Uncashed Tickets Sample Clauses

Uncashed Tickets. Subject to Section 1.09, Liabilities for Uncashed Tickets.
Sample 1Sample 2
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Uncashed Tickets. At the Closing, Shareholders and Partners shall make a cash payment to or in favor of Purchaser (or at Purchaser’s option, to Company and/or LLLP) in an amount equal to, or decrease the Purchase Price by amount equal to, the amount of the total Liabilities of Company and LLLP associated with uncashed, unclaimed or abandoned tickets, gaming chips and tokens outstanding on the Closing Date made by xxxxxx for bets placed at the Business on live events held at the Business (collective, “Uncashed Tickets”). Following the Closing, Purchaser agrees to cause Company and/or LLLP, as appropriate, to redeem such Uncashed Tickets of Company or LLLP relating to the use and operation of the Business prior to Closing, which are timely presented by patrons of the Business within the applicable Florida statutory time periods for such redemptions or, if there is no such statutory time period, within the time period for such redemptions prevailing under the Company’s past practices in the operation of the Business (“Past Redemption Practices”). For purposes of this Section 1.09, the receivables due to Company and/or LLLP with respect to Uncashed Tickets from inter-track xxxxxx placed on live events held at the Business prior to the Closing (the “Offsite Wagering”) shall be deemed to constitute a cash payment by Shareholders and Partners because such proceeds will escheat to the Company or LLLP if not claimed within 12 months of such wager pursuant to Florida law and industry practice. Within thirty (30) days following the first anniversary of the Closing, Shareholders and Partners shall make a cash payment to Purchaser, or at Purchaser’s option, to Company and/or LLLP, equal to the aggregate dollar amount of Uncashed Tickets for Offsite Wagering outstanding on the Closing Date which Purchaser, Purchaser Affiliate, Company and/or LLLP has had to make payment on during the 12 month period following the Closing. Further, Shareholders and Partners shall transfer to Purchaser, or at Purchaser’s option, to Company and/or LLLP, at the Closing all cash proceeds derived from Uncashed Tickets outstanding on the Closing Date from inter-track xxxxxx placed on events not held at the Business and Purchaser, Company and/or LLLP, as applicable, will hold such funds to offset and satisfy any liabilities owed to the pari-mutuel holding such live event for which the Uncashed Ticket relates, which liability shall be an Included Liability hereunder.
Sample 1
Uncashed Tickets. At the Closing, Seller shall make a cash payment to or in favor of Purchaser (or at Purchaser’s option, to Company) in an amount equal to, or the Purchase Price shall be decreased by an amount equal to, the amount of the total Liabilities of Company associated with uncashed, unclaimed or abandoned tickets, gaming chips, tokens and similar gaming Liabilities outstanding (collectively, “Uncashed Tickets”) on the Closing Date made by wxxxxx for bets placed at the Business on live events held at the Business. In addition, at the Closing, Seller shall make a cash payment to Purchaser (or at Purchaser’s option, to Company) in an amount equal to the aggregate dollar amount of Uncashed Tickets from inter-track wxxxxx placed on live events held at the Business prior to the Closing (the “Offsite Wagering”) which are outstanding on the Closing Date. Further, Seller shall transfer to Purchaser (or at Purchaser’s option, to Company) at the Closing all cash proceeds derived from Uncashed Tickets outstanding on the Closing Date from inter-track wxxxxx placed on events not held at the Business.
Sample 1
Uncashed Tickets. At the Closing, Seller shall make a cash payment to or in favor of Purchaser in an amount equal to, or the Purchase Price shall be decreased by an amount equal to, the amount of the total Liabilities of Seller associated with uncashed, unclaimed or abandoned tickets, gaming chips, tokens and similar gaming Liabilities outstanding (collectively, “Uncashed Tickets”) on the Closing Date made by wxxxxx for bets placed at the Business on live events held at the Business. In addition, at the Closing, Seller shall make a cash payment to Purchaser in an amount equal to the aggregate dollar amount of Uncashed Tickets from inter-track wxxxxx placed on live events held at the Business prior to the Closing (the “Offsite Wagering”) which are outstanding on the Closing Date.
Sample 1

Related to Uncashed Tickets

  • Tickets Each Ticket represents a limited, revocable license to enter the Venue to attend the specific Event listed on the applicable Ticket. No person, except for attendees under the age of three, may enter the Venue without a Ticket, and re-entry is prohibited. Failure to comply with this Agreement shall result in forfeiture of this license and all rights arising hereunder without refund or credit and shall entitle KSE to pursue all legal remedies available.

