Exhibit 10.30
TERM LOAN AGREEMENT
Dated as of May 22, 1998
By and Among
AUTOTOTE CORPORATION,
as Borrower,
AUTOTOTE LOTTERY CORPORATION,
as Borrower,
VARIOUS FINANCIAL INSTITUTIONS
as Banks,
and
HELLER FINANCIAL, INC.,
as Agent
TABLE OF CONTENTS
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SECTION 1. AMOUNT AND TERMS OF TERM LOAN................................................1
1.1. Term Loan..........................................................................1
1.2. Minimum Amount of Each Advance.....................................................1
1.3. Notice of Borrowing; Fixed Rate Notice.............................................1
1.4. Advances...........................................................................2
1.5. Term Notes.........................................................................3
1.6. Conversions........................................................................3
1.7. Pro Rata Borrowing.................................................................3
1.8. Interest...........................................................................4
1.9. Interest Periods...................................................................5
1.10. Increased Costs, Illegality, etc..................................................6
1.11. Compensation......................................................................7
1.12. Change of Lending Office..........................................................8
1.13. Replacement of Banks..............................................................8
1.14. Closing Fee.......................................................................9
SECTION 2. PREPAYMENTS; PAYMENTS; TAXES.................................................9
2.1. Voluntary Prepayments..............................................................9
2.2. Mandatory Repayments...............................................................10
2.3. Method and Pl