Common use of Signing Fee Clause in Contracts

Signing Fee. Lakes has paid the Band a non-refundable signing fee of $1,000,000 (the "Signing Fee"). The Band acknowledges receipt of the Signing Fee, which shall be for the account of Great Lakes. Use and disbursement of Signing Fee monies shall be at the sole discretion of the Band, and Great Lakes shall have no responsibility for such funds after receipt thereof by the Band.

Appears in 2 contracts

Samples: Development Agreement (Lakes Entertainment Inc), Development Agreement (Lakes Entertainment Inc)

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Signing Fee. Lakes has paid will pay the Band a non-refundable signing fee of $1,000,000 (the "Signing Fee"). The Band acknowledges receipt of the Signing Fee, ) which shall be for paid to the account Band as follows: $100,000 upon execution and delivery of Great Lakesthe Management Agreement and this Agreement and $900,000 upon receipt of written notice of Ratification. Use and disbursement of Signing Fee monies monies, once received by the Band, shall be at the sole discretion of the Band, and Great Lakes shall have no responsibility for such funds after receipt thereof by the Band.

Appears in 1 contract

Samples: Development Agreement (Lakes Gaming Inc)

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Signing Fee. Lakes has paid will pay the Band a non-refundable signing 32 fee of $1,000,000 (the "Signing Fee"). The Band acknowledges receipt of the Signing Fee, ) which shall be for paid to the account Band as follows: $100,000 upon execution and delivery of Great Lakesthe Management Agreement and this Agreement and $900,000 upon receipt of written notice of Ratification. Use and disbursement of Signing Fee monies monies, once received by the Band, shall be at the sole discretion of the Band, and Great Lakes shall have no responsibility for such funds after receipt thereof by the Band.

Appears in 1 contract

Samples: Development Agreement (Lakes Gaming Inc)

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