Channel 5 Licence - Ofcom Licensing

5. Additional payments and contributions to the national television
archive
Section 19 of the 1990 Act
(see also Section 29 of the
1990 Act)
Channel 5 DRL
(1) The Licensee shall pay to Ofcom:-
(a) in respect of the first complete calendar year falling within
the Licensing Period, the amount of the Cash Bid, which
shall be payable by equal instalments on the penultimate
business day of each calendar month throughout that
calendar year unless the amount of the Cash Bid is equal
to or less than £100,000, in which case it shall be payable
in full on the penultimate business day of the first month of
that calendar year; and
(b) in respect of each subsequent year falling wholly or partly
in the Licensing Period, the amount of the Cash Bid as
increased by the Appropriate Percentage, which shall be
payable by equal instalments on the penultimate business
day of each calendar month throughout the relevant year
or part thereof, unless the amount of the Cash Bid as
increased by the Appropriate Percentage is equal to or
less than £100,000 in which case it shall be payable in full
on the penultimate business day of the first month of the
relevant year or part thereof.
(2) The Licensee shall pay to Ofcom in respect of each accounting
period of the Licensee falling within the Licensing Period an
amount representing the Relevant Percentage of Qualifying
Revenue.
(3) Ofcom may:-
(a) before the beginning of any accounting period of the
Licensee, estimate the amount representing the Relevant
Percentage of Qualifying Revenue for that accounting
period (and the Licensee shall pay such estimated amount
(the “Estimated Amount”) by instalments on the
penultimate business day of each calendar month
throughout that accounting period);
(b) at such times as it shall think fit revise the Estimated
Amount and adjust the instalments payable by the
Licensee to take account of any such revision; and
(c) determine that the part of the Licensee’s additional
payments calculated using the Relevant Percentage of
Qualifying Revenue and payable monthly will be based on
the preceding month’s actual qualifying revenue.
(4) (a) The Licensee shall pay to Ofcom a sum equal to the
amount (if any) by which the amount of the Relevant
Percentage of Qualifying Revenue in respect of any
accounting period of the Licensee exceeds the Estimated