Platinum Ticket definition
Examples of Platinum Ticket in a sentence
Ticketmaster shall pay Principal the Platinum Proceeds, less the Platform Fee, for each Platinum Ticket sold by Ticketmaster during a calendar week along with settlement of Ticket Receipts for the applicable week.
Principal shall be entitled to receive from Ticketmaster a royalty in the percentage amount of: forty percent (40%) with respect to each Platinum Ticket Fee received (and not refunded or subject to chargeback) by Ticketmaster.
Platinum Ticket Fee royalties shall be paid to Principal during a calendar week along with the settlement of Ticket Receipts for the applicable week.
Ticketmaster shall fulfill Platinum Ticket orders in the same manner as standard Tickets through Ticketmaster’s ordinary distribution channels as requested by the purchaser.
Neither party makes any representation that any specific number of Platinum Tickets nor any amount of Platinum Ticket Fee royalties shall be available in connection with any Attraction for which the sale of Platinum Tickets has been enabled.
The aggregate “lift”, i.e., the additional amount paid for a Platinum Ticket, for these twelve thousand (12,000) unique individuals represents approximately two million Canadian dollars (CA$2,000,000).
Notwithstanding the above, Payment Processing Fees, delivery fees, processing fees, and taxes (in each case, if any) related to any Platinum Ticket Fee shall be deducted from the Platinum Ticket Fees before the Platinum Ticket Fee royalties are calculated.
Principal will provide Ticketmaster with notice of its desire to have Ticketmaster enable a Platinum Ticket offer for any applicable Attraction, and shall provide Ticketmaster with required Set-Up Information in respect of such offer so that Ticketmaster may set up the offer for sale through the ▇▇.▇▇▇ Website.