Common use of Illustration Clause in Contracts

Illustration. If IPTV OPERATOR has opted for Zee TV on A-xx-Xxxxx basis and has placed Zee TV in package “X” of the IPTV OPERATOR. The Monthly Average Active Subscriber Level for a particular month reported by the IPTV OPERATOR is 10,000 subscribers for package X, then the Subscription Fee payable by the IPTV OPERATOR for that particular month for Zee TV will be calculated as MRP of ZEE TV = Rs. 22.00 ZEEL’s Share of MRP = Rs. 17.60 (Less of Distribution Margin) Monthly Average Active Subscriber Level for Package X reported by IPTV OPERATOR = 10,000 subscribers Subscription Fee for Zee TV for that month = Rs. 17.60 x 10,000 = Rs. 1,76,000 Note: The MRP and Subscription Fee mentioned hereinabove is exclusive of applicable taxes and levies.

Appears in 6 contracts

Samples: Interconnection Agreement, Interconnection Agreement, Interconnection Agreement

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