Gross Annual Revenues means the annual gross receipts derived from the conduct of bingo described in division (O)(1) of this section plus the annual net profit derived from the conduct of bingo described in division (O)(2) of this section.
Gross Annual Revenues means the Cable Service revenue actually received by the Grantee from the operation of the Cable System in the Franchise Area to provide Cable Services, calculated in accordance with generally accepted accounting principles (“GAAP”). Cable Service revenue includes monthly basic, premium and pay-per-view video fees, leased access fees, advertising and home shopping revenue, installation fees and equipment rental fees. Gross Revenue shall not include refundable deposits, bad debt, late fees, investment income, programming launch support payments, advertising sales commissions, nor any taxes, fees or assessments imposed or assessed by any governmental authority.
Gross Annual Revenues means all money generated by Contractor’s operation in the Franchise Area in a particular year, before deduction for expenses.
Examples of Gross Annual Revenues in a sentence
Each payment shall be accompanied by a statement, certified as correct by a Company controller or officer, showing the factual basis for the payment, including a breakdown by category (e.g. Basic Service revenue, pay cable revenue, advertising revenue, etc.) and source of Company’s Gross Annual Revenues for the period for which payment is intended, and for the year to date.
As compensation for the rights and privileges granted by this Franchise Agreement, Company shall pay to Grantor a franchise fee of five percent (5%) of Company’s Gross Annual Revenues under this Franchise Agreement.
Company shall at all times maintain complete and accurate books of account and records of its business and operations and all other records required by this Franchise Agreement, shall allow Grantor to inspect and/or audit all Gross Annual Revenues records upon not less than seven working days’ notice, and shall allow Grantor to inspect such other records as are required to be maintained, provided that any audit of financial records shall be limited to the most recent two years.
More Definitions of Gross Annual Revenues
Gross Annual Revenues means consideration of any form or kind for the provision of Cable Services over the Cable System including, without limitation: the distribution of any Service over the System; Basic Service monthly fees; all Premium Service and Pay-Per-View revenues; all other Service fees; installation, reconnection, downgrade, upgrade and any similar charges; interest collected on Subscriber fees and/or charges; fees paid on all Subscriber fees; revenues received from all Internet and/or Cable Modem Services (pursuant to applicable law); all Commercial Subscriber revenues; fees paid for channels designated for commercial use; all home-shopping revenues; Converter, remote control and other equipment rentals, and/or leases or and/or sales; studio and other facility and/or equipment rentals; advertising revenues; and all other revenue(s) derived by the Licensee from the sale of products in any way advertised or promoted on the Cable System. In the event that an Affiliate and/or any other Person is responsible for advertising, advertising revenues shall be deemed to be the pro-rata portion of advertising revenues, paid to the Cable SystembyanAffiliate or such other Person for said Affiliate's or other Person’s use of the Cable System for the carriage of advertising. Gross Annual Revenues shall also include the Gross Revenue of any other Person which is derived directly or indirectly from or in connection with the operation of the Cable System to the extent that said revenue is derived, through a means which has the effect of avoiding payment of License Fees to the Town that would otherwise be paid herein. It is the intention of the parties hereto that Gross Annual Revenues shall only include such consideration of Affiliates and/or Persons relating to Signal carriage over the Cable System and not the gross revenues of any such Affiliate and/or Person itself, where such revenue is unrelated to such Signal carriage. Gross Annual Revenue shall not incluide actual bad debt that is written off, consistent with GAAP princiles; provided, however,that all or any part of such actual bad debt that is written off, but subsequently collected, shall be included in Gross Annual Revenues ind the period so collected.
Gross Annual Revenues. All revenue received by Franchisee from operation of the Cable System to provide Cable Service within the Town of Cape Xxxxxxxxx, including but not limited to subscriber cable service charges, installation revenues (including, among other things, reconnection and second set), equipment charges, advertising revenues as prorated to include those attributable to home shopping revenues and any other revenues from the operation of the cable television system to provide Cable Service in the Town of Cape Xxxxxxxxx; provided, however, that gross annual revenues shall not include franchise fees, and to the extent consistent with Generally Accepted Accounting Principles, adjustments to cash receipts and non-operating cash receipts for bad debts, refunds, credit adjustments, returned checks and asset sales when such sales do not occur in the ordinary course of business.
