Festival. Exhibitor acknowledges that CCAFI will hold its annual Festival beginning September 12th, 2020 and ending September 13th, 2020, in the City of Norwich, County of Chenango, State of New York, and that Exhibitor has received CCAFI’s prospectus describing the Festival. Exhibitor acknowledges that the Festival is an outdoor event located in the downtown area of Norwich, New York. Exhibitor further acknowledges that the Festival is attended by a diverse crowd, and that CCAFI has no control of public access to or from the Festival grounds.
Festival. A festival is defined as: A series of performances of music, plays, films/movies, etc., or gatherings for sampling of a wide variety of culturally distinctive foods, crafts, or products in celebration or commemoration of a particular historical event, person, or activity. They are usually organized in the same place once a year and generally held at the same time of year each year; a series of public events connected with a particular activity or idea. Festivals are generally designed to bring new people to the community from a long distance away; marketing is generally broad in scope, and attendance can number in the tens of thousands.
Festival. Prior to the 2013 Festival, the Companies obtained all permits, entered into all Contracts, and took all customary actions necessary to promote the 2013 Festival in the same manner in all material respects as the Festival was promoted in 2012, with the exception that promotion of the 2013 Festival was focused on persons that are at least eighteen (18) years of age. The Companies have paid all material amounts and satisfied all material liabilities to suppliers, vendors and other providers of products and services relating to the 2012 Festival (including accounts payable, artist performance fees, license fees, lease payments, payments to independent contractors, and other payment obligations of either of the Companies). All material amounts owed to either of the Companies relating to the operation of the 2012 Festival (including ticket purchase payments, accounts receivable, sponsorship fees and other material payment obligations to either of the Companies) have been collected in full. Neither of the Companies has further obligation to take any material action or satisfy any material Liability with respect to the 2012 Festival. Except as set forth on Schedule 4.2(z), each of the Companies has delivered to Parent a reasonably detailed profit and loss statement for each of the 2012 and 2013 Festivals (the “Festival P&L Statements”), and such Festival P&L Statements are true, correct and complete, in all material respects, and accurately represents, in all material respects, the profitability of the 2012 and 2013 Festivals.