It is the duty of Ofcom1 to draw up, and from time to time review, a statement setting out the principles to be followed in ascertaining2:
(1) the multiplex revenue3 for each accounting period of the person who is the multiplex provider4 in relation to any television multiplex service or any general multiplex service5; and
(2) the share of multiplex revenue attributable to a person in relation to any multiplex service6 for the purposes of any provision of Part I of the Broadcasting Act 19967 (either for any accounting period of the holder of the multiplex licence8 or for
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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:
The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these to the company's or individual's creditors. Office-holders have various duties and powers in order to ensure that they do this. For
The offence of causing grievous bodily harm with intentWounding or causing grievous bodily harm (GBH) with intent is triable only in the Crown Court on indictment. Elements of the offence Under the Offences against the Person Act 1861 (OATPA 1861), the prosecution must prove the defendant unlawfully
Fraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the deceived for the Fraud Act 2006
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