Financial Commitment for Programming Sample Clauses

Financial Commitment for Programming. Odyssey and HEI will commit to the following financial contributions to the programming described above: a) Odyssey will pay NICC a total license fee of $5,300,000 per year for the entire Sunday morning block and daily one-half hour program, with the CPI escalations currently provided for in Paragraph 6.6 the Odyssey LLC Agreement. This license fee will be paid in equal quarterly installments of one-quarter of the total yearly fee. Any termination of Odyssey's obligation to make payments pursuant to this subparagraph, will not effect its obligations for payment of the "Additional NICC Budget", in accordance with the terms of Paragraph 6.6 of the Odyssey LLC Agreement, so long as VMC holds its Preferred Interest, as defined in the Odyssey LLC Agreement. Until Odyssey's payment obligations under this subparagraph a) end, however, the payments hereunder will be in lieu of any payment obligations under Paragraph 6.6 of the Odyssey LLC Agreement.