Equivalent Subscribers means, with respect to any System, as of any date of determination, the sum of: (A) the number of Basic Subscribers served by such System as of such date; (B) the number of Basic Subscribers represented by the Bulk Subscribers served by such System as of such date, which number shall be calculated for full basic cable service provided by such System by dividing (1) the monthly billxxxx xxxributable to such System's Bulk Subscribers for full basic cable service provided by such System for the calendar month immediately preceding the date on which such calculation is made, by (2) the full, non-discounted monthly rate charged by such System for full basic cable service (excluding pass-through charges for sales taxes, line-itemized franchise fees, fees charged by the FCC and other similar line-itemized charges); and (C) the number of equivalent Basic Subscribers represented by the "Student Subscribers" of the Renaissance Companies as of the date of determination, which number will be determined as set forth on Exhibit A. For purposes of the foregoing, monthly billxxxx xxxll exclude billxxxx xxx a la carte or optional service tiers and for premium services, pass-through charges for sales taxes, line-itemized franchise fees, fees charged by the FCC and other similar line-itemized charges, and nonrecurring charges or credits which include those relating to installation, connection, relocation and disconnection fees and miscellaneous rental charges for equipment such as remote control devices and converters.
Equivalent Subscribers means, with respect to any System, as of any date of determination, the sum of: (A) the number of Basic Subscribers served by such System as of such date; (B) the number of Basic Subscribers represented by the Bulk Subscribers served by such System as of such date, which number shall be calculated for full basic cable service provided by such System by dividing (1) the monthly billings attributable to such System's Bulk Subscribers for full basic cable service provided by such System for the calendar month immediately preceding the date on which such calculation is made, by (2) the full,
Equivalent Subscribers means, with respect to the Systems, as of any date of determination, the sum of: (A) the number of Basic Subscribers served by the Systems as of such date; and (B) the number of Basic Subscribers represented by the Bulk Subscribers served by the Systems as of such date, which number shall be calculated for "Full Programming Service" (as such term is used on the Systems' rate cards) provided by the Systems by dividing (1) the monthly billings attributable to the Systems' Bulk Subscribers for Full Xxxxxxxxing Service provided by the Systems for the calendar month immediately preceding the date on which such calculation is made, by (2) the full, non-discounted retail monthly rate charged by the Systems for Full Programming Service as set forth on the Systems' rate cards (excluding pass-through charges for sales taxes, line-itemized franchise fees, fees charged by the FCC and other similar line-itemized charges). For purposes of the foregoing, monthly billings shall exclude billings for a la carte or optional servicx xxxxx and for premixx xxxxxces, pass-through charges for sales taxes, line-itemized franchise fees, fees charged by the FCC and other similar line-itemized charges, and nonrecurring charges or credits which include those relating to installation, connection, relocation and disconnection fees and miscellaneous rental charges for equipment such as remote control devices and converters.
Examples of Equivalent Subscribers in a sentence
For purposes of this Agreement, "Closing Equivalent Subscribers" means the total number of Equivalent Subscribers for all of the Systems as of the Closing Date.
The Cash Consideration shall be decreased by the number, if any, by which the number of Closing Equivalent Subscribers is less than 130,645 multiplied by $3,513.
The Preliminary Closing Statement shall be prepared by Holdings in good faith and shall be certified by Holdings to be its good faith estimate of the Closing Net Liabilities and Closing Equivalent Subscribers as of the date thereof.
If Buyer does not agree with the Closing Net Liabilities, Closing Equivalent Subscribers or Cash Consideration set forth in the Preliminary Closing Statement, then on or prior to the third day prior to the date scheduled for the Closing, Buyer may deliver to Holdings a written report (the "Preliminary Dispute Notice") setting forth in reasonable detail Buyer's good faith estimates (supported by substantial evidence) of any amount set forth in the Preliminary Closing Statement with which Buyer disagrees.
If on the Closing Date the actual number of aggregated Equivalent Subscribers and the actual Monthly Revenue for (i) each of the transactions comprising the Aggregated Systems, and (ii) the Aggregated Systems as a whole, meet or exceed the minimum stipulated and aggregated levels for Equivalent Subscribers and Minimum Monthly Revenue, as the case may be, then the Purchase Price and the portion thereof payable to Seller under Section 3.1.1 shall not be adjusted.
