REVOLVING CREDIT NOTE
$50,000,000.00
February 20, 2004
FOR VALUE
RECEIVED, the undersigned, GOLDEN ROAD MOTOR INN, INC., a
Nevada
corporation (the "Borrower") promises to
pay to the order of WELLS FARGO BANK,
National Association, as Agent Bank on
behalf of itself and the other Lenders
as defined and described in the Credit
Agreement described hereinbelow (each,
together with their respective successors
and assigns, individually being
referred as a "Lender" and collectively as
the "Lenders") such sums as Lenders
may hereafter loan or advance or re-loan to
the Borrower from time to time
pursuant to the Credit Facility as
described in the Credit Agreement,
hereinafter defined, up to the maximum
principal amount of Fifty Million
Dollars ($50,000,000.00), the unpaid
balance of which shall not exceed in the
aggregate the Maximum Permitted Balance at
any time, together with interest on
the principal balance outstanding from time
to time at the rate or rates set
forth in the Credit Agreement.
A. Incorporation
of Credit Agreement.
1. Reference is made to the Credit Agreement dated concurrently
herewith (the "Credit Agreement"), executed
by and among the Borrower,
Guarantor and the Banks therein named, and
Wells Fargo Bank, National
Association, as administrative and
collateral agent for itself and for the
Banks (the "Agent Bank"). Terms defined in the Credit
Agreement and not
otherwise defined herein are used herein
with the meanings defined for those
terms in the Credit Agreement. This is the Revolving Credit Note
("Revolving
Credit Note") referred to in the Credit
Agreement, and any holder hereof is
entitled to all of the rights, remedies,
benefits and privileges provided for
in the Credit Agreement as originally
executed or as it may from time to time
be supplemented, modified or amended.
The Credit Agreement,
among other
things, contains provisions for
acceleration of the maturity hereof upon the
happening of certain stated events upon the
terms and conditions therein
specified.
2. The outstanding principal indebtedness evidenced by this
Revolving
Credit Note shall be payable as provided in
the Credit Agreement and in any
event on February 23, 2009, the Maturity
Date.
3. Interest shall be payable on the outstanding daily unpaid
principal
amount of each Borrowing hereunder from the
date thereof until payment in full
and shall accrue and be payable at the
rates and on the dates set forth in the
Credit Agreement both before and after
Defaul