Examples of Managed Station in a sentence
Corporate overhead shall not be a reimbursable expense except to the extent corporate overhead has been historically treated as an operating expense for each Managed Station respectively and has been included as part of the calculation of broadcast cash flow for such Managed Station as shown in the Form S-4 Registration Station filed by Argyle with the Securities and Exchange Commission on July 30, 1997.
As used herein, “broadcast cash flow” is defined, for each Managed Station respectively, as station operating income, plus depreciation and amortization of program rights, minus program payments and adjusted for any non-cash compensation expense.
Corporate overhead shall not be a reimbursable expense except to the extent corporate overhead has been historically treated as an operating expense for each Managed Station respectively and has been included as part of the calculation of broadcast cash flow for such Managed Station as shown in the Form S-4 Registration Station filed by the Company with the Securities and Exchange Commission on July 30, 1997.
Graphically, it is that point when the desired saving level equals the desired level of investment in the economy.