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 from the earlier of (a) the date TWG no longer has adequate cash from its business operations in Louisiana to pay such costs, or (b) after June 30, 1999. TWG shall be solely responsible for (a) costs associated with its existing operations in the United States, (b) costs of administration of TWG in excess of $25,000 per month through the earlier of June 30, 1999 or the date TWG no longer has adequate cash from its business operations in Louisiana to pay such costs. Income generated from the Bishkek Facility, as well as cage cash in Louisiana and Bishkek and assets located in Louisiana subject to the security interest herein on the Collateral shall not be used to fund administrative costs. Cost of administration refers 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). Nothing herein shall prohibit TWG International from reimbursing TWG as to costs incurred in the acquisition of the Czech Casinos, this Indenture, the Czech Indenture and the Funding Indenture, up to the sum of $250,000 at the closing of the Czech Indenture, or directly paying all unpaid costs related to those transactions.