ADDITIONAL REGULAR SEASON PROGRAMS Sample Clauses

ADDITIONAL REGULAR SEASON PROGRAMS. A. Provided that TRV is not in material breach of this Agreement, TRV shall have five (5) consecutive, dependent, exclusive options (each, an "Option"), exercisable in TRV's discretion, to require Producer to produce and deliver to TRV, additional seasons of the Program (each, a "Season") of thirteen (13) Episodes per Season (each, an "Additional Series Order", subject to Paragraph 7 below. TRV's Option for each Season expires on the date sixty (60) days prior to the date (the "Option Exercise Deadline") of commencement of production on the first poker tournament of the immediately following Season (the "Season Commencement Date") provided that Producer has informed TRV in writing of the Season Commencement Date at least one hundred and eighty days (180) prior to the Season Commencement Date. If Producer does not inform TRV of the Season Commencement Date at least one hundred and eighty days (180) prior to the Season Commencement Date, TRV shall have an extension on its Option Exercise Deadline equal to the number of days that notification of the Season Commencement Date is delayed (e.g., If the Season Commencement Date notification is ten (10) days late, the Option Exercise Deadline shall be moved to a date which is fifty (50) days prior to the Season Commencement Date). TRV may exercise the Option by notifying Producer in writing of its intention to exercise the Option on or before the Option Exercise Deadline. If TRV elects not to exercise the Option, or if TRV fails to exercise the Option by notifying the Producer in writing prior to or on the Option Exercise Deadline, then Producer shall have no further obligations to TRV with respect to subsequent Seasons, unless otherwise set forth herein, and TRV shall have no further rights with respect to subsequent Seasons, unless otherwise set forth herein. If an Option is exercised by TRV, all of the terms and conditions of this Agreement shall be equally applicable to each and all of the Episodes constituting the Additional Series Order and shall govern the respective rights, duties and obligations of the parties hereto with respect to each and all Additional Series Orders, except only as follows: (i) The applicable Treatment, Production Schedule, Program Materials and Payment Schedule for the Additional Series Orders shall be subject to TRV's approval with respect to each Additional Series Order; provided however in the event TRV requires changes in the Program Materials set forth in Exhibit D in such a mann...