The "Terms & Conditions" ticket template element which shows on your generated PDF ticket corresponds to the "Terms of Use" field on the actual event (which you can edit when creating new or editing existing event under My TIcket Space > Events).

When previewing the ticket template from using Preview functionality within the Ticket Templates, it will display dummy data, since the same ticket template can be associated with multiple ticket types and therefore we don't know where it should pull the data from. So, to get the actual preview, you will need to make a test purchase of your event ticket, which uses this ticket template. 

We recommend doing this for every other ticket template that you might design, that way there are no surprises of weird looking tickets when you start selling for real. 

Hint: You can leave this ticket open in one of your browser tabs, and then each time you save changes to the ticket template, simply refresh the page with loaded ticket to see the changes.