Document:

<PAGE>

                                                                   Exhibit 4.2.2

--------------------------------------------------------------------------------

                          REGISTRATION RIGHTS AGREEMENT

                           Dated as of March 25, 2003

                                      Among

                           TRUMP CASINO HOLDINGS, LLC,

                           TRUMP CASINO FUNDING, INC.

                                       and

                           THE GUARANTORS NAMED HEREIN

                                   as Issuers,

                                       and

                         DEUTSCHE BANK SECURITIES INC.,

                         CREDIT SUISSE FIRST BOSTON LLC,

                                 UBS WARBURG LLC

                                       and

                           JEFFERIES & COMPANY, INC.,

                              as Initial Purchasers

                 17 5/8% Second Priority Mortgage Notes due 2010

--------------------------------------------------------------------------------

<PAGE>

                                TABLE OF CONTENTS

                                                           Page
                                                           ----

1.       DEFINITIONS..........................................1

2.       EXCHANGE OFFER.......................................5

3.       SHELF REGISTRATION...................................9

4.       ADDITIONAL INTEREST.................................10

5.       REGISTRATION PROCEDURES.............................12

6.       REGISTRATION EXPENSES...............................21

7.       INDEMNIFICATION AND CONTRIBUTION....................22

8.       RULES 144 AND 144A..................................26

9.       UNDERWRITTEN REGISTRATIONS..........................26

10.      MISCELLANEOUS.......................................27

                                       -i-

<PAGE>

                          REGISTRATION RIGHTS AGREEMENT

                  This Registration Rights Agreement (this "Agreement") is dated
as of March 25, 2003, among TRUMP CASINO HOLDINGS, LLC, a Delaware corporation
(the "Company"), TRUMP CASINO FUNDING, INC., a Delaware corporation ("TC
Funding"), the subsidiaries of the Company that are listed on the signature
pages hereto (excluding TC Funding) (collectively, and together with any entity
that in the future executes a supplemental indenture pursuant to which such
entity agrees to guarantee the Notes (as hereinafter defined) the "Guarantors",
and, together with the Company and TC Funding, the "Issuers"), and DEUTSCHE BANK
SECURITIES INC., CREDIT SUISSE FIRST BOSTON LLC, UBS WARBURG LLC and JEFFERIES &
COMPANY, INC. as initial purchasers (the "Initial Purchasers").

                  This Agreement is entered into in connection with the Purchase
Agreement by and among the Issuers and the Initial Purchasers, dated as of March
13, 2003 (the "Purchase Agreement"), which provides for, among other things, the
sale by the Company and TC Funding to the Initial Purchasers of $50,000,000
aggregate principal amount of the Company's and TC Funding's 17 5/8% Second
Priority Mortgage Notes due 2010 (the "Notes") and $425,000,000 aggregate
principal amount of the Company's and TC Funding's 11 5/8% First Priority
Mortgage Notes due 2010, guaranteed by the Guarantors (the "Guarantees"). The
Notes and the Guarantees are collectively referenced to herein as the
"Securities". In order to induce the Initial Purchasers to enter into the
Purchase Agreement, the Issuers have agreed to provide the registration rights
set forth in this Agreement for the benefit of the Initial Purchasers and any
subsequent holder or holders of the Securities. The execution and delivery of
this Agreement is a condition to the Initial Purchasers' obligation to purchase
the Securities under the Purchase Agreement.

                  The parties hereby agree as follows:

         1.       Definitions

                  As used in this Agreement, the following terms shall have the
following meanings:

                  Additional Interest: See Section 4(a) hereof.

                  Advice: See the last paragraph of Section 5 hereof.

                  Agreement: See the introductory paragraphs hereto.

                  Applicable Period: See Section 2(b) hereof.

<PAGE>

                                       -2-

                  Business Day: Any day that is not a Saturday, Sunday or a day
on which banking institutions in New York are authorized or required by law to
be closed.

                  Company: See the introductory paragraphs hereto.

                  Effectiveness Date: With respect to (i) the Exchange Offer
Registration Statement, the 210th day after the Issue Date and (ii) any Shelf
Registration Statement, the 120th day after the Filing Date with respect
thereto; provided, however, that if the Effectiveness Date would otherwise fall
on a day that is not a Business Day, then the Effectiveness Date shall be the
next succeeding Business Day.

                  Effectiveness Period: See Section 3(a) hereof.

                  Event Date: See Section 4(b) hereof.

                  Exchange Act: The Securities Exchange Act of 1934, as amended,
and the rules and regulations of the SEC promulgated thereunder.

                  Exchange Securities: See Section 2(a) hereof.

                  Exchange Offer: See Section 2(a) hereof.

                  Exchange Offer Registration Statement: See Section 2(a)
hereof.

                  Filing Date: (A) If no Registration Statement has been filed
by the Issuers pursuant to this Agreement, the 90th day after the Issue Date;
and (B) in any other case (which may be applicable notwithstanding the
consummation of the Exchange Offer), the 90th day after the delivery of a Shelf
Notice as required pursuant to Section 2(c) hereof; provided, however, that if
the Filing Date would otherwise fall on a day that is not a Business Day, then
the Filing Date shall be the next succeeding Business Day.

                  Guarantees: See the introductory paragraphs hereto.

                  Guarantors: See the introductory paragraphs hereto.

                  Holder: Any holder of a Registrable Security or Registrable
Securities.

                  Indenture: The Indenture, dated as of March 25, 2003, by and
among the Issuers and U.S. Bank National Association, as Trustee, pursuant to
which the Securities are being issued, as amended or supplemented from time to
time in accordance with the terms thereof.

                  Information: See Section 5(o) hereof.

<PAGE>

                                       -3-

                  Initial Purchasers: See the introductory paragraphs hereto.

                  Initial Shelf Registration: See Section 3(a) hereof.

                  Inspectors: See Section 5(o) hereof.

                  Issue Date: March 25, 2003, the date of original issuance of
the Securities.

                  Issuers: See the introductory paragraphs hereto.

                  NASD: See Section 5(s) hereof.

                  Notes: See the introductory paragraphs hereto.

                  Participant: See Section 7(a) hereof.

                  Participating Broker-Dealer: See Section 2(b) hereof.

                  Person: An individual, trustee, corporation, partnership,
limited liability company, joint stock company, trust, unincorporated
association, union, business association, firm or other legal entity.

                  Private Exchange: See Section 2(b) hereof.

                  Private Exchange Securities: See Section 2(b) hereof.

                  Prospectus: The prospectus included in any Registration
Statement (including, without limitation, any prospectus subject to completion
and a prospectus that includes any information previously omitted from a
prospectus filed as part of an effective registration statement in reliance upon
Rule 430A under the Securities Act and any term sheet filed pursuant to Rule 434
under the Securities Act), as amended or supplemented by any prospectus
supplement, and all other amendments and supplements to the Prospectus,
including post-effective amendments, and all material incorporated by reference
or deemed to be incorporated by reference in such Prospectus.

                  Purchase Agreement: See the introductory paragraphs hereof.

                  Records: See Section 5(o) hereof.

                  Registrable Securities: Each Security upon its original
issuance and at all times subsequent thereto, each Exchange Security as to which
Section 2(c)(iv) hereof is applicable upon original issuance and at all times
subsequent thereto and each Private Exchange Security upon original issuance
thereof and at all times subsequent thereto, until, in

<PAGE>

                                       -4-

each case, the earliest to occur of (i) a Registration Statement (other than,
with respect to any Exchange Security as to which Section 2(c)(iv) hereof is
applicable, the Exchange Offer Registration Statement) covering such Security,
Exchange Security or Private Exchange Security has been declared effective by
the SEC and such Security, Exchange Security or such Private Exchange Security,
as the case may be, has been disposed of in accordance with such effective
Registration Statement, (ii) such Security has been exchanged pursuant to the
Exchange Offer for an Exchange Security or Exchange Securities that may be
resold without restriction under state and federal securities laws, (iii) such
Security, Exchange Security or Private Exchange Security, as the case may be,
ceases to be outstanding for purposes of the Indenture or (iv) such Security,
Exchange Security or Private Exchange Security, as the case may be, may be
resold without restriction pursuant to Rule 144(k) (as amended or replaced)
under the Securities Act.

                  Registration Statement: Any registration statement of the
Issuers that covers any of the Securities, the Exchange Securities or the
Private Exchange Securities (and the related guarantees) filed with the SEC
under the Securities Act, including the Prospectus, amendments and supplements
to such registration statement, including post-effective amendments, all
exhibits, and all material incorporated by reference or deemed to be
incorporated by reference in such registration statement.

                  Rule 144: Rule 144 under the Securities Act.

                  Rule 144A: Rule 144A under the Securities Act.

                  Rule 405: Rule 405 under the Securities Act.

                  Rule 415: Rule 415 under the Securities Act.

                  Rule 424: Rule 424 under the Securities Act.

                  SEC: The U.S. Securities and Exchange Commission.

                  Securities: See the introductory paragraphs hereto.

                  Securities Act: The Securities Act of 1933, as amended, and
the rules and regulations of the SEC promulgated thereunder.

                  Shelf Notice: See Section 2(c) hereof.

                  Shelf Registration: See Section 3(b) hereof.

                  Shelf Registration Statement: Any Registration Statement
relating to a Shelf Registration.

<PAGE>

                                       -5-

                  Subsequent Shelf Registration: See Section 3(b) hereof.

                  TIA: The Trust Indenture Act of 1939, as amended.

                  Trustee: The trustee under the Indenture and the trustee (if
any) under any indenture governing the Exchange Securities and Private Exchange
Securities (and the related guarantees).

                  Underwritten registration or underwritten offering: A
registration in which securities of one or more of the Issuers are sold to an
underwriter for reoffering to the public.

                  Except as otherwise specifically provided, all references in
this Agreement to acts, laws, statutes, rules, regulations, releases, forms,
no-action letters and other regulatory requirements (collectively, "Regulatory
Requirements") shall be deemed to refer also to any amendments thereto and all
subsequent Regulatory Requirements adopted as a replacement thereto having
substantially the same effect therewith; provided that Rule 144 shall not be
deemed to amend or replace Rule 144A.

         2.       Exchange Offer

                  (a)    Unless the Exchange Offer would violate applicable law
or any applicable interpretation of the staff of the SEC, the Issuers shall file
with the SEC, no later than the Filing Date, a Registration Statement (the
"Exchange Offer Registration Statement") on an appropriate registration form
with respect to a registered offer (the "Exchange Offer") to exchange any and
all of the Registrable Securities for a like aggregate principal amount of debt
securities of the Company and TC Funding (the "Exchange Securities"), guaranteed
by the Guarantors, that are identical in all material respects to the
Securities, except that (i) the Exchange Securities shall contain no restrictive
legend thereon and (ii) interest thereon shall accrue from the last date on
which interest was paid on the Securities or, if no such interest has been paid,
from the Issue Date, and which are entitled to the benefits of the Indenture or
a trust indenture which is identical in all material respects to the Indenture
(other than such changes to the Indenture or any such identical trust indenture
as are necessary to comply with the TIA) and which, in either case, has been
qualified under the TIA. The Exchange Offer shall comply with all applicable
tender offer rules and regulations under the Exchange Act and other applicable
laws. The Issuers shall use their reasonable best efforts to (x) cause the
Exchange Offer Registration Statement to be declared effective under the
Securities Act on or before the Effectiveness Date; (y) keep the Exchange Offer
open for at least 30 days (or longer if required by applicable law) after the
date that notice of the Exchange Offer is mailed to Holders; and (z) consummate
the Exchange Offer on or prior to the 240th day following the Issue Date.

<PAGE>

                                       -6-

                  Each Holder (including, without limitation, each Participating
Broker-Dealer) who participates in the Exchange Offer will be required to
represent to the Issuers in writing (which may be contained in the applicable
letter of transmittal) that: (i) any Exchange Securities acquired in exchange
for Registrable Securities tendered are being acquired in the ordinary course of
business of the Person receiving such Exchange Securities, whether or not such
recipient is such Holder itself; (ii) at the time of the commencement or
consummation of the Exchange Offer neither such Holder nor, to the actual
knowledge of such Holder, any other Person receiving Exchange Securities from
such Holder has an arrangement or understanding with any Person to participate
in the distribution of the Exchange Securities in violation of the provisions of
the Securities Act; (iii) neither the Holder nor, to the actual knowledge of
such Holder, any other Person receiving Exchange Securities from such Holder is
an "affiliate" (as defined in Rule 405) of the Company or TC Funding or, if it
is an affiliate of the Company or TC Funding, it will comply with the
registration and prospectus delivery requirements of the Securities Act to the
extent applicable and will provide information to be included in the Shelf
Registration Statement in accordance with Section 5 hereof in order to have
their Securities included in the Shelf Registration Statement and benefit from
the provisions regarding Additional Interest in Section 4 hereof; (iv) neither
such Holder nor, to the actual knowledge of such Holder, any other Person
receiving Exchange Securities from such Holder is engaging in or intends to
engage in a distribution of the Exchange Securities; and (v) if such Holder is a
Participating Broker-Dealer, such Holder has acquired the Registrable Securities
as a result of market-making activities or other trading activities and that it
will comply with the applicable provisions of the Securities Act (including, but
not limited to, the prospectus delivery requirements thereunder).

                  Upon consummation of the Exchange Offer in accordance with
this Section 2, the provisions of this Agreement shall continue to apply,
mutatis mutandis, solely with respect to Registrable Securities that are Private
Exchange Securities, Exchange Securities as to which Section 2(c)(iv) is
applicable and Exchange Securities held by Participating Broker-Dealers, and the
Issuers shall have no further obligation to register Registrable Securities
(other than Private Exchange Securities and Exchange Securities as to which
clause 2(c)(iv) hereof applies) pursuant to Section 3 hereof.

                  No securities other than the Exchange Securities shall be
included in the Exchange Offer Registration Statement.

                  (b)    The Issuers shall include within the Prospectus
contained in the Exchange Offer Registration Statement a section entitled "Plan
of Distribution," reasonably acceptable to the Initial Purchasers, which shall
contain a summary statement of the positions taken or policies made by the staff
of the SEC with respect to the potential "underwriter" status of any
broker-dealer that is the "beneficial owner" (as defined in Rule 13d-3 under the
Exchange Act) of Exchange Securities received by such broker-dealer in the
Exchange Offer (a "Participating Broker-Dealer"), whether such positions or
policies have been publicly

<PAGE>

                                       -7-

disseminated by the staff of the SEC or such positions or policies represent the
prevailing views of the staff of the SEC. Such "Plan of Distribution" section
shall also expressly permit, to the extent permitted by applicable policies and
regulations of the SEC, the use of the Prospectus by all Persons subject to the
prospectus delivery requirements of the Securities Act, including, to the extent
permitted by applicable policies and regulations of the SEC, all Participating
Broker-Dealers, and include a statement describing the means by which
Participating Broker-Dealers may resell the Exchange Securities in compliance
with the Securities Act.

                  The Issuers shall use their reasonable best efforts to keep
the Exchange Offer Registration Statement effective and to amend and supplement
the Prospectus contained therein in order to permit such Prospectus to be
lawfully delivered by all Persons subject to the prospectus delivery
requirements of the Securities Act for such period of time as is necessary to
comply with applicable law in connection with any resale of the Exchange
Securities; provided, however, that such period shall not be required to exceed
90 days or such longer period if extended pursuant to the last paragraph of
Section 5 hereof (the "Applicable Period").

                  If, prior to consummation of the Exchange Offer, the Initial
Purchasers hold any Securities acquired by them that have the status of an
unsold allotment in the initial distribution, the Issuers upon the request of
the Initial Purchasers shall simultaneously with the delivery of the Exchange
Securities issue and deliver to the Initial Purchasers, in exchange (the
"Private Exchange") for such Securities held by any such Holder, a like
principal amount of securities (the "Private Exchange Securities") of the
Issuers that are identical in all material respects to the Exchange Securities
except for the placement of a restrictive legend on such Private Exchange
Securities. The Private Exchange Securities shall be issued pursuant to the same
indenture as the Exchange Securities and bear the same CUSIP number as the
Exchange Securities.

                  In connection with the Exchange Offer, the Issuers shall:

                  (1)    mail, or cause to be mailed, to each Holder of record
         entitled to participate in the Exchange Offer, a copy of the Prospectus
         forming part of the Exchange Offer Registration Statement, together
         with an appropriate letter of transmittal and related documents;

                  (2)    use their reasonable best efforts to keep the Exchange
         Offer open for not less than 30 days after the date that notice of the
         Exchange Offer is mailed to Holders (or longer if required by
         applicable law);

                  (3)    utilize the services of a depositary for the Exchange
         Offer with an address in the Borough of Manhattan, The City of New
         York;

<PAGE>

                                       -8-

                  (4)    permit Holders to withdraw tendered Securities at any
         time prior to the close of business, New York time, on the last
         Business Day on which the Exchange Offer remains open; and

                  (5)    otherwise comply in all material respects with all
         applicable laws, rules and regulations.

