Equal Time Clause Samples

Equal Time. The parties intend to lease their Aircraft to one another on an equal time basis. a. Each and every lease under this Agreement must be approved by the Operator prior to scheduling such flight. Approval shall be at the sole discretion of the Operator. Neither party shall be obligated to make its Aircraft available to the other party for any flight under this Agreement. b. For all purposes of this Agreement, a lease of an Aircraft under this Agreement shall be based on actual logged flight time, and shall include any positioning flight required by the User.

Equal Time. The parties intend to lease their Aircraft to one another on an equal time basis. a. Each and every lease under this Agreement must be approved by the Operator prior to scheduling such flight. Approval shall be at the sole discretion of the Operator. Neither party shall be obligated to make its Aircraft available to the other party for any flight under this Agreement. b. For all purposes of this Agreement, a lease of an Aircraft under this Agreement shall be based on actual logged flight time (subject to the normalizing adjustments described in the following sentences), and shall include any positioning flight required by the User. In the event that during any calendar year during the term of this Agreement the Aircraft covered under this Agreement are not all of the same make and model, for each such calendar year the parties will determine the average direct variable operating cost per flight hour (“Annual Hourly Cost”) for each different make and model Aircraft covered by this Agreement during such year (using the same methodology applied in calculating the Annual Hourly Cost of the Aircraft for public reporting purposes). The parties will calculate the ratio of the Annual Hourly Cost for each make and model Aircraft to the Annual Hourly Cost for each other make and model Aircraft, and will apply such ratio to the actual annual logged flight time for each make and model Aircraft (as applicable) to calculate an adjusted annual logged flight time for each Aircraft that will serve to normalize the flight hours among the different make and model Aircraft. The parties shall use the adjusted annual logged flight times for all purposes under this Agreement.

Equal Time. To the extent required by law, if Licensee permits any person who is a legally qualified candidate for any public office to employ the facilities of its System to originate or disseminate political campaign material, it shall afford equal opportunities to all other such candidates for the same office. All paid political announcements or programs on a leased channel shall be designated as such and shall identify the person paying for same at the time said announcement or program is cablecast. To the extent required by law, if Licensee permits any person to originate or disseminate any views concerning a controversial issue of public importance, it shall afford reasonable opportunity for the presentation over its facilities of contrary points of view.