GAAP Recurring Revenue

GAAP Recurring Revenue. Means, for any applicable period and in accordance with GAAP, (a) the difference between amounts earned by either Party on a Table Game before the PGIC System is added, as compared to the revenue earned by such Party on such Table Game after the addition of such PGIC System, and which is demonstrably and directly attributable to such PGIC System ("Incremental Recurring Revenue"), less (b) System Costs. Attached hereto as Exhibit "D" are examples of Incremental Recurring Revenue. Any service or... maintenance fees attributable to an End User by either Party after the installation of a PGIC System or Game Manager onto Table Games are not a part of GAAP Recurring Revenue and no royalties shall be paid from one Party to the other for such amounts received from End Users. Such service and maintenance fees shall be the actual labor and materials cost to the contracting Party. View More