Ticket Surcharge Sample Clauses
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Ticket Surcharge. The Stadium Authority will impose, and will require 49ers Stadium Company to collect on the Stadium Authority’s behalf, a surcharge (“NFL Ticket Surcharge”) on the price of admission to all NFL Games occurring at the Stadium. The Stadium Authority will also impose, and will require any event promoter to collect on the Stadium Authority’s behalf, a ticket surcharge on the price of admission to all Non-NFL Events occurring at the Stadium, as described in Section 13.5 below. The NFL Ticket Surcharge is intended to be a percentage of the price of all tickets sold in that year (excluding the amount of suite, club and other premiums attached to the tickets). The Stadium Authority will make a good faith effort to issue bonds or enter into other financing arrangements secured by and paid from the annual revenue derived from the NFL Ticket Surcharge. The timing of the actual issuance of the bonds will be determined by mutual agreement of the Parties. The proceeds of the NFL Ticket Surcharge financing will be used by the Stadium Authority to fund the construction of the Stadium. The rate of the NFL Ticket Surcharge will initially be set by the Stadium Authority and 49ers Stadium Company such that the proceeds generated by the NFL Ticket Surcharge will not be less than the debt service and coverage amounts required by the NFL Ticket Surcharge financing, and such rate may be adjusted from time to time in accordance with the requirements of such financing. The NFL Ticket Surcharge will terminate upon repayment of the NFL Ticket Surcharge financing.
Ticket Surcharge. For purposes of this Agreement, the City acknowledges and agrees that all applicable ticket surcharges as stated in Section 53-1, of the Code of the City of Miami and ordinance 10509 of the City of Miami, as may be amended, that are due to the City are inclusive in the Use Fee, unless the total Ticket Surcharge due to the City under such Code Section 53-1 exceeds the Use Fee. Licensee shall pay to City all Ticket Surcharge fees to the extent that they exceed the Use Fee, as provided in Section 7.2 herein. Licensee agrees to pay all applicable taxes, merchant, and service charges related to tickets.
Ticket Surcharge a. Buyer will immediately implement ticket surcharges, which may vary between Hockey Events and non-Hockey Events, in an amount the parties mutually agree upon, for all Arena events in order to support operating and funding requirements of the CFD (“Ticket Surcharge.”)
1. The CFD will pay to the Buyers for the period of the AMULA or any subsequent lease agreement, the proceeds of the ticket surcharge up to a monthly amount of 1/12 of $2,000,000 (“Surcharge Payment.”)
2. Any balance of the revenues generated by the Ticket Surcharge and not allocated to the Surcharge Payment will be incorporated into the Operating Loss Reserve Account.
b. In formulating their mutual agreement, the parties will evaluate the prices of other similar venues and events in comparable markets and reasonably base their decision upon that information, factoring in the funding requirements served by these revenues and in no event shall the ticket surcharges be less than necessary to assure that the CFD revenue is sufficient by the end of the fiscal year to satisfy the Operating Loss Reserve Account requirement and the CFD Payment amount.
Ticket Surcharge. If the Premises includes the ▇▇▇▇▇ Theater or Cullen Theater, then, in addition to the License Fee, HFC shall impose and Licensee shall pay a surcharge equal to one dollar ($1.00) on each Ticket sold for any Event (the “Ticket Surcharge”) to which an admission fee of any amount is imposed.
Ticket Surcharge. Live Nation shall include a City facility maintenance surcharge on each ticket sold or otherwise issued in connection with an Event (the “Ticket Surcharge”).
a. The initial amount of the Ticket Surcharge shall be Four Dollars ($4.00). During the Term, the Parties shall mutually agree on increases to the Ticket Surcharge; provided, however, that the Ticket Surcharge shall be increased by not less than five percent (5%) every three (3) years. Live Nation in its capacity as promoter and operator of the Facility shall not impose any ticket upcharges other than the Ticket Surcharge, but any ticketing service utilized by Live Nation (including, without limitation, Ticketmaster), may charge its standard fees for its ticketing service (but any fees charged to the public shall follow industry-standard practices and be set at levels similar to comparable venues). Further, any ticketing fees that third-party promoters want to assess for Events at the Facility must be submitted to the City in advance for approval in its reasonable discretion.
b. Live Nation shall pay to City the Ticket Surcharge on an annual basis on each January 1 for the immediately prior calendar year and may be utilized by City only for costs incurred by City in any manner the City deems appropriate; provided, however, if City has not performed its required maintenance and repairs of the City Maintenance Elements as of any January 1, City shall use the Ticket Surcharge paid to it on such January 1 to promptly perform the required maintenance and repairs.
Ticket Surcharge. From the Lease Date and continuing throughout the term of the Lease, Lessee shall pay to the City a monthly Ticket Surcharge which is a per customer surcharge based on the price of tickets sold. The Ticket Surcharge shall be based upon the following schedule: