Developer’s Investment Commitments Clause Samples

Developer’s Investment Commitments. The Parties acknowledge and agree that the following are the Developer’s commitments for capital improvements and/or expenditures in connection with the Project or for such other matters as set forth below (the “Investment Commitment(s)”): Developer shall cause the following Investment Commitments to be satisfied: Lakeside (dock improvements)* $ 6,000,000 Pavilions & other gaming related developments* $ 25,916,433 Other enhancements $ 12,023,567 ▇▇▇▇▇▇▇▇▇▇ Harbor Land* $ 6,900,000 Demolition $ 2,200,000 Vessel (agreed lease value) $ 20,000,000 Gaming, data processing and other equipment $ 21,050,000 Pre-opening deferred costs $ 6,660,000 Payments-City $ 5,250,000 Off-site developments** $ 10,000,000 TOTAL $ 116,000,000 * Funds expended by or to be expended by the LLC for pre-opening requirements. Allocation may change based on actual costs incurred. ** The City agrees that the Investment Commitment with respect to off-site developments shall be fully satisfied by the Developer expending $5,000,000 toward off-site developments by the Developer during each of the years 1998 and 1999 for a total of $10,000,000 (the “Off-Site Developments”). Subject to “Unavoidable Delays”, the anticipated timing for the Investment Commitments is set forth in attached Schedule 2.01.