Common use of Cost of Operations Clause in Contracts

Cost of Operations. TWG International shall be solely responsible for all costs of operating TWG Finance, TWG International and TWG International's direct and indirect Subsidiaries. In addition, TWG International shall be responsible for costs of administration of TWG in the sum of $25,000 per month, through June 30, 1999, and for one hundred percent of such costs of administration upon the earlier of (a) the inability of TWG to pay such costs from income from its business operations in Louisiana, or (b) after June 30, 1999. TWG shall be solely responsible for (a) costs associated with its existing operations in the United States, (b) to the extent it has income from operations, costs of administration of TWG in excess of $25,000 per month through June 30, 1999, and (c) for no costs of administration from the earlier of (i) the date TWG no longer has adequate cash from its business operations in Louisiana to pay such costs, or (ii) June 30, 1999. Income generated from the Bishkek Facility shall not be used to fund administrative costs. Costs of administration refer to all costs associated with the TWG corporate headquarters in New York and London, including rent and salaries and expenses of all officers and employees at such location (or any successor location). Income from Bishkek, from Cage Cash in the Louisiana and Bishkek casinos and collateral pledged to the holders of the $4.8 million Senior Secured Notes of TWG and Trans World Gaming of Louisiana, Inc. due December 31, 2005 shall not be utilized to fund the costs of administration.