Lottery Tickets definition
Examples of Lottery Tickets in a sentence
Retailer agrees to pay the amount due to Lottery for the sale of Lottery Tickets and Shares by a weekly EFT initiated by Lottery that withdraws the amount owed to Lottery from the Retailer’s designated EFT account.
This waiver includes, but is not limited to, any and all claims for lost profits or revenue from the sale of Lottery Tickets or Shares, regardless of the reason for the failure, interruption, or defect, and also includes any claims based on Lottery’s interruption of operations to protect Lottery security or to conduct repairs, replacements, or substitutions of Equipment, Supplies, products, or systems or for any other reason.
Retailer agrees to perform its duties in accordance with the Rules specified for the types of Lottery Tickets and Shares that Retailer sells at its Premises.
During the Contract Term Lottery shall not decrease the compensation rates paid for the sale of Lottery Tickets and Shares without Retailer’s consent, unless (i) the Rules are amended to provide for a decrease, (ii) Lottery Games or their sales are at any time prohibited, limited, or restricted by law, or (iii) Lottery’s administrative expenses exceed 16% for all Games in violation of the Oregon Constitution.
Retailer may not assign, delegate, subcontract, or in any way transfer this Contract, in whole or in part, including, without limitation, the authority to act as a Lottery Retailer and to sell Lottery Tickets or Shares in exchange for the receipt of payment of the retail price of such Tickets or Shares.
If Retailer advertises the sale of its Business, the advertisement shall not imply or state that the sale of the Business transfers any right to sell Lottery Tickets or Shares.
Except for a security interest granted to Lottery, Retailer may not grant a security interest or lien in, or otherwise encumber, any payments received from the sale of Lottery Tickets or Shares.
A Lottery Terminal is considered “non-operational” if Lottery Tickets cannot be entered, printed and sold or canceled (under permitted conditions) or validations cannot be performed, or the reader and/or scanner cannot process ▇▇▇▇▇▇ or play slips.
If federal or state laws, rules, regulations, or administrative rules are modified, changed, or interpreted in such a way that Lottery Tickets or Shares are no longer available for purchase under this Contract or are no longer eligible for the compensation authorized by this Contract.
Retailer shall establish a separate account for the deposit of money from sales of Lottery Tickets and Shares with a financial institution that has the capability of making electronic funds transfers (“EFT(s)”).