                  As soon as practicable after the close of the Exchange Offer
and the Private Exchange, if any, the Issuers shall:

                  (1)    accept for exchange all Registrable Securities validly
         tendered and not validly withdrawn pursuant to the Exchange Offer and
         the Private Exchange, if any;

                  (2)    deliver to the Trustee for cancellation all Registrable
         Securities so accepted for exchange; and

                  (3)    cause the Trustee to authenticate and deliver promptly
         to each Holder of Securities, Exchange Securities or Private Exchange
         Securities, as the case may be, equal in principal amount to the
         Securities of such Holder so accepted for exchange; provided that, in
         the case of any Securities held in global form by a depositary,
         authentication and delivery to such depositary of one or more
         replacement Securities in global form in an equivalent principal amount
         thereto for the account of such Holders in accordance with the
         Indenture shall satisfy such authentication and delivery requirement.

                  The Exchange Offer and the Private Exchange shall not be
subject to any conditions, other than that (i) the Exchange Offer or Private
Exchange, as the case may be, does not violate applicable law or any applicable
interpretation of the staff of the SEC; (ii) no action or proceeding shall have
been instituted or threatened in any court or by any governmental agency which
might materially impair the ability of the Issuers to proceed with the Exchange
Offer or the Private Exchange, and no material adverse development shall have
occurred in any existing action or proceeding with respect to the Issuers; and
(iii) all governmental approvals shall have been obtained, which approvals the
Issuers deem necessary for the consummation of the Exchange Offer or Private
Exchange.

                  The Exchange Securities and the Private Exchange Securities
shall be issued under (i) the Indenture or (ii) an indenture identical in all
material respects to the Indenture and which, in either case, has been qualified
under the TIA or is exempt from such qualification and shall provide that the
Exchange Securities shall not be subject to the transfer restrictions set forth
in the Indenture. The Indenture or such indenture shall provide that the
Exchange Securities, the Private Exchange Securities and the Securities shall
vote and consent together on all matters as one class and that none of the
Exchange Securities, the Private

<PAGE>

                                       -9-

Exchange Securities or the Securities will have the right to vote or consent as
a separate class on any matter.

                  (c)    If, (i) because of any change in law or in currently
prevailing interpretations of the staff of the SEC, the Issuers are not
permitted to effect the Exchange Offer, (ii) the Exchange Offer is not
consummated within 240 days of the Issue Date, (iii) the Initial Purchasers or
any holder of Private Exchange Securities so requests in writing to the Company
at any time, or (iv) in the case of any Holder that participates in the Exchange
Offer, such Holder does not receive Exchange Securities on the date of the
exchange that may be sold without restriction under state and federal securities
laws (other than due solely to the status of such Holder as an affiliate of the
Issuers within the meaning of the Securities Act) and so notifies the Company
within 30 days after such Holder first becomes aware of such restrictions, in
the case of each of clauses (i) to and including (iv) of this sentence, then the
Issuers shall promptly deliver to the Holders and the Trustee written notice
thereof (the "Shelf Notice") and shall file a Shelf Registration pursuant to
Section 3 hereof.

         3.       Shelf Registration

                  If at any time a Shelf Notice is delivered as contemplated by
Section 2(c) hereof, then:

                  (a)    Shelf Registration. The Issuers shall as promptly as
         practicable file with the SEC a Registration Statement for an offering
         to be made on a continuous basis pursuant to Rule 415 covering all of
         the Registrable Securities (the "Initial Shelf Registration"). The
         Issuers shall use their reasonable best efforts to file with the SEC
         the Initial Shelf Registration on or prior to the applicable Filing
         Date. The Initial Shelf Registration shall be on Form S-1 or another
         appropriate form permitting registration of such Registrable Securities
         for resale by Holders in the manner or manners designated by them
         (including, without limitation, one or more underwritten offerings).
         The Issuers shall not permit any securities other than the Registrable
         Securities to be included in the Initial Shelf Registration or any
         Subsequent Shelf Registration (as defined below).

                  The Issuers shall use their reasonable best efforts to cause
         the Shelf Registration to be declared effective under the Securities
         Act on or prior to the Effectiveness Date and to keep the Initial Shelf
         Registration continuously effective under the Securities Act until the
         date that is two years from the Issue Date or such shorter period
         ending when all Registrable Securities covered by the Initial Shelf
         Registration have been sold in the manner set forth and as contemplated
         in the Initial Shelf Registration or, if applicable, a Subsequent Shelf
         Registration (the "Effectiveness Period"); provided, however, that the
         Effectiveness Period in respect of the Initial Shelf Registration shall
         be extended to the extent required to permit dealers

<PAGE>

                                      -10-

         to comply with the applicable prospectus delivery requirements of Rule
         174 under the Securities Act and as otherwise provided herein and shall
         be subject to reduction to the extent that the applicable provisions of
         Rule 144(k) are amended or revised to reduce the two year holding
         period set forth therein.

                  (b)    Withdrawal of Stop Orders; Subsequent Shelf
         Registrations. If the Initial Shelf Registration or any Subsequent
         Shelf Registration ceases to be effective for any reason at any time
         during the Effectiveness Period (other than because of the sale of all
         of the Securities registered thereunder), the Issuers shall use their
         reasonable best efforts to obtain the prompt withdrawal of any order
         suspending the effectiveness thereof, and in any event shall within 30
         days of such cessation of effectiveness amend such Shelf Registration
         Statement in a manner to obtain the withdrawal of the order suspending
         the effectiveness thereof, or file an additional Shelf Registration
         Statement pursuant to Rule 415 covering all of the Registrable
         Securities covered by and not sold under the Initial Shelf Registration
         or an earlier Subsequent Shelf Registration (each, a "Subsequent Shelf
         Registration"). If a Subsequent Shelf Registration is filed, the
         Issuers shall use their reasonable best efforts to cause the Subsequent
         Shelf Registration to be declared effective under the Securities Act as
         soon as practicable after such filing and to keep such subsequent Shelf
         Registration continuously effective for a period equal to the number of
         days in the Effectiveness Period less the aggregate number of days
         during which the Initial Shelf Registration or any Subsequent Shelf
         Registration was previously continuously effective. As used herein the
         term "Shelf Registration" means the Initial Shelf Registration and any
         Subsequent Shelf Registration.

                  (c)    Supplements and Amendments. The Issuers shall promptly
         supplement and amend the Shelf Registration if required by the rules,
         regulations or instructions applicable to the registration form used
         for such Shelf Registration, if required by the Securities Act, or if
         reasonably requested by the Holders of a majority in aggregate
         principal amount of the Registrable Securities (or their counsel)
         covered by such Registration Statement with respect to the information
         included therein with respect to one or more of such Holders, or by any
         underwriter of such Registrable Securities with respect to the
         information included therein with respect to such underwriter.

         4.       Additional Interest

                  (a)    The Issuers and the Initial Purchasers agree that the
Holders will suffer damages if the Issuers fail to fulfill their obligations
under Section 2 or Section 3 hereof and that it would not be feasible to
ascertain the extent of such damages with precision. Accordingly, the Issuers
agree to pay, jointly and severally, as liquidated damages, additional interest
on the Securities ("Additional Interest") under the circumstances and to the
extent set forth below (each of which shall be given independent effect):

<PAGE>

                                      -11-

                  (i)    if (A) neither the Exchange Offer Registration
         Statement nor the Initial Shelf Registration has been filed on or prior
         to the Filing Date applicable thereto or (B) notwithstanding that the
         Issuers have consummated or will consummate the Exchange Offer, the
         Issuers are required to file a Shelf Registration and such Shelf
         Registration is not filed on or prior to the Filing Date applicable
         thereto, then, commencing on the day after any such Filing Date,
         Additional Interest shall accrue on the principal amount of the
         Securities at a rate of 0.50% per annum for the first 90 days
         immediately following such applicable Filing Date, and such Additional
         Interest rate shall increase by an additional 0.50% per annum at the
         beginning of each subsequent 90-day period; or

                  (ii)   if (A) neither the Exchange Offer Registration
         Statement nor the Initial Shelf Registration is declared effective by
         the SEC on or prior to the Effectiveness Date applicable thereto or (B)
         notwithstanding that the Issuers have consummated or will consummate
         the Exchange Offer, the Issuers are required to file a Shelf
         Registration and such Shelf Registration is not declared effective by
         the SEC on or prior to the Effectiveness Date applicable to such Shelf
         Registration, then, commencing on the day after such Effectiveness
         Date, Additional Interest shall accrue on the principal amount of the
         Securities at a rate of 0.50% per annum for the first 90 days
         immediately following the day after such Effectiveness Date, and such
         Additional Interest rate shall increase by an additional 0.50% per
         annum at the beginning of each subsequent 90-day period; or

                  (iii)  if (A) the Issuers have not exchanged Exchange
         Securities for all Securities validly tendered in accordance with the
         terms of the Exchange Offer on or prior to the 30th day after the
         Effectiveness Date or (B) if applicable, a Shelf Registration has been
         declared effective and such Shelf Registration ceases to be effective
         at any time during the Effectiveness Period, then Additional Interest
         shall accrue on the principal amount of the Securities at a rate of
         0.50% per annum for the first 90 days commencing on the (x) 31st day
         after the Issue Date, in the case of (A) above, or (y) the day such
         Shelf Registration ceases to be effective in the case of (B) above, and
         such Additional Interest rate shall increase by an additional 0.50% per
         annum at the beginning of each such subsequent 90-day period;

provided, however, that the Additional Interest rate on the Securities may not
accrue under more than one of the foregoing clauses (i) - (iii) at any one time
and at no time shall the aggregate amount of additional interest accruing exceed
in the aggregate 2.0% per annum; provided, further, however, that (1) upon the
filing of the applicable Exchange Offer Registration Statement or the applicable
Shelf Registration as required hereunder (in the case

<PAGE>

                                      -12-

of clause (i) above of this Section 4), (2) upon the effectiveness of the
Exchange Offer Registration Statement or the applicable Shelf Registration
Statement as required hereunder (in the case of clause (ii) of this Section 4),
or (3) upon the exchange of the Exchange Securities for all Securities tendered
(in the case of clause (iii)(A) of this Section 4), or upon the effectiveness of
the applicable Shelf Registration Statement which had ceased to remain effective
(in the case of (iii)(B) of this Section 4), Additional Interest on the
Securities in respect of which such events relate as a result of such clause (or
the relevant subclause thereof), as the case may be, shall cease to accrue.

                  (b)    The Issuers shall notify the Trustee within one
business day after each and every date on which an event occurs in respect of
which Additional Interest is required to be paid (an "Event Date"). Any amounts
of Additional Interest due pursuant to (a)(i), (a)(ii) or (a)(iii) of this
Section 4 will be payable in cash semiannually on each June 15 and December 15
(to the holders of record on the June 1 and December 1 immediately preceding
such dates), commencing with the first such date occurring after any such
Additional Interest commences to accrue. The amount of Additional Interest will
be determined by multiplying the applicable Additional Interest rate by the
principal amount of the Registrable Securities, multiplied by a fraction, the
numerator of which is the number of days such Additional Interest rate was
applicable during such period (determined on the basis of a 360 day year
comprised of twelve 30 day months and, in the case of a partial month, the
actual number of days elapsed), and the denominator of which is 360.

         5.       Registration Procedures

                  In connection with the filing of any Registration Statement
pursuant to Section 2 or 3 hereof, the Issuers shall effect such registrations
to permit the sale of the securities covered thereby in accordance with the
intended method or methods of disposition thereof, and pursuant thereto and in
connection with any Registration Statement filed by the Issuers hereunder each
of the Issuers shall:

                  (a)    Prepare and file with the SEC prior to the applicable
         Filing Date a Registration Statement or Registration Statements as
         prescribed by Section 2 or 3 hereof, and use its reasonable best
         efforts to cause each such Registration Statement to become effective
         and remain effective as provided herein; provided, however, that if (1)
         such filing is pursuant to Section 3 hereof or (2) a Prospectus
         contained in the Exchange Offer Registration Statement filed pursuant
         to Section 2 hereof is required to be delivered under the Securities
         Act by any Participating Broker-Dealer who seeks to sell Exchange
         Securities during the Applicable Period relating thereto from whom any
         Issuer has received written notice that it will be a Participating
         Broker-Dealer in the Exchange Offer, before filing any Registration
         Statement or Prospectus or any amendments or supplements thereto, the
         Issuers shall furnish to and afford the Holders of the Registrable
         Securities covered by such Registration Statement (with respect to a

<PAGE>

                                      -13-

         Registration Statement filed pursuant to Section 3 hereof) or each such
         Participating Broker-Dealer (with respect to any such Registration
         Statement), as the case may be, their counsel and the managing
         underwriters, if any, a reasonable opportunity to review copies of all
         such documents (including copies of any documents to be incorporated by
         reference therein and all exhibits thereto) proposed to be filed (in
         each case at least five business days prior to such filing). The
         Issuers shall not file any Registration Statement or Prospectus or any
         amendments or supplements thereto if the Holders of a majority in
         aggregate principal amount of the Registrable Securities covered by
         such Registration Statement, their counsel, or the managing
         underwriters, if any, shall reasonably object on a timely basis.

                  (b)    Prepare and file with the SEC such amendments and
         post-effective amendments to each Shelf Registration Statement or
         Exchange Offer Registration Statement, as the case may be, as may be
         necessary to keep such Registration Statement continuously effective
         for the Effectiveness Period, the Applicable Period or until
         consummation of the Exchange Offer, as the case may be; cause the
         related Prospectus to be supplemented by any Prospectus supplement
         required by applicable law, and as so supplemented to be filed pursuant
         to Rule 424; and comply with the provisions of the Securities Act and
         the Exchange Act applicable to it with respect to the disposition of
         all securities covered by such Registration Statement as so amended or
         in such Prospectus as so supplemented and with respect to the
         subsequent resale of any securities being sold by an Participating
         Broker-Dealer covered by any such Prospectus. The Issuers shall be
         deemed not to have used their reasonable best efforts to keep a
         Registration Statement effective if any Issuer voluntarily takes any
         action that would result in selling Holders of the Registrable
         Securities covered thereby or Participating Broker-Dealers seeking to
         sell Exchange Securities not being able to sell such Registrable
         Securities or such Exchange Securities during that period unless such
         action is required by applicable law or permitted by this Agreement.

                  (c)    If (1) a Shelf Registration is filed pursuant to
         Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer
         Registration Statement filed pursuant to Section 2 hereof is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Securities during the
         Applicable Period relating thereto from whom any Issuer has received
         written notice that it will be a Participating Broker-Dealer in the
         Exchange Offer, notify the selling Holders of Registrable Securities
         (with respect to a Registration Statement filed pursuant to Section 3
         hereof), or each such Participating Broker-Dealer (with respect to any
         such Registration Statement), as the case may be, their counsel and the
         managing underwriters, if any, promptly (but in any event within one
         business day), and confirm such notice in writing, (i) when a
         Prospectus or any Prospectus supplement or post-effective amendment has
         been filed, and, with respect to a Registration Statement or any
         post-effective amendment, when the same has become

<PAGE>

                                      -14-

         effective under the Securities Act (including in such notice a written
         statement that any Holder may, upon request, obtain, at the sole
         expense of the Issuers, one conformed copy of such Registration
         Statement or post-effective amendment including financial statements
         and schedules, documents incorporated or deemed to be incorporated by
         reference and exhibits), (ii) of the issuance by the SEC of any stop
         order suspending the effectiveness of a Registration Statement or of
         any order preventing or suspending the use of any preliminary
         prospectus or the initiation of any proceedings for that purpose, (iii)
         if at any time when a prospectus is required by the Securities Act to
         be delivered in connection with sales of the Registrable Securities or
         resales of Exchange Securities by Participating Broker-Dealers the
         representations and warranties of the Issuers contained in any
         agreement (including any underwriting agreement) contemplated by
         Section 5(n) hereof cease to be true and correct, (iv) of the receipt
         by any Issuer of any notification with respect to the suspension of the
         qualification or exemption from qualification of a Registration
         Statement or any of the Registrable Securities or the Exchange
         Securities to be sold by any Participating Broker-Dealer for offer or
         sale in any jurisdiction, or the initiation or threatening of any
         proceeding for such purpose, (v) of the happening of any event, the
         existence of any condition or any information becoming known that makes
         any statement made in such Registration Statement or related Prospectus
         or any document incorporated or deemed to be incorporated therein by
         reference untrue in any material respect or that requires the making of
         any changes in or amendments or supplements to such Registration
         Statement, Prospectus or documents so that, in the case of the
         Registration Statement, it will not contain any untrue statement of a
         material fact or omit to state any material fact required to be stated
         therein or necessary to make the statements therein not misleading, and
         that in the case of the Prospectus, it will not contain any untrue
         statement of a material fact or omit to state any material fact
         required to be stated therein or necessary to make the statements
         therein, in the light of the circumstances under which they were made,
         not misleading, and (vi) of the Issuers' determination that a
         post-effective amendment to a Registration Statement would be
         appropriate.

