Common use of Hourly Credit Clause in Contracts

Hourly Credit. Programmer shall receive from Licensee, as a refund consisting of a flat rate credit of $190.00 per hour ("Hourly Credit"), for any part of the weekly one hundred sixty-four (164) hours of programming time that Licensee uses to broadcast its own programming including periods during which Licensee is unable, for any reason (except, as provided in Section 1.9(a) and except for Programmer's failure to deliver its programming to Licensee), to broadcast the Programming. Such refunds to Programmer shall be paid within ten (10) days of the end of each month.

Appears in 1 contract

Samples: Time Brokerage Agreement (American Radio Systems Corp /Ma/)

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Hourly Credit. Programmer shall receive from Licensee, as a refund consisting of a flat rate credit of $190.00 235 per hour ("Hourly Credit"), for any part of the weekly one hundred sixty-four (164) hours of programming time that Licensee uses to broadcast its own programming including periods during which Licensee is unable, for any reason (except, as provided in Section 1.9(a) and except for Programmer's failure to deliver its programming to Licensee), to broadcast the Programming. Such refunds to Programmer shall be paid within ten (10) days of the end of each month.

Appears in 1 contract

Samples: Time Brokerage Agreement (American Radio Systems Corp /Ma/)

Hourly Credit. Programmer shall receive from Licensee, as a refund consisting of a flat rate credit of $190.00 385.00 per hour ("Hourly Credit"), for any part of the weekly one hundred sixty-four (164) hours of programming time that Licensee uses to broadcast its own programming including periods during which Licensee is unable, for any reason (except, as provided in Section 1.9(a) and except for Programmer's failure to deliver its programming to Licensee), to broadcast the Programming. Such refunds to Programmer shall be paid within ten (10) days of the end of each month.

Appears in 1 contract

Samples: Time Brokerage Agreement (American Radio Systems Corp /Ma/)

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Hourly Credit. Programmer shall receive from Licensee, as a refund consisting of a flat rate credit of $190.00 55.00 per hour ("Hourly Credit"), for any part of the weekly one hundred sixty-four (164) hours of programming time that Licensee uses to broadcast its own programming including periods during which Licensee is unable, for any reason (except, as provided in Section 1.9(a) and except for Programmer's failure to deliver its programming to Licensee), to broadcast the ProgrammingProgrammer's programming. Such refunds to Programmer shall be paid within ten (10) days of the end of each month.

Appears in 1 contract

Samples: Time Brokerage Agreement (American Radio Systems Corp /Ma/)

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