Costs of Gaming Operation definition

Costs of Gaming Operation means the total of all expenses for the operation of the Class II and/or Class III Gaming activities conducted at the Project's Gaming Facility pursuant to Generally Accepted Accounting Principles ("GAAP"), including but not limited to the following: (1) fees imposed upon the Gaming Facility by the National Indian Gaming Commission based upon its gross receipts from Class II and/or Class III Gaming activities; (2) any contributions and license/regulatory fee reimbursements payable to the State pursuant to a Tribal-State Compact; (3) the amount, if any, required by a Tribal-State Compact to fund or support programs for the treatment and assistance of compulsive gamblers and for the prevention of compulsive gambling; (4) license or other fees for background investigations upon "key employees" and "primary management officials" as defined in 25 C.F.R. Section 502.14 and Section 502.19; (5) depreciation and amortization applicable to the Gaming Facility based upon an assumed thirty (30) years life consistent with GAAP, and depreciation and amortization of all other assets (including without limitation all capital replacements and improvements, and fixtures, furnishings and equipment) located therein in accordance with GAAP; (6) costs of administration, recruiting, hiring, firing and training employees working in or for the Gaming Facility's Class II and/or Class III Gaming activities; (7) compensation and benefits to Gaming Facility employees; (8) reasonable and customary regulatory fees imposed on the Gaming Facility by the Gaming Commission (which amounts shall be subject to the provisions of Section 5.1 contained herein), (9) management fees to be paid Lakes under Section 5.5(b) hereof; and (10) total gaming-related costs, fees and expenses, including, without limitation: materials, supplies, inventory, utilities, repairs and maintenance (excluding capital replacements, the costs of which shall be amortized as hereinabove provided), insurance and bonding, marketing, advertising, annual audits, accounting, legal or other professional and consulting services, security or guard services, and such other costs, expenses or fees necessarily, customarily and reasonably incurred in the operation of the Class II and/or Class III Gaming activities conducted at the Gaming Facility, and reasonable and necessary travel expenses incurred subsequent to the Commencement Date for officers and employees of Lakes and authorized representatives of Pawnee in connection with the...
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Costs of Gaming Operation means all fees imposed by the Gaming Control Board based upon the Enterprise's gross receipts from operation of Class II and Class III Gaming at the Facility, fees imposed upon the Enterprise by the National Indian Gaming Commission based upon its gross receipts from Class II and Class III Gaming, any contributions and license/regulatory fee reimbursements payable to the State pursuant to the Tribal-State Compact, the amount required by the Tribal-State Compact to fund or support programs for the treatment and assistance of compulsive gamblers and for the prevention of compulsive gambling, license or other fees for background investigations upon "key employees" and "primary management officials" as defined in 25 C.F.R. ss. 502.14 and ss. 502.19, depreciation applicable to the portion of the Facility in which the Enterprise operates Class II and Class III Gaming and depreciable items located therein, costs of administration, hiring, firing and training employees working in or for the Enterprise's Class II and Class III Gaming activities, compensation and benefits to such employees, and total gaming-related costs, fees and expenses, including, without limitation, materials, supplies, inventory, utilities, repairs, maintenance, insurance, bonding, marketing, advertising, annual audits, accounting, legal or other professional and consulting services, security or guard services, and such other costs, expenses or fees necessarily, customarily and reasonably incurred in the operation of the Enterprise's Class II and Class III Gaming, including Initial Costs of Operation that are expenses and not recorded on the books of the Enterprise as assets relating to Class II and Class III Gaming, and reasonable and necessary travel expenses incurred subsequent to execution of this Memorandum of Agreement for officers and employees of Manager and authorized representatives of the Tribe; provided, however, that "Costs of Gaming Operation" shall specifically not include any license fees or costs of Manager or its employees; or management fees paid hereunder to Manager.
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Costs of Gaming Operation means the total of all expenses for the operation of the Class II and/or Class III Gaming activities conducted at the Project's Gaming Facility pursuant to Generally Accepted Accounting Principles ("GAAP"), including but not limited to the following: (1) fees imposed upon the Gaming Facility by the National Indian Gaming Commission based upon its gross receipts from Class II and/or Class III Gaming activities; (2) any contributions and license/regulatory fee reimbursements payable to the State pursuant to a Tribal-State Compact; (3) the amount, if any, required by a Tribal-State Compact to fund or support programs for the treatment and assistance of compulsive gamblers and for the prevention of compulsive gambling;
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Examples of Costs of Gaming Operation in a sentence

  • Any cost associated with obtaining such background investigations shall constitute Costs of Gaming Operation.

  • Where amounts in bank accounts established pursuant to Section 2.8 hereof are insufficient to meet Costs of Gaming Operation or Costs of Ancillary Operation, during the first six (6) months after the Commencement Date, Lakes shall advance monies to the Project sufficient to meet Costs of Gaming Operations and Costs of Ancillary Operations.

  • The parties agree that increased actual costs of law enforcement and police protection services required as a result of Class II and/or Class III Gaming in the Gaming Facility shall be paid as Costs of Gaming Operation.