More Definitions of Equivalent Subscribers
Equivalent Subscribers means, with respect to any System, as of any date of determination, the sum of: (A) the number of Basic Subscribers served by such System as of such date; (B) the number of Basic Subscribers represented by the Commercial Bulk Subscribers served by such System as of such date, which number of Commercial Bulk Subscribers shall be calculated by dividing (1) the monthly xxxxxxxx attributable to such System's Commercial Bulk Subscribers for full basic cable service provided by such System for the calendar month immediately preceding the date on which such calculation is made, by (2) the full, non-discounted monthly rate charged by such System for full basic cable service (excluding pass-through charges for sales taxes, line-itemized franchise fees, fees charged by the FCC and other similar line-itemized charges); and (C) the number of Basic Subscribers represented by the Residential Bulk Subscribers served by such System as of such date, which number of Residential Bulk Subscribers shall be calculated by determining the number of individual dwelling units in such Residential Bulk Subscriber (e.g., for an apartment building, the number of individual apartments in such building) as of such date. For purposes of the foregoing, monthly xxxxxxxx shall exclude xxxxxxxx for a la carte or optional service tiers and for premium services, pass-through charges for sales taxes, line-itemized franchise fees, fees charged by the FCC and other similar line-itemized charges, and nonrecurring charges or credits which include those relating to installation, connection, relocation and disconnection fees and miscellaneous rental charges for equipment such as remote control devices and converters.
Equivalent Subscribers means, with respect to the CATV System, the sum of (a) the number of Basic Subscribers and (b) the number of Equivalent Billing Units.
Equivalent Subscribers means, with respect to any System as of any date, the sum of: (A) the number of Basic Subscribers served by such System as of such date; and (B) the number of Basic Subscribers represented by the Bulk Subscribers served by such System as of such date, which number shall be calculated for each class of service provided by such System by dividing (1) the monthly billxxxx xxxributable to such System's Bulk Subscribers for each such class of service provided by such System for the calendar month immediately preceding the date on which such calculation is made, by (2) the full, non-discounted monthly rate charged by such System for such class of service, respectively (excluding pass-through charges for sales taxes, line-itemized franchise fees, fees charged by the FCC and other similar line-itemized charges). For purposes of the foregoing, monthly billxxxx xxxll exclude billxxxx xxx a la carte or digital service tiers and for premium services, pass-through charges for sales taxes, line-itemized franchise fees, fees charged by the FCC and other similar line-itemized charges, and nonrecurring charges or credits which include those relating to installation, connection, relocation and disconnection fees and miscellaneous rental charges for equipment such as remote control devices and converters.
Equivalent Subscribers means, with respect to the CATV Systems, the sum of:
(a) the number of single family households (exclusive of "additional outlets" or "second connects" and "pending disconnects," as such terms are commonly understood in the CATV industry) subscribing to Basic Package Services of the CATV Systems and paying the full or senior citizen monthly price for such services in accordance with standard rates generally charged by Seller throughout the CATV Systems, provided, that no part of the account exceeding the lesser of 5% or $5 of the total monthly billxxxx xx more than sixty (60) days past due from the original due date as stated on such billing, and provided further, that such households have paid at least one (1) month's payment for Basic Package Services in full without discount and all installation charges billed therefor; and
(b) the number obtained by dividing (i) the aggregate amount billed by Seller to Seasonal Subscribers over the twelve month period immediately preceding the Closing Date for Basic Package Services (excluding Pay-TV Services, installation, re-connection and other non-recurring charges), by (ii) the product of (A) the full monthly rate charged to single family households in the CATV Systems for Basic Package Services, multiplied by (B) twelve; provided, that no part of the account of any Seasonal Subscriber exceeding the lesser of 5% or $5 of the total monthly billxxxx xx more than sixty (60) days past due from the original due date as stated on such billing; and
(c) the number of Equivalent Billing Units.
Equivalent Subscribers means, as of the Measurement Date, the sum of:
Equivalent Subscribers means, with respect to the CATV Systems, the sum of:
(a) the number of single family households (exclusive of "additional outlets" or "second connects" and "pending disconnects," as such terms are commonly understood in the CATV industry) subscribing to Basic Package Services of the CATV Systems and paying the full or senior citizen monthly price for such services in accordance with standard rates generally charged by Seller throughout the CATV Systems, provided, that no part of the account exceeding the lesser of 5% or $5 of the total monthly billxxxx xx more than sixty (60) days past due from the original due date as stated on such billing, and provided further, that such households have paid at least one (1) month's payment for Basic Package Services in full without discount and all installation charges billed therefor; and
(c) the number of Equivalent Billing Units.
Equivalent Subscribers means, as at any date of determination thereof, the total number of equivalent households served on a bulk-billing or commercial account basis which shall be deemed equal to the quotient obtained by dividing (a) the total fees and charges billed by the Borrowers or their respective Subsidiaries during the month ended on (or most recently ended prior to) such date on a bulk-billing or commercial account basis, by (b) the average standard monthly service fees and charges that Basic Subscribers of the type described in clause (a) of the definition of such term in this Section 1.1 were billed during such month by the Borrowers or their respective Subsidiaries, provided that such term shall not include any equivalent household served on a bulk-billing or commercial account basis whose account is more than 60 days past due on such date or which has not paid for at least one month's service.