The FireKeepers Casino shall be operated in accordance with:
A. 
Such policies, procedures and practices as the Authority Board shall establish consistent with its agreements with third parties concerning the financing, design, development, construction and operation of the FireKeepers Casino; and
B. 
The rules and regulations of the Tribal Gaming Commission or other such tribal authority established under the Tribal Gaming Ordinance to license, regulate and oversee gaming operations.
The Authority shall be entitled to receive, hold and administer all gross revenue produced by the FireKeepers Casino, including without limitation any and all gaming and related hospitality, entertainment and lodging business(es), constituting part thereof and from any Authority property ("Authority gross revenue"), subject to the terms of any other agreement into which the Authority shall enter or which the Authority shall assume. The Tribe shall have no right, title or interest in Authority gross revenue unless and until actually distributed to the Tribe as distributable net income.
Out of Authority gross revenue shall be deducted or paid: (1) all operating expenses of the FireKeepers Casino; (2) all financing obligations incurred by the Authority to fund the design, development, construction and operation of the FireKeepers Casino as and when due; and (3) any other currently due obligation imposed by any agreement to which the Authority is a party, including any payment into a reserve, sinking fund or other account. The Authority gross revenue remaining after payments and applications described in § 11.1-21 shall be referred to herein as the "Authority net revenue."
The Authority net revenue, less any amounts required to be retained or used in another manner by any covenant, restriction or limitation imposed by any agreement to which the Authority is a party, shall be available for distribution to the Tribe and shall be known as "distributable net income."
Except as the Tribe may otherwise instruct the Authority, including any instruction to pay or apply any amounts of distributable net income:
A. 
To prepayment of financing obligations;
B. 
As a contribution to any reserve other than one described in § 11.1-21 or 11.1-22; or
C. 
As an investment or reinvestment in one or more business(es), which does or will constitute part of the FireKeepers Casino, the Authority shall distribute to the Tribe all distributable net income not less often than monthly.
Once distributable net income is distributed to the Tribe in accordance with this charter, and in compliance with all applicable agreements to which the Authority is a party, the Authority shall cease to have any right, title or interest in said distributable net income and its use or application.