Gross Annual Revenues means any and all compensation in whatever form, grant, subsidy, exchange, or otherwise, directly or indirectly received by Grantee for services provided to subscribers within the franchise territory but excludes the following: taxes Grantee is required to separately state and collect from subscribers; commissions paid on advertising sales revenues; amounts received from programmers as reimbursement of marketing expenses and launch fees,
Gross Annual Revenues means any and all compensation in whatever form, grant, subsidy, exchange, or otherwise, directly or indirectly received by Grantee for services provided to subscribers within the franchise territory but excludes the following: taxes Grantee is required to separately state and collect from subscribers; commissions paid on advertising sales revenues; amounts received from programmers as reimbursement of marketing expenses and launch fees, and PEG access capital support collected by the Grantee from subscribers if permitted by federal or state law. Except as expressly set forth in this definition, Gross Revenues shall be calculated in accordance with generally accepted accounting principles.
Gross Annual Revenues means revenues of the Partnership from all sources during any given year, including, without limitation, the proceeds of the sale of Production Interests.
Gross Annual Revenues means all revenue derived directly or indirectly by the company, its affiliates, subsidiaries, parent, and any person in which the company has a financial interest, from or in connection with the operation of the cable communications system governed by this ordinance; provided, however, all revenues shall include, but not be limited to, basic subscriber service, monthly fees, pay cable fees, installation and reconnection fees, leased channel fees, converter rentals, income earned from deposits (but not deposits themselves), studio rental, production equipment, personnel fees, and advertising revenues; however, this shall not include any taxes on services furnished by the company herein imposed directly upon any subscriber or user by the state, city or other governmental unit and collected by the company on behalf of said governmental unit. A reasonable amount may be deducted by company from gross annual revenues to reflect uncollectible accounts. Uncollectible accounts shall be determined by the company's independent auditors, applying generally accepted accounting principles. The city shall have the right to conduct an independent audit of all transactions resulting in deductions from company's gross revenues, to determine whether or not said deductions are consistent with the terms and conditions of this provision. Said audit will be conducted in accordance with the provisions of Article II, section 13. Company shall fully cooperate with city and shall provide city with all information, books, data and other records required by city to perform an audit.
Gross Annual Revenues. Any and all revenues received by Company, its Affiliates, subsidiaries, Parents and any Person or entity in which Company or any such Affiliate, subsidiary or Parent has a financial interest, directly or indirectly (collectively called ‘‘affiliated entities”), from Subscribers, advertisers or other users of the system in connection with the operation of the Cable System to provide Cable Service within the Town of Brunswick, including but not limited to revenues from Subscribers or users in payment for programs received and/or transmitted, pay and subscription TV, fees paid for pay and/or pay-per-view services and optional programs, charges for connection, disconnection, reinstatement, downgrade, upgrade and any other similar fees, fees paid for channels designated for commercial use, advertising revenue (net of agency fees), all home-shopping service(s) revenues, rentals of Local Origination facilities, rentals of converter boxes, remote control units and other equipment, revenues from channel leasing; excluding any taxes other than franchise fees on services furnished by Company imposed directly on any Subscriber or user by any governmental unit and collected by Company for such governmental unit. In the event that an Affiliate is responsible for advertising, advertising revenues shall be deemed to be the pro-rata portion of advertising revenues, paid to the Cable System by an Affiliate for said Affiliate’s use of the Cable System for the carriage of advertising. If, during the term of this Franchise Agreement, federal law is amended, or interpreted by the FCC or a court of competent jurisdiction, which decision is a final order not subject to further appeal, to permit local franchise authorities to collect franchise fees on revenues Company or its Affiliate collects for the provision of cable modem service in Brunswick, then beginning sixty (60) days after the effective date of such amendment or interpretation, Gross Annual Revenues shall include such revenues related to cable modem service. Revenues collected prior to the effective date shall not be subject to franchise fees. Gross Annual Revenues shall not include security deposits paid to Company by Subscribers or refunds, credits, or revenues from the sale of equipment or revenues from telephony or telecommunications services. It is the intention of the parties hereto that Gross Annual Revenues shall only include such consideration of Affiliates and/or Persons relating to Cable Service over the Cable...