Live Broadcast Income Definition Example

Live Broadcast Income. Means all monies actually received by NASCAR or a NASCAR Rights Affiliate pursuant to a Live Broadcast Contract and attributed by NASCAR to the Live Broadcast of NASCAR Winston Cup Series events during the calendar year in which the Event is held, reduced by any amounts that NASCAR or a NASCAR Rights Affiliate is obligated to pay to third party broadcasters pursuant to agreements relating to their broadcast and option rights for NASCAR Winston Cup Series and Busch Series events after 2000.