- 17 - remit to the partnership on a monthly basis all rental receipts collected in the preceding month in respect of existing box suites.4 The Revised Lease, by amendment to Article 8 of the 1975 Lease, requires FML to pay the partnership on a monthly basis an amount equal to all receipts paid to FML in the preceding month with respect to sales of food, beverages, novelties, and other merchandise concessions sold in the Superdome during a Saints home game. By further amendment to Article 8, the Revised Lease requires FML to remit to the partnership on a monthly basis an amount equal to the receipts collected in the preceding month in respect of any advertising at the Superdome. The Revised Lease further amends Article 8 and requires FML to pay the partnership on a monthly basis an amount equal to gross receipts collected in the preceding month in respect of parking at the Superdome during the Saints' home games. The Revised Lease also amends Article 8 and requires FML to remit to the partnership on a monthly basis an amount equal to FML's receipts collected in the preceding month in respect of dues and other membership fees paid by members of the Superdome's "Stadium Club," and receipts attributable to guided tours of the Superdome. The Revised Lease also requires FML to pay the partnership on a monthly basis a sum equal to 50 percent of the 4This amendment also granted both FML and petitioner certain other rights with respect to box suites.Page: Previous 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Next
Last modified: May 25, 2011