Common use of Net Lottery Proceeds Clause in Contracts

Net Lottery Proceeds. Payment of the Grant is also subject to GOCO’s determination in its sole discretion that it has received and has available sufficient net lottery proceeds to fund the Grant. In determining the sufficiency of net lottery proceeds, GOCO may consider all facts and circumstances as it deems necessary or desirable, including but not limited to adequate reserves, funding requirements, and/or commitments for other past, current, and future grants, and past, current, and future GOCO operating expenses and budgetary needs.

Appears in 5 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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