 Morgan Trust Company (Cayman)
Limited, as
 Trustee for TORAJI TRUST, as [Assignee/Participant]	 	 
	 	 	By: Its Investment Manager, Citigroup Alternative

Investments LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Melanie Hanlon	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Director	 	 

 

 

	 	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Comerica West Incorporated	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bryan C. Camden	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Corporate Banking Officer	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	DZ Bank AG	 	 
	 	 	Deutsche Zentral- Genossenschaftsbank	 	 
	 	 	New York Branch	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Paul Fitzpatrick	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Carl Amendola	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: SVP	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Senior Debt Portfolio	 	 
	 	 	 	 	 
	 	 	By: Boston Management and Research as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Eaton Vance Senior
Income Trust	 	 
	 	 	 	 	 
	 	 	By: Eaton Vance Management as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Eaton Vance Institutional Senior Loan Fund	 	 
	 	 	 	 	 
	 	 	By: Eaton Vance Management as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Eaton Vance CDO
VIII, Ltd.	 	 
	 	 	 	 	 
	 	 	By: Eaton Vance Management as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Eaton Vance CDO IX Ltd.	 	 
	 	 	 	 	 
	 	 	By: Eaton Vance Management as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Grayson & Co.	 	 
	 	 	 	 	 
	 	 	By: Boston Management and Research as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	THE NORINCHUKIN
BANK, NEW YORK BRANCH
 — State Street Bank and Trust
Company N.A. as
 Fiduciary Custodian	 	 
	 	 	By: Eaton Vance Management, Attorney-in-Fact	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Big Sky III Senior Loan Trust	 	 
	 	 	 	 	 
	 	 	By: Eaton Vance Management as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Eaton Vance	 	 
	 	 	VT Floating- Rate Income Fund	 	 
	 	 	By: Eaton Vance Management as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Eaton Vance Senior	 	 
	 	 	Floating- Rate Trust	 	 
	 	 	By: Eaton Vance Management as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Eaton Vance Floating- Rate Income Trust	 	 
	 	 	By: Eaton Vance Management as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Eaton Vance Variable Leverage Fund Ltd.	 	 
	 	 	By: Eaton Vance Management as Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott H. Page	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	Note: Emigrant Realty Finance	 	NAME OF INSTITUTION:	 	 
	will not execute an Incremental
	 	 	 	 	 	 
	Commitment.	 	Emigrant Realty Finance	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jason Sander	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 	 	    Emigrant Realty Finance	 	 

 

 

	 	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Erste Bank Der Oesterreichischen	 	 
	 	 	 	 	 
	 	 	Sparkassen AG	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Brandon A. Meyerson	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Paul Judicke	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Executive Director	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	First Bank	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Edward L. Dehner	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Assistant Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Franklin Floating Rate Master Series	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Richard Hsu	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Franklin Floating Rate Daily Access Fund	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Richard Hsu	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	NAME OF INSTITUTION:	 	 
	 
	 	 	 	 	 	 
	 	 	Franklin CLO V, LTD	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David Ardini	 	 
	 

	 	 	 	 

	 	 
	 	 	Title: Vice President	 	 

 

 

	 	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	General Electric Capital Corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Rebecca A. Ford
	 

	 	 	 	 
	 

	 	Title:
	 	Duly Authorized Signatory
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Liberty CLO, Ltd.
	 

	 	 	 	 
	 	 	By: Highland Capital Management, L.P.
	 	 	As Collateral Manager
	 	 	By: Strand Advisors, Inc., its General Partner
	 
	 

	 	By:
	 	/s/ Kenneth McGovern
	 

	 	 	 	 
	 

	 	Title:
	 	Treasurer
	 	 	Strand Advisors, Inc., General Partner of Highland Capital
Management, L.P.
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Rockwall CDO LTD.
	 

	 	 	 	 
	 	 	By: Highland Capital Management, L.P.
	 	 	As Collateral Manager
	 	 	By: Strand Advisors, Inc., its General Partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kenneth McGovern
	 

	 	 	 	 
	 

	 	Title:
	 	Treasurer
	 	 	Strand Advisors, Inc., General Partner of Highland Capital
Management, L.P.
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Brentwood CLO, Ltd.
	 	 	By: Highland Capital Management, L.P.
	 	 	As Collateral Manager
	 	 	By: Strand Advisors, Inc., its General Partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kenneth McGovern
	 

	 	 	 	 
	 

	 	Title:
	 	Treasurer
	 	 	Strand Advisors, Inc., General Partner of Highland Capital
Management, L.P.