  • Repairs and maintenance will be paid as Costs of Gaming Operation if related to the gaming operations of the Project, or as Costs of Ancillary Operation if related to the other ancillary operations of the Project.

  • The costs of any fire and safety protection services shall be appropriately allocated between Costs of Gaming Operation and Costs of Ancillary Operations, and, if provided by a department of the Pawnee Nation, shall not exceed the actual cost of providing such services.

  • Repairs and maintenance will be paid as Costs of Gaming Operation if related to the gaming operations of the Enterprise, or as Costs of Incidental Operation if related to the other operations of the Enterprise.

  • The costs of any fire and safety protection services shall be appropriately allocated between Costs of Gaming Operation and Costs of Incidental Operations, and, if provided by a Department of the Tribe, shall not exceed the actual cost to the Tribe of providing such services.

  • All uninsured liabilities incurred or expenses incurred by Pawnee and Lakes or any of the employees, officers or directors of any party in defending such claims by third parties or prosecuting claims against third parties shall be considered either Costs of Gaming Operation or Costs of Ancillary Operations, depending upon the circumstances and nature of the claim, except with respect to claims and liabilities resulting from criminal misconduct, which shall be governed by Article 7 herein.

  • The costs of any fire and safety protection services shall be appropriately allocated between Costs of Gaming Operation and Costs of Ancillary Operations, and, if provided by a department of the Iowa Tribe, shall not exceed the actual cost of providing such services.

  • All uninsured liabilities incurred or expenses incurred by Iowa Corp and Lakes or any of the employees, officers or directors of any party in defending such claims by third parties or prosecuting claims against third parties shall be considered either Costs of Gaming Operation or Costs of Ancillary Operations, depending upon the circumstances and nature of the claim, except with respect to claims and liabilities resulting from criminal misconduct, which shall be governed by Article 7 herein.

Related to Costs of Gaming Operation

  • Casino means a casino as defined in section 1 of the KwaZulu-Natal Gaming and Betting Act, 2010 (Act No. 8 of 2010);

  • Mining Operations means every kind of work done by the Operator:

  • Gaming Facility means any gaming establishment, facility and other property or assets ancillary or related thereto or used in connection therewith, including, without limitation, any casinos, hotels, resorts, theaters, parking facilities, timeshare operations, retail shops, restaurants, other buildings, land, golf courses and other recreation and entertainment facilities, marinas, vessels and related equipment.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Operational Costs means costs and expenses incurred by the Managers on behalf of the Owners to operate and maintain the Vessel including Communication Expenses and EDP Expenses;

  • Project Revenues means revenues derived from the service of Project Water to Contractors and others, and from the sale or other disposal of electrical energy generated in connection with operation of Project Facilities.

  • Mining operation means any operations undertaken for the purpose of winning any mineral as defined in section 3 (d) of Mines and Minerals (Development and Regulation) Act, 1957.

  • Construction Activities means the disturbance of soils associated with clearing, grading, excavation activities or other construction-related activities.

  • Joint Operations means all operations necessary or proper for the development, operation, protection and maintenance of the Joint Property.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.

  • Development Operations means operations conducted in accordance with the Development Plan and shall include, but not be limited to the purchase, shipment or storage of equipment and materials used in developing Petroleum accumulations, the drilling, completion and testing of Development Xxxxx, the drilling and completion of Xxxxx for Gas or water injection, the laying of gathering lines, the installation of offshore platforms and installations, the installation of separators, tankages, pumps, artificial lift and other producing and injection facilities required to produce, process and transport Petroleum into main Oil storage or Gas processing facilities, either onshore or offshore, including the laying of pipelines within or outside the Contract Area, storage at Delivery Point(s), the installation of said storage or Gas processing facilities, the installation of export and loading facilities and other facilities required for the development and production of the said Petroleum accumulations and for the delivery of Crude Oil and/or Gas at the Delivery Point and also including incidental operations not specifically referred to herein but required for the most efficient and economic development and production of the said Petroleum accumulations in accordance with modern oilfield and petroleum industry practices.

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk’s office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replace- ments and office automation and information technol- ogy equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • System Operations means the Power Producer's operation; maintenance and repair of the System performed in accordance the requirement herein.

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Project Revenue means all net rents, proceeds, revenue and other income derived by the City by virtue of any lease, sale, conveyance or other disposition of any part of the Project, plus all sums received by the City as a result of damage to or destruction or condemnation of the Project, but shall not mean any part of the Tax Revenue.

  • Exploration Operations means operations conducted in the Contract Area pursuant to this Contract in searching for Petroleum and in the course of an Appraisal Programme and shall include but not be limited to aerial, geological, geophysical, geochemical, palaeontological, palynological, topographical and seismic surveys, analysis, studies and their interpretation, investigations relating to the subsurface geology including structural test drilling, stratigraphic test drilling, drilling of Exploration Xxxxx and Appraisal Xxxxx and other related activities such as surveying, drill site preparation and all work necessarily connected therewith that is conducted in connection with Petroleum exploration.

  • Gaming means that term as defined in section 2 of the Michigan gaming control and revenue act, 1996 IL 1, MCL 432.202.