Examples of Special Advance in a sentence
The Network shall report each distribution made pursuant to this policy to the Compensation Committee of the Board of Urban One, Inc., along with documentation that supports the calculation of Net Income, income taxes and the Special Advance and such other information as the Compensation Committee may request from time to time.
In the event of a sale of TV One, the net cash proceeds actually received by the Company, less the Special Advance, plus or minus any agreed working capital adjustments, shall form the basis of the valuation upon which the 4.17192% award shall be calculated.
The Enterprise Value is then adjusted by additional cash contributions made by the Company to TV One, TV One’s current assets (adjusted for assets assumed in the Enterprise Value), any long term assets not included in the Enterprise Value and netted with current liabilities (adjusted for obligations considered in the Enterprise Value) and the Special Advance.
For purposes hereof, the Special Advance shall not be treated as an inter-company obligation.