Common use of Recoupment Payment Clause in Contracts

Recoupment Payment. “Recoupment Payment” shall mean the repayment from the Tribe’s share of Net Revenues of either (a) any advance made by the Manager to the Tribe of the Minimum Guaranteed Monthly Payment as contemplated in Section 6.3 and (b) any portion of the Management Fee which is not paid to the Manager as provided in Section 6.6.

Appears in 2 contracts

Samples: Gaming Management Agreement (Full House Resorts Inc), Management Agreement (Full House Resorts Inc)

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Recoupment Payment. “Recoupment Payment” shall mean the repayment from the Tribe’s share of Net Revenues of either (a) any advance made by the Manager to the Tribe of the Minimum Guaranteed Monthly Payment as contemplated in Section 6.3 and (b) any portion of the Management Fee which is not paid to the Manager as provided in Section 6.6, provided however that no interest shall be payable on any Recoupment Payment.

Appears in 1 contract

Samples: Class Iii Gaming Management Agreement (Full House Resorts Inc)

Recoupment Payment. “Recoupment Payment” shall mean the repayment from the Tribe’s share of Net Revenues of either of: (a) any advance made by the Manager to the Tribe of the a Minimum Guaranteed Monthly Payment as contemplated in by Section 6.3 and 6.3; (b) any portion of the Management Fee which is not paid to the Manager as provided in Section 6.66.7; (c) any portion of the Loan Principal owed Manager by the Tribe due to insufficient Net Revenues payable to the Tribe.

Appears in 1 contract

Samples: Management Agreement (Full House Resorts Inc)

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Recoupment Payment. Recoupment Payment" shall mean the repayment from the Tribe’s 's share of Net Revenues of either (a) any advance made by the Manager to the Tribe of the a Minimum Guaranteed Monthly Payment as contemplated in by Section 6.3 6.1 and (b) any portion of the Management Fee which is not paid to the Manager as provided in Section 6.6.

Appears in 1 contract

Samples: Management Agreement (Full House Resorts Inc)

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