First Supplemental Indenture (2006)Full Document 

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STATION CASINOS, INC.

 


 

 

7.75% SENIOR NOTES DUE 2016

 

 


 

FIRST SUPPLEMENTAL INDENTURE

 

DATED AS OF AUGUST 15, 2006

 

TO INDENTURE DATED AS OF AUGUST 1, 2006

 


 

LAW DEBENTURE TRUST COMPANY OF NEW YORK

 

TRUSTEE

 



 

CROSS-REFERENCE TABLE*

 

Trust Indenture

 

 

Act Section

 

Indenture Section

 

 

 

310(a)(1)

 

7.10

 

(a)(2)

 

7.10

 

(a)(3)

 

N.A.

 

(a)(4)

 

N.A.

 

(b)

 

7.08; 7.10; 10.02

 

(c)

 

N.A.

311(a)

 

7.11

 

(b)

 

7.11

 

(c)

 

N.A.

312(a)

 

2.05

 

(b)

 

10.03

 

(c)

 

10.03

313(a)

 

7.06

 

(b)(1)

 

N.A.

 

(b)(2)

 

7.06

 

(c)

 

7.06; 10.02

 

(d)

 

7.06

314(a)

 

4.02; 10.02

 

(b)

 

N.A.

 

(c)(1)

 

10.04

 

(c)(2)

 

10.04

 

(c)(3)

 

N.A.

 

(d)

 

N.A.

 

(e)

 

10.05

 

(f)

 

N.A.

315(a)

 

7.01(b)

 

(b)

 

7.05; 10.02

 

(c)

 

7.01(a)

 

(d)

 

7.01(c)

 

(e)

 

6.11

316(a) (last sentence)

 

2.09

 

(a)(1)(A)

 

6.05

 

(a)(1)(B)

 

6.04

 

(a)(2)

 

N.A.

 

(b)

 

6.04; 6.07

317(a)(1)

 

6.08

 

(a)(2)

 

6.09

 


*              This Cross-Reference Table is not part of the Indenture.

 

Attention should also be directed to Section 318(c) of the Trust Indenture Act of 1939, as amended, which provides that the provisions of Section 310 through 317 of such Act are a part of and govern every qualified indenture, whether or not physically contained therein.

 



 

 

(b)

 

2.04

318(a)

 

10.01

 


N.A. means not applicable.

 



 

Table of Contents

 

 

 

Page

 

 

 

Article 1 DEFINITIONS AND INCORPORATION BY REFERENCE

1

 

 

 

Section 1.01

Definitions

1

Section 1.02

Other Definitions

13

Section 1.03

Incorporation by Reference of Trust Indenture Act

14

Section 1.04

Rules of Construction

14

 

 

 

Article 2 THE NOTES

15

 

 

 

Section 2.01

Form; Dating, Execution and Authentication

15

Section 2.02

Registrar; Paying Agent; Depository; Note Custodian

16

Section 2.03

Paying Agent to Hold Money in Trust

16

Section 2.04

Noteholder Lists

17

Section 2.05

Transfer and Exchange

17

Section 2.06

Replacement Notes.

20

Section 2.07

Outstanding Notes

21

Section 2.08

Treasury Notes

21

Section 2.09

Temporary Notes

21

Section 2.10

Cancellation

21

Section 2.11

Defaulted Interest

22

Section 2.12

CUSIP Numbers

22

 

 

 

Article 3 REDEMPTION

22

 

 

 

Section 3.01

Notices to Trustee

22

Section 3.02

Selection of Notes to Be Redeemed

22

Section 3.03

Notice of Redemption

23

Section 3.04

Effect of Notice of Redemption

23

Section 3.05

Deposit of Redemption Price

24

Section 3.06

Notes Redeemed in Part

24

Section 3.07

Mandatory Disposition Pursuant to Gaming Laws

24

 

 

 

Article 4 COVENANTS

24

 

 

 

Section 4.01

Payment of Notes

24

Section 4.02

SEC Reports, Financial Reports

25

Section 4.03

Compliance Certificate

25

Section 4.04

Stay, Extension and Usury Laws

26

Section 4.05

Limitation on Indebtedness

26

Section 4.06

Limitation on Capital Stock of Restricted Subsidiaries

27

Section 4.07

Corporate Existence

28

Section 4.08

Taxes

28

Section 4.09

Investment Company Act

28

Section 4.10

Limitation on Transactions with Affiliates

28

 

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Section 4.11

Change of Control and Rating Decline

29

Section 4.12

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries

30

Section 4.13

Limitation on Liens

31

Section 4.14

No Amendment to Subordination Provisions

33

 

 

 

Article 5 SUCCESSORS

33

 

 

 

Section 5.01

When Company May Merge, etc

33

Section 5.02

Successor Corporation Substituted

34

 

 

 

Article 6 DEFAULTS AND REMEDIES

34

 

 

 

Section 6.01

Events of Default

34

Section 6.02

Acceleration

36

Section 6.03

Other Remedies

36

Section 6.04

Waiver of Past Defaults

37

Section 6.05

Control by Majority

37

Section 6.06

Limitation on Suits

37

Section 6.07

Rights of Holders to Receive Payment

37

Section 6.08

Collection Suit by Trustee

37

Section 6.09

Trustee May File Proofs of Claim

38

Section 6.10

Priorities

38

Section 6.11

Undertaking for Costs

38

 

 

 

Article 7 TRUSTEE

39

 

 

 

Section 7.01

Duties of Trustee

39

Section 7.02

Rights of Trustee

40

Section 7.03

Individual Rights of Trustee

41

Section 7.04

Trustee’s Disclaimer

41

Section 7.05

Notice of Defaults

41

Section 7.06

Reports by Trustee to Holders

41

Section 7.07

Compensation and Indemnity

41

Section 7.08

Replacement of Trustee

42

Section 7.09

Successor Trustee by Merger, etc

43

Section 7.10

Eligibility; Disqualification

43

Section 7.11

Preferential Collection of Claims Against Company

43

 

 

 

Article 8 DISCHARGE OF INDENTURE

44

 

 

 

Section 8.01

Termination of Company’s Obligations

44

Section 8.02

Application of Trust Money

44

Section 8.03

Repayment to Company

45

Section 8.04

Reinstatement

45

 

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Article 9 AMENDMENTS, SUPPLEMENTS AND WAIVERS

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