Distribution of Net Total Revenues. (a) All Net Total Revenues shall be disbursed on a monthly basis as set forth below, paid on the twentieth day of each calendar month for the preceding month. Such Net Total Revenues shall be disbursed from the Project Bank Account(s) to the extent available for payment of the following accounts in the following order of priority:
(i) The Minimum Guaranteed Monthly Payment described in Section 5.3 hereof;
(ii) All outstanding Minimum Guaranteed Payment Advances and Working Capital Advances (and accrued interest thereon) or any other amounts owing to Lakes under the Operating Note;
(iii) Current principal, interest and any other payments due on any obligations to repay funding provided by any third party lender in connection with financing the development, construction, and equipping of the Project Facilities,
(iv) Management compensation due Lakes under Section 5.5(b) below; provide that if the distribution under this subsection in any month is insufficient to fund such payment in full, the unpaid amount shall be deferred and paid under subsection (vi) below;
(v) Any amounts deferred (including interest on any deferred management compensation which interest shall accrue, from the date the management compensation is deferred, at the greater of the prime interest rate of Chase Manhattan Bank U.S.A., N.A. (or any successor bank) plus two percent (2%) or the same rate for the financing provided by any third party lender for the development, construction and equipping of the Project Facilities) under subsections (ii), (iii), (and (iv) above;
(vi) Any monthly capital replacement or other reserve contributions which have been created with the written approval of the Lakes and Pawnee;
(vii) Any indemnification or other obligations then owing by Pawnee to Lakes under any Transaction Document and not paid as Costs of Gaming Operations or Costs of Ancillary Operations (provided Lakes has provided written notice to Pawnee that above amounts are owed under the Transaction Documents, and Pawnee has not disputed the same or such amounts have been determined to be owing through an arbitration proceeding under Article 10 hereof); and
(viii) All remaining Net Total Revenues shall be disbursed to Pawnee at the same time the management compensation is paid to Lakes, subject to the rights of the Lakes under the Dominion Account Agreement upon the occurrence of a Material Breach by Pawnee or pursuant to the terms of the Operating Note.
(b) As compensation for Lakes' management ...
Distribution of Net Total Revenues. (a) All Net Total Revenues shall be disbursed on a monthly basis as set forth below, paid on the twentieth day of each calendar month for the preceding month.
(b) As compensation for Manager's services, Manager shall receive thirty percent (30%) of Net Total Revenues for the prior calendar month, and Tribe shall receive seventy percent (70%) of Net Total Revenues for such prior calendar month.
(c) Manager, on behalf of the Enterprise, is responsible for making the Net Total Revenues disbursements to the appropriate party.
