Public, Educational and Governmental Access Annual Support Sample Clauses

Public, Educational and Governmental Access Annual Support. (a) After the Effective Date, the Licensee shall make annual payments to the Issuing Authority or the Access Designee for PEG access purposes, as determined by the Issuing Authority, in the amount of five percent (5%) of Gross Revenues (the “PEG Fee”), with the first payment being five percent of Gross Revenues derived from Licensee’s revenues during the period from the effective date through 12 months thereafter; and subsequent annual payments being five percent (5%) of Gross Revenues derived from Licensee’s revenues for each year of the License thereafterwhich shall be payable directly to or for a special PEG Account, in the nature of a grant account, or other special account restricted for PEG Access and/or cable related uses, for the promotion and stimulation of public and charitable purposes related to PEG Access and/or cable related purposes, and not for general use, subject to applicable law. PEG Fee payments shall be made annually no later than March 15th of each calendar year for a total of 10 payments. The Licensee shall file with the Issuing Authority, with each such percentage PEG Fee payment, a statement signed by a qualified representative of the Licensee documenting, in reasonable detail the total of all Gross Revenues as defined in Section 1.1(H) above, derived during the previous calendar year upon which payment is based. Upon request of the Licensee, the Issuing Authority’s PEG Access designee shall prepare an annual report for the preceding calendar year which records how the annual payment for PEG operations was spent. The Licensee may deduct from the annual PEG Fee payments the amount of the License Fee and other permissible offsets under federal law as necessary to ensure the total franchise fee obligation does not exceed the 5% cap on franchise fees provided for by the Cable Act.
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Related to Public, Educational and Governmental Access Annual Support

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