                  (d)    Use its reasonable best efforts to prevent the issuance
         of any order suspending the effectiveness of a Registration Statement
         or of any order preventing or suspending the use of a Prospectus or
         suspending the qualification (or exemption from qualification) of any
         of the Registrable Securities or the Exchange Securities to be sold by
         any Participating Broker-Dealer, for sale in any jurisdiction, and, if
         any such order is issued, to use its reasonable best efforts to obtain
         the withdrawal of any such order at the earliest practicable moment.

                  (e)    If a Shelf Registration is filed pursuant to Section 3
         and if requested during the Effectiveness Period by the managing
         underwriter or underwriters (if any), the Holders of a majority in
         aggregate principal amount of the Registrable Securities

<PAGE>

                                      -15-

         being sold in connection with an underwritten offering or any
         Participating Broker-Dealer, (i) as promptly as practicable incorporate
         in a prospectus supplement or post-effective amendment such information
         as the managing underwriter or underwriters (if any), such Holders, any
         Participating Broker-Dealer or counsel for any of them reasonably
         request to be included therein, (ii) make all required filings of such
         prospectus supplement or such post-effective amendment as soon as
         practicable after the Company has received notification of the matters
         to be incorporated in such prospectus supplement or post-effective
         amendment, and (iii) supplement or make amendments to such Registration
         Statement.

                  (f)    If (1) a Shelf Registration is filed pursuant to
         Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer
         Registration Statement filed pursuant to Section 2 hereof is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Securities during the
         Applicable Period, furnish to each selling Holder of Registrable
         Securities (with respect to a Registration Statement filed pursuant to
         Section 3 hereof) and to each such Participating Broker-Dealer who so
         requests (with respect to any such Registration Statement) and to their
         respective counsel and each managing underwriter, if any, at the sole
         expense of the Issuers, one conformed copy of the Registration
         Statement or Registration Statements and each post-effective amendment
         thereto, including financial statements and schedules, and, if
         requested, all documents incorporated or deemed to be incorporated
         therein by reference and all exhibits.

                  (g)    If (1) a Shelf Registration is filed pursuant to
         Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer
         Registration Statement filed pursuant to Section 2 hereof is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Securities during the
         Applicable Period, deliver to each selling Holder of Registrable
         Securities (with respect to a Registration Statement filed pursuant to
         Section 3 hereof), or each such Participating Broker-Dealer (with
         respect to any such Registration Statement), as the case may be, their
         respective counsel, and the underwriters, if any, at the sole expense
         of the Issuers, as many copies of the Prospectus or Prospectuses
         (including each form of preliminary prospectus) and each amendment or
         supplement thereto and any documents incorporated by reference therein
         as such Persons may reasonably request; and, subject to the last
         paragraph of this Section 5, the Issuers hereby consent to the use of
         such Prospectus and each amendment or supplement thereto by each of the
         selling Holders of Registrable Securities or each such Participating
         Broker-Dealer, as the case may be, and the underwriters or agents, if
         any, and dealers, if any, in connection with the offering and sale of
         the Registrable Securities covered by, or the sale by Participating
         Broker-Dealers of the Exchange Securities pursuant to, such Prospectus
         and any amendment or supplement thereto.

<PAGE>

                                      -16-

                  (h)    Prior to any public offering of Registrable Securities
         or any delivery of a Prospectus contained in the Exchange Offer
         Registration Statement by any Participating Broker-Dealer who seeks to
         sell Exchange Securities during the Applicable Period, use its
         reasonable best efforts to register or qualify, and to cooperate with
         the selling Holders of Registrable Securities or each such
         Participating Broker-Dealer, as the case may be, the managing
         underwriter or underwriters, if any, and their respective counsel in
         connection with the registration or qualification (or exemption from
         such registration or qualification) of such Registrable Securities for
         offer and sale under the securities or Blue Sky laws of such
         jurisdictions within the United States as any selling Holder,
         Participating Broker-Dealer, or the managing underwriter or
         underwriters reasonably request in writing; provided, however, that
         where Exchange Securities held by Participating Broker-Dealers or
         Registrable Securities are offered other than through an underwritten
         offering, the Issuers agree to cause their counsel to perform Blue Sky
         investigations and file registrations and qualifications required to be
         filed pursuant to this Section 5(h), keep each such registration or
         qualification (or exemption therefrom) effective during the period such
         Registration Statement is required to be kept effective and do any and
         all other acts or things necessary or advisable to enable the
         disposition in such jurisdictions of the Exchange Securities held by
         Participating Broker-Dealers or the Registrable Securities covered by
         the applicable Registration Statement; provided, however, that no
         Issuer shall be required to (A) qualify generally to do business in any
         jurisdiction where it is not then so qualified, (B) take any action
         that would subject it to general service of process in any such
         jurisdiction where it is not then so subject or (C) subject itself to
         taxation in excess of a nominal dollar amount in any such jurisdiction
         where it is not then so subject.

                  (i)    If a Shelf Registration is filed pursuant to Section 3
         hereof, cooperate with the selling Holders of Registrable Securities
         and the managing underwriter or underwriters, if any, to facilitate the
         timely preparation and delivery of certificates representing
         Registrable Securities to be sold, which certificates shall not bear
         any restrictive legends and shall be in a form eligible for deposit
         with The Depository Trust Company; and enable such Registrable
         Securities to be in such denominations (subject to applicable
         requirements contained in the Indenture) and registered in such names
         as the managing underwriter or underwriters, if any, or Holders may
         request.

                  (j)    Use its reasonable best efforts to cause the
         Registrable Securities covered by the Registration Statement to be
         registered with or approved by such other governmental agencies or
         authorities as may be necessary to enable the seller or sellers thereof
         or the underwriter or underwriters, if any, to consummate the
         disposition of such Registrable Securities, except as may be required
         solely as a consequence of the nature of such selling Holder's
         business, in which case the Issuers will cooperate in all

<PAGE>

                                      -17-

         respects with the filing of such Registration Statement and the
         granting of such approvals.

                  (k)    If (1) a Shelf Registration is filed pursuant to
         Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer
         Registration Statement filed pursuant to Section 2 hereof is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Securities during the
         Applicable Period, upon the occurrence of any event contemplated by
         paragraph 5(c)(v) or 5(c)(vi) hereof, as promptly as practicable
         prepare and (subject to Section 5(a) hereof) file with the SEC, at the
         sole expense of the Issuers, a supplement or post-effective amendment
         to the Registration Statement or a supplement to the related Prospectus
         or any document incorporated or deemed to be incorporated therein by
         reference, or file any other required document so that, as thereafter
         delivered to the purchasers of the Registrable Securities being sold
         thereunder (with respect to a Registration Statement filed pursuant to
         Section 3 hereof) or to the purchasers of the Exchange Securities to
         whom such Prospectus will be delivered by a Participating Broker-Dealer
         (with respect to any such Registration Statement), any such Prospectus
         will not contain an untrue statement of a material fact or omit to
         state a material fact required to be stated therein or necessary to
         make the statements therein, in the light of the circumstances under
         which they were made, not misleading.

                  (l)    Use its reasonable best efforts to cause the
         Registrable Securities covered by a Registration Statement or the
         Exchange Securities, as the case may be, to be rated with the
         appropriate rating agencies, if so requested by the Holders of a
         majority in aggregate principal amount of Registrable Securities
         covered by such Registration Statement or the Exchange Securities, as
         the case may be, or the managing underwriter or underwriters, if any.

                  (m)    Prior to the effective date of the first Registration
         Statement relating to the Registrable Securities, (i) provide the
         Trustee with certificates for the Registrable Securities in a form
         eligible for deposit with The Depository Trust Company and (ii) provide
         a CUSIP number for the Registrable Securities.

                  (n)    In connection with any offering of Registrable
         Securities pursuant to a Shelf Registration, enter into an underwriting
         agreement as is customary in underwritten offerings of debt securities
         similar to the Securities, and take all such other actions as are
         reasonably requested by the managing underwriter or underwriters in
         order to expedite or facilitate the registration or the disposition of
         such Registrable Securities and, in such connection, (i) make such
         representations and warranties to, and covenants with, the underwriters
         with respect to the business of the Issuers (including any acquired
         business, properties or entity, if applicable), and the Registration
         Statement, Prospectus and documents, if any, incorporated or deemed to

<PAGE>

                                      -18-

         be incorporated by reference therein, in each case, as are customarily
         made by issuers to underwriters in underwritten offerings of debt
         securities similar to the Securities, and confirm the same in writing
         if and when requested; (ii) obtain the written opinions of counsel to
         the Issuers, and written updates thereof in form, scope and substance
         reasonably satisfactory to the managing underwriter or underwriters,
         addressed to the underwriters covering the matters customarily covered
         in opinions reasonably requested in underwritten offerings; (iii)
         obtain "cold comfort" letters and updates thereof in form, scope and
         substance reasonably satisfactory to the managing underwriter or
         underwriters from the independent certified public accountants of the
         Issuers (and, if necessary, any other independent certified public
         accountants of the Issuers, or of any business acquired by the Issuers,
         for which financial statements and financial data are, or are required
         to be, included or incorporated by reference in the Registration
         Statement), addressed to each of the underwriters, such letters to be
         in customary form and covering matters of the type customarily covered
         in "cold comfort" letters in connection with underwritten offerings of
         debt securities similar to the Securities; and (iv) if an underwriting
         agreement is entered into, the same shall contain indemnification
         provisions and procedures no less favorable to the sellers and
         underwriters, if any, than those set forth in Section 7 hereof (or such
         other provisions and procedures reasonably acceptable to Holders of a
         majority in aggregate principal amount of Registrable Securities
         covered by such Registration Statement and the managing underwriter or
         underwriters or agents, if any). The above shall be done at each
         closing under such underwriting agreement, or as and to the extent
         required thereunder.

                  (o)    If (1) a Shelf Registration is filed pursuant to
         Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer
         Registration Statement filed pursuant to Section 2 hereof is required
         to be delivered under the Securities Act by any Participating
         Broker-Dealer who seeks to sell Exchange Securities during the
         Applicable Period, make available for inspection by the Initial
         Purchasers, any selling Holder of such Registrable Securities being
         sold (with respect to a Registration Statement filed pursuant to
         Section 3 hereof), or each such Participating Broker-Dealer, as the
         case may be, any underwriter participating in any such disposition of
         Registrable Securities, if any, and any attorney, accountant or other
         agent retained by any such selling Holder or each such Participating
         Broker-Dealer (with respect to any such Registration Statement), as the
         case may be, or underwriter (any such Initial Purchaser, Holders,
         Participating Broker-Dealers, underwriters, attorneys, accountants or
         agents, collectively, the "Inspectors"), upon written request, at the
         offices where normally kept, during reasonable business hours, all
         pertinent financial and other records, pertinent corporate documents
         and instruments of the Issuers and subsidiaries of the Issuers
         (collectively, the "Records"), as shall be reasonably necessary to
         enable them to exercise any applicable due diligence responsibilities,
         and cause the officers,

<PAGE>

                                      -19-

         directors and employees of the Issuers and any of their respective
         subsidiaries to supply all information ("Information") reasonably
         requested by any such Inspector in connection with such due diligence
         responsibilities. Each Inspector shall agree in writing that it will
         keep the Records and Information confidential and that it will not
         disclose any of the Records or Information that any Issuer determines,
         in good faith, to be confidential and notifies the Inspectors in
         writing are confidential unless (i) the disclosure of such Records or
         Information is necessary to avoid or correct a misstatement or omission
         in such Registration Statement or Prospectus, (ii) the release of such
         Records or Information is ordered pursuant to a subpoena or other order
         from a court of competent jurisdiction, (iii) disclosure of such
         Records or Information is necessary or advisable, in the opinion of
         counsel for any Inspector, in connection with any action, claim, suit
         or proceeding, directly or indirectly, involving or potentially
         involving such Inspector and arising out of, based upon, relating to,
         or involving this Agreement or the Purchase Agreement, or any
         transactions contemplated hereby or thereby or arising hereunder or
         thereunder, or (iv) the information in such Records or Information has
         been made generally available to the public other than by an Inspector
         or an "affiliate" (as defined in Rule 405) thereof; provided, however,
         that prior notice shall be provided as soon as practicable to any
         Issuer of the potential disclosure of any information by such Inspector
         pursuant to clauses (i) or (ii) of this sentence to permit the Issuers
         to obtain a protective order (or waive the provisions of this paragraph
         (o)) and that such Inspector shall take such actions as are reasonably
         necessary to protect the confidentiality of such information (if
         practicable) to the extent such action is otherwise not inconsistent
         with, an impairment of or in derogation of the rights and interests of
         the Holder or any Inspector.

                  (p)    Provide an indenture trustee for the Registrable
         Securities or the Exchange Securities, as the case may be, and cause
         the Indenture or the trust indenture provided for in Section 2(a)
         hereof, as the case may be, to be qualified under the TIA not later
         than the effective date of the first Registration Statement relating to
         the Registrable Securities; and in connection therewith, cooperate with
         the trustee under any such indenture and the Holders of the Registrable
         Securities, to effect such changes (if any) to such indenture as may be
         required for such indenture to be so qualified in accordance with the
         terms of the TIA; and execute, and use its reasonable best efforts to
         cause such trustee to execute, all documents as may be required to
         effect such changes, and all other forms and documents required to be
         filed with the SEC to enable such indenture to be so qualified in a
         timely manner.

                  (q)    Comply with all applicable rules and regulations of the
         SEC and make generally available to its securityholders with regard to
         any applicable Registration Statement, a consolidated earnings
         statement satisfying the provisions of Section 11(a) of the Securities
         Act and Rule 158 thereunder (or any similar rule promulgated under the
         Securities Act) no later than 45 days after the end of any fiscal
         quarter (or 90 days

<PAGE>

                                      -20-

         after the end of any 12-month period if such period is a fiscal year)
         (i) commencing at the end of any fiscal quarter in which Registrable
         Securities are sold to underwriters in a firm commitment or best
         efforts underwritten offering and (ii) if not sold to underwriters in
         such an offering, commencing on the first day of the first fiscal
         quarter of the Company, after the effective date of a Registration
         Statement, which statements shall cover said 12-month periods.

                  (r)    Upon consummation of the Exchange Offer or a Private
         Exchange, obtain an opinion of counsel to the Issuers, in a form
         customary for underwritten transactions, addressed to the Trustee for
         the benefit of all Holders of Registrable Securities participating in
         the Exchange Offer or the Private Exchange, as the case may be, that
         the Exchange Securities or Private Exchange Securities, as the case may
         be, the related guarantee and the related indenture constitute legal,
         valid and binding obligations of the Issuers, enforceable against the
         Issuers in accordance with their respective terms, subject to customary
         exceptions and qualifications. If the Exchange Offer or a Private
         Exchange is to be consummated, upon delivery of the Registrable
         Securities by Holders to the Company (or to such other Person as
         directed by the Company), in exchange for the Exchange Securities or
         the Private Exchange Securities, as the case may be, the Issuers shall
         mark, or cause to be marked, on such Registrable Securities that such
         Registrable Securities are being cancelled in exchange for the Exchange
         Securities or the Private Exchange Securities, as the case may be; in
         no event shall such Registrable Securities be marked as paid or
         otherwise satisfied.

                  (s)    Cooperate with each seller of Registrable Securities
         covered by any Registration Statement and each underwriter, if any,
         participating in the disposition of such Registrable Securities and
         their respective counsel in connection with any filings required to be
         made with the National Association of Securities Dealers, Inc. (the
         "NASD").

                  (t)    Use its reasonable best efforts to take all other steps
         necessary to effect the registration of the Exchange Securities and/or
         Registrable Securities covered by a Registration Statement contemplated
         hereby.

                  The Issuers may require each seller of Registrable Securities
as to which any registration is being effected to furnish to the Issuers such
information regarding such seller and the distribution of such Registrable
Securities as the Issuers may, from time to time, reasonably request. The
Issuers may exclude from such registration the Registrable Securities of any
seller so long as such seller fails to furnish such information within a
reasonable time after receiving such request. Each seller as to which any Shelf
Registration is being effected agrees to furnish promptly to the Issuers all
information required to be disclosed in order to make the information previously
furnished to the Issuers by such seller not materially misleading.

