Community machine allowance Sample Clauses

Community machine allowance. The amount the Operator pays to the Territory on account of casino tax, as contemplated in clause 8.8 ("xxx Xxxxxxxxx amount") in any year or part thereof shall be reduced by an amount equal to 22% of player loss (being the difference between the amount gambled by players and the amount returned to players as winnings) on gaming machines (as that term is defined in the Gaming Machine Act) outside the casino and within the Northern Division ("external machines") during the same period ("the community machine allowance"), subject to the following: (a) the community machine allowance is to be reduced where the actual number of external machines in operation during the relevant period exceeds 500, and by a factor proportionate to the number of external machines operating on the last day of the relevant period in excess of 500; for example— (i) if there are 600 external machines, the community machine allowance is 500/600 × 22% of player loss on 600 external machines, and (ii) if there are 490 external machines, the community machine allowance is 22% of player loss on 490 external machines; (b) subject to paragraphs 8.9(c) and 8.9(d), if the community machine allowance in any year is greater than the Territory amount for that year, the Territory amount payable for that year shall be nil and the difference between the community machine allowance and the Territory amount for that year shall be carried forward and added to the community machine allowance for the next year for the purposes of calculating the reduction of the Territory amount in the next year; (c) no community machine allowance will be applicable after 30 June 2005, but any community machine allowance adjustment under paragraph 8.9(b) for the period up to 30 June 2005 will be carried forward after 30 June 2005 until it is extinguished; (d) if there is any entitlement at the effective date to a community machine allowance under the former agreement in respect of any period before the effective date, the amount of that community machine allowance shall be carried forward and deducted from the Territory amount in accordance with paragraph 8.9(b); (e) if the licence is surrendered or cancelled, or this agreement is terminated, for any reason and there is at the time of the surrender, cancellation or termination any entitlement to a community machine allowance which has not been extinguished under this clause 8.9, the Territory will pay the amount of that entitlement to the Operator, provided that the Te...
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