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AG 2002 08 19 (Regular)
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AG 2002 08 19 (Regular)
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Last modified
3/2/2006 5:01:40 PM
Creation date
11/27/2017 11:43:52 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/19/2002
Board
Board of Commissioners
Meeting Type
Regular
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described herein. Principal consents to the imposition of the charges described herein on all <br />Tickets purchased through Ticketmaster hereunder. Those fees and compensation which are <br />owed by Principal may be deducted by Ticketmaster from the Face Value collected by <br />Ticketmaster as an agent of Principal under the settlement procedures described in Section 11 <br />hereof. <br /> <br /> (a) Ticket Printing Charge: Ticketmaster shall assess against Principal the <br />following Ticket Printing Charges for Tickets printed by, sold or Otherwise issued utilizing the <br />TM System: <br /> <br />(i) $0.10 per Ticket sold by Ticketmaster Outlets; <br /> <br /> (ii) <br />paid for by Principal; <br /> <br />$0.05 per Ticket sold at the Facility Box Office using Ticket stock <br /> <br /> (iii) $0.05 per Ticket sold at the Facility Box Office using Ticket stock <br />paid for by Ticketmaster; and <br /> <br /> (iv) $0.05 per Ticket for complimentary Tickets printed or otherwise <br />issued by or on behalf of Principal. <br /> <br /> (b) Convenience Charge: Ticketmaster shall assess against purchasers of <br />Tickets a per Ticket Convenience Charge for Tickets sold by Ticketmaster. The amount of the <br />Convenience Charge shall initially be as follows: <br /> <br />CONVENIENCE CHARGES - PER TICKET <br /> <br />Face Value of Tickets: Outlets: <br /> <br />Internet Sales, <br />Telephone Sales: <br /> <br />Under $10.00 $2.75 $2.75 <br />$10.00 to $19.99 $3.50 $3.50 <br />$20.00 to $29.99 $4.00 $4.00 <br />$30.00 to $49.99 $5.25 $5.25 <br />$50.00 to $69.99 $6.25 $6.25 <br /> <br />$70.00 and above to be mutually determined <br /> <br />The Convenience Charges set forth above for Outlets reflects the 2.5% discount currently in <br />effect for cash purchases at Outlets. <br /> <br />On the first day of the second Contract Year and on the first day of each Contract Year thereafter <br />during the Term, the Convenience Charges set forth above shall be automatically increased by <br />$0.25 per Ticket. <br /> <br /> (c) PrinciPal's Royalties: Principal shall be entitled to receive Ticket sales <br />royalties (collectively, "Royalties") from Ticketmaster with respect to Tickets sold by <br />Ticketmaster hereunder and for which Ticketmaster receives (and does not refund) the applicable <br /> <br />C:\WlNDOWS~Desktop\Cabarms Arena LUA Final 081702.doc <br /> <br /> 3 <br />£-/5' <br /> <br /> <br />
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