Basis of determination of Carriage fee Sample Clauses

Basis of determination of Carriage fee. The basis for determining the carriage fee is the fundamental element of cost that the MSO has incurred in setting up a digital addressable system for its cable television networks more particularly mentioned as hereunder:- The Cost has been divided into two broad categories:
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Basis of determination of Carriage fee. The Carriage fees shall be calculated by multiplying the Rate with the Current Monthly Opening Subscriber level report i.e. number of active STBs as per MSO’s SMS. Carriage fees shall be paid against a Tax Invoice. MSO shall provide the Monthly Opening Subscriber Level report i.e. number of active STBs as per SMS of the Current month along with the Tax invoice at the beginning of the Current Month and payment to be made within 15 days of receipt of the invoice. The Carriage Fees shall be payable, by way of Cheque/s or Demand Draft/s or Bankers Cheque/s in favour of "Digicable Network (India) Private Limited" at its regional office or any other place as may be specified by MSO from time to time. It is hereby agreed and acknowledged by Broadcaster/Authorized Distributor that timely payment of the Carriage Fees shall form the essence of this Agreement. In the event of any delay in the payment of the Carriage Fees, interest at the rate of 18% p.a. shall be payable by Broadcaster/Authorized Distributor to MSO for each day of default/ delay. Further for such default, MSO shall have the right to forthwith suspend the carriage of the Channels after giving twenty one days notice as per TRAI interconnect regulation to correct the breach and such suspension shall be notwithstanding MSO’s right to claim the entire Carriage Fees and this shall be without prejudice to its other rights in law and under this Agreement. This Clause shall survive termination of the Agreement.
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Related to Basis of determination of Carriage fee

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