Common use of Bank Accounts, Reserve Funds and Permitted Investments Clause in Contracts

Bank Accounts, Reserve Funds and Permitted Investments. (a) On or prior to the Commencement Date, Pawnee and Lakes shall execute the Dominion Account Agreement and create the Dominion Account ("Dominion Account") described therein. Gross Gaming Revenues and Gross Ancillary Revenues shall be deposited daily into the Dominion Account, which shall be subject to the lien of the Dominion Account Agreement and established at a commercial bank, of Pawnee's choice, organized under the laws of the United States of America or any state thereof provided such bank is a member of the Federal Deposit Insurance Corporation and has combined capital, undivided profits and surplus of at least $500,000,000. Lakes shall also establish other segregated bank accounts with the approval of Pawnee for the operation of the Project (the "Project Accounts"), which accounts must indicate the custodial nature of the accounts. The signatures of authorized representatives of Lakes shall be the only signatures required to make withdrawals (by check or otherwise) from such accounts for single withdrawals of less than $250,000, provided that the monies withdrawn by Lakes are to be used only for the purposes set forth herein and provided further that if the amount of any single withdrawal exceeds $250,000 (excluding payout and prizes and transfers to any designated payroll accounts, taxes, and purchases of cash for day-to-day operational purposes, or Lakes' compensation under Section 5.5 herein), then the signature of Pawnee's designated representative will also be required. (b) Lakes agrees that subject to the terms of Sections 5.3(b) and 6.4(b) hereof, Lakes shall make or permit timely transfers from the Dominion Account to the Project Accounts of all funds needed to pay (i) Costs of Gaming Operations; (ii)

Bank Accounts, Reserve Funds and Permitted Investments. (a) On or prior to the Commencement Date, Pawnee Iowa Corp and Lakes shall execute the Dominion Account Agreement and create the Dominion Account ("Dominion Account") described therein. Gross Gaming Revenues and Gross Ancillary Revenues shall be deposited daily into the Dominion Account, which shall be subject to the lien of the Dominion Account Agreement and established at a commercial bank, of PawneeIowa Corp's choice, organized under the laws of the United States of America or any state thereof provided such bank is a member of the Federal Deposit Insurance Corporation and has combined capital, undivided profits and surplus of at least $500,000,000. Lakes shall also establish other segregated bank accounts with the approval of Pawnee Iowa Corp for the operation of the Project (the "Project Accounts"), which accounts must indicate the custodial nature of the accounts. The signatures of authorized representatives of Lakes shall be the only signatures required to make withdrawals (by check or otherwise) from such accounts for single withdrawals of less than $250,000, provided that the monies withdrawn by Lakes are to be used only for the purposes set forth herein and provided further that if the amount of any single withdrawal exceeds $250,000 (excluding payout and prizes and transfers to any designated payroll accounts, taxes, and purchases of cash for day-to-day operational purposes, or Lakes' compensation under Section 5.5 herein), then the signature of PawneeIowa Corp's designated representative will also be required. (b) Lakes agrees that subject to the terms of Sections 5.3(b) and 6.4(b) hereof, Lakes shall make or permit timely transfers from the Dominion Account to the Project Accounts of all funds needed to pay (i) Costs of Gaming Operations; (ii)

Bank Accounts, Reserve Funds and Permitted Investments. (a) On or prior to the Commencement Date, Pawnee the Tribe and Lakes LKAR shall execute the Dominion Account Agreement and create the Dominion dominion Account ("Dominion Account") described therein. Gross Gaming Revenues and Gross Ancillary Incidental Revenues shall be deposited daily into the Dominion Account, which shall be subject to the lien of the Dominion Account Agreement and established at a commercial bank, of Pawneethe Tribe's choice, organized under the laws of the United States of America or any state thereof provided such bank is a member of the Federal Deposit Insurance Corporation and has combined capital, undivided profits and surplus of at least $500,000,000. Lakes LKAR, through the Enterprise's general manager, shall also establish other segregated bank accounts with the approval of Pawnee the Tribe for the operation of the Project Enterprise (the "Project Enterprise Accounts"), which accounts must indicate the custodial nature of the accounts. The signatures signature of authorized representatives of Lakes the Enterprise's general manager, (or his designated representative) shall be the only signatures signature required to make withdrawals (by check or otherwise) from such accounts for single withdrawals of less than $250,000accounts, provided that the monies withdrawn by Lakes are to be used only for the purposes set forth herein herein, and provided further that if the amount of any single withdrawal exceeds $250,000 (excluding payout and prizes and transfers to any designated payroll accounts, taxes, and purchases of cash for day-to-day operational purposescurrency, or Lakes' LKAR's compensation under Section 5.5 6.5 herein), then the signature of Pawneethe Tribe's designated representative will also be required.. Shingle Springs Development/Management Contract 10/13/03 revision (b) Lakes LKAR agrees that subject to the terms of Sections 5.3(b6.3(b) and 6.4(b7.4(a) hereofhereof and the Dominion Account Agreement, Lakes LKAR shall make or permit timely transfers from the Dominion Account to the Project Enterprise Accounts of all funds needed to pay (i) Costs of Gaming Operations; (ii)

Bank Accounts, Reserve Funds and Permitted Investments. (a) On or prior to the Commencement Date, Pawnee Kickapoo and Lakes shall execute the Dominion Account Agreement and create the Dominion Account ("Dominion Account") described therein. Gross Gaming Revenues and Gross Ancillary Revenues shall be deposited daily into the Dominion Account, which shall be subject to the lien of the Dominion Account Agreement and established at a commercial bank, of PawneeKickapoo's choice, organized under the laws of the United States of America or any state thereof provided such bank is a member of the Federal Deposit Insurance Corporation and has combined capital, undivided profits and surplus of at least $500,000,000. Lakes shall also establish other segregated bank accounts with the approval of Pawnee Kickapoo for the operation of the Project (the "Project Accounts"), which accounts must indicate the custodial nature of the accounts. The signatures of authorized representatives of Lakes shall be the only signatures required to make withdrawals (by check or otherwise) from such accounts for single withdrawals of less than $250,000, provided that the monies withdrawn by Lakes are to be used only for the purposes set forth herein and provided further that if the amount of any single withdrawal exceeds $250,000 (excluding payout and prizes and transfers to any designated payroll accounts, taxes, and purchases of cash for day-to-day operational purposes, or Lakes' compensation under Section 5.5 5.5(b) herein), then the signature of PawneeKickapoo's designated representative will also be required. (b) Lakes agrees that subject to the terms of Sections 5.3(b) and 6.4(b) hereof, Lakes shall make or permit timely transfers from the Dominion Account to the Project Accounts of all funds needed to pay (i) Costs of Gaming Operations; (ii)

Bank Accounts, Reserve Funds and Permitted Investments. (a) On or prior to the Commencement Date, Pawnee the Tribe and Lakes Manager shall execute the Dominion Account Agreement and create the Dominion Account ("Dominion Account") described therein. Gross Gaming Revenues and Gross Ancillary Incidental Revenues shall be deposited daily into the Dominion Account, which shall be subject to the lien of the Dominion Account Agreement and established at a commercial bank, of Pawneethe Tribe's choice, organized under the laws of the United States of America or any state thereof provided such bank is a member of the Federal Deposit Insurance Corporation and has combined capital, undivided profits and surplus of at least $500,000,000. Lakes Manager shall also establish other segregated bank accounts with the approval of Pawnee the Tribe for the operation of the Project Enterprise (the "Project Enterprise Accounts"), which accounts must indicate the custodial nature of the accounts. The signatures of authorized representatives of Lakes Manager shall be the only signatures required to make withdrawals (by check or otherwise) from such accounts for single withdrawals of less than $250,000, provided that the monies withdrawn by Lakes Manager are to be used only for the purposes set forth herein and provided further that if the amount of any single withdrawal exceeds $250,000 (excluding payout and prizes and transfers to any designated payroll accounts, taxes, and purchases of cash for day-to-day operational purposescurrency, or Lakes' Manager's compensation under Section 5.5 herein), then the signature of Pawneethe Tribe's designated representative will also be required. (b) Lakes Manager agrees that subject to the terms of Sections 5.3(b) and 6.4(b6.4(a) hereof, Lakes Manager shall make or permit timely transfers from the Dominion Account to the Project Enterprise Accounts of all funds needed to pay (i) Costs of Gaming Operations; (ii)