<PAGE>

                                      -21-

                  If any such Registration Statement refers to any Holder by
name or otherwise as the holder of any securities of the Company or TC Funding,
then such Holder shall have the right to require (i) the insertion therein of
language, in form and substance reasonably satisfactory to such Holder, to the
effect that the holding by such Holder of such securities is not to be construed
as a recommendation by such Holder of the investment quality of the securities
covered thereby and that such holding does not imply that such Holder will
assist in meeting any future financial requirements of the Company and TC
Funding, or (ii) in the event that such reference to such Holder by name or
otherwise is not required by the Securities Act or any similar federal statute
then in force, the deletion of the reference to such Holder in any amendment or
supplement to the Registration Statement filed or prepared subsequent to the
time that such reference ceases to be required.

                  Each Holder of Registrable Securities and each Participating
Broker-Dealer agrees by its acquisition of such Registrable Securities or
Exchange Securities to be sold by such Participating Broker-Dealer, as the case
may be, that, upon actual receipt of any notice from the Company of the
happening of any event of the kind described in Section 5(c)(ii), 5(c)(iv),
5(c)(v), or 5(c)(vi) hereof, such Holder will forthwith discontinue disposition
of such Registrable Securities covered by such Registration Statement or
Prospectus or Exchange Securities to be sold by such Holder or Participating
Broker-Dealer, as the case may be, until such Holder's or Participating
Broker-Dealer's receipt of the copies of the supplemented or amended Prospectus
contemplated by Section 5(k) hereof, or until it is advised in writing (the
"Advice") by the Issuers that the use of the applicable Prospectus may be
resumed, and has received copies of any amendments or supplements thereto. In
the event that the Issuers shall give any such notice, each of the Applicable
Period and the Effectiveness Period shall be extended by the number of days
during such periods from and including the date of the giving of such notice to
and including the date when each seller of Registrable Securities covered by
such Registration Statement or Exchange Securities to be sold by such
Participating Broker-Dealer, as the case may be, shall have received (x) the
copies of the supplemented or amended Prospectus contemplated by Section 5(k)
hereof or (y) the Advice.

         6.       Registration Expenses

                  All fees and expenses incident to the performance of or
compliance with this Agreement by the Issuers shall be borne by the Issuers,
whether or not the Exchange Offer Registration Statement or any Shelf
Registration Statement is filed or becomes effective or the Exchange Offer is
consummated, including, without limitation, (i) all registration and filing fees
(including, without limitation, (A) fees with respect to filings required to be
made with the NASD in connection with an underwritten offering and (B) fees and
expenses of compliance with state securities or Blue Sky laws (including,
without limitation, fees and disbursements of counsel in connection with Blue
Sky qualifications of the Registrable Securities or Exchange Securities and
determination of the eligibility of the Registrable Securities or Exchange
Securities for investment under the laws of such jurisdictions

<PAGE>

                                      -22-

(x) where the holders of Registrable Securities are located, in the case of the
Exchange Securities, or (y) as provided in Section 5(h) hereof, in the case of
Registrable Securities or Exchange Securities to be sold by a Participating
Broker-Dealer during the Applicable Period)), (ii) printing expenses, including,
without limitation, expenses of printing certificates for Registrable Securities
or Exchange Securities in a form eligible for deposit with The Depository Trust
Company and of printing prospectuses if the printing of prospectuses is
requested by the managing underwriter or underwriters, if any, by the Holders of
a majority in aggregate principal amount of the Registrable Securities included
in any Registration Statement or in respect of Registrable Securities or
Exchange Securities to be sold by any Participating Broker-Dealer during the
Applicable Period, as the case may be, (iii) messenger, telephone and delivery
expenses, (iv) fees and disbursements of counsel for the Issuers and, in the
case of a Shelf Registration, reasonable fees and disbursements of one special
counsel for all of the sellers of Registrable Securities (exclusive of any
counsel retained pursuant to Section 7 hereof), (v) fees and disbursements of
all independent certified public accountants referred to in Section 5(n)(iii)
hereof (including, without limitation, the expenses of any "cold comfort"
letters required by or incident to such performance), (vi) Securities Act
liability insurance, if the Issuers desire such insurance, (vii) fees and
expenses of all other Persons retained by the Issuers, (viii) internal expenses
of the Issuers (including, without limitation, all salaries and expenses of
officers and employees of the Issuers performing legal or accounting duties),
(ix) the expense of any annual audit, (x) any fees and expenses incurred in
connection with the listing of the securities to be registered on any securities
exchange, and the obtaining of a rating of the securities, in each case, if
applicable, and (xi) the expenses relating to printing, word processing and
distributing all Registration Statements, underwriting agreements, indentures
and any other documents necessary in order to comply with this Agreement.

         7.       Indemnification and Contribution(a). (a) Each of the Issuers
agree, jointly and severally, to indemnify and hold harmless each Holder of
Registrable Securities and each Participating Broker-Dealer selling Exchange
Securities during the Applicable Period, and each Person, if any, who controls
such Person or its affiliates within the meaning of Section 15 of the Act or
Section 20 of the Exchange Act (each, a "Participant") against any losses,
claims, damages or liabilities to which any Participant may become subject under
the Act, the Exchange Act or otherwise, insofar as any such losses, claims,
damages or liabilities (or actions in respect thereof) arise out of or are based
upon:

                  (i)    any untrue statement or alleged untrue statement made
         by any Issuer contained in any application or any other document or any
         amendment or supplement thereto executed by any Issuer based upon
         written information furnished by or on behalf of any Issuer filed in
         any jurisdiction in order to qualify the Securities under the
         securities or "Blue Sky" laws thereof or filed with the SEC or any
         securities association or securities exchange (each, an "Application");

<PAGE>

                                      -23-

                  (ii)   any untrue statement or alleged untrue statement of any
         material fact contained in any Registration Statement (or any amendment
         thereto) or Prospectus (as amended or supplemented if any of the
         Issuers shall have furnished any amendments or supplements thereto) or
         any preliminary prospectus; or

                  (iii)  the omission or alleged omission to state, in any
         Registration Statement (or any amendment thereto) or Prospectus (as
         amended or supplemented if any of the Issuers shall have furnished any
         amendments or supplements thereto) or any preliminary prospectus or any
         Application or any other document or any amendment or supplement
         thereto, a material fact required to be stated therein or necessary to
         make the statements therein not misleading;

and will reimburse, as incurred, the Participant for any legal or other expenses
incurred by the Participant in connection with investigating, defending against
or appearing as a third-party witness in connection with any such loss, claim,
damage, liability or action; provided, however, the Issuers will not be liable
in any such case to the extent that any such loss, claim, damage, or liability
arises out of or is based upon any untrue statement or alleged untrue statement
or omission or alleged omission made in any Registration Statement (or any
amendment thereto) or Prospectus (as amended or supplemented if any of the
Issuers shall have furnished any amendments or supplements thereto) or any
preliminary prospectus or Application or any amendment or supplement thereto in
reliance upon and in conformity with information relating to any Participant
furnished to the Issuers by such Participant specifically for use therein. The
indemnity provided for in this Section 7 will be in addition to any liability
that the Issuers may otherwise have to the indemnified parties. The Issuers
shall not be liable under this Section 7 for any settlement of any claim or
action effected without its prior written consent, which shall not be
unreasonably withheld.

                  (b)    Each Participant, severally and not jointly, agrees to
indemnify and hold harmless the Issuers, their directors, their officers and
each person, if any, who controls the Issuers within the meaning of Section 15
of the Act or Section 20 of the Exchange Act against any losses, claims, damages
or liabilities to which the Issuers or any such director, officer or controlling
person may become subject under the Act, the Exchange Act or otherwise, insofar
as such losses, claims, damages or liabilities (or actions in respect thereof)
arise out of or are based upon (i) any untrue statement or alleged untrue
statement of any material fact contained in any Registration Statement or
Prospectus, any amendment or supplement thereto, or any preliminary prospectus,
or (ii) the omission or the alleged omission to state therein a material fact
necessary to make the statements therein not misleading, in each case to the
extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in reliance upon and in
conformity with written information concerning such Participant, furnished to
the Issuers by the Participant, specifically for use therein; and subject to the
limitation set forth immediately preceding this clause, will reimburse, as
incurred, any legal or other expenses incurred by the Issuers or any

<PAGE>

                                      -24-

such director, officer or controlling person in connection with investigating or
defending against or appearing as a third party witness in connection with any
such loss, claim, damage, liability or action in respect thereof. The indemnity
provided for in this Section 7 will be in addition to any liability that the
Participants may otherwise have to the indemnified parties. The Participants
shall not be liable under this Section 7 for any settlement of any claim or
action effected without their consent, which shall not be unreasonably withheld.
The Issuers shall not, without the prior written consent of such Participant,
effect any settlement or compromise of any pending or threatened proceeding in
respect of which any Participant is or could have been a party, or indemnity
could have been sought hereunder by any Participant, unless such settlement (A)
includes an unconditional written release of the Participants, in form and
substance reasonably satisfactory to the Participants, from all liability on
claims that are the subject matter of such proceeding and (B) does not include
any statement as to an admission of fault, culpability or failure to act by or
on behalf of any Participant.

                  (c)    Promptly after receipt by an indemnified party under
this Section 7 of notice of the commencement of any action for which such
indemnified party is entitled to indemnification under this Section 7, such
indemnified party will, if a claim in respect thereof is to be made against the
indemnifying party under this Section 7, notify the indemnifying party of the
commencement thereof in writing; but the omission to so notify the indemnifying
party (i) will not relieve it from any liability under paragraph (a) or (b)
above unless and to the extent such failure results in the forfeiture by the
indemnifying party of substantial rights and defenses and (ii) will not, in any
event, relieve the indemnifying party from any obligations to any indemnified
party other than the indemnification obligation provided in paragraphs (a) and
(b) above. In case any such action is brought against any indemnified party, and
it notifies the indemnifying party of the commencement thereof, the indemnifying
party will be entitled to participate therein and, to the extent that it may
wish, jointly with any other indemnifying party similarly notified, to assume
the defense thereof, with counsel reasonably satisfactory to such indemnified
party; provided, however, that if (i) the use of counsel chosen by the
indemnifying party to represent the indemnified party would present such counsel
with a conflict of interest, (ii) the defendants in any such action include both
the indemnified party and the indemnifying party and the indemnified party shall
have been advised by counsel that there may be one or more legal defenses
available to it and/or other indemnified parties that are different from or
additional to those available to the indemnifying party, or (iii) the
indemnifying party shall not have employed counsel reasonably satisfactory to
the indemnified party to represent the indemnified party within a reasonable
time after receipt by the indemnifying party of notice of the institution of
such action, then, in each such case, the indemnifying party shall not have the
right to direct the defense of such action on behalf of such indemnified party
or parties and such indemnified party or parties shall have the right to select
separate counsel to defend such action on behalf of such indemnified party or
parties. After notice from the indemnifying party to such indemnified party of
its election so to assume the defense thereof and approval by such indemnified
party of counsel appointed

<PAGE>

                                      -25-

to defend such action, the indemnifying party will not be liable to such
indemnified party under this Section 7 for any legal or other expenses, other
than reasonable costs of investigation, subsequently incurred by such
indemnified party in connection with the defense thereof, unless (i) the
indemnified party shall have employed separate counsel in accordance with the
proviso to the immediately preceding sentence (it being understood, however,
that in connection with such action the indemnifying party shall not be liable
for the expenses of more than one separate counsel (in addition to local
counsel) in any one action or separate but substantially similar actions in the
same jurisdiction arising out of the same general allegations or circumstances,
designated by Participants who sold a majority in interest of the Registrable
Securities and Exchange Securities sold by all such Participants in the case of
paragraph (a) of this Section 7 or the Issuers in the case of paragraph (b) of
this Section 7, representing the indemnified parties under such paragraph (a) or
paragraph (b), as the case may be, who are parties to such action or actions) or
(ii) the indemnifying party has authorized in writing the employment of counsel
for the indemnified party at the expense of the indemnifying party. All fees and
expenses reimbursed pursuant to this paragraph (c) shall be reimbursed as they
are incurred. After such notice from the indemnifying party to such indemnified
party, the indemnifying party will not be liable for the costs and expenses of
any settlement of such action effected by such indemnified party without the
prior written consent of the indemnifying party (which consent shall not be
unreasonably withheld), unless such indemnified party waived in writing its
rights under this Section 7, in which case the indemnified party may effect such
a settlement without such consent.

                  (d)    In circumstances in which the indemnity agreement
provided for in the preceding paragraphs of this Section 7 is unavailable to, or
insufficient to hold harmless, an indemnified party in respect of any losses,
claims, damages or liabilities (or actions in respect thereof), each
indemnifying party, in order to provide for just and equitable contribution,
shall contribute to the amount paid or payable by such indemnified party as a
result of such losses, claims, damages or liabilities (or actions in respect
thereof) in such proportion as is appropriate to reflect (i) the relative
benefits received by the indemnifying party or parties on the one hand and the
indemnified party on the other from the offering of the Securities or (ii) if
the allocation provided by the foregoing clause (i) is not permitted by
applicable law, not only such relative benefits but also the relative fault of
the indemnifying party or parties on the one hand and the indemnified party on
the other in connection with the statements or omissions or alleged statements
or omissions that resulted in such losses, claims, damages or liabilities (or
actions in respect thereof). The relative benefits received by the Issuers on
the one hand and such Participant on the other shall be deemed to be in the same
proportion as the total proceeds from the offering (before deducting expenses)
of the Securities received by the Issuers bear to the total net profit received
by such Participant in connection with the sale of the Securities. The relative
fault of the parties shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by the Issuers on

<PAGE>

                                      -26-

the one hand, or the Participants on the other, the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission or alleged statement or omission, and any other equitable
considerations appropriate in the circumstances. The parties agree that it would
not be equitable if the amount of such contribution were determined by pro rata
or per capita allocation or by any other method of allocation that does not take
into account the equitable considerations referred to in the first sentence of
this paragraph (d). Notwithstanding any other provision of this paragraph (d),
no Participant shall be obligated to make contributions hereunder that in the
aggregate exceed the total net profit received by such Participant in connection
with the sale of the Securities, less the aggregate amount of any damages that
such Participant has otherwise been required to pay by reason of the untrue or
alleged untrue statements or the omissions or alleged omissions to state a
material fact, and no person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Act) shall be entitled to contribution from any
person who was not guilty of such fraudulent misrepresentation. For purposes of
this paragraph (d), each person, if any, who controls a Participant within the
meaning of Section 15 of the Act or Section 20 of the Exchange Act shall have
the same rights to contribution as the Participants, and each director of any
Issuer, each officer of any Issuer and each person, if any, who controls any
Issuer within the meaning of Section 15 of the Act or Section 20 of the Exchange
Act, shall have the same rights to contribution as the Issuers.

         8.       Rules 144 and 144A

                  Each of the Issuers covenants and agrees that it will file the
reports required to be filed by it under the Securities Act and the Exchange Act
and the rules and regulations adopted by the SEC thereunder in a timely manner
in accordance with the requirements of the Securities Act and the Exchange Act
and, if at any time such Issuer is not required to file such reports, such
Issuer will, upon the request of any Holder or beneficial owner of Registrable
Securities, make available such information necessary to permit sales pursuant
to Rule 144A. Each of the Issuers further covenants and agrees, for so long as
any Registrable Securities remain outstanding that it will take such further
action as any Holder of Registrable Securities may reasonably request, all to
the extent required from time to time to enable such holder to sell Registrable
Securities without registration under the Securities Act within the limitation
of the exemptions provided by Rule 144(k) under the Securities Act and Rule
144A.

         9.       Underwritten Registrations

                  If any of the Registrable Securities covered by any Shelf
Registration are to be sold in an underwritten offering, the investment banker
or investment bankers and manager or managers that will manage the offering will
be selected by the Holders of a majority in aggregate principal amount of such
Registrable Securities included in such offering and shall be reasonably
acceptable to the Issuers.

<PAGE>

                                      -27-

                  No Holder of Registrable Securities may participate in any
underwritten registration hereunder unless such Holder (a) agrees to sell such
Holder's Registrable Securities on the basis provided in any underwriting
arrangements approved by the Persons entitled hereunder to approve such
arrangements and (b) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents required
under the terms of such underwriting arrangements.

         10.      Miscellaneous

                  (a)    No Inconsistent Agreements. The Issuers have not, as of
the date hereof, and the Issuers shall not, after the date of this Agreement,
enter into any agreement with respect to any of their securities that is
inconsistent with the rights granted to the Holders of Registrable Securities in
this Agreement or otherwise conflicts with the provisions hereof. The rights
granted to the Holders hereunder do not in any way conflict with and are not
inconsistent with the rights granted to the holders of the Issuers' other issued
and outstanding securities under any such agreements. The Issuers will not enter
into any agreement with respect to any of their securities which will grant to
any Person piggy-back registration rights with respect to any Registration
Statement.

                  (b)    Adjustments Affecting Registrable Securities. The
Issuers shall not, directly or indirectly, take any action with respect to the
Registrable Securities as a class that would adversely affect the ability of the
Holders of Registrable Securities to include such Registrable Securities in a
registration undertaken pursuant to this Agreement.

