Owner’s Share of Ancillary Events Net Profit Sample Clauses

Owner’s Share of Ancillary Events Net Profit. Manager shall pay Owner "), an amount for each Agreement Year equal to twenty-five percent (25%) of the Ancillary Event Net Profit (defined below) for Ancillary Events held in such Agreement Year (the “Owner’s Share of Ancillary Event Net Profit”). 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 Ancillary Event Net Profit for the preceding Agreement Year, which statement shall be accompanied by Manager’s payment of Owner’s Share of Ancillary Event Net Profit, if any is due.
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