From the Term Sheet:
Gateway shall assist the Nation in pursuing the acquisition of the college campus known as State University of New York at Stony Brook in Southampton, New York (the "College") by providing reasonable financial assistance to the Nation to: conduct due diligence and research regarding the property, investigate acquisition options, negotiate with the State of New York and federal, state and local entities regarding acquisition of the property, and provide other reasonable assistance to help the Nation facilitate the acquisition of the college. Gateway agrees that the initial $500,000 Gateway provides for such purposes will be a gift to the Nation and that, neither the Nation nor the Authority is required to repay this initial amount of $500,000 to Gateway, with any remaining expenditure being Approved Development Costs. The parties agree that, if the parties determine that the due diligence contemplated by this paragraph indicates that the Nation has a viable opportunity to acquire the College, the parties will discuss how Gateway can assist the Nation with such acquisition or assist the Nation in acquiring a loan to purchase the property. Gateway shall also support efforts by the Nation to include the acquisition of nongaming land during the compact and other negotiations with the State, local and federal governments.
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