Where Ofcom1 has published a notice (a 'tender notice')2 of its proposal to grant a licence under Part I of the Broadcasting Act 19963 for the provision of a multiplex service4 (a 'multiplex licence'5), it must, in determining whether, or to whom, to award the multiplex licence in question, have regard to the extent to which, taking into account the matters specified in heads (1) to (6) below, and any representations made to it in response to the tender notice6 with respect to those matters, the award of the licence to each applicant would be calculated to promote the
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This Practice Note considers claims for damages for breach of statutory duty. For guidance on claims for damages for a negligent breach of duty of care outside a statutory duty, see Practice Notes:•Negligence—when does a duty of care arise?•Negligence—when is the duty of care breached?Breach of
This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
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