Common use of Ticket Sales Clause in Contracts

Ticket Sales. 10.1. The lessee undertakes to use the ticket sales system of the lessor and the ticket sale locations, including websites the lessor uses in his operation and websites that the partners of the lessor use for selling tickets. The lessee must pay the costs and a fee for ticket sales in accordance with the lessor’s rate list. 10.2. Decisions on ticket prices for events are entirely in the hands of the lessee. Income from ticket sales is the property of the lessee, and he bears sole responsibility with respect to the public as regards the sale of tickets. 10.3. In the event that an event is not held, is cancelled or the lessee decides not to hold the event for some reason, the lessee must notify the lessor in writing of such circumstance as soon as the lessee becomes aware of such cancellation of the event. If events or circumstances are such that the lessor is of the opinion that there is a substantial likelihood that an event will be cancelled, the lessor may direct notification to the lessee that he must make the decision to cancel the event. 10.4. The lessee grants the ticket sales entities and the lessor authorisation to collect a separate fee from ticket purchasers who request special services in connection with ticket 10.5. If the lessee receives complimentary tickets for his own use, the number of such tickets is limited to a maximum of 10% of the available tickets, unless otherwise agreed. A fee is collected from complimentary tickets according to the rate list of the lessor. 10.6. The lessee grants the lessor authorisation to hold back an amount equivalent to all the ticket sales to an event pursuant to this agreement until all costs, fees and charges have been paid. The amount must be used to pay all claims and costs incurred due to the agreement between the lessee and the lessor until such time as a final settlement has been reached between them. In addition, the lessor is authorised to hold back an amount equivalent to the STEF fees (fees payable to the Performing Rights Society of Iceland) with regard to an event or until such time as the lessee submits documentation that the above STEF fees have been paid. The lessor may, furthermore, withhold the amount of the agreed rent together with a 10% margin until final settlement has taken place on the 10th to 15th date of the month for the preceding credit card period after the end of the event.

Ticket Sales. 10.1. The lessee undertakes to use the ticket sales system of the lessor and the ticket sale locations, including websites the lessor uses in his operation and websites that the partners of the lessor use for selling tickets. The lessee must pay the costs and a fee for ticket sales in accordance with the lessor’s rate list. 10.2. Decisions on ticket prices for events are entirely in the hands of the lessee. Income from ticket sales is the property of the ofthe lessee, and he bears sole responsibility with respect to the public thepublic as regards the sale of tickets. The lessee must provide the lessor with the information that must be displayed in the ticket sales system when the tickets are sold no later than 10 days before the tickets to an event are made available for purchase. 10.3. In the event that an event is not held, is cancelled or the lessee xxxxxx decides not to hold the event for some reason, the lessee xxxxxx must notify the lessor in writing of such circumstance as soon as the lessee becomes aware of such cancellation of the event. If events or circumstances cir- cumstances are such that the lessor is of the opinion that there is a substantial likelihood likeli- hood that an event will eventwill be cancelled, the lessor may direct notification to the lessee that he must make the decision to cancel the event. If an event is cancelled, the lessee is wholly responsible for all announcements thereto as well as for notifying ticket holders and others of the cancellation of the event. The lessee is responsible for all costs that have been incurred as regards ticket sales. If a decision has been made by the lessee or the lessor to cancel an event, the lessor will immediately refund paid tickets to ticket purchasers and will make the decision on the arrangements and execution of refunding tickets. The lessee is responsible for and pays the costs resulting from the refund. 10.4. The lessee grants the ticket sales entities and the lessor authorisation to collect a separate fee from ticket purchasers who request special services in connection with ticketticket purchases, such as delivery of tickets by post. Fees for services are in accord- ance with the rate list of the lessor. 10.5. If the lessee receives complimentary tickets for his own use, the number of such tickets is limited to a maximum of 10% of the available tickets, unless otherwise agreed. A fee is collected from complimentary tickets according to the rate list of the lessor. 10.6. The lessee grants the lessor authorisation to hold back an amount equivalent to all the ticket sales to an event pursuant to this agreement until all costs, fees and charges have been paid. The amount must be used to pay all claims and costs incurred due to the agreement between the lessee and the lessor until such time as a final settlement has been reached between them. In addition, the lessor is authorised to hold back an amount equivalent to the STEF fees (fees payable to the Performing Rights Society of Iceland) with regard to an event or until such time as the lessee submits documentation that the above STEF fees have been paid). The lessor may, furthermore, withhold the amount of the agreed rent together with a 10% margin until final settlement has taken place on the 10th to 15th date of the month for the preceding credit card period after the end of the event.

