Common use of Seat and Builder’s Licenses Clause in Contracts

Seat and Builder’s Licenses. The Authority owns and shall retain the exclusive right to enter into agreements, sell, license or transfer of personal seat licenses, stadium builder’s licenses or other similar instruments for any and all seats in the Stadium (collectively, “PSL/SBLs”) and the Authority shall sell the PSL/SBLs [solely as set forth in the Development Agreement] in order to generate revenues to be used for the construction of the Stadium. This Agreement does not authorize PSL/SBLs and no PSL/SBLs, and no PSL/SBL program, rights, or obligations shall be authorized, initiated or covenanted under this Agreement.‌

Seat and Builder’s Licenses. The Authority owns and shall retain the exclusive right to enter into agreements, agreements to sell, license or transfer of personal seat licenses, stadium builder’s licenses or other similar instruments for any and all seats in the Stadium (collectively, “PSL/SBLs”) and the Authority shall sell the PSL/SBLs [solely as set forth to the extent provided in the Development Agreement] Project Documents (including by cooperating with the Team in such sales) in order to generate revenues to be used for the construction of the Stadium. This Agreement does not authorize PSL/SBLs and no PSL/SBLs, and ; no PSL/SBL program, rights, rights or obligations shall be authorized, initiated or covenanted under this Agreement.‌Agreement; and no PSL/SBL program shall be authorized, initiated or covenanted unless such program complies with the MLB Rules and Regulations.

Seat and Builder’s Licenses. The Authority owns and shall retain the exclusive right to enter into agreements, sell, license or transfer of personal seat licenses, stadium builder’s licenses or other similar instruments for any and all seats in the Stadium (collectively, “PSL/SBLs”) and the Authority shall sell the PSL/SBLs [solely as set forth provided in the Development Agreement] Project Documents in order to generate revenues to be used for the construction of the Stadium. This Agreement does not authorize PSL/SBLs and no PSL/SBLs, and no PSL/SBL program, rights, rights or obligations shall be authorized, initiated or covenanted under this Agreement.‌Agreement.

Seat and Builder’s Licenses. The Authority owns and shall retain the exclusive right to enter into agreements, agreements to sell, license or transfer of personal seat licenses, stadium builder’s licenses or other similar instruments for any and all seats in the Stadium (collectively, “PSL/SBLs”) and the Authority shall sell the PSL/SBLs [solely as set forth if and to the extent provided in the Development Agreement] Project Documents (including by cooperating with the Team in such sales) in order to generate revenues to be used for the construction of the Stadium. This Agreement does not authorize PSL/SBLs SBLs; and no PSL/SBLs, SBLs and no PSL/SBL program, rights, rights or obligations shall be authorized, initiated or covenanted under this Agreement.‌Agreement; and no PSL/SBL program shall be authorized, initiated or covenanted unless such program complies with the MLB Rules and Regulations.‌

Seat and Builder’s Licenses. The Authority owns and shall retain the exclusive right to enter into agreements, sell, license or transfer of personal seat licenses, stadium builder’s licenses or other similar instruments for any and all seats in the Stadium (collectively, “PSL/SBLs”) and the Authority shall sell the PSL/SBLs [solely as set forth provided in the Development Agreement] Project Documents in order to generate revenues to be used for the construction of the Stadium. This Agreement does does‌ not authorize PSL/SBLs and no PSL/SBLs, and no PSL/SBL program, rights, rights or obligations shall be authorized, initiated or covenanted under this Agreement.‌Agreement.

Seat and Builder’s Licenses. The Authority owns and shall retain the exclusive right to enter into agreements, sell, license or transfer of personal seat licenses, stadium builder’s licenses or other similar instruments for any and all seats in the Stadium (collectively, “PSL/SBLs”) and the Authority shall sell the PSL/SBLs [solely as set forth in the Development Agreement] in order to generate revenues to be used for the construction of the Stadium. This Agreement does not authorize PSL/SBLs and no PSL/SBLs, and no PSL/SBL program, rights, or obligations shall be authorized, initiated or covenanted under this Agreement.‌Agreement.

Seat and Builder’s Licenses. The Authority owns and shall retain the exclusive right to enter into agreements, sell, license or transfer of personal seat licenses, stadium builder’s licenses or other similar instruments for any and all seats in the Stadium (collectively, “PSL/SBLs”) and the Authority shall sell the PSL/SBLs [solely as set forth in the Development Agreement] in order to generate revenues to be used for the construction of the Stadium. This This‌ Agreement does not authorize PSL/SBLs and no PSL/SBLs, and no PSL/SBL program, rights, or obligations shall be authorized, initiated or covenanted under this Agreement.‌Agreement.