Common use of Prepayment for One Year, Single Advertiser, Single Brand, Unlimited Commercial Announcements Clause in Contracts

Prepayment for One Year, Single Advertiser, Single Brand, Unlimited Commercial Announcements. Unlimited commercial announcements may be made for a single advertiser, for a single brand, in a single session for use on National TV or Radio, but not both, if it is so designated in advance on the contract and advanced payment is made at five hundred percent (500%) of the basic fee for all services performed on the contract. Subsequent one (1) year cycles shall be payable in advance at the same fee.