 

 

	 	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Loan Star State Trust
	 

	 	 	 	 
	 	 	By: Highland Capital Management, L.P.
	 	 	As Collateral Manager
	 	 	By: Strand Advisors, Inc., its General Partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kenneth McGovern
	 

	 	 	 	 
	 

	 	Title:
	 	Treasurer
	 	 	Strand Advisors, Inc., General Partner of Highland Capital
Management, L.P.
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	HSH NORDBANK AG
	 

	 	 	 	 
	 	 	New York Branch
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Paul Verdi
	 

	 	 	 	 
	 

	 	Title:
	 	Vice President
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Frank Anderson
	 

	 	 	 	 
	 

	 	Title:
	 	Vice President
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	IKB Capital Corp.
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ James Y. Hua
	 

	 	 	 	 
	 

	 	Title:
	 	Authorized Signatory
	 

	 	 	 	IKB Capital Corporation
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	LCM II Limited Partnership
	 

	 	 	 	 
	 	 	By: Lyon Capital Management LLC,
	 	 	As Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Farboud Tavanger
	 

	 	 	 	 
	 

	 	Title:
	 	Senior Portfolio Manager
	 

	 	 	 	Lyon Capital Management LLC

 

 

	 	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	LCM III, Ltd.
	 

	 	 	 	 
	 	 	By: Lyon Capital Management LLC,
	 	 	As Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Farboud Tavanger
	 

	 	 	 	 
	 

	 	Title:
	 	Senior Portfolio Manager
	 

	 	 	 	Lyon Capital Management LLC
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	LCM V LTD.
	 

	 	 	 	 
	 	 	By: Lyon Capital Management LLC,
	 	 	As Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Farboud Tavanger
	 

	 	 	 	 
	 

	 	Title:
	 	Senior Portfolio Manager
	 

	 	 	 	Lyon Capital Management LLC
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	MetLife Insurance
and Investment Trust
	 	 	By: Metropolitan Life Insurance Company
	 	 	Its Investment Manager
	 
	 

	 	By:
	 	/s/ James R. Dingler
	 

	 	 	 	 
	 

	 	Title:
	 	Director
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Metropolitan Life
Insurance Company
	 
	 	 	 	 
	 

	 	By:
	 	/s/ James R. Dingler
	 

	 	 	 	 
	 

	 	Title:
	 	Director
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Metropolitan Life
Insurance Company of Connecticut
	 
	 	 	 	 
	 

	 	By:
	 	/s/ James R. Dingler
	 

	 	 	 	 
	 

	 	Title:
	 	Director

 

 

	 	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Mizuho Corporate Bank, Ltd.
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Raymond Ventura
	 

	 	 	 	 
	 

	 	Title:
	 	Deputy General Manager
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	National City Bank
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jeff Dysert
	 

	 	 	 	 
	 

	 	Title:
	 	Vice President
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Natixis, New York
Branch (formerly known as Natexis
 Banques
Populaires)
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Peyman Parhami
	 

	 	 	 	 
	 

	 	Title:
	 	Director
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Mark A. Harrington
	 

	 	 	 	 
	 

	 	Title:
	 	Senior Managing Director
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	People’s United
Bank (formerly known as PEOPLE’S BANK)
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Francis J. McGinn
	 

	 	 	 	 
	 

	 	Title:
	 	Vice President
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	By: PPM America, Inc., as Attorney-in-fact, on behalf of
Jackson National Life Insurance Company
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Wagner
	 

	 	 	 	 
	 

	 	Title:
	 	Managing Director

 

 

	 	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	The Prudential Insurance Company of America
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen J. Collins
	 

	 	 	 	 
	 

	 	Title:
	 	VP
	 	 	Prudential Investment Management Inc., as Investment Advisor.
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Institutional Bank
Loan Fixed Income Fund of the
 Prudential Trust Company
Collective Employee Benefit Trust
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen J. Collins
	 

	 	 	 	 
	 

	 	Title:
	 	VP
	 	 	Prudential Investment Management Inc., as Investment Advisor.
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	The Prudential Insurance Company of America
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephen J. Collins
	 

	 	 	 	 
	 

	 	Title:
	 	VP
	 	 	Prudential Investment Management Inc., as Investment Advisor.
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	RiverSource Life Insurance Company
	 