                  (c)    Amendments and Waivers. The provisions of this
Agreement may not be amended, modified or supplemented, and waivers or consents
to departures from the provisions hereof may not be given, otherwise than with
the prior written consent of (I) the Company, and (II)(A) the Holders of not
less than a majority in aggregate principal amount of the then outstanding
Registrable Securities and (B) in circumstances that would adversely affect the
Participating Broker-Dealers, the Participating Broker-Dealers holding not less
than a majority in aggregate principal amount of the Exchange Securities held by
all Participating Broker-Dealers; provided, however, that Section 7 and this
Section 10(c) may not be amended, modified or supplemented without the prior
written consent of each Holder and each Participating Broker-Dealer (including
any person who was a Holder or Participating Broker-Dealer of Registrable
Securities or Exchange Securities, as the case may be, disposed of pursuant to
any Registration Statement) affected by any such amendment, modification or
supplement. Notwithstanding the foregoing, a waiver or consent to depart from
the provisions hereof with respect to a matter that relates exclusively to the
rights of Holders of Registrable Securities whose securities are being sold
pursuant to a Registration Statement and that does not directly or indirectly
affect, impair, limit or compromise the rights of other Holders of Registrable
Securities may be given by Holders of at least a majority in aggregate principal
amount of the Registrable Securities being sold pursuant to such Registration
Statement.

<PAGE>

                                      -28-

                  (d)    Notices. All notices and other communications
(including, without limitation, any notices or other communications to the
Trustee) provided for or permitted hereunder shall be made in writing by
hand-delivery, registered first-class mail, next-day air courier or facsimile:

                  (i)    if to a Holder of the Registrable Securities or any
         Participating Broker-Dealer, at the most current address of such Holder
         or Participating Broker-Dealer, as the case may be, set forth on the
         records of the registrar under the Indenture, with a copy in like
         manner to each of the Initial Purchasers as follows:

                         Deutsche Bank Securities Inc.
                         31 West 52nd Street
                         New York, New York 10019
                         Facsimile No.: (212) 469-8000
                         Attention: Corporate Finance

                         Credit Suisse First Boston LLC
                         Eleven Madison Avenue
                         New York, New York 10010
                         Facsimile No.: (212) 325-8249
                         Attention: Corporate Finance

                         UBS Warburg LLC
                         299 Park Avenue, 35th Floor
                         New York, New York 10171
                         Facsimile No.: (212) 821-3430
                         Attention: Corporate Finance

                         Jefferies & Company, Inc.
                         11100 Santa Monica Boulevard, 10th Floor
                         Los Angeles, California 90025
                         Facsimile No.: (310) 575-5165
                         Attention: Corporate Finance

                         with a copy to:

                         Cahill Gordon & Reindel
                         80 Pine Street
                         New York, New York 10005
                         Facsimile No.: (212) 269-5420
                         Attention: John A. Tripodoro, Esq.

<PAGE>

                                      -29-

                  (ii)   if to the Initial Purchasers, at the addresses
         specified in Section 10(d)(i);

                  (iii)  if to the Issuers, at the address as follows:

                         Trump Casino Holdings, LLC
                         Trump Casino Funding, Inc.
                         725 Fifth Avenue, 26th Floor
                         New York, New York 10022
                         Attention: Chief Financial Officer

                         with a copy to:

                         LeBoeuf, Lamb, Greene & MacRae L.L.P.
                         New York, New York 10019
                         Attention: Theodore LaPier

                  All such notices and communications shall be deemed to have
been duly given: when delivered by hand, if personally delivered; five Business
Days after being deposited in the mail, postage prepaid, if mailed; one Business
Day after being timely delivered to a next-day air courier; and when receipt is
acknowledged by the addressee, if sent by facsimile.

                  Copies of all such notices, demands or other communications
shall be concurrently delivered by the Person giving the same to the Trustee at
the address and in the manner specified in such Indenture.

                  (e)    Successors and Assigns. This Agreement shall inure to
the benefit of and be binding upon the successors and assigns of each of the
parties hereto, the Holders and the Participating Broker-Dealers; provided,
however, that nothing herein shall be deemed to permit any assignment, transfer
or other disposition of Registrable Securities in violation of the terms of the
Purchase Agreement or the Indenture.

                  (f)    Counterparts. This Agreement may be executed in any
number of counterparts and by the parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement.

                  (g)    Headings. The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

                  (h)    Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF

<PAGE>

                                      -30-

NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED ENTIRELY WITHIN THE STATE
OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW THAT WOULD REQUIRE
THE APPLICATION OF ANY OTHER LAW.

                  (i)    Severability. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to be
invalid, illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their best efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

                  (j)    Securities Held by the Issuers or Their Affiliates.
Whenever the consent or approval of Holders of a specified percentage of
Registrable Securities is required hereunder, Registrable Securities held by the
Issuers or their affiliates (as such term is defined in Rule 405 under the
Securities Act) shall not be counted in determining whether such consent or
approval was given by the Holders of such required percentage.

                  (k)    Third-Party Beneficiaries. Holders of Registrable
Securities and Participating Broker-Dealers are intended third-party
beneficiaries of this Agreement, and this Agreement may be enforced by such
Persons.

                  (l)    Entire Agreement. This Agreement, together with the
Purchase Agreement and the Indenture, is intended by the parties as a final and
exclusive statement of the agreement and understanding of the parties hereto in
respect of the subject matter contained herein and therein and any and all prior
oral or written agreements, representations, or warranties, contracts,
understandings, correspondence, conversations and memoranda between the Holders
on the one hand and the Issuers on the other, or between or among any agents,
representatives, parents, subsidiaries, affiliates, predecessors in interest or
successors in interest with respect to the subject matter hereof and thereof are
merged herein and replaced hereby.

<PAGE>

                                       S-1

                  IN WITNESS WHEREOF, the parties have executed this Agreement
as of the date first written above.

                                      TRUMP CASINO HOLDINGS, LLC

                                      By:  /s/ John P. Burke
                                           ------------------------------------
                                           Name:  John P. Burke
                                           Title: CFO, Executive Vice President,
                                                  Corporate Treasurer and
                                                  Secretary

                                      TRUMP CASINO FUNDING, INC.

                                      By:  /s/ John P. Burke
                                           ------------------------
                                           Name:  John P. Burke
                                           Title: CFO, Executive Vice President,
                                                  Corporate Treasurer and
                                                  Secretary

                                      TRUMP INDIANA, INC.

                                      By:  /s/ John P. Burke
                                           ------------------------
                                           Name:  John P. Burke
                                           Title: Executive Vice President and
                                                  Treasurer

         [Second Priority Mortgage Notes Registration Rights Agreement]

<PAGE>

                                       S-2

                                     TRUMP INDIANA REALTY, LLC
                                     By:  Trump Casino Holdings,
                                          LLC, its member

                                     By:  /s/ John P. Burke
                                          --------------------------------------
                                          Name:  John P. Burke
                                          Title: CFO, Executive Vice President,
                                                 Corporate Treasurer and
                                                 Secretary

                                     TRUMP MARINA, INC.

                                     By:  /s/ John P. Burke
                                          --------------------------------------
                                          Name:  John P. Burke
                                          Title: Vice President and Secretary

                                     TRUMP MARINA ASSOCIATES, L.P.
                                     By:  Trump Marina, Inc., its
                                          general partner

                                     By:  /s/ John P. Burke
                                          --------------------------------------
                                          Name:  John P. Burke
                                          Title: Vice President and Secretary

         [Second Priority Mortgage Notes Registration Rights Agreement]

<PAGE>

                                       S-3

                                     THCR MANAGEMENT HOLDINGS, LLC
                                     By:  Trump Casino Holdings,
                                          LLC, its member

                                     By:  /s/ John P. Burke
                                          --------------------------------------
                                          Name:  John P. Burke
                                          Title: CFO, Executive Vice President,
                                                 Corporate Treasurer and
                                                 Secretary

                                     THCR MANAGEMENT SERVICES, LLC
                                     By:  Trump Casino Holdings,
                                          LLC, its member

                                     By:  /s/ John P. Burke
                                          --------------------------------------
                                          Name:  John P. Burke
                                          Title: CFO, Executive Vice President,
                                                 Corporate Treasurer and
                                                 Secretary

         [Second Priority Mortgage Notes Registration Rights Agreement]

<PAGE>

                                       S-4

The foregoing Agreement is hereby confirmed and accepted by the Initial
Purchasers as of the date first above written.

DEUTSCHE BANK SECURITIES INC.
CREDIT SUISSE FIRST BOSTON LLC
UBS WARBURG LLC
JEFFERIES & COMPANY, INC.,
as the Initial Purchasers

BY:  DEUTSCHE BANK SECURITIES INC.,
     on behalf of the Initial Purchasers

By:  /s/ Paul Whyte
     --------------------------
     Name:  Paul Whyte
     Title: Managing Director

By:  /s/ William Frauen
     --------------------------
     Name:  William Frauen
     Title: Director

         [Second Priority Mortgage Notes Registration Rights Agreement]<PAGE>

                                                                     Exhibit 4.4

                        PRIORITY INTERCREDITOR AGREEMENT

                THIS PRIORITY INTERCREDITOR AGREEMENT (this "Agreement") is
entered into by and among U.S. Bank National Association, as collateral agent
(together with its successors in such capacity, the "Collateral Agent"), as
First Priority Trustee and as Second Priority Trustee and is acknowledged and
consented to by Trump Casino Holdings, LLC, a Delaware limited liability company
(the "Company"), Trump Casino Funding, Inc., a Delaware Corporation ("TC
Funding" and together with the Company, the "Issuers") and the other Pledgors
set forth on the signature page to the Acknowledgement and Consent hereto.

                                   BACKGROUND

                A.      The Pledgors are contemporaneously with the execution
and delivery hereof becoming indebted to Holders of the First Priority Notes
pursuant to the First Priority Indenture. All First Priority Notes shall be
secured by a first priority Lien on all Collateral to the extent and at such
times as shall be required pursuant to the First Priority Indenture.

                B.      The Pledgors are contemporaneously with the execution
and delivery hereof becoming indebted to the Holders of Second Priority Notes
pursuant to the Second Priority Indenture. All Second Priority Notes shall be
secured by a second priority Lien on all Collateral to the extent and at such
times as shall be required pursuant to the Second Priority Indenture.

                C.      First Priority Trustee and Second Priority Trustee have
entered into this Agreement to set forth, among other things, the relative
priority of their respective Liens on the Collateral and to appoint Collateral
Agent to administer the Collateral.

                NOW, THEREFORE, for good and valuable consideration, the receipt
and sufficiency of which are each hereby acknowledged, Collateral Agent, First
Priority Trustee and Second Priority Trustee hereby agree as follows:

                SECTION 1.   Certain Definitions. The following terms shall have
the following meanings for purposes of this Agreement (including the premises
and background recitals hereto):

                "Asset Sale" has the meaning assigned to such term in the
        Indentures.

                "Bankruptcy Code" means Chapter 11 of Title 11 of the United
        States Code (11 U.S.C. Section 101 et seq.), as amended from time to
        time, and any successor statute, and all rules and regulations
        promulgated thereunder.

<PAGE>
                                       -2-

                "Capex Reserve Amount" has the meaning assigned to such term in
        the Indentures.

                "Cash Equivalents" has the meaning assigned to such term in the
        Indentures.

                "Collateral" means at any time, any Property in which the
        Collateral Agent holds Liens pursuant to any Collateral Document
        securing the performance by the Pledgors of the First Priority Secured
        Obligations or the Second Priority Secured Obligations.

                "Collateral Agent" has the meaning assigned to such term in the
        Recitals hereof.

                "Collateral Documents" has the meaning assigned thereto in the
        First Priority Indenture.

                "Enforcement Action" means any of the following: (a)
        acceleration by the First Priority Trustee or Holders of First Priority
        Notes of all or any part of the Indebtedness under the First Priority
        Indenture; (b) commencement of any Proceeding with respect to any
        Pledgor; (c) initiation of any suit or action, including any Proceeding,
        against or with respect to any Pledgor or other Person to enforce
        payment of or to collect the whole or any part of the Indebtedness under
        the First Priority Indenture, or to enforce any other rights, powers,
        privileges or remedies under the Note Documents; or (d) the taking by
        Collateral Agent at the instruction of First Priority Trustee of any
        action under the provisions of any state or federal law, including,
        without limitation, the Bankruptcy Code or the Uniform Commercial Code,
        to enforce, foreclose upon, take possession of or sell any Property of
        any Pledgor or any other Person on account of all or any part of the
        Indebtedness under the First Priority Indenture, including, any
        Collateral.

                "Event of Loss" has the meaning assigned to such term in the
        Indentures.

                "Excess Proceeds" has the meaning assigned to such term in the
        Indentures.

                "Excess Loss Proceeds" has the meaning assigned to such term in
        the Indentures.

                "First Priority Indenture" means the indenture entered into by
        the Pledgors and First Priority Trustee dated March 25, 2003.

                "First Priority Notes" means the 11 5/8% First Priority Mortgage
        Notes due 2010 issued by Issuers pursuant to the First Priority
        Indenture.

<PAGE>
                                       -3-

                "First Priority Secured Obligations" means the "Obligations" as
        defined in the First Priority Indenture.

                "First Priority Secured Parties" has the meaning assigned
        thereto in the Security Agreement.

                "First Priority Trustee" means U.S. Bank National Association,
        acting in its capacity as trustee for its benefit and for the benefit of
        the Holders of First Priority Notes under the First Priority Indenture
        and the Collateral Documents, together with its successors in such
        capacity.

                "Holder" means a person who at any particular time is the owner
        of a First Priority Note or Second Priority Note, as the case may be.

                "Indebtedness" has the meaning assigned to such term in the
        Indentures.

                "Indentures" means the First Priority Indenture and the Second
        Priority Indenture.

                "Lien" has the meaning assigned to such term in the Indentures.

                "Mortgage" each mortgage that is executed and delivered pursuant
        to the terms of one or more Note Documents, in each case encumbering
        real property interests or vessels of the Pledgors.

                "Note Documents" means the Indentures and the Collateral
        Documents.

                "Open Market Repurchase Account" has the meaning assigned to
        such term in the First Priority Indenture.

                "Person" means any natural person, corporation, general or
        limited partnership, limited liability company, firm, trust,
        association, government, governmental agency or other entity, whether
        acting in an individual, fiduciary or other capacity.

                "Pledgor" has the meaning assigned to such term in the Security
        Agreement.

                "Proceeding" means, with respect to any Person, any (a)
        insolvency, bankruptcy, receivership, liquidation, reorganization,
        readjustment, composition or other similar proceeding relating to such
        Person or its Property or creditors in such capacity, (b) proceeding for
        any liquidation, dissolution or other winding-up of such Person,
        voluntary or involuntary, whether or not involving insolvency or
        proceedings under the Bankruptcy Code, whether partial or complete and
        whether by operation of law or

<PAGE>
                                       -4-

        otherwise, (c) assignment for the benefit of creditors of such Person or
        (d) other marshaling of the assets of such Person.

                "Proceeds" means any and all amounts actually received by the
        Collateral Agent in connection with the enforcement of the Collateral
        Documents, including the proceeds of any collection, sale or other
        disposition of the Collateral, or any portion thereof.

                "Property" means, with respect to any Person, all property and
        interests in property of such Person, whether real, personal or mixed,
        whether now owned or existing or hereafter acquired or arising and
        wheresoever located.

                "Representative" has the meaning given such term by the
        Indentures.

                "Second Priority Indenture" means the indenture entered into by
        the Pledgors and the Second Priority Trustee, dated March 25, 2003.

                "Second Priority Notes" means the 17 5/8% Second Priority
        Mortgage Notes due 2010 issued by Issuers pursuant to the Second
        Priority Indenture.

                "Second Priority Secured Obligations" means the "Obligations" as
        defined in the Second Priority Indenture.

                "Second Priority Secured Parties" has the meaning assigned
        thereto in the Security Agreement.

                "Second Priority Trustee" means U.S. Bank National Association,
        acting in its capacity as trustee for its benefit and for the benefit of
        the Holders of Second Priority Notes under the Second Priority Indenture
        and the Collateral Documents, together with its successors in such
        capacity.

                "Secured Obligations" means the First Priority Secured
        Obligations and the Second Priority Secured Obligations.

                "Secured Parties" means the First Priority Secured Parties and
        the Second Priority Secured Parties.

                "Security Agreement" means the security agreement dated as of
        the date hereof among the Pledgors and the Collateral Agent, as amended
        from time to time.

                "Ship Mortgage" has the meaning given assigned thereto in the
        Indentures.

                "Trustees" means the First Priority Trustee and the Second
        Priority Trustee.

<PAGE>
                                       -5-

                "UCC" means the Uniform Commercial Code, as in effect from time
        to time in any applicable jurisdiction.

