Common use of Resale of Tickets Clause in Contracts

Resale of Tickets. You acknowledge that it is unlawful to sell or resell tickets on Arena or adjoining property without written permission as required by L.A. Municipal Code § 42.03. Violation of this ordinance or the resale of tickets in violation of state law (California Penal Code § 346) may result in fine, imprisonment or both. You acknowledge and agree that your ticket resale, transfer, or trade activity may be monitored and tracked by the Kings. In the event that you (1) sell, attempt to sell, or engage a third party to sell on your behalf, a substantial portion of your season tickets, or (2) the Kings determine that you have purchased season tickets for the primary purpose of financial gain or benefit, the Kings reserve the right to terminate this Agreement immediately upon written notice to you. In the event your season tickets are terminated for this reason, the Kings will provide you with written notice of such election, and will refund any pre-paid portion of the License Fee for which you have not received a benefit. However, and without limiting any of our rights or remedies in connection with any such breach, you shall be obligated to pay (and the Kings may retain) that portion of the License Fee which relates to Kings games which occurred before exercise of these termination rights.