  • Mail Order Catalog Warnings In the event that, the Settling Entity prints new catalogs and sells units of the Products via mail order through such catalogs to California consumers or through its customers, the Settling Entity shall provide a warning for each unit of such Product both on the label in accordance with subsection 2.4 above, and in the catalog in a manner that clearly associates the warning with the specific Product being purchased. Any warning provided in a mail order catalog shall be in the same type size or larger than other consumer information conveyed for such Product within the catalog and shall be located on the same display page of the item. The catalog warning may use the Short-Form Warning content described in subsection 2.3(b) if the language provided on the Product label also uses the Short-Form Warning.

  • Passengers THE CARRIER shall be liable for damages resulting from death or bodily injury to a Passenger by the sole reason that the act which caused the damages took place on board the aircraft or during boarding or deboarding the aircraft.

  • Shipments The Vendor shall ship, deliver or provide ordered products or services within a commercially reasonable time after the receipt of the order from the TIPS Member. If a delay in said delivery is anticipated, the Vendor shall notify TIPS Member as to why delivery is delayed and shall provide an estimated time for completion of the order. TIPS or the requesting entity may cancel the order if estimated delivery time is not acceptable or not as agreed by the parties.

  • COMPLIMENTARY TICKETS Hirer can allocate up to 2% in number of the tickets for each performance or day of the Event as complimentary tickets.

  • Volume of TIPS Sales Nothing in this Agreement or any TIPS communication may be construed as a guarantee that TIPS or TIPS Members will submit any TIPS orders to Vendor at any time.

  • Cards 2.1 The Card is a prepaid payment card which may be used to pay for goods and services at participating retailers that accept prepaid Visa cards. The physical card may be used in shops and retail locations where the Cardholder is physically present or for online and other distance purchases. Your Card cannot be used to make cash withdrawals from ATMs and banks. Like any Card, We cannot guarantee that a particular retailer will accept the Card – Cardholders should check with the retailer before attempting the transaction if unsure. The Cardholder will not be able to use the Card to make any purchases from some retailers; such retailers have been blocked by Our systems in order to prevent the potential use of cards for unauthorised or unlawful activity. 2.2 The Card is an electronic money (“e-money”) product, regulated by the Financial Services Commission (“FSC”), Gibraltar. It is a prepaid card not a credit card and is not linked to Your bank account. You must ensure that You have sufficient Available Funds in the Master Wallet for the Cardholder to pay for each purchase or payment using the Card. The Card is intended for use as a means of payment, and funds loaded onto the Card do not constitute a deposit. You will not earn interest on the balance of the Card. The Card will expire on the Expiry Date and will cease to work. Please check clause 8 of this Agreement for further information. 2.3 The electronic money associated with the Card is issued by IDTFS to You. 2.4 When the Cardholder receives the Card, it will be issued in an inactive state. The Cardholder will need to activate it by logging onto Our Website, in Your personal login area (“Online Account Centre”) and then following the login and activation request for the Card prior to use. The Card will normally be ready for use one hour after activation. If the Cardholder does not activate the Card, any transactions that the Cardholder attempts to carry out may be declined.

  • Stop Payments The Fund hereby authorizes the Transfer Agent to stop payment of checks issued in payment of dividends, but not presented for payment, when the payees thereof allege either that they have not received the checks or that such checks have been mislaid, lost, stolen, destroyed or, through no fault of theirs, are otherwise beyond their control and cannot be produced by them for presentation and collection, and the Transfer Agent shall issue and deliver duplicate checks in replacement thereof, and the Fund shall indemnify Transfer Agent against any loss or damage resulting from reissuance of the checks.

  • Merchandise Programs, T-shirts, souvenirs, posters, novelty items, clothing apparel, and recorded media will be sold in the Centre only by BCEC Management or representatives nominated by it, unless BCEC Management agrees in writing to waive this condition. BCEC Management will retain 18% (including GST) of gross merchandise sales. All revenue derived from the sale of motion pictures, still photography, television or radio recordings, or other similar rights, is to be subject to a seperate agreement between Hirer and BCEC Management. In addition to its responsibilities under clause 7.1, Xxxxx must: (a) ensure that all performances include an interval of not less than 20 minutes; (b) ensure that all advertising, promotion and publicity for the Event or performances in the Event includes the following details: (i) ticket prices, advertised as "$ (basic ticket price) plus normal fees"; (ii) the time of each performance in the Event; (iii) details of any supporting acts for the main performance in the Event; and (iv) ticket booking details including the name of any ticketing agent of BCEC Management and the box office telephone number of BCEC Management or its ticketing agent; and (c) ensure that any tickets are sold only by outlets nominated by BCEC Management at the agreed ticket prices.

  • Dues Receipts At the same time that Income Tax (T-4) slips are made available, the Employer shall type on the amount of union dues paid by each Union member in the previous year.

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