                All terms used but not otherwise defined herein but defined in
the UCC shall have the respective meanings provided in the UCC.

                SECTION 2.   Appointment as Collateral Agent. The First Priority
Trustee on behalf of itself and the Holders of First Priority Notes and the
Second Priority Trustee on behalf of itself and the Holders of Second Priority
Notes each hereby irrevocably and unconditionally appoints U.S. Bank National
Association to serve as Collateral Agent and representative of the First
Priority Secured Parties and the Second Priority Secured Parties under the
Collateral Documents and each hereby irrevocably and unconditionally authorizes
the Collateral Agent to act as agent for the First Priority Secured Parties and
the Second Priority Secured Parties for the purpose of executing and delivering,
on behalf of all the Secured Parties, the Collateral Documents and any other
documents or instruments related thereto or necessary or, as determined by the
Collateral Agent, desirable to perfect the Liens granted to the Secured Parties
thereunder and, subject to the provisions of this Agreement, for the purpose of
enforcing the Secured Parties' rights in respect of the Collateral and the
obligations of the Pledgors under the Collateral Documents, and for the purpose
of, or in connection with, releasing the obligations of the Pledgors under the
Collateral Documents.

                Without limiting the generality of the foregoing, the Collateral
Agent is further hereby appointed as agent for each of the Secured Parties to
hold the Liens on the Collateral granted pursuant to the Collateral Documents
with sole authority to exercise remedies under the Collateral Documents. The
Collateral Agent is hereby authorized to act as mortgagee under all Mortgages
and Ship Mortgages, beneficiary under all deeds of trust and as collateral agent
under the Security Agreement and each other Collateral Document and to follow
the instructions provided to it under this Agreement.

                SECTION 3.   Decisions Relating to Exercise of Remedies Vested
in Trustees. (a) The Collateral Agent may take such actions under the Collateral
Documents as it may, in its sole discretion, deem necessary or appropriate under
the circumstances to protect the value of the Liens granted to it thereunder.
The Collateral Agent agrees to make such demands and give such notices under the
Collateral Documents with respect to the Collateral (i) as the First Priority
Trustee may request in accordance with the provisions of this Agreement, and to
take such action to enforce the Collateral Documents and to foreclose upon,
collect and dispose of the Collateral or any portion thereof as may be directed
by such First Priority Trustee in accordance with the provisions of this
Agreement and (ii) subject to the limitations provided in this Agreement on the
authority of the Second Priority Trustee, as the Second Priority Trustee may
request, and to take such action to enforce the Collateral Documents and to
foreclose upon, collect and dispose of the Collateral or any portion thereof as
may be directed by Second Priority Trustee.

<PAGE>
                                       -6-

                The Collateral Agent shall not be required to take any action
that it believes is contrary to law or to the terms of this Agreement or any of
the Collateral Documents or which it believes would subject it or any of its
officers, employees or directors to liability, and the Collateral Agent shall
not be required to take any action under this Agreement or any of the Collateral
Documents unless and until the Collateral Agent shall receive such additional
indemnities as it may request by the Secured Parties against any and all losses,
costs, expenses or liabilities in connection therewith.

                (b)     Each of the First Priority Trustee on behalf of itself
and Holders of First Priority Notes and the Second Priority Trustee on behalf of
itself and Holders of Second Priority Notes hereby agrees that, subject to the
provisions of this Agreement, (i) the Collateral Agent may act as either such
Trustee may request, (ii) the Collateral Agent shall have no liability for
acting in accordance with such request (provided that such action does not, on
its face, conflict with the express terms of this Agreement) and (iii) no
Trustee or any Holder represented thereby shall have any liability to any other
Trustee or any holder represented thereby for any such request. The Collateral
Agent shall give prior notice to the applicable Trustee of actions to be taken
pursuant to the instructions of the First Priority Trustee or the Second
Priority Trustee, as the case may be; provided, however, that the failure to
give any such notice shall not impair the right of the Collateral Agent to take
any such action or the validity or enforceability under this Agreement or the
applicable Collateral Document of the action so taken or create a cause of
action against the Collateral Agent.

                (c)     Each of the First Priority Trustee on behalf of itself
and Holders of First Priority Notes and the Second Priority Trustee on behalf of
itself and Holders of Second Priority Notes hereby agrees that unless and until
the First Priority Trustee or the Second Priority Trustee, as the case may be,
gives direction to the Collateral Agent pursuant to Section 3(a) hereof with
respect to a Collateral Document, the only right of such First Priority Trustee
and Second Priority Trustee under the Collateral Documents is for the Secured
Obligations owing to the First Priority Secured Parties and the Second Priority
Secured Parties, respectively, to be secured by Liens on the Collateral and to
receive a share of the applicable Proceeds of Collateral if any, as and when
provided in such Collateral Documents and this Agreement, including without
limitation, Section 7 hereof.

                (d)     The Collateral Agent may at any time request directions
from the First Priority Trustee or Second Priority Trustee with respect to the
Collateral Documents as to any course of action or other matter relating hereto
or to any Collateral Document. Except to the extent that such any direction
received on such matter, on its face, conflicts with the provisions of this
Agreement, directions given by either Trustee to the Collateral Agent hereunder
shall be binding on the Trustees for all purposes.

                (e)     The First Priority Trustee on behalf of itself and the
Holders of First Priority Notes and the Second Priority Trustee on behalf of
itself and Holders of Second Priority

<PAGE>
                                       -7-

Notes each hereby agrees that neither Trustee shall have any right to, and each
agrees that it shall not, take any action whatsoever to enforce any term or
provision of any Collateral Document or to enforce any of its rights in respect
of the Collateral (whether arising under any Notes Document, operation of law,
statute or otherwise), it being understood that all rights and remedies under
the Collateral Documents shall be enforced and executed exclusively by the
Collateral Agent pursuant to this Agreement.

                (f)     In the event the Collateral Agent proceeds to foreclose
upon, collect, sell or otherwise dispose of or take any other action with
respect to the Collateral (or any portion thereof), or to enforce any Collateral
Document, or proposes to take any other action pursuant to this Agreement or
requests instructions from the Trustees as provided herein, upon the request of
the Collateral Agent, each of the First Priority Trustee and the Second Priority
Trustee agrees to provide promptly to the Collateral Agent the following
information: (i) the aggregate amount of Secured Obligations, if any, then due
and payable under the relevant Indenture, (ii) any payment received by such
Trustee to be applied to the applicable Secured Obligations. The Trustees shall
certify as to such amounts and the Collateral Agent shall be entitled to rely
conclusively upon such certification.

                SECTION 4.   Lien Priorities.

                4.1     Acknowledgment of Liens; Subordination. (a) First
Priority Trustee on behalf of itself and the Holders of First Priority Notes
hereby acknowledges that the Collateral Agent has been granted Liens upon all of
the Collateral pursuant to the Collateral Documents to secure the Second
Priority Secured Obligations. Second Priority Trustee on behalf of itself and
the Holders of Second Priority Notes hereby acknowledges that the Collateral
Agent has been granted Liens upon all of the Collateral pursuant to the
Collateral Documents to secure the First Priority Secured Obligations.

                (b)     Notwithstanding the date, manner or order of grant,
attachment or perfection of the Liens on all or any part of the Collateral
granted to secure the First Priority Secured Obligations and the Second Priority
Secured Obligations, and notwithstanding the provisions of the UCC or any other
applicable law or decision, or the terms or provisions of the First Priority
Indenture or Second Priority Indenture, or any other circumstance whatsoever,
each of First Priority Trustee on behalf of itself and the Holders of First
Priority Notes and Second Priority Trustee on behalf of itself and the Holders
of Second Priority Notes hereby agrees that (i) the First Priority Secured
Obligations shall be secured by a first, prior, senior and continuing Lien on
all of the Collateral and (ii) any Lien on all or any part of the Collateral now
or hereafter securing the Second Priority Secured Obligations, regardless of
when or how acquired, whether by grant, statute, operation of law, subrogation
or otherwise, shall be in all respects and for all purposes subject to, junior
to and subordinate to all Liens on all or any part of the Collateral granted to
secure the First Priority Secured Obligations.

<PAGE>
                                       -8-

                (c)     The relative priorities of the respective Liens
described in this Section 4.1 shall not be altered or otherwise affected by any
amendment, modification, supplement, extension, renewal, restatement,
replacement or refinancing of the Secured Obligations, or by any action or
inaction which Collateral Agent, First Priority Trustee or Second Priority
Trustee may take or fail to take in respect of the Collateral.

                4.2     Prohibition on Contesting Liens. Each of First Priority
Trustee on behalf of itself and the Holders of First Priority Notes and Second
Priority Trustee on behalf of itself and the Holders of Second Priority Notes
agrees not to seek to challenge, to avoid, to subordinate or to contest or
directly or indirectly to support any other Person in challenging, avoiding or
contesting in any judicial or other proceeding, including, without limitation,
any Proceeding, the priority, validity, extent, perfection or enforceability of
any Lien securing the First Priority Secured Obligations or Second Priority
Secured Obligations as the case may be, in all or any part of the Collateral;
provided, that nothing in this Section 4.2 is intended or shall be deemed or
construed to limit in any way the ability of First Priority Trustee or Second
Priority Trustee to enforce all of the terms and provisions of this Agreement.
As between First Priority Secured Parties and Second Priority Secured Parties,
the terms of this Agreement shall govern even if part or all of the Secured
Obligations, or the respective Liens securing payment, observance and
performance thereof are avoided, disallowed, set aside or otherwise invalidated
in any judicial proceeding or otherwise.

                SECTION 5.   Enforcement.

                5.1     No Exercise of Remedies. Unless and until the First
Priority Secured Parties shall have received indefeasible payment in full in
cash of all First Priority Secured Obligations and all obligations under the
First Priority Indenture shall have terminated pursuant to the respective terms
and provisions thereof, except as otherwise expressly permitted in Sections 5.2
and 5.3 below, neither Second Priority Trustee nor any Second Priority Secured
Party shall, or shall request that the Collateral Agent, ask, demand or sue for
any right or remedy in respect of all or any part of the Collateral and Second
Priority Trustee on behalf of itself and each Holder of Second Priority Notes
agrees not to take or receive from any Pledgor, directly or indirectly, in cash
or other Property or by set-off or in any other manner, whether pursuant to any
enforcement, collection, execution, levy or foreclosure proceeding or otherwise,
all or any part of the Collateral. Without limiting the generality of the
foregoing, unless and until the First Priority Secured Parties shall have
received indefeasible payment in full in cash of all First Priority Secured
Obligations and all obligations under the First Priority Indenture shall have
terminated pursuant to the respective terms and provisions thereof, (i) neither
Second Priority Trustee nor any Holder of Second Priority Notes shall, or shall
instruct the Collateral Agent to, exercise or otherwise assert any right or
remedy in respect of all or any part of the Collateral or any Liens thereon; and
(ii) the sole right of Second Priority Secured Parties with respect to the
Collateral shall be to have the Collateral Agent hold a Lien thereon

<PAGE>
                                       -9-

securing the Second Priority Secured Obligations to the extent granted pursuant
to the Collateral Documents and to receive Proceeds thereof in accordance with
Section 7 hereof.

                5.2     Cooperation. Second Priority Trustee agrees on behalf of
itself and each Holder of Second Priority Notes that, unless and until the First
Priority Secured Parties shall have received indefeasible payment in full in
cash of all First Priority Secured Obligations, the Second Priority Secured
Parties will not, and will not instruct the Collateral Agent to, commence, or
join with any creditor other than Collateral Agent and First Priority Trustee in
commencing, any enforcement, collection, execution, levy or foreclosure
proceeding with respect to any Lien held by it in, or otherwise with respect to,
all or any part of the Collateral, including, without limitation, petitioning,
filing or joining in any involuntary Proceeding pursuant to Section 303 of the
Bankruptcy Code.

                5.3     Certain Exercises. The provisions of this Section 5 are
intended to limit the enforcement of Second Priority Trustee's rights and
remedies with respect to the Collateral or any Lien thereon for so long and to
the extent set forth in Sections 5.1 and 5.2 hereof. Nothing in this Section 5
is intended or shall be deemed or construed to prohibit Second Priority Trustee
from making any demand for payment with respect to the Second Priority Secured
Obligations or commencing any judicial or other action to collect (without
enforcement of any of Second Priority Secured Parties' rights and remedies with
respect to all or any part of the Collateral) the Second Priority Secured
Obligations.

                5.4     Collateral Agent's Acknowledgement of Priority.
Collateral Agent acknowledges the relative priorities set forth in this
Agreement with respect to the Liens on the Collateral and hereby agrees that,
until such time as the First Priority Secured Obligations have been indefeasibly
paid in full and all obligations under the First Priority Indenture shall have
terminated pursuant to the respective terms and provisions thereof, Collateral
Agent shall not directly or indirectly seek to foreclose or realize upon,
judicially or non-judicially, any Collateral or take any other enforcement
action against or in respect of the Collateral unless the Collateral Agent shall
have received a written authorization from the First Priority Trustee.

                SECTION 6.   Liquidation; Dissolution; Bankruptcy. In the event
of any Proceeding involving any Pledgor, or any sale, transfer or other
disposition of all or substantially all of the assets of any Pledgor:

                (a)     Second Priority Trustee on behalf of itself and the
        Holders of Second Priority Secured Notes hereby agrees that First
        Priority Trustee may instruct the Collateral Agent to consent to the use
        of cash collateral or the provision of financing by Holders of First
        Priority Notes to Pledgors on such terms and conditions and in such
        amounts as the First Priority Trustee, in its sole discretion, may
        decide and that, in connection with such cash collateral usage or such
        financing, as the case may be, each

<PAGE>
                                      -10-

        Pledgor (or a trustee appointed for the estate of any Pledgor) may grant
        Liens on all of such Pledgor's Property, which Liens (i) shall secure
        payment, performance and observance of all First Priority Secured
        Obligations (whether arising prior to the commencement of any Proceeding
        or at any time thereafter); and (ii) shall be superior in priority to
        the Liens in favor of Second Priority Trustee on any Property of any
        Pledgor; provided, however, that Second Priority Trustee does not hereby
        waive any rights to seek adequate protection to the extent that holders
        of other Liens that are subject and subordinate to the Liens of the
        First Priority Secured Obligations are entitled to and obtain adequate
        protection. Second Priority Trustee agrees that it will not object to or
        oppose a sale or other disposition of any Property of any Pledgor
        securing all or any part of the Indebtedness under the First Priority
        Indenture free and clear of Liens or other claims of Second Priority
        Trustee under Section 363 of the Bankruptcy Code or any other provision
        of the Bankruptcy Code if the First Priority Trustee has instructed the
        Collateral Agent to consent to such sale or disposition and the
        respective interests of First Priority Trustee and Second Priority
        Trustee attach to the Proceeds thereof, subject in any event to the
        provisions hereof. Second Priority Trustee agrees to turn over any
        "adequate protection" of Second Priority Trustee's interest in any
        Collateral that it receives in any Proceeding to Collateral Agent to the
        extent necessary to make whole First Priority Trustee and the Holders of
        First Priority Notes and agrees that it will not seek to, or instruct
        the Collateral Agent to seek to, have the automatic stay lifted with
        respect to any Collateral, appoint a Chapter 11 trustee under Section
        1104 of the Bankruptcy Code or convert or dismiss such Proceeding under
        Section 1112 of the Bankruptcy Code. in each case without the prior
        written consent of First Priority Trustee or unless First Priority
        Trustee instructs the Collateral Agent to seek such relief. Second
        Priority Trustee waives in any Proceeding under the Bankruptcy Code any
        claim it may now or hereafter have under Section 1111(b)(2) of the
        Bankruptcy Code, including, without limitation, any such claim arising
        out of the election by the Collateral Agent (at the request of First
        Priority Trustee) of the application of Section 1111(b)(2) of the
        Bankruptcy Code, and/or any borrowing or grant of a security interest
        under Section 364 of the Bankruptcy Code by any Pledgor, as debtor in
        possession.

                (b)     Each of First Priority Trustee on behalf of itself and
        the Holders of Second Priority Notes and Second Priority Trustee on
        behalf of itself and the Holders of Second Priority Notes agrees not to,
        and not to instruct the Collateral Agent to, directly or indirectly,
        take any action or vote in any way that would be in violation of, or
        inconsistent with, or result in a breach of, this Agreement or challenge
        or contest in any Proceeding, or in connection with any other
        enforcement, collection, execution, levy or foreclosure proceeding or
        otherwise, (i) the validity, perfection, priority or enforceability of
        any Liens held by Collateral Agent to secure the payment, performance or
        observance of all or any part of the Secured Obligations, (ii) the
        rights of the Collateral

<PAGE>
                                      -11-

        Agent, First Priority Trustee, the Holders of First Priority Notes,
        Second Priority Trustee and the Holders of Second Priority Notes set
        forth in any Note Document with respect to such Liens, or (iii) the
        validity or enforceability of any of the Note Documents, including any
        term, condition or provision of this Agreement; provided, that nothing
        in this Section 6(b) is intended or shall be deemed or construed to
        limit in any way the ability of either Trustee to enforce all of the
        terms and provisions of this Agreement.

