Custom Placeholder For Event Booking Cutoff Date

add_filter('em_event_output_placeholder','em_event_booking_cutoff',1,3);
function em_event_booking_cutoff($replace, $EM_Event, $result){
	if ( $result == '#_EVENTBOOKINGCUTOFF' ) {
		$EM_DateTime = new EM_DateTime();
		$replace = date('l, F j, Y',strtotime($EM_Event->event_rsvp_date));
	}
	return $replace;
}