	 	 	 	 
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jerry R. Howard
	 

	 	 	 	 
	 

	 	Title:
	 	Managing Director

 

 

	 	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Ameriprise Certificate Company
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jerry R. Howard
	 

	 	 	 	 
	 

	 	Title:
	 	Managing Director
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Centurion CDO II, Ltd.
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robin C. Stancil
	 

	 	 	 	 
	 

	 	Title:
	 	Director of Operations
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Centurion CDO III,
Limited
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robin C. Stancil
	 

	 	 	 	 
	 

	 	Title:
	 	Director of Operations
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Centurion CDO VI, Ltd.
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robin C. Stancil
	 

	 	 	 	 
	 

	 	Title:
	 	Director of Operations
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Centurion CDO VII, Ltd.
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robin C. Stancil
	 

	 	 	 	 
	 

	 	Title:
	 	Director of Operations

 

 

	 	 	 	 	 
	 	 	SIGNATURE PAGE TO THE SECOND AMENDMENT 

TO CREDIT AGREEMENT DATED AS OF AUGUST 

31, 2007, AMONG AMERISTAR CASINOS, INC., the 

Lenders party hereto from time to time, AND DEUTSCHE 

BANK TRUST COMPANY AMERICAS, as 
Administrative Agent
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Centurion CDO 8, Limited
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robin C. Stancil
	 

	 	 	 	 
	 

	 	Title:
	 	Director of Operations
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Centurion CDO 9, Ltd.
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robin C. Stancil
	 

	 	 	 	 
	 

	 	Title:
	 	Director of Operations
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Centurion CDO 10,
Ltd.
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robin C. Stancil
	 

	 	 	 	 
	 

	 	Title:
	 	Director of Operations
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Cent CDO XI, Limited
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robin C. Stancil
	 

	 	 	 	 
	 

	 	Title:
	 	Director of Operations

 

 

	 	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Cent CDO 15 Limited
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robin C. Stancil
	 

	 	 	 	 
	 

	 	Title:
	 	Director of Operations
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Sequils- Centurion V, Ltd
	 	 	By: RiverSource Investments, LLC as Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robin C. Stancil
	 

	 	 	 	 
	 

	 	Title:
	 	Director of Operations
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Rowayton Loan Funding Company
	 
	 	 	 	 
	 

	 	By:
	 	/s/ James W. Sykes
	 

	 	 	 	 
	 

	 	Title:
	 	Managing Principal
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Societe Generale
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Patricia Wright
	 

	 	 	 	 
	 

	 	Title:
	 	Director
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Stanfield Arbitrage CDO, Ltd.
	 	 	By: Stanfield Capital Partners, LLC as its Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David Frey
	 

	 	 	 	 
	 

	 	Title:
	 	Managing Director

 

 

	 	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Stanfield Veyron, Ltd.
	 	 	By: Stanfield Capital Partners, LLC as its Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David Frey
	 

	 	 	 	 
	 

	 	Title:
	 	Managing Director
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	EAGLE LOAN TRUST
	 	 	By: Stanfield Capital Partners, LLC as its Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David Frey
	 

	 	 	 	 
	 

	 	Title:
	 	Managing Director
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Stanfield AZURE CLO, Ltd.
	 	 	By: Stanfield Capital Partners, LLC as its Collateral Manager
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David Frey
	 

	 	 	 	 
	 

	 	Title:
	 	Managing Director
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Stanfield Bristol CLO, Ltd.
	 	 	By: Stanfield Capital Partners LLC as its Collateral Manager
	 
	 

	 	By:
	 	/s/ David Frey
	 

	 	 	 	 
	 

	 	Name:
	 	David Frey
	 

	 	Title:
	 	Managing Director

 

 

	 	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Toronto Dominion (New York), LLC
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Masood Fikree
	 

	 	 	 	 
	 

	 	Title:
	 	Authorized Signatory
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Union Bank of Californa, N.A.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Clifford F. Cho
	 

	 	 	 	 
	 

	 	Title:
	 	Vice President
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	United Overseas Bank Limited, New York Agency
	 
	 	 	 	 
	 

	 	By:
	 	/s/ George Lim
	 

	 	 	 	 
	 

	 	Title:
	 	SVP & GM
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Mario Sheng
	 

	 	 	 	 
	 

	 	Title:
	 	AVP
	 
	 	 	 	 
	 	 	NAME OF INSTITUTION:
	 
	 	 	 	 
	 	 	Wachovia Bank, National Association
	 
	 	 	 	 
	 

	 	By:
	 	/s/ G. Lee Wagner, Jr.
	 

