Common use of Quarterly Payments and Quarterly Contribution Report Clause in Contracts

Quarterly Payments and Quarterly Contribution Report. (1) The Tribe shall remit quarterly to the State Gaming Agency (i) the payments described in section 4.3, for deposit into the Special Distribution Fund and (ii) the payments described in section 5.2, for deposit into the Revenue Sharing Trust Fund or the Tribal Nation Grant Fund. (2) If the Gaming Activities authorized by this Compact commence during a calendar quarter, the first payment shall be due on the thirtieth (30th) day following the end of the first full quarter of the Gaming Activities and shall cover the period from the commencement of the Gaming Activities to the end of the first full calendar quarter. (3) All quarterly payments shall be accompanied by the certification specified in subdivision (b). (b) At the time each quarterly payment is due, regardless of whether any monies are owed, the Tribe shall submit to the State Gaming Agency a certification (the “Quarterly Contribution Report”) prepared by the chief financial officer of the Gaming Operation that specifies the following: (1) The calculation of the maximum number of Gaming Devices operated in the Gaming Facility for each day during the given quarter; (2) The Net Win calculation, if applicable, reflecting the quarterly Net Win from the operation of all Gaming Devices in the Facility; (3) The amount due pursuant to section 4.3; (4) The calculation, if applicable, of the amount due pursuant to section 5.2; and (5) The total amount of the quarterly payment paid to the State. The Quarterly Contribution Report shall be prepared by the chief financial officer of the Gaming Operation. (c) The following shall be included in the Quarterly Contribution Report:

Quarterly Payments and Quarterly Contribution Report. (1) The Tribe shall remit quarterly to the State Gaming Agency (i) the payments described in section 4.3, for deposit into the Special Distribution Fund and (ii) the payments described in section 5.2, for deposit into the Revenue Sharing Trust Fund or the Tribal Nation Grant Fund. (2) If the Gaming Activities authorized by this Compact commence during a calendar quarter, the first payment shall be due on the thirtieth (30th) day following the end of the first full quarter of the Gaming Activities and shall cover the period from the commencement of the Gaming Activities to the end of the first full calendar quarter. (3) All quarterly payments shall be accompanied by the certification specified in subdivision (b). (b) At the time each quarterly payment is due, regardless of whether any monies are owed, the Tribe shall submit to the State Gaming Agency a certification (the “Quarterly Contribution Report”) prepared by the chief financial officer of the Gaming Operation that specifies the following: (1) The calculation of the maximum number of Gaming Devices operated in the Gaming Facility for each day during the given quarter; (2) The Net Win calculationIf the Tribe is operating one thousand, if applicabletwo hundred and one (1,201) or more Gaming Devices, the Gross Gaming Revenue calculation reflecting the quarterly Net Win Gross Gaming Revenue from the operation of all Gaming Devices in the Facility; (3) The amount due pursuant to section 4.3; (4) The calculation, if applicable, calculation of the amount due pursuant to section 5.2; and (5) The total amount of the quarterly payment paid to the State. The Quarterly Contribution Report shall be prepared by the chief financial officer of the Gaming Operation. (c) The following shall also be included in the Quarterly Contribution Report: