Common use of Cap Effect Guarantee Clause in Contracts

Cap Effect Guarantee. (i) In the event that the Stadium Credit was initially calculated to exceed the Stadium Credit Threshold, then for any individual sta­ dium for which PSL, PSR, naming/cornerstone revenues were excluded from AR for that League Year, and to the extent that such revenues were excluded, and which ex­ cluded revenues were not included in the calculation determining that the Stadium Threshold had been reached, the "Incremental Cap Effect" from such stadium shall exceed the "Exclusion Cap Effect" by 125%. In the event that the Incremental Cap Effect does not exceed the Exclusion Cap Effect by 125% (a "Shortfall"), then an addi­ tional amount shall be imputed into AR sufficient to eliminate the Shortfall in the Salary Cap. (ii) For purposes of this Subsection, "Exclusion Cap Effect" equals 40% of the amount of revenue excluded from AR. "Incremental Cap Effect" equals 40% of the "Incremental AR" from the stadium in question. "Incremental AR" means the difference between the AR generated from the stadium in question as compared to the "Base AR."

Cap Effect Guarantee. (i) In the event that the Stadium Credit was initially calculated to exceed the Stadium Credit Threshold, then for any individual sta­ sta- dium for which PSL, PSR, naming/cornerstone revenues were excluded from AR for that League Year, and to the extent that such revenues were excluded, and which ex­ ex- cluded revenues were not included in the calculation determining that the Stadium Threshold had been reached, the "“Incremental Cap Effect" ” from such stadium shall exceed the "“Exclusion Cap Effect" ” by 125%. In the event that the Incremental Cap Effect does not exceed the Exclusion Cap Effect by 125% (a "“Shortfall"”), then an addi­ addi- tional amount shall be imputed into AR sufficient to eliminate the Shortfall in the Salary Cap. (ii) For purposes of this Subsection, "“Exclusion Cap Effect" ” equals 40% of the amount of revenue excluded from AR. "“Incremental Cap Effect" ” equals 40% of the "“Incremental AR" ” from the stadium in question. "“Incremental AR" ” means the difference between the AR generated from the stadium in question as compared to the "“Base AR."”