                (c)     Subject to the limitations set forth in this Agreement,
        Second Priority Trustee may file proofs of claim and other pleadings and
        motions with respect to the Collateral in such Proceeding. If a proper
        proof of claim has not been filed in the form required in such
        Proceeding at least thirty (30) days prior to the expiration of the time
        for filing thereof, the First Priority Trustee shall have the right (but
        not the duty) to instruct the Collateral Agent to file an appropriate
        claim for and on behalf of Second Priority Trustee. In furtherance of
        the foregoing, Second Priority Trustee hereby appoints the Collateral
        Agent as its attorney-in-fact, with full authority in the place and
        stead of Second Priority Trustee and full power of substitution and in
        the name of Second Priority Trustee or otherwise, to execute and deliver
        any document or instrument which Second Priority Trustee is required to
        deliver pursuant to this Section 6(c) and such appointment is coupled
        with an interest and is irrevocable.

                (d)     Second Priority Trustee shall execute and deliver to the
        Collateral Agent all such instruments and other documentation confirming
        the above authorizations and all such proofs of claim, assignments of
        claim and other instruments and documentation, and shall take all such
        other action as may be reasonably requested by First Priority Trustee or
        Collateral Agent to enforce such claims and carry out the purpose of
        this Section 6.

                SECTION 7.   Application of Proceeds.

                (a)     Any and all amounts actually received by the Collateral
Agent in connection with the enforcement of the Collateral Documents, including
the proceeds of any collection, sale or other disposition of the Collateral, or
any portion thereof (collectively, "Proceeds"), shall be applied promptly by the
Collateral Agent as follows:

                First, to the payment of the costs and expenses of such sale,
collection or other realization, including reasonable compensation to the
Collateral Agent and its agents and counsel, and all expenses, liabilities and
advances made or incurred by the Collateral Agent in connection therewith and
all amounts for which Collateral Agent is entitled to indemnification hereunder,
and to the payment of all costs and expenses paid or incurred by Collateral
Agent in connection with the exercise of any right or remedy hereunder;

<PAGE>
                                      -12-

                Second, to the First Priority Trustee for the indefeasable
payment in full in cash of the cost and expenses of the First Priority Trustee
and the interest, principal and other amounts in respect of the remaining First
Priority Secured Obligations in accordance with the terms of the First Priority
Indenture;

                Third, only after payment in full of all First Priority Secured
Obligations as contemplated above, to the Second Priority Trustee for the
indefeasible payment in full in cash of the cost and expenses of the Second
Priority Trustee and interest, principal and other amounts in respect of the
remaining Second Priority Secured Obligations in accordance with the terms of
the Second Priority Indenture;

                Fourth, after payment in full of all Secured Obligations, to the
respective Pledgor under such Collateral, or its successors or assigns, or to
whosoever may be lawfully entitled to receive the same or as a court of
competent jurisdiction may direct, any surplus then remaining from such
Proceeds.

                Until Proceeds are so applied, the Collateral Agent shall hold
such Proceeds in the Collateral Account in accordance with Section 8 hereof.

                SECTION 8.   Collateral Account. (a) The Collateral Agent is
hereby authorized to establish and maintain at its office at 180 East Fifth
Street, St. Paul, Minnesota 55101, in the name of the Collateral Agent, a
restricted deposit account designated "Trump Casino Collateral Account" (the
"Collateral Account"). Each Pledgor shall deposit into the Collateral Account
from time to time (i) the cash proceeds of any of the Collateral (including
pursuant to any disposition thereof) to the extent contemplated herein or in any
other Note Document, (ii) the cash proceeds of any Event of Loss with respect to
Collateral, to the extent contemplated by the Indentures, (iii) the cash
proceeds of any Asset Sale, to the extent contemplated by the Indentures, (iv)
any other cash such Pledgor is required to pledge as additional collateral
security hereunder pursuant to the Note Documents, (v) any Capex Reserve Amount;
provided that any amounts deposited with the Collateral Agent as Capex Reserve
Amounts shall be maintained as a separate sub-account of the Collateral Account
(the "Capex Reserve Account") and (vi) any amounts required by the Indentures to
be deposited into the Open Market Repurchase Account; provided that the Open
Market Repurchase Account shall be maintained as a separate sub-account of the
Collateral Account (the "Open Market Repurchase Account").

                (b)     The balance from time to time in the Collateral Account
shall constitute part of the Collateral and shall not constitute payment of the
Secured Obligations until applied in accordance with instructions from the First
Priority Trustee (or in the event that the First Priority Secured Secured
Obligations have been indefeasibly paid in full, the Second Priority Trustee).

<PAGE>
                                      -13-

                (c)     Amounts on deposit in the Collateral Account shall be
invested from time to time in Cash Equivalents as the First Priority Trustee (or
in the event that the First Priority Secured Obligations have been indefeasibly
paid in full, the Second Priority Trustee) shall determine, which Cash
Equivalents shall be held in the name and be under the control of the Collateral
Agent (or any sub-agent).

                (d)     So long as the Collateral Agent has not been notified by
either Trustee that an Event of Default under either Indenture has occurred and
is continuing, any interest income on the funds deposited in the Collateral
Account (including interest income on funds deposited in the Capex Reserve
Account and the Open Market Repurchase Account) shall be disbursed by the
Collateral Agent into any account specified by the Issuers for use in any manner
permitted by the Indentures.

                SECTION 9.   When Proceeds Must Be Paid Over. In the event any
proceeds of Collateral are received by Second Priority Trustee or any Holder of
Second Priority Notes for application to the Second Priority Secured Obligations
other than as expressly permitted by the terms of this Agreement, such proceeds
shall be received by such Person in trust for the benefit of First Priority
Secured Parties and such Person shall promptly turn over such proceeds to the
Collateral Agent (in the same form as received, with any necessary non-recourse
endorsement), for application (in the case of cash) to, or as Collateral (in the
case of non-cash Property or securities) for, the payment or prepayment of the
First Priority Secured Obligations. In the event Second Priority Trustee or any
Holder of Second Priority Notes fails to provide any endorsement, as
contemplated by the preceding sentences, the Collateral Agent, or any of its
officers or employees, is hereby irrevocably authorized to make the same (which
authorization, being coupled with an interest, is irrevocable).

                SECTION 10.  Subrogation. Second Priority Trustee on behalf of
itself and the other Second Priority Secured Parties hereby waives all rights of
subrogation to the claims of First Priority Secured Parties against any Pledgor,
and waives all rights of recourse to any security for any Second Priority
Secured Obligations, until such time as all First Priority Secured Obligations
shall have been indefeasibly paid in full in cash and the First Priority Notes
and First Priority Indenture and all obligations thereunder shall have
terminated pursuant to the respective terms and provisions thereof, provided,
that if any payment to First Priority Secured Parties is rescinded as a result
of a Proceeding or otherwise, the subrogation of Second Priority Secured Parties
as provided herein shall likewise be rescinded until all of the First Priority
Secured Obligations are indefeasibly paid in full in cash.

                SECTION 11.  No Impairment of Subordination. No right of the
Collateral Agent or any First Priority Secured Party to enforce the
subordination of the Liens on Collateral securing all or any part of the Second
Priority Secured Obligations shall be impaired by any act or failure to act by
any Pledgor or by its failure to comply with this Agreement. Without limiting
the generality of the foregoing, the rights of the Collateral Agent and the

<PAGE>
                                      -14-

other First Priority Secured Parties under this Agreement shall remain in full
force and effect without regard to, and shall not be impaired by: (a) any act or
failure to act of any Pledgor, Second Priority Trustee or Holder of Second
Priority Notes, or any noncompliance by any Pledgor, Second Priority Trustee or
Holder of Second Priority Notes with any agreement or obligation, regardless of
any knowledge thereof which the Collateral Agent or other First Priority Secured
Parties may have or with which the Collateral Agent and other First Priority
Secured Parties may be charged, (b) the validity or enforceability of any of the
Note Documents, (c) any extension or indulgence in respect of any payment or
prepayment of the First Priority Secured Obligations or any part thereof or in
respect of any other amount payable to First Priority Secured Parties, (d) any
amendment, modification or waiver of any of the terms of the Note Documents, (e)
any exercise, delayed exercise or non-exercise by the First Priority Secured
Parties of any right, power, privilege or remedy under or in respect of any
First Priority Secured Obligations, the Collateral or this Agreement, (f) any
other action of the Collateral Agent or the other First Priority Secured Parties
permitted under the Note Documents or (g) the absence of any notice to, or
knowledge by, Second Priority Secured Parties of the existence, creation or
non-payment of all or any part of the First Priority Secured Obligations, or the
occurrence of any of the matters or events set forth in the foregoing clauses
(a) through (f), except as such notice shall be specifically required pursuant
to the terms hereof.

                SECTION 12.  Waivers and Consents of Second Priority Trustee.
The provisions of this Section 12 shall remain in full force and effect until
all First Priority Secured Obligations shall have been indefeasibly paid in full
and all obligations under the First Priority Indenture shall have terminated
pursuant to the respective terms and provisions thereof; provided, that this
Section 12 shall continue to be effective or be reinstated, as the case may be,
if at any time any payment of any First Priority Secured Obligations is
rescinded, avoided or must otherwise be returned by First Priority Trustee or
any Holder of First Priority Notes upon the insolvency, bankruptcy or
reorganization of any Pledgor, all as though such payment had not been made.

                (a)     All of the First Priority Secured Obligations shall be
deemed to have been made or incurred in reliance upon this Agreement and Second
Priority Trustee on behalf of itself and the Holders of Second Priority Notes
expressly waives (i) notice of acceptance by First Priority Trustee or any
Holder of First Priority Notes of this Agreement, (ii) notice of the existence
or creation or nonpayment of all or any part of the First Priority Secured
Obligations, (iii) all diligence in collection or protection of or realization
upon all or any part of the First Priority Secured Obligations or any Collateral
and any requirement that First Priority Trustee or any Holder of First Priority
Notes protect, secure, perfect or insure any Lien or any Property subject
thereto or exhaust any right or take any action against any Pledgor or any other
Person or any such Property, and (iv) promptness, diligence, notice of
acceptance and any other notice with respect to any of the First Priority
Secured Obligations.

<PAGE>
                                      -15-

                (b)     Second Priority Trustee agrees and consents on behalf of
itself and the Holders of Second Priority Notes that First Priority Trustee or
any Holder of First Priority Notes may each, at any time and from time to time,
in their sole discretion, without the consent of or notice to Second Priority
Trustee (except to the extent such notice is specifically required pursuant to
the provisions of this Agreement) or any Holder of Second Priority Notes,
without incurring responsibility to Second Priority Trustee or any Holder of
Second Priority Notes. and without impairing or releasing the subordination
provided for herein or the obligations of Second Priority Trustee or any such
Holder of Second Priority Notes to First Priority Trustee or any Holder of First
Priority Notes hereunder, amend, restate, supplement or otherwise modify the
First Priority Indenture in any way whatsoever, including, without limitation,
the following: (i) shorten the final maturity of all or any part of the
Indebtedness under the First Priority Indenture, (ii) increase the principal
amount of Indebtedness under the First Priority Indenture, or otherwise provide
for additional advances, (iii) raise the standard or default per annum interest
rates applicable to all or any part of the Indebtedness under the First Priority
Indenture, (iv) impose any additional fees or penalties upon any Pledgor or
increase the amount of or rate for any fees or penalties provided for in the
First Priority Indenture, (v) retain or obtain a Lien on any Property to secure
any of the Indebtedness under the First Priority Indenture, (vi) enter into new
Note Documents with any Pledgor or any of its direct or indirect subsidiaries,
(vii) change the manner, place or terms of payment or extend the time of payment
of, or renew or alter, all or any of the Indebtedness under the First Priority
Indenture or otherwise amend, restate, supplement or otherwise modify in any
manner, or grant any waiver or release with respect to, all or any part of the
Indebtedness under the First Priority Indenture, (viii) retain or obtain the
primary or secondary obligation of any other Person with respect to any of the
Indebtedness under the First Priority Indenture, (ix) release any Person liable
in any manner under or in respect of Indebtedness under the First Priority
Indenture or release or compromise any obligation of any nature of any Person
with respect to any of the Indebtedness under the First Priority Indenture, (x)
sell, exchange, not perfect or otherwise deal with any Property at any time
pledged, assigned or mortgaged to secure or otherwise securing, all or any part
of the Indebtedness under the First Priority Indenture, (xi) release its
security interest in, or surrender, release or permit any substitution or
exchange for, all or any part of any Property securing any Indebtedness under
the First Priority Indenture, or release, compromise, alter or exchange any
obligations of any nature of any Person with respect to any such Property, (xii)
amend, or grant any waiver or release with respect to, or consent to any
departure from, any guaranty for all or any of the Indebtedness under the First
Priority Indenture, (xiii) exercise or refrain from exercising any rights
against and release from obligations of any type, any Pledgor or any other
Person, (xiv) apply any sums from time to time received to the First Priority
Secured Obligations in such manner as such Person shall determine and (xv)
otherwise manage and supervise the First Priority Secured Obligations in
accordance with such Person's usual practices, modified from time to time as
such Person deems appropriate under the circumstances.

<PAGE>
                                      -16-

                (c)     In the event First Priority Trustee instructs the
Collateral Agent to release any of its Liens on all or any part of the
Collateral in connection with the sale or other disposition thereof at the
request of any Pledgor or pursuant to any Enforcement Action or otherwise, First
Priority Trustee agrees to instruct the Collateral Agent in writing thereof,
with a notice to the Second Priority Trustees, with such instruction stating the
portion of the Collateral to be sold or disposed of and further stating that
such Collateral will be sold free and clear of the Liens of the First Priority
Secured Obligations and the Second Priority Secured Obligations ("Release
Notice"); provided, that First Priority Trustee shall not provide any Release
Notice (other than in connection with an Enforcement Proceeding) if an Event of
Default then exists under the Second Priority Indenture. Upon receipt of any
such notice, Collateral Agent shall take such steps as may be reasonably
requested by First Priority Trustee in order to release the Liens securing the
Secured Obligations from such Collateral. Second Priority Trustee acknowledges,
confirms and agrees that upon First Priority Trustee giving such a Release
Notice to Second Priority Trustee in accordance with Section 18 below, Second
Priority Trustee shall be deemed to consent to such sale or other disposition
under the Note Documents and the Lien securing the Second Priority Secured
Obligations on such Collateral shall be deemed to be, and shall be,
automatically released and terminated contemporaneously with the release by
Collateral Agent of the Lien securing the First Priority Secured Obligations
thereon. Second Priority Trustee agrees that no further act or documentation
shall be necessary to evidence the release and termination of such Lien. In the
event that First Priority Trustee or Collateral Agent requests Second Priority
Trustee to execute and deliver any formal release or termination of the Lien
securing the Second Priority Secured Obligations upon such Collateral in
connection with a Release Notice, Second Priority Trustee agrees to execute the
same forthwith. In furtherance of the foregoing, Second Priority Trustee hereby
appoints Collateral Agent as its attorney-in-fact, with full authority in the
place and stead of Second Priority Trustee and full power of substitution and in
the name of Second Priority Trustee or otherwise, to execute and deliver any
document or instrument which Second Priority Trustee is required to deliver
pursuant to this Section 12(c) and such appointment is coupled with an interest
and is irrevocable.

                (d)     Each of First Priority Trustee and Second Priority
Trustee hereby agrees to use its best efforts to give written notice to the
other and to Collateral Agent of any declaration of acceleration, Event of
Default declared in writing by it or, in the case of First Priority Trustee,
commencement of any Enforcement Action; provided, that failure to give any such
notice shall not result in liability to First Priority Trustee or Second
Priority Trustee, as the case may be, or modify in any way the terms and
provisions of this Agreement and the obligations of the respective parties
hereunder.

                (e)     Notwithstanding anything to the contrary contained
herein, in the event that First Priority Trustee instructs Collateral Agent to
release the Liens securing the First Priority Secured Obligations on the
Collateral as a result of the prior or concurrent indefeasible payment in full
in cash of the Indebtedness under the First Priority Indenture and termination

<PAGE>
                                      -17-

of the First Priority Notes and the First Priority Indenture and all obligations
thereunder, the Liens securing the Second Priority Secured Obligations on any
Collateral remaining after giving effect to such payment and termination (and
any sale, transfer or other disposition of Collateral occurring in connection
therewith) shall not be released by Collateral Agent in connection therewith.

