Owner’s Share of Ancillary Event Funds and Owner’s Share of Ticket Sales Sample Clauses

Owner’s Share of Ancillary Event Funds and Owner’s Share of Ticket Sales. Manager shall pay Owner an amount for each Agreement Year equal to five percent (5%) of the Ancillary Event Funds (defined below) for all Ancillary Events held in such Agreement Year (the “Owner’s Share of Ancillary Event Funds”).
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Owner’s Share of Ancillary Event Funds and Owner’s Share of Ticket Sales. Manager shall pay Owner an amount for each Agreement Year equal to five percent (5%) of the Ancillary Event Funds (defined below) for all Stadium Events held in such Agreement Year (the “Owner’s Share of Ancillary Event Funds”). Within sixty (60) days following the end of each Agreement Year, Manager shall furnish Owner with a statement, verified by a corporate officer of Manager, showing the amount of Stadium Event Net Profit for the preceding Agreement Year, which statement shall be accompanied by Manager’s payment of Owner’s Share of Stadium Event Net Profit, if any is due.

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