Average Ticket Price definition
Average Ticket Price means the product of the following formula: (A) the sum of (i) the number of Tickets available for sale to the general public in each price category MULTIPLIED BY (ii) the face Ticket price of all Tickets available for sale to the general public in such price category, DIVIDED BY (B) the sum of all Tickets available for sale to the general public.
Average Ticket Price means the average ticket price realized by IHC for the Hockey Season immediately preceding the date of determination and shall be based on the average ticket price of all Regular Season Game tickets sold during that season, net of the Facility Fee. The amount of the Average Ticket Price may increase or decrease from year to year and shall be determinatively established as the amount reported by IHC to the League each year. The calculation of Average Ticket Price shall include discounted tickets, including ticket plans and group tickets, but shall not include complimentary tickets. For example purposes only, the Average Ticket Price for the 2021-2022 Hockey Season was $28.35.
Examples of Average Ticket Price in a sentence
The parties have agreed that, in determining the amount owed pursuant to Section 10.11(b), (i) the value of each such ticket shall be based on the Average Ticket Price, and (ii) each loge seat requires one ticket, each club seat requires one ticket, and each suite requires a number of tickets depending on size and manifested seats.