Common use of Cash Accounts Receivable, Advertising and Programming Revenues Clause in Contracts

Cash Accounts Receivable, Advertising and Programming Revenues. (a) Promptly after the Effective Date, Licensee shall furnish to Programmer a list of the Accounts Receivable that arose out of the operations of the Stations as of the close of business on the day preceding the Effective Date but are due and payable thereafter. For a period of 120 days after the Effective Date, Programmer, as Licensee's agent, shall, without compensation, collect the accounts receivable for Licensee (including accounts receivable for airtime reserved by Licensee under Section 2 above). At the end of each month during the 120-day period, Programmer shall remit to Licensee the amount collected by Programmer during that month with respect to the Accounts Receivable and Programmer shall provide Licensee with a report setting for the Accounts Receivable collected by Programmer that month. Programmer shall furnish Licensee with such records and other information as Licensee may reasonably require to verify the amounts collected by Programmer with respect to the Accounts Receivable. Upon five days' prior written notice from Licensee, Programmer shall terminate all collection efforts on behalf of Licensee with respect to the Accounts Receivable specified in the notice and those Accounts Receivable shall no longer be considered Accounts Receivable for purposes of this section 9.