Common use of Billing or Accrual Basis Clause in Contracts

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 Stationall stations, except that Station 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 referenced in SectionSection 2.J of this Agreement.