Normal Commercial Value definition

Normal Commercial Value means the figure calculated in relation to the 30” (thirty seconds) equivalent cost per thousand for the equivalent airtime sold/valued in the same clock hour for “paid airtime” charged by the Licensee, which phrase includes advertising airtime before any deduction of agency commissions or any other deductions, but does not include Service Airtime.
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Normal Commercial Value means the figure calculated in relation to the average 30” (thirty second) equivalent gross cost per thousand (measured across the relevant quarter for that same clock hour) for Paid Airtime charged by the Licensee which phrase includes equivalent advertising airtime before any deduction of agency commissions, but does not include income in respect of airtime which:
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Examples of Normal Commercial Value in a sentence

  • The said sum shall be valued at Normal Commercial Value for the equivalent airtime sold/valued in the same clock hour, provided that any particular airtime or advertising spot(s) which are provided but not then sold by the third party will be valued as Service Airtime.

  • In the case of airtime or advertising spot(s) ceded to a third party in return for any programme broadcast by the Licensee (e.g. Independent Radio News - Newslink) and in the case of Contra Deals and/or Barter, the Normal Commercial Value of such ceded airtime shall be included by the Licensee in its statement of Net Broadcasting Revenue hereunder.

  • The gross valuable consideration to be included under Net Broadcasting Revenue for Service Airtime is the higher of: 1) the actual consideration received by the Licensee, or 2) 20% of the Normal Commercial Value of the advertising airtime ceded in return for goods and services or programme material.

  • For the purposes of calculating the gross valuable consideration to be included under Net Broadcasting Revenue for Barter and Contra Deals, the Licensee shall take the fair value (i.e. the value attributed to the Barter or Contra Deal in the Licensed Stations annual statutory accounts) of the advertising airtime provided in return for goods, services and Programme Material save that the gross valuable consideration included shall not be less than 20% of the Normal Commercial Value.

Related to Normal Commercial Value

  • RI Initial Value means, in respect of a Reference Item, the Initial Closing Price.

  • Initial Value has the meaning set forth in Section 1.76(a).

  • Initial Valuation means, when used with reference to specified Collateral, the Valuation initially performed for the Collateral as of the date on which the Collateral was added to the Collateral Pool. The Initial Valuation for each of the Initial Mortgaged Properties is as set forth in Exhibit A to the Agreement.

  • Commercial vessel means any vessel not owned and operated by the United States military or the United States Coast Guard.

  • Commercial vehicle means a motor vehicle, trailer, or semitrailer used or

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • Retail value of a prize means:

  • Total Value means either the fair market value or the actual price paid for a covered animal part or product, whichever is greater.

  • Best Value means the method by which a proposal/contract, if any, is awarded, in accordance with applicable laws, rules, and regulations. Best Value includes multiple parameters, including experience, references, quality of the Vendor's product(s)/service(s), and price, as detailed in Section 6.0 Evaluation and Award.

  • Reasonable Commercial Efforts means, with respect to the applicable obligation of the Company, reasonable commercial efforts for similarly situated, publicly-traded companies.

  • Withdrawal Value means a Participant's Account Value minus the applicable Withdrawal Charge. (transfer from original GRA VII NBR/GRA VI NBR -- Series I) P-14020(SBR)(MBR)(NBR)conv.6

  • Rental Value means Business Income that consists of:

  • pre-commercial procurement means the procurement of research and development services involving risk-benefit sharing under market conditions, and competitive development in phases, where there is a clear separation of the research and development services procured from the deployment of commercial volumes of end-products;

  • Commercial unit means such a unit of goods as by commercial usage is a single whole for purposes of lease and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single article, as a machine, or a set of articles, as a suite of furniture or a line of machinery, or a quantity, as a gross or carload, or any other unit treated in use or in the relevant market as a single whole.

  • Fair Market Rental Value or "Fair Market Sales Value" shall mean with respect to any property or service as of any date, the cash rent or cash price obtainable in an arm's length lease, sale or supply, respectively, between an informed and willing lessee or purchaser under no compulsion to lease or purchase and an informed and willing lessor or seller or supplier under no compulsion to lease or sell or supply of the property or service in question, and shall, in the case of any Unit or an Owner Lessor's Interest, be determined (except pursuant to Section 17 of the Facility Lease or as otherwise provided below or in the Operative Documents) on the basis that (a) the conditions contained in Sections 7 and 8 of the Facility Lease shall have been complied with in all respects, (b) the lessee or buyer shall have rights in, or an assignment of, the Operative Documents to which the Owner Lessor is a party and the obligations relating thereto, (c) the Unit or the Owner Lessor's Interest, as the case may be, is free and clear of all Liens (other than Owner Lessor's Liens, Owner Participant's Liens and Indenture Trustee's Liens), (d) taking into account the remaining terms of the Site Lease and the Site Sublease, and (e) in the case of the Fair Market Rental Value, taking into account the terms of the Facility Lease and the other Operative Documents. If the Fair Market Sales Value or Fair Market Rental Value of the Owner Lessor's Interest is to be determined during the continuance of a Lease Event of Default or in connection with the exercise of remedies by the Owner Lessor pursuant to Section 17 of the Facility Lease, such value shall be determined by an appraiser appointed solely by the Owner Lessor on an "as-is", "where-is" and "with all faults" basis and shall take into account all Liens (other than Owner Lessor's Liens, Owner Participant's Liens and Indenture Trustee's Liens); provided, however, in any such case where the Owner Lessor shall be unable to obtain constructive possession sufficient to realize the economic benefit of the Owner Lessor's Interest, Fair Market Sales Value or Fair Market Retail Value of the Owner Lessor's Interest shall be deemed equal to $0. If in any case other than in the preceding sentence the parties are unable to agree upon a Fair Market Sales Value or Fair Market Rental Value of the Owner Lessor's Interest within 30 days after a request therefor has been made, the Fair Market Sales Value or Fair Market Rental Value of the Owner Lessor's Interest shall be determined by appraisal pursuant to the Appraisal Procedures. Any fair market value determination of a spare part or Severable Modification for purposes of Section 5.2(d) of the Facility Lease shall take into consideration any liens or encumbrances to which the spare part or Severable Modification being appraised is subject and which are being assumed by the transferee, and that such spare part or Severable Modification is being transferred on an "as-is", "where-is" basis.

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Normal cost means the annual cost attributable, under the actuarial cost method in use, to current and future years as of a particular valuation date, excluding any payment in respect of an unfunded actuarial liability.

  • Initial Valuation Date means the Issue Date, provided that if such day is not an Exchange Business Day for a Share then the Initial Valuation Date for that Share will be the first succeeding day that is an Exchange Business Day, subject to the occurrence of a Market Disruption Event. See “DESCRIPTION OF THE NOTES – Market Disruption Event” below for further detail.

  • Projected PJM Market Revenues means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6. Proportional Multi-Driver Project: “Proportional Multi-Driver Project” shall have the same meaning provided in the Operating Agreement. Pseudo-Tie:

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Commercial sexual activity means any sex act on account of which anything of value is given to, promised to, or received by any person.

  • Commercial driver s license" means:

  • Gross Fair Market Value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.

  • Current Value shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Commencement of Commercial Production means the first occurrence of Commercial Production in an Area.