Common use of Advertising and Programming Revenues Clause in Contracts

Advertising and Programming Revenues. (a) During the Programming it delivers to the Station, the Programmer shall have full authority to sell for its own account commercial spot advertising and block programming time on the Station and to retain all revenues from the sale of such advertising and programming. The parties agree that the Programmer shall have complete discretion to deal as it deems appropriate with all advertising and programming accounts relating to advertising and programming sold by it; provided, however, the Programmer shall deal with political candidate and supporter advertising as required by law. (b) All accounts receivable of Owner and the Station as of the commencement date of this Agreement shall remain the sole property of Owner and shall be collected by Owner. Any amounts received by Programmer with respect to Owner’s receivables shall be promptly remitted to Owner.

Appears in 1 contract

Sources: Asset Exchange Agreement (Salem Communications Corp /De/)

Advertising and Programming Revenues. (a) During the Programming it delivers to the StationStations, the Programmer Broker shall have full authority to sell for its own account commercial spot advertising and block programming time on the Station Stations and to retain all revenues from the sale of such advertising and programming. The parties agree that the Programmer Broker shall have complete discretion to deal as it deems appropriate with all advertising and programming accounts relating to advertising and programming sold by it; provided, however, the Programmer Broker shall deal with political candidate and supporter advertising as required by law. (b) All accounts receivable of Owner Licensee and the Station Stations as of the commencement date of this Agreement shall remain the sole property of Owner Licensee and shall be collected by OwnerLicensee. Any amounts received by Programmer Broker with respect to OwnerLicensee’s receivables shall be promptly remitted to OwnerLicensee.

Appears in 1 contract

Sources: Time Brokerage Agreement (Debut Broadcasting Corporation, Inc.)