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5.6 Receipts and Disbursements SMG shall establish and maintain in one or more depositories designated by the County one or more operating, payroll and other bank accounts for the promotion, operation and management of the Facility, in the name of the County, with SMG having signature authority in such employees of SMG as SMG shall reasonably determine, provided such employees are prop- erly bonded as specified herein. All revenues collected by SMG from the operation of or in any way related to the Facility shall be deposited into such accounts and Operating Expenses shall be paid by SMG from such accounts. All revenues collected by SMG arising from, related to or payable in connection with the Facility, including but not limited to revenues from box office sales, facility or equipment rentals, utility rental agreements, food and beverage concessions, naming or pouring rights, licensing agreements, sales, marketing, leasing or other commissions, or any other source, are the sole property of the County, held in trust by SMG for the County for application as provided herein. Any amounts remaining in such accounts upon termination or expiration of this Agreement for any reason, after payment of all outstanding Operating Ex- penses, shall be the sole property of the County and shall be promptly paid by SMG to the Coun- ty. 5.7 Ticket Sales Revenues SMG shall hold in a separate interest - bearing account in a banking institution de- pository designated by the County any ticket sale revenues which it receives with respect to an event to be held at the Facility pending the completion of the event. Such monies are to be held for the protection of ticket purchasers, the County and SMG, and to provide a source of funds, as required for such payments to performers and promoters and for such payments of Operating Expenses in connection with the presentation of events as may be required to be paid contempo- raneously with the event. Following the satisfactory completion of the events, SMG shall make a deposit into the operating account(s) established pursuant to Section 5.6 above of the amount in such account and shall pay from the operating account Event Expenses and provide the County with a full event settlement report along with, upon request of the County, copies of paid receipts from all vendors, promoters, performers and other payees of any portion of the ticket sale reve- nues, and /or other details of such payments. Interest which accrues on amounts deposited in the operating account(s) referred to in Section 5.6 and the ticket account referred to above shall be considered Operating Revenues. Bank service charges, if any, on such account(s) shall be consi- dered Operating Expenses. 5.8 Capital Improvements, Capital Equipment The obligation to pay for, and authority to perform, direct and supervise Capital Improvements and Capital Equipment purchases shall remain with the County, except as other- wise provided in Section 5.12, and will not be considered Operating Expenses. The annual plan submitted pursuant to Section 6.2 shall include SMG's recommendation for Capital Improve- ments and Capital Equipment purchases to be accomplished during the Fiscal Year and shall be accompanied by an estimate of the cost of all such items and projects and a request that the County budget funds therefor. The County shall retain the sole discretion to determine whether pdfconvert. 9450.1. cabarms_agreement_2015. doc 16 F -1 Attachment number 1 Page 96