arena lease and management agreement city of glendale, arizona ...

SUBSTANTIAL FINAL DRAFT 11/27/12 12:35
such Ticket, and that admission for each such Event (including for Suites and Premium Seats) be pursuant
to a Ticket;
9.2.3 The Arena Manager and the City (as applicable) shall cause the retail price of
each Ticket for a City Sponsored Event to be stated on the face of such Ticket, and shall require that
admission for each City Sponsored Event (including for Suites and Premium Seats) be pursuant to a
Ticket; and
9.2.4 With respect to a Fee Activity that is not a Hockey Event, Team Revenue Event,
City Revenue Event or City Sponsored Event, the Arena Manager shall cause each License for a Fee
Activity that is not an Event shall require that the retail price of each Ticket for such Fee Activity be
stated on the face of such Ticket, and that admission for each such Fee Activity (including for Suites and
Premium Seats) be pursuant to a Ticket.
10ARENA MANAGEMENT FEE; TAXATION.. ARENA MANAGEMENT FEE;
TAXATION.
10.1 Management Fee.. During the Term, in consideration of the Arena Manager’s agreement
to perform the management and other services set forth in this Agreement, provided there is no breach by
the Team Owner of the obligations under the Noncompetition/Non-Relocation Agreement or a material
breach by the Arena Manager of the obligations under this Agreement, the City shall pay to the Arena
Manager, by wire transfer of immediately available funds to an account specified by the Arena Manager,
a Management Fee, paid in quarterly (on a three calendar month basis) installments commencing on the
Closing Date and thereafter on or before each quarterly (on a three calendar month basis)
anniversary of the Closing DateOctober 1 st , January 1 st , April 1 st and July 1 st during the Term:
10.1.1 For the period beginning on the Closing Date and untilending on June 30, 2013,
an amount equal to $11,000,000 multipled by a factor equal to the day before the second
anniversarynumber of days from the Closing Date, $17 to the end of June divided by 365, which for the
purposes of clarity shall be calculated as follows:
$11,000,000 X ( Number of Days from Closing Date to June 30, 2013 )
365
10.1.2 Beginning on July 1, 2013 and ending on June 30, 2014, $14,000,000;
10.1.110.1.3 Beginning on July 1, 2014 and continuing each year until June 30, 2016,
$15,000,000 per year;
10.1.210.1.4 Beginning on the second anniversary of the Closing Date July 1,
2016 and continuing each year until the day before the fifth anniversary of the Closing Date,
$20June 30, 2017, $16,000,000 per year;
10.1.310.1.5 Beginning on the fifth anniversary of the Closing DateJuly 1, 2017
and continuing each year until the day before the eighth anniversary of the Closing DateJune 30,
2022, $18,000,000 per year;
10.1.410.1.6 Beginning on the eighth anniversary of the Closing DateJuly 1, 2022
and continuing each year until the day before the 12th anniversary of the Closing Date, $16June 30,
2023, $17,000,000 per year;
45