	 	 	 	 
	 

	 	Title:
	 	Vice Presidentexv10w1

 

Exhibit 10.1

SECOND AMENDMENT TO CREDIT AGREEMENT

     SECOND AMENDMENT TO CREDIT AGREEMENT (hereinafter referred to as the “Amendment”)
executed to be effective as of September 11, 2007, by and among CARRIZO OIL & GAS, INC., a Texas
corporation (“Borrower”), certain subsidiaries of Borrower, as Guarantors (in such
capacity, “Guarantors”), the LENDERS party hereto (the Lenders”) and JPMORGAN CHASE BANK,
N.A., as Administrative Agent (in its such capacity, “Administrative Agent”). Unless
otherwise expressly defined herein, capitalized terms used but not defined in this Amendment have
the meanings assigned to such terms in the Credit Agreement (as defined below).

WITNESSETH:

     WHEREAS, Borrower, Guarantors, Administrative Agent and Lenders have entered into that certain
Credit Agreement, dated as of May 25, 2006 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”); and

     WHEREAS, Borrower has requested that Administrative Agent and Lenders amend the Credit
Agreement to, among other things, (i) permit additional investments and (ii) increase the Borrowing
Base and Conforming Borrowing Base; and

     WHEREAS, Administrative Agent and Lenders have agreed to do so on the terms and conditions
hereinafter set forth;

     NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein
contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged and confessed, Borrower, Administrative Agent and Lenders hereby agree as
follows:

SECTION 1. Amendments to Credit Agreement. Subject to the satisfaction or waiver in writing of
each condition precedent set forth in Section 3 of this Amendment, and in reliance on the
representations, warranties, covenants and agreements contained in this Amendment, the Credit
Agreement shall be amended in the manner provided in this Section 1.

     1.1 Additional Definitions. The following definitions shall be and they hereby are added to
Section 1.01 of the Credit Agreement in appropriate alphabetical order:

     “Conforming Date” means November 1, 2008.

     “Second Amendment Effective Date” means September 11, 2007.

     1.2 Amended Definitions. The following definitions in Section 1.01 of the Credit
Agreement shall be and they hereby are amended in their entirety to read as follows:

     “Borrowing Base Usage” means, as of any date and for all purposes, the quotient,
expressed as a percentage, of (i) the Aggregate Credit Exposure as of such date, divided by
(ii) the Conforming Borrowing Base as of such date.

Second
Amendment to Credit Agreement – Page 1

 

 

     “Conforming Borrowing Base” means, at any time, an amount equal to the amount
determined in accordance with Section 3.01, as the same may be redetermined, adjusted or reduced
from time to time pursuant to Section 3.02, Section 3.03, Section 3.04 and Section 3.05 or as
otherwise adjusted or redetermined pursuant to Section 7.04, provided that (i) in no event
shall the Conforming Borrowing Base exceed the Borrowing Base and (ii) in the event no Conforming
Borrowing Base is designated pursuant to Article III or Section 7.04, the Conforming Borrowing Base
shall be deemed equal to the Borrowing Base.

     1.3 Deleted Definition. The defined term “Adjustment Percentage” and the definition thereof
shall be and it hereby is deleted from Section 1.01 of the Credit Agreement.

     1.4 Proposed Borrowing Base and Proposed Conforming Borrowing Base. The last sentence of
Section 3.01 of the Credit Agreement shall be and it hereby is amended in its entirety to read as
follows:

     Promptly after the receipt by the Administrative Agent of such Reserve Report and Borrower’s
requested amount for the Borrowing Base, the Administrative Agent shall submit to the Lenders a
recommended amount of the Borrowing Base and, with respect to any Redetermination prior to the
Conforming Date, the Conforming Borrowing Base as of the next Redetermination Date; provided that
no Redetermination of the Conforming Borrowing Base shall be required after the Conforming Date.

