A Channel 3 licence1 must include conditions2 requiring the licence holder3 to pay to Ofcom4 (in addition to any other fees required to be so paid)5:
(1) in respect of the first complete calendar year falling within the period for which the licence is in force6, the amount specified in his cash bid7;
(2) in respect of each subsequent year falling wholly or partly within that period, the amount so specified as increased by the appropriate percentage8; and
(3) in respect of each accounting period9 of his falling within the period referred to in head (1) above, an amount
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