Active Subscriber “means a Subscriber who has been authorized to receive signals of subscribed Zee Group Channels as per the subscriber management system and whose set top box has not been denied signals.
Annual Subscription means the subscription paid by a member in accordance with the Registered Clubs Act and being paid either annually or otherwise.
Inactive Subsidiary means any Subsidiary of a Borrower that (a) does not conduct any business operations, (b) has assets with a total book value not in excess of $1,000,000 and (c) does not have any Indebtedness outstanding.
Average active subscriber base means the number arrived by averaging the active subscriber base count in the manner specified in the Schedule VII of the Regulation.
Minimum Initial Subscription means such greater or lesser amount as may be