PROCEDURE FOR HANDLING INCOME. 13.1. Revenues derived from operation of the Facilities, such as greens fees, rental fees, advertising, etc., will be deposited into the Facilities Lockbox Account as soon as practicable upon receipt (but not less often than once each business day, and in any event within one (1) business day of receipt). The funds in the City’s Facilities Lockbox Account may be swept by the City on each business day or at such other time as may be provided in the Operations Manual. In the event any event is cancelled and refunds are due to the patrons, the City shall promptly pay such amounts back to the Operator so that the Operator can make the refunds to the patrons.
PROCEDURE FOR HANDLING INCOME. 12.1 Revenues derived from operation of the Facility, such as parking, rental fees, advertising, exhibitor services, ticket office, etc., will be deposited into the Facility Lockbox Account as soon as practicable upon receipt (but not less often than once each business day, and in any event within one (1) business day of receipt). The funds in the City’s Facility Lockbox Account may be swept by the City on each business day or at such other time as may be provided in the Operations Manual. In the event any ticketed event is cancelled and refunds are due to the ticket purchasers, the City shall promptly pay such amounts back to the Operator so that the Operator can make the refunds to the ticket buyers.
PROCEDURE FOR HANDLING INCOME
