Billing or Accrual Basis. License fee reports will be made on a billing or accrual basis by Station, except that Station may report on a cash basis if its books have been kept on a cash basis, in which case LICENSEE shall not be entitled to the deduction referenced in Section
Billing or Accrual Basis. License fee reports will be made on a billing or accrual basis by all stations, except that any station may report on a cash basis if its books have been kept on a cash basis, in which case LICENSEE shall not be entitled to the deduction provided for in Paragraph 2.R. of the BMI-10 License, and LICENSEE shall be entitled to one-half of the deduction provided for in Paragraph 2.S of the BMI-10 License.
Billing or Accrual Basis. License fee reports will be made on a billing or accrual basis, except that You may report on a cash basis if Your books relating to Radio Group Transmissions have been kept on a cash basis in which case LICENSEE shall be entitled to one-half (1/2) of the deduction allowed by this Agreement under the definition of Revenue Subject to Fee for Radio Group Transmissions.
