Common use of Financial Results Clause in Contracts

Financial Results. Seller shall have achieved Broadcast Cash Flow at the Station, when combined with that of WOCT, of no less than Five Million Dollars ($5,000,000) during the twelve month period ended June 30, 1996. For this purpose, Broadcast Cash Flow shall mean net income from advertising time sales excluding non-cash barter or trade transactions, if any, and after restoring thereto amounts previously deducted for depreciation, amortization, interest, management fees, retirement benefits and any other home office allocations.

Financial Results. Seller shall have achieved Broadcast Cash Flow at the Station, when combined with that of WOCTWWMX, of no less than Five Million Dollars ($5,000,000) during the twelve month period ended June 30, 1996. For this purpose, Broadcast Cash Flow shall mean net income from advertising time sales excluding non-cash barter or trade transactions, if any, and after restoring thereto amounts previously deducted for depreciation, amortization, interest, management fees, retirement benefits and any other home office allocations.