     1.5 Scheduled Redeterminations of the Borrowing Base and Conforming Borrowing Base. The first
sentence of Section 3.02 of the Credit Agreement shall be and it hereby is amended in its entirety
to read as follows:

     Based in part on the Reserve Reports made available to the Administrative Agent and the
Lenders pursuant to Section 3.01, the Lenders shall redetermine the Borrowing Base on or prior to
the next Redetermination Date and, if such Redetermination Date is prior to the Conforming Date,
the Conforming Borrowing Base (or such date promptly thereafter as reasonably possible based on the
engineering and other information available to the Lenders).

     1.6 Borrowing Base Adjustments. Section 3.05 of the Credit Agreement shall be and it
hereby is amended in its entirety to read as follows:

     (a) In the event the Redetermination of the Borrowing Base is not made on or prior to January
1, 2008, as a result of the Borrower failing to comply with the requirements of this ARTICLE III
with respect to such Redetermination on the dates required without giving effect to any grace or
cure period provided in ARTICLE IX with respect to such failure, the Borrowing Base shall be
reduced by $3,000,000 on January 1, 2008 and by $3,000,000 on the first day of each month
thereafter (the “Monthly Reduction”) until the Borrowing Base and Monthly Reduction are
otherwise redetermined pursuant to this Article III.

     (b) In the event the outstanding principal balance of the Indebtedness under the Second Lien
Facility exceeds $225,000,000 at any time after the First Amendment Effective Date, the Borrowing
Base then in effect shall be reduced by $1.00 for every $4.00 of such additional Indebtedness as of
the date such additional Indebtedness is incurred.

Second
Amendment to Credit Agreement – Page 2

 

 

     1.7 Notice of Redetermination. Section 3.06 of the Credit Agreement shall be and hereby is
amended in its entirety to read as follows:

     Section 3.06 Notice of Redetermination. Promptly following any Redetermination of the
Borrowing Base or the Conforming Borrowing Base, the Administrative Agent shall notify the Borrower
of the amount of the redetermined Borrowing Base, Conforming Borrowing Base and Monthly Reduction,
which Borrowing Base, Conforming Borrowing Base and Monthly Reduction shall be effective as of the
date specified in such notice, and such Borrowing Base, Conforming Borrowing Base and Monthly
Reduction shall remain in effect for all purposes of this Agreement until the next Redetermination.

     1.8 Investment Basket. Clause (n) of Section 7.05 of the Credit Agreement shall be and it
hereby is amended in its entirety to read as follows:

     (n) any other investments in any Person having an aggregate fair market value (measured on the
date each such investment was made and without giving effect to subsequent changes in value), when
taken together with all other investments made pursuant to this clause (n) do not exceed
$30,000,000; provided that not more than $20,000,000 of such investments may be made with
the proceeds of Loans and any such investments made in excess of $20,000,000 must be made with the
proceeds of cash equity offerings of the Borrower after the Second Amendment Effective Date.

     1.9 Amendments and Waivers. The first sentence of Section 11.02(b) of the Credit Agreement
shall be and it hereby is amended by replacing “August 1, 2007” with “the Conforming Date”.

     1.10 Redetermined Borrowing Base; Conforming Borrowing Base. This Amendment shall constitute
a notice of the redetermination of the Borrowing Base and the Conforming Borrowing Base pursuant to
Section 3.03 of the Credit Agreement and Administrative Agent hereby notifies Borrower
that, as of the Second Amendment Effective Date, the redetermined Borrowing Base is $117,000,000,
and the redetermined Conforming Borrowing Base is $100,000,000.

     1.11 Amendment to Schedule. Schedule 2.01 of the Credit Agreement shall be and it
hereby is amended in its entirety by substituting Schedule 2.01 which is attached hereto.

     1.12 Consent and Waiver. Notwithstanding anything to the contrary in Section
3.01 or Section 6.01(e) of the Credit Agreement, Administrative Agent and each Lender
hereby consents the extension of the deadline for delivery of the Reserve Report required as of
September 1, 2007 (the “September 2007 Reserve Report”) to November 15, 2007 and the date
of the Scheduled Redetermination to be made based on such Reserve Report to December 1, 2007. As
requested by Borrower, the Lenders hereby waive the Event of Default pursuant to Article IX,
clause (d) or clause (e) of the Credit Agreement arising as a result of Borrower’s failure to
deliver the September 2007 Reserve Report on or before September 1, 2007. The foregoing waiver is
expressly limited as follows: (a) such waiver is limited to the failure to deliver the September
2007 Reserve Report and (b) such waiver is a limited, one-time waiver, and nothing contained herein
shall obligate any Lender to grant any additional or future waiver

Second
Amendment to Credit Agreement – Page 3

 

 

of Sections 3.01 or 6.01(e) of the Credit Agreement for any other Reserve
Report or grant any additional or future waiver of any other provision of the Credit Agreement or
any other Loan Document.

