Common use of DISTRIBUTION CONTRIBUTION Clause in Contracts

DISTRIBUTION CONTRIBUTION. a) Granite hereby agrees to pay NBC its pro rata share (calculated based on the Stations' aggregate ▇▇▇▇▇▇▇ DMA percentages) of the NBC Distribution Costs (the "GRANITE PAYMENT") annually throughout the term of this Agreement. The Granite Payment shall be made by wire transfer or such other means as NBC may approve, in two equal bi-annual installments payable each January 15 and June 15. b) Granite hereby acknowledges that from year to year the NBC Distribution Costs may increase, and that accordingly the Granite Payment shall increase, in accordance with increases demonstrated in the annual review of NBC Distribution Costs customarily commissioned by the NBC Affiliate Board. In the event that for any given year during the term the Granite Payment exceeds the actual NBC Distribution Costs, then NBC shall apply the excess to the NBC Strategic Technical Development Fund (a/k/a the Overcollection Fund (the "FUND")).

DISTRIBUTION CONTRIBUTION. a) Granite hereby agrees to pay NBC its pro rata share (calculated based on the Stations' Station's aggregate ▇▇▇▇▇▇▇ DMA percentages) of the NBC Distribution Costs (the "GRANITE PAYMENT") annually throughout the term of this Agreement. The Granite Payment shall be made by wire transfer or such other means as NBC may approve, in two equal bi-annual installments payable each January 15 and June 15. b) Granite hereby acknowledges that from year to year the NBC Distribution Costs may increase, and that accordingly the Granite Payment shall increase, in accordance with increases demonstrated in the annual review of NBC Distribution Costs customarily commissioned by the NBC Affiliate Board. In the event that for any given year during the term the Granite Payment exceeds the actual NBC Distribution Costs, then NBC shall apply the excess to the NBC Strategic Technical Development Fund (a/k/a the Overcollection Fund (the "FUND")).