Ticket Surcharges Clause Samples
Ticket Surcharges. NFL Ticket Surcharge proceeds not needed to pay debt service or other costs of the NFL Ticket Surcharge financing, including releases from any NFL Ticket Surcharge bond reserves, if any. Non-NFL Ticket Surcharges will be included in Stadium Operating Revenue when and to the extent provided in Section 13.5 below.
Ticket Surcharges. 5.4.1 All Qualified Tickets for Licensee Events shall be subject to a ticket surcharge equal to five percent (5%) of the Ticket Price (or, if lesser, the discounted or promotional price, if any, of the applicable Qualified Ticket) of such Qualified Tickets (the "Ticket Surcharge"); provided, however, that no Ticket Surcharge with respect to a Qualified Ticket shall be owing to the extent the Ticket Price is refunded to a holder of such Qualified Ticket.
5.4.2 To the extent the Licensee receives payments for Qualified Tickets for Licensee Events, on the second to last Business Day of each calendar month, the Licensee shall remit to the Licensor an amount equal to the sum of the Ticket Surcharge in respect of the payments so received by the Licensee.