SECTION 2. Assignment of Commitments and Loans. JPMorgan Chase Bank, N.A., as a Lender,
has agreed to assign a portion of its Commitment and the Loans to Guaranty Bank. After such
assignment of the Commitments and the Loans on the date hereof, Guaranty Bank and JPMorgan Chase
Bank, N.A. shall own the Applicable Percentages set forth on Schedule 2.01 of this Amendment. With
respect to such assignment, Guaranty Bank shall be deemed to have acquired the Commitments and
Loans allocated to it from JPMorgan Chase Bank, N.A., as a Lender, pursuant to the terms of the
Assignment and Assumption Agreement attached as “Exhibit A” to the Credit Agreement as if
Guaranty Bank and JPMorgan Chase Bank, N.A., as a Lender, had executed an Assignment and Assumption
Agreement with respect to such allocation. The funds delivered to Administrative Agent by Guaranty
Bank shall be allocated such that after giving effect to such allocation each of the Lenders shall
own the Commitment Percentages set forth on Schedule 2.01 to the Credit Agreement. Borrower and
the Administrative Agent hereby consent to such assignment.

SECTION 3. Conditions. The amendments to the Credit Agreement contained in Section
1 of this Amendment, the consent and waiver contained in Section 1 of this Amendment
and the assignment contained in Section 2 of this Amendment shall be effective upon the
satisfaction of each of the conditions set forth in this Section 3.

     3.1 Execution and Delivery. Each Credit Party, each Lender, including Guaranty Bank, and the
Administrative Agent shall have executed and delivered this Amendment.

     3.2 No Default. No Default shall have occurred and be continuing or shall result from
effectiveness of this Amendment.

     3.3 No Material Adverse Effect. No Material Adverse Effect shall have occurred since December
31, 2006.

     3.4 Fees. Borrower shall have paid to the Administrative Agent, for the benefit of the
Lenders, fees payable in the amounts and at the times separately agreed upon between the
Administrative Agent and the Borrower.

     3.5 Note. Borrower shall have executed and delivered a promissory note payable to Guaranty
Bank in accordance with Section 2.08(e) of the Credit Agreement.

     3.6 Other Documents. The Administrative Agent shall have received such other instruments and
documents incidental and appropriate to the transaction provided for herein as the Administrative
Agent or its special counsel may reasonably request, and all such documents shall be in form and
substance satisfactory to the Administrative Agent.

SECTION 4. Representations and Warranties of Borrower. To induce the Lenders to enter into
this Amendment, the Borrower hereby represents and warrants to the Lenders as follows:

Second
Amendment to Credit Agreement – Page 4

 

 

     4.1 Reaffirmation of Representations and Warranties/Further Assurances. After giving effect
to the amendments herein, each representation and warranty of the Borrower contained in the Credit
Agreement or in any of the other Loan Documents is true and correct in all material respects as of
the Second Amendment Effective Date (except to the extent such representations and warranties
specifically refer to an earlier date).

     4.2 Corporate Authority; No Conflicts. The execution, delivery and performance by the
Borrower (to the extent a party hereto or thereto) of this Amendment and all documents, instruments
and agreements contemplated herein are within Borrower’ corporate or other organizational powers,
have been duly authorized by necessary action, require no action by or in respect of, or filing
with, any court or agency of government and do not violate or constitute a default under any
provision of any applicable law or other agreements binding upon Borrower or result in the creation
or imposition of any Lien upon any of the assets of Borrower except for Permitted Liens and
otherwise as permitted in the Credit Agreement.

     4.3 Enforceability. This Amendment constitutes the valid and binding obligation of Borrower
enforceable in accordance with its terms, except as (i) the enforceability thereof may be limited
by bankruptcy, insolvency or similar laws affecting creditor’s rights generally, and (ii) the
availability of equitable remedies may be limited by equitable principles of general application.

SECTION 5. Miscellaneous.

     5.1 Reaffirmation of Loan Documents and Liens. Any and all of the terms and provisions of the
Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in
full force and effect. Borrower hereby agrees that the amendments and modifications herein
contained shall in no manner affect or impair the liabilities, duties and obligations of Borrower
under the Credit Agreement and the other Loan Documents or the Liens securing the payment and
performance thereof.

