Common use of Carryover Accounts Clause in Contracts

Carryover Accounts. Programmer will assume the obligation to provide advertising time on the Stations in consideration of Licensee's trade accounts in existence as of the date of this Agreement on a time available basis during the first twelve (12) months of the Term, in an amount not to exceed $10,000 worth of advertising time. Programmer will perform all of Licensee's obligations under existing long-term contracts for the sale of advertising time on the Stations that are to be performed on or after the first day of the Term and will be entitled to all the proceeds of accounts receivable pertaining to such performance.

Appears in 4 contracts

Samples: Local Programming and Marketing Agreement (Cumulus Media Inc), Local Programming and Marketing Agreement (Cumulus Media Inc), Local Marketing Agreement (Cumulus Media Inc)

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Carryover Accounts. Programmer will assume the obligation to provide advertising time on the Stations Station in consideration of Licensee's trade accounts in existence as of the date of this Agreement on a time available basis during the first twelve (12) months of the Term, in an amount not to exceed Fifteen Thousand Dollars ($10,000 15,000) worth of advertising time. Programmer will perform all of Licensee's obligations under existing long-term contracts for the sale of advertising time on the Stations Station that are to be performed on or after the first day of the Term and will be entitled to all the proceeds of accounts receivable pertaining to such performance.

Appears in 2 contracts

Samples: Local Programming and Marketing Agreement (Cumulus Media Inc), Local Programming and Marketing Agreement (Cumulus Media Inc)

Carryover Accounts. Programmer will assume the obligation to provide advertising time on the Stations in consideration of Licensee's trade accounts in existence as of the date of this Agreement on a time available basis during the first twelve (12) months of the Term, in an amount not to exceed $10,000 5,000 worth of advertising time. Programmer will perform all of Licensee's obligations under existing long-term contracts for the sale of advertising time on the Stations that are to be performed on or after the first day of the Term and will be entitled to all the proceeds of accounts receivable pertaining to such performance.

Appears in 2 contracts

Samples: Time Brokerage Agreement (Cumulus Media Inc), Time Brokerage Agreement (Cumulus Media Inc)

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Carryover Accounts. Programmer will assume the obligation to provide advertising time on the Stations in consideration of Licensee's trade accounts in existence as of the date of this Agreement on a time available basis during the first twelve (12) months of the Term, in an amount not to exceed Ten Thousand Dollars ($10,000 10,000) per station worth of advertising time, or a cumulative total of Fifty Thousand Dollars ($50,000) (taking into account both trade payables and trade receivables). Programmer will perform all of Licensee's obligations under existing long-term contracts for the sale of advertising time on the Stations that are to be performed on or after the first day of the Term and will be entitled to all the proceeds of accounts receivable pertaining to such performance.

Appears in 2 contracts

Samples: Local Programming and Marketing Agreement (Cumulus Media Inc), Local Programming and Marketing Agreement (Cumulus Media Inc)

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