                SECTION 13.  Disclaimers, Indemnity, Etc. (a) By becoming a
party to this Agreement, each of the First Priority Trustee on behalf of itself
and the Holders of First Priority Notes and the Second Priority Trustee on
behalf of itself and the Holders of Second Priority Notes hereby acknowledges
that the Collateral Agent shall not be the trustee of any Secured Party. The
Collateral Agent shall have no duties or responsibilities except those expressly
set forth in this Agreement, the Security Documents, and the Collateral Agent
shall not by reason of this Agreement or any of the Collateral Documents be a
trustee for any Secured Party or have any other fiduciary obligation to any
Secured Party (including any obligation under the Trust Indenture Act of 1939,
as amended). The Collateral Agent shall not be responsible to any Secured Party
for any recitals, statements, representations or warranties contained in this
Agreement or any Collateral Document or in any certificate or other document
referred to or provided for in, or received by any of them under, any of the
Notes Documents, or for the value, validity, effectiveness, genuineness,
enforceability or sufficiency of any of the Notes Documents or any other
document referred to or provided for therein or any Lien under the Collateral
Documents or the perfection or priority of any such Lien or for any failure by
any other party to perform any of its respective obligations under any of the
Notes Documents. The Collateral Agent may employ agents and attorneys-in-fact
and shall not be responsible, except as to money or securities received by it or
its authorized agents, for the negligence or misconduct of any such agents or
attorneys-in-fact selected by it with reasonable care. Neither the Collateral
Agent nor any of its directors, officers, employees or agents shall be liable or
responsible for any action taken or omitted to be taken by it or them hereunder
or in connection herewith, except for actions that are finally judicially
determined to have resulted from its or their own gross negligence or willful
misconduct.

                (b)     The Collateral Agent shall be entitled to rely upon any
certification, notice or other communication (including any thereof by telex,
telecopy, telegram or cable) believed by it to be genuine and correct and to
have been signed or sent by or on behalf of the proper person or persons, and
upon advice and statements of legal counsel, independent accountants and other
experts selected by the Collateral Agent. Without limiting any rights of the
Collateral Agent hereunder, the Collateral Agent shall in all cases be fully
protected in acting, or in refraining from acting, hereunder in accordance with
instructions signed by either Trustee (unless such instructions are on their
face contrary to the provisions of this Agreement), and any action taken or
failure to act pursuant thereto, shall be binding on the Trustees.

                (c)     Except as expressly provided herein and in the
Collateral Documents, the Collateral Agent shall have no duty to take any
affirmative steps with respect to the collection

<PAGE>
                                      -18-

of amounts payable in respect of the Collateral. The Collateral Agent shall
incur no liability to any Secured Party as a result of any sale of any
Collateral at any private sale.

                (d)     (i)     The Collateral Agent may resign at any time by
giving at least 5 days' notice thereof to the Trustees (such resignation to take
effect as hereinafter provided) and the Collateral Agent may be removed as
Collateral Agent at any time by the agreement of each of the Trustees. In the
event of such resignation or removal of the Collateral Agent, the Trustees shall
thereupon have the right to appoint a successor Collateral Agent. If no
successor Collateral Agent shall have been so appointed by the Trustees and
shall have accepted such appointment within 30 days after the notice of the
intent of the Collateral Agent to resign, then the retiring Collateral Agent
may, on behalf of the other Secured Parties, appoint a successor Collateral
Agent. Any successor Collateral Agent appointed pursuant to this clause (f)(i)
shall be a commercial bank organized under the laws of the United States of
America or any state thereof and having a combined capital and surplus of at
least $500,000,000.

                        (ii)    Upon the acceptance of any appointment as
Collateral Agent hereunder by a successor Collateral Agent, such successor
Collateral Agent shall thereupon succeed to and become vested with all the
rights, powers, privileges and duties of the retiring or removed Collateral
Agent, and the retiring or removed Collateral Agent shall thereupon be
discharged from its duties and obligations hereunder. After any retiring or
removed Collateral Agent's resignation or removal hereunder as Collateral Agent,
the provisions of this Section 13 shall continue in effect for its benefit in
respect of any actions taken or omitted to be taken by it while it was acting as
the Collateral Agent.

                        (iii)   In no event shall the Collateral Agent or any
Secured Party be liable or responsible for any funds or investments of funds
held by any Pledgor or any affiliate thereof.

                (e)     Each of the Secured Parties understands and acknowledges
that the Collateral Agent and its affiliates may also hold indebtedness of the
Company and its subsidiaries, be an agent under any of the Notes Documents and
act in other financial advisory or underwriting capacities on behalf of the
Company and any of its subsidiaries, and waives any actual or potential conflict
of interest resulting therefrom.

                (f)     Each of the parties hereto authorizes the Collateral
Agent to execute and file on its behalf all such further documents and
instruments, and authorizes the Collateral Agent to perform such other acts, as
may be reasonably necessary or advisable to effectuate the purposes of this
Agreement.

                SECTION 14.  Waiver of Rights. Second Priority Trustee hereby
waives, to the fullest extent permitted by applicable law, any rights it may
have to enjoin or otherwise obtain a judicial or administrative order preventing
the Collateral Agent or First Priority Trustee

<PAGE>
                                      -19-

from taking, or refraining from taking, any action with respect to all or any
part of the Collateral.

                SECTION 15.  Continuation of Subordination; Termination of
Agreement. This Agreement shall in all respects be a continuing agreement and
shall remain in full force and effect until all First Priority Secured
Obligations shall have been indefeasibly paid in full and all obligations under
the First Priority Indenture shall have terminated pursuant to the respective
terms and provisions thereof and all Second Priority Secured Obligations shall
have been indefeasibly paid in full and all obligations under the Second
Priority Indenture shall have terminated pursuant to the respective terms and
provisions thereof.

                SECTION 16.  Specific Performance. First Priority Trustee, on
the one hand, and Second Priority Trustee, on the other hand, is hereby
authorized to demand specific performance of the provisions of this Agreement,
at any time when Second Priority Trustee, on the one hand, or the First Priority
Trustee, on the other hand, shall have failed to comply with any term or
provision hereof. Each of First Priority Trustee (on its behalf and on behalf of
the Holders of First Priority Notes), and Second Priority Trustee (on its behalf
and on behalf of the Holders of Second Priority Notes) hereby irrevocably waives
any defense based on the adequacy of a remedy at law that might be asserted as a
bar to such remedy of specific performance.

                SECTION 17.  Further Assurances. Each party hereto will, upon
the written request of the other party, from time to time execute and deliver or
cause to be executed and delivered such further instruments and agreements and
do or cause to be done such further acts as may be reasonably necessary or
proper to carry out more effectively the provisions of this Agreement and to
effectuate the terms of the Lien subordination and other provisions contemplated
hereby. Without limiting the generality of the foregoing provisions of this
Section 17, upon the written request of Second Priority Trustee, First Priority
Trustee shall provide Second Priority Trustee with copies of all Note Documents
in effect at the time of such request.

                SECTION 18.  Notices. Unless otherwise specifically provided
herein, all notices shall be in writing addressed to the respective parties as
set forth below and may be personally served, facsimilied or sent by overnight
courier service or United States mail and shall be deemed to have been given:
(a) if delivered in person, when delivered; (b) if delivered by facsimile
transmission, on the date of such transmission if transmitted on a business day
before 4:00 p.m. (New York time) or, if not, on the next succeeding business
day; (c) if delivered by overnight courier, two days after delivery to such
courier correctly addressed; or (d) if by United States Mail, four business days
after deposit in the United States mail, with postage prepaid and properly
addressed:

<PAGE>
                                      -20-

        If to Collateral Agent:   U.S. BANK NATIONAL ASSOCIATION
                                  180 East Fifth Street
                                  St. Paul, MN 55101
                                  Attention:  Corporate Trust Department
                                  FAX:  (651) 244-0711

        If to First Priority      U.S. BANK NATIONAL ASSOCIATION
        Trustee:                  180 East Fifth Street
                                  St. Paul, MN 55101
                                  Attention:  Corporate Trust Department
                                  FAX:  (651) 244-0711

        If to Second Priority     U.S. BANK NATIONAL ASSOCIATION
        Trustee:                  180 East Fifth Street
                                  St. Paul, MN 55101
                                  Attention:  Corporate Trust Department
                                  FAX:  (651) 244-0711

or to such other address as the party addressed shall have previously designated
by written notice to the serving party given in accordance with this Section 18.

                SECTION 19.  SUBMISSION TO JURISDICTION; SERVICE OF PROCESS.
COLLATERAL AGENT, FIRST PRIORITY TRUSTEE AND EACH HOLDER OF FIRST PRIORITY NOTES
MAY ENFORCE ANY CLAIM ARISING OUT OF THIS AGREEMENT IN ANY STATE OR FEDERAL
COURT HAVING SUBJECT MATTER JURISDICTION AND LOCATED IN THE CITY OF NEW YORK,
NEW YORK. FOR THE PURPOSE OF ANY ACTION OR PROCEEDING INSTITUTED WITH RESPECT TO
ANY SUCH CLAIM, SECOND PRIORITY TRUSTEE HEREBY IRREVOCABLY SUBMITS TO THE
JURISDICTION OF SUCH COURTS. SECOND PRIORITY TRUSTEE HEREBY IRREVOCABLY CONSENTS
TO THE SERVICE OF PROCESS OUT OF SUCH COURTS BY MAILING A COPY THEREOF, BY
REGISTERED MAIL, POSTAGE PREPAID, TO SUCH PERSON AT THE ADDRESS SET FORTH IN
SECTION 18 HEREOF AND AGREES THAT SUCH SERVICE, TO THE FULLEST EXTENT PERMITTED
BY LAW, (i) SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON
SUCH PERSON IN ANY SUCH SUIT, ACTION OR PROCEEDING AND (ii) SHALL BE TAKEN AND
HELD TO BE VALID PERSONAL SERVICE UPON AND PERSONAL DELIVERY TO SUCH PERSON.
NOTHING CONTAINED HEREIN SHALL AFFECT THE RIGHTS OF FIRST PRIORITY TRUSTEE OR
ANY HOLDER OF FIRST PRIORITY NOTES TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR PRECLUDE FIRST PRIORITY TRUSTEE OR ANY HOLDER OF FIRST
PRIORITY NOTES FROM BRINGING AN

<PAGE>
                                      -21-

ACTION OR PROCEEDING IN RESPECT HEREOF IN ANY OTHER COUNTRY, STATE OR PLACE
HAVING JURISDICTION OVER SUCH ACTION. SECOND PRIORITY TRUSTEE HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH SUCH PERSON
NOW OR HEREAFTER MAY HAVE TO THE LAYING OF THE VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR
PROCEEDING HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

                SECTION 20.  JURY TRIAL. EACH PARTY HERETO HEREBY EXPRESSLY
WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR
DEFEND ANY RIGHTS OR REMEDIES HEREUNDER OR UNDER ANY AGREEMENT, DOCUMENT OR
INSTRUMENT DELIVERED OR WHICH MAY HEREAFTER BE DELIVERED IN CONNECTION HEREWITH,
OR ARISING FROM ANY RELATIONSHIP ARISING HEREUNDER, AND AGREES THAT ANY SUCH
ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.

                SECTION 21.  Successors and Assigns. This Agreement shall be
binding upon and inure to the benefit of Collateral Agent, First Priority
Trustee, Second Priority Trustee and each of their respective successors,
transferees and assigns.

                SECTION 22.  Governing Law. This Agreement shall be construed
and interpreted, and the rights of the parties shall be determined, in
accordance with the internal laws and decisions of the State of New York,
without regard to conflicts of laws principles.

                SECTION 23.  Entire Agreement; Amendments and Waivers. This
Agreement constitutes the entire agreement between the parties hereto pertaining
to the subject matter hereof. There are no other agreements between the parties
hereto in connection with the subject matter hereof except as specifically set
forth herein or contemplated hereby. No amendment, modification or waiver of any
of the provisions of this Agreement shall be binding unless executed in writing
by Collateral Agent, First Priority Trustee (unless, at the time of such
amendment, the First Priority Secured Obligations have been indefeasibly paid in
full in cash and the First Priority Indenture has been discharged in accordance
with the provisions thereof) and Second Priority Trustee; provided, that each of
First Priority Trustee and Second Priority Trustee hereby agree that Collateral
Agent may enter into an amendment to this Agreement with any Representative on
the terms set forth on Annex A to each Indenture. No waiver of any of the
provisions of this Agreement shall be deemed or shall constitute a waiver of any
other provision hereof (whether or not similar), nor shall such waiver
constitute a continuing waiver unless otherwise expressly provided.

<PAGE>
                                      -22-

                SECTION 24.  Counterparts. This Agreement may be executed in one
or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

                SECTION 25.  Invalidity. In the event one or more of the
provisions contained in this Agreement shall, for any reason, be held to be
invalid or unenforceable in any respect, such invalidity or unenforceability
shall not affect any other provision of this Agreement.

                SECTION 26.  Headings. The headings of the several sections
herein are inserted for convenience of reference only and are not intended to be
a part of or to affect the meaning or interpretation of this Agreement.

                SECTION 27.  Contractual Representative for Perfection; Actions
with Respect to Collateral. First Priority Trustee and Second Priority Trustee
each hereby appoints Collateral Agent as its contractual representative solely
for purposes of perfecting the Liens on the Collateral securing the Secured
Obligations which is of a type such that perfection of a Lien thereon may be
accomplished only by possession thereof by such Secured Parties.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK;
                             SIGNATURE PAGE FOLLOWS]

<PAGE>

                IN WITNESS WHEREOF, this Agreement has been made and delivered
as of the 25th day of March 2003.

                                        U.S. BANK NATIONAL ASSOCIATION, as
                                        Collateral Agent

                                        By: /s/ Richard H. Prokosch
                                            ------------------------------------
                                            Name:  Richard H. Prokosch
                                            Title: Vice President

                                        U.S. BANK NATIONAL ASSOCIATION,
                                        as First Priority Trustee

                                        By: /s/ Richard H. Prokosch
                                            ------------------------------------
                                            Name:  Richard H. Prokosch
                                            Title: Vice President

                                        U.S. BANK NATIONAL ASSOCIATION,
                                        as Second Priority Trustee

                                        By: /s/ Richard H. Prokosch
                                            ------------------------------------
                                            Name:  Richard H. Prokosch
                                            Title: Vice President

<PAGE>

                           ACKNOWLEDGMENT AND CONSENT

                Each of the undersigned hereby acknowledges receipt of a copy of
the foregoing Intercreditor Agreement and acknowledges and consents to all of
the terms and provisions thereof.

                                       TRUMP CASINO HOLDINGS, LLC

                                       By: /s/ John P. Burke
                                           ------------------------------------
                                           Name:  John P. Burke
                                           Title: CFO, Executive Vice President,
                                                  Corporate Treasurer and
                                                  Secretary

                                       TRUMP CASINO FUNDING, INC.

                                       By: /s/ John P. Burke
                                           ------------------------------------
                                           Name:  John P. Burke
                                           Title: CFO, Executive Vice President,
                                                  Corporate Treasurer and
                                                  Secretary

                                       TRUMP INDIANA, INC.

                                       By: /s/ John P. Burke
                                           ------------------------------------
                                           Name:  John P. Burke
                                           Title: Executive Vice President and
                                                  Treasurer

                                       TRUMP INDIANA REALTY, LLC

                                       By: Trump Casino Holdings, LLC, its
                                            member

                                       By: /s/ John P. Burke
                                           ------------------------------------
                                           Name:  John P. Burke
                                           Title: CFO, Executive Vice President,
                                                  Corporate Treasurer and
                                                  Secretary

                                       TRUMP MARINA, INC.

                                       By: /s/ John P. Burke
                                           ------------------------------------
                                           Name:  John P. Burke
                                           Title: Vice President and
                                                  Treasurer

<PAGE>
                                       -2-

                                       TRUMP MARINA ASSOCIATES, L.P.

                                       By: Trump Marina, Inc., its general
                                            partner

                                       By: /s/ John P. Burke
                                           -------------------------------------
                                           Name:  John P. Burke
                                           Title: Vice President and Treasurer

                                       THCR MANAGEMENT HOLDINGS, LLC

                                       By: Trump Casino Holdings, LLC, its
                                            member

                                       By: /s/ John P. Burke
                                           -------------------------------------
                                           Name:  John P. Burke
                                           Title: CFO, Executive Vice President,
                                                  Corporate Treasurer and
                                                  Secretary

                                       THCR MANAGEMENT SERVICES, LLC

                                       By: THCR Management Holdings, LLC, its
                                            member

                                       By: Trump Casino Holdings, LLC, its
                                            member

                                       By: /s/ John P. Burke
                                           -------------------------------------
                                           Name:  John P. Burke
                                           Title: CFO, Executive Vice President,
                                                  Corporate Treasurer and
                                                  Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00051-of-00352.parquet"}]]