     5.2 Parties in Interest. All of the terms and provisions of this Amendment shall bind and
inure to the benefit of the parties hereto and their respective successors and assigns.

     5.3 Legal Expenses. Borrower hereby agrees to pay all reasonable fees and expenses of special
counsel to the Administrative Agent incurred by the Administrative Agent in connection with the
preparation, negotiation and execution of this Amendment and all related documents.

     5.4 Counterparts. This Amendment may be executed in one or more counterparts and by different
parties hereto in separate counterparts each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one and the same
instrument; signature pages may be detached from multiple separate counterparts and attached to a
single counterpart so that all signature pages are physically attached to the same document.
However, this Amendment shall bind no party until Borrower, the Lenders, and the Administrative
Agent have executed a counterpart. Delivery of photocopies of the signature pages to this
Amendment by facsimile or electronic mail shall be effective as delivery of manually executed
counterparts of this Amendment.

Second
Amendment to Credit Agreement – Page 5

 

 

     5.5 Complete Agreement. THIS AMENDMENT, THE CREDIT AGREEMENT, AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN
THE PARTIES.

     5.6 Headings. The headings, captions and arrangements used in this Amendment are, unless
specified otherwise, for convenience only and shall not be deemed to limit, amplify or modify the
terms of this Amendment, nor affect the meaning thereof.

[Remainder of page intentionally blank]

Second
Amendment to Credit Agreement – Page 6

 

 

     IN WITNESS WHEREOF, the parties have caused the Second Amendment to Credit Agreement to be
duly executed by their respective authorized officers to be effective as of the date first above
written.

	 	 	 	 	 	 	 
	 	 	BORROWER:	 	 
	 
	 	 	 	 	 	 
	 	 	CARRIZO OIL & GAS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Paul F. Boling	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Paul F. Boling	 	 
	 	 	Title:   Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	GUARANTORS:	 	 
	 
	 	 	 	 	 	 
	 	 	CCBM, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Paul F. Boling	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Paul F. Boling	 	 
	 	 	Title:   Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	CLLR, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Paul F. Boling	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Paul F. Boling	 	 
	 	 	Title:   Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	ADMINISTRATIVE AGENT AND LENDER:	 	 
	 
	 	 	JPMORGAN CHASE BANK,
NATIONAL ASSOCIATION, individually and as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kimberly A. Coil	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	Kimberly A. Coil	 	 
	 

	 	Title:	 	Vice President	 	 

Second Amendment to Credit Agreement

Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	GUARANTY BANK	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kelly L. Elmore III	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	Kelly L. Elmore III	 	 
	 

	 	Title:	 	Senior Vice President	 	 

Second Amendment to Credit Agreement

Signature Page

 

 

SCHEDULE 2.01

Applicable Percentages And Commitments

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Applicable	 	 	 	 	 	Maximum
	 Lender	 	Title	 	Percentage	 	Commitment1	 	Facility Amount
	JPMorgan Chase Bank,

	 	Administrative Agent	 	 	55.555556	%	 	$	65,000,000	 	 	$	111,111,112	 
	National Association

10 SouthDearborn, Fl 7

Mail Code IL1-0010

Chicago, Illinois 60603-2003

Attention: Marlene Zanoria

Telephone: (312) 385-7071

Facsimile: (312) 385-7096

marlene.e.zanoria@jpmchase.com

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	With a copy to:

JPMorgan Chase Bank, N.A.

712 Main Street

8th Floor, South

Houston, Texas 77002

Attention: Jo Linda Papadakis

Telephone: (713) 216-7743

Facsimile: (713) 216-7770

jo.l.papadakis@jpmorgan.com
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Guaranty Bank

	 	 	 	 	 	 	44.444444	%	 	$	52,000,000	 	 	$	88,888,888	 
	333 Clay Street

Suite 4400

Houston, TX 77002

Attention: Kelly L. Elmore III

Telephone: (713) 890-8849

Facsimile: (713) 890-8868

kelly.elmore@guarantybank.com
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	 	 	 	 	 	100.00000	%	 	$	117,000,000	 	 	$	200,000,000	 

 

			
	1	 	As of the Second Amendment Effective Date and subject to adjustment as a result of changes in the Borrowing Base.

Second Amendment to Credit Agreement

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