Redemption Value definition
Examples of Redemption Value in a sentence
Concession revenue shall be the gross revenue of the sale of alcoholic beverages minus cash discounts, refunds, taxes collected from purchasers, a ten percent (10%) Contractor management fee, card processing fees, California Redemption Value collection, direct expenses related to the acquisition of the alcoholic beverages sold, expenses associated with equipment rental and disposable products, and labor expenses directly associated with the sale (ie: staff working at concessions table).
If Ideal Impact determines that any item of Property is lost, stolen, destroyed or damaged beyond repair, District at the option of District will either (a) replace the same with like property in good repair or (b) on the next Installment Payment Date, pay Ideal Impact (i) all amounts then owed by District to Ideal Impact under this Agreement, including the Installment Payment due on such date, and (ii) an amount equal to the applicable Early Redemption Value set forth in the Installment Payment Schedule.