Ticket Sales. 10.1. The lessee undertakes to use the ticket sales system of the lessor and the ticket sale locations, including websites the lessor uses in his operation and websites that the partners of the lessor use for selling tickets. The lessee must pay the costs and a fee for ticket sales in accordance with the lessor’s rate list. 10.2. Decisions on ticket prices for events are entirely in the hands of the lessee. Income from ticket sales is the property of the lessee, and he bears sole responsibility with respect to the public as regards the sale of tickets. The lessee must provide the lessor with the information that must be displayed in the ticket sales system when the tickets are sold no later than 10 days before the tickets to an event are made available for purchase. 10.3. In the event that an event is not held, is cancelled or the lessee decides not to hold the event for some reason, the lessee xxxxxx must notify the lessor in writing of o5f such circumstance as soon as the lessee becomes aware of such cancellation of the event. If events or circumstances are such that the lessor is of the opinion that there is a substantial likelihood that an event will be cancelled, the lessor may direct notification to the lessee that he must make the decision to cancel the event. If an event is cancelled, the lessee is wholly responsible for all announcements thereto as well as for notifying ticket holders and others of the cancellation of the event. The lessee is responsible for all costs that have been incurred as regards ticket sales. If a decision has been made by the lessee or the lessor to cancel an event, the lessor will immediately refund paid tickets to ticket purchasers and will make the decision on the arrangements and execution of refunding tickets. The lessee is responsible for and pays the costs resulting from the refund. 10.4. The lessee grants the ticket sales entities and the lessor authorisation to collect a separate fee from ticket purchasers who request special services in connection with ticketticket purchases, such as delivery of tickets by post. Fees for services are in accordance with the rate list of the lessor. 10.5. If the lessee receives complimentary tickets for his own use, the number of such tickets is limited to a maximum of 10% of the available tickets, unless otherwise agreed. A fee is collected from complimentary tickets according to the rate list of the lessor. 10.6. The lessee grants the lessor authorisation to hold back an amount equivalent to all the ticket sales to an event pursuant to this agreement until all costs, fees and charges have been paid. The amount must be used to pay all claims and costs incurred due to the agreement between the lessee and the lessor until such time as a final settlement has been reached between them. In addition, the lessor is authorised to hold back an amount equivalent to the STEF fees (fees payable to the Performing Rights Society of Iceland) with regard to an event or until such time as the lessee submits documentation that the above STEF fees have been paid). The lessor may, furthermore, withhold the amount of the agreed rent together with togetherwith a 10% margin until final settlement has taken place on the 10th to 15th date of the month for the preceding credit card period after the end of the event.

Ticket Sales. 10.1. The lessee undertakes to use the ticket sales system of the lessor and the ticket sale locations, including websites the lessor uses in his operation and websites that the partners of the lessor use for selling tickets. The lessee must pay the costs and a fee for ticket sales in accordance with the lessor’s rate list. 10.2. Decisions on ticket prices for events are entirely in the hands of the lessee. Income from ticket sales is the property of the lessee, and he bears sole responsibility with respect to the public as regards the sale of tickets. 10.3. In the event that an event is not held, is cancelled or the lessee decides not to hold the event for some reason, the lessee must notify the lessor in writing of such circumstance as soon as the lessee becomes aware of such cancellation of the event. If events or circumstances are such that the lessor is of the opinion that there is a substantial likelihood that an event will be cancelled, the lessor may direct notification to the lessee that he must make the decision to cancel the event. 10.4. The lessee grants the ticket sales entities and the lessor authorisation to collect a separate fee from ticket purchasers who request special services in connection with ticketticket purchases, such as delivery of tickets by post. Fees for services are in accordance with the rate list of the lessor. 10.5. If the lessee receives complimentary tickets for his own use, the number of such tickets is limited to a maximum of 10% of the available tickets, unless otherwise agreed. A fee is collected from complimentary tickets according to the rate list of the lessor. 10.6. The lessee grants the lessor authorisation to hold back an amount equivalent to all the ticket sales to an event pursuant to this agreement until all costs, fees and charges have been paid. The amount must be used to pay all claims and costs incurred due to the agreement between the lessee and the lessor until such time as a final settlement has been reached between them. In addition, the lessor is authorised to hold back an amount equivalent to the STEF fees (fees payable to the Performing Rights Society of Iceland) with regard to an event or until such time as the lessee submits documentation that the above STEF fees have been paid. The lessor may, furthermore, withhold the amount of the agreed rent together with a 10% margin until final settlement has taken place on the 10th to 15th date of the month for the preceding credit card period after the end of the event.charges