DEFAULTING THEATRES Sample Clauses
The "Defaulting Theatres" clause defines the consequences and procedures that apply when a theatre fails to meet its contractual obligations, such as timely payments or performance requirements. Typically, this clause outlines the steps the other party may take in response to a default, which could include issuing a notice of default, providing a cure period, or ultimately terminating the agreement if the default is not remedied. Its core practical function is to protect the non-defaulting party by establishing clear remedies and processes for addressing breaches, thereby reducing uncertainty and encouraging compliance.
DEFAULTING THEATRES. (A) Any Theatre engaging any Actor represents that such Theatre is not in default under any agreement with Equity at the time of such engagement, and that no contract has been entered into between said Theatre and Equity or any Actor, any breach of which remains unsettled or unliquidated. For the purpose of this paragraph, the subject matter of a dispute currently in arbitration, or for which a notice of arbitration has been given, shall not be deemed an "unsettled" or "unliquidated" breach.
(B) No Actor shall work or be required by any Theatre, without the consent of Equity, to work for any person, co-partnership, corporation, enterprise or group which has failed to abide by any arbitration award or, where permitted herein, any final determination of the Council of Equity, or which, through failure to meet past obligations to Equity or its members, has been placed on Equity’s Defaulting Managers List; nor shall any Equity member work for or be employed by anyone who is or has been connected, either as an individual proprietor, general partner, associate producer, corporate director or officer, or active stockholder with any defaulting management so specified, without the consent of Equity.
(C) Should a Theatre remain in default of salaries or other monies due a member or members for a period longer than one year, the Theatre agrees that 5% interest, compounded annually, beginning one year after the default and ending when the claim is paid, shall be added to and payable as part of said claim. If a member of Equity is adjudged by the Council of Equity or an Arbitration Tribunal to be in default to a Theatre, interest will accrue on said default in the same manner as above.
DEFAULTING THEATRES. (A) Requirement to Work
(i) which has failed to abide by any settlement or arbitration award; or
(ii) which through failure to meet past obligations to Equity or its members, has been placed on Equity's Defaulting Theatres List. Without the written consent of Equity, nor shall any Equity member work for, or be engaged by, anyone who is, or has been connected with any defaulting Theatre so specified either as an individual proprietor, general partner, associate producer, corporate director, or officer, or active stockholder, without the written consent of Equity.
(B) List
DEFAULTING THEATRES. (A) Requirement to Work
(i) which has failed to abide by any settlement or arbitration award; or
(ii) which through failure to meet past obligations to Equity or its members, has been placed on Equity's Defaulting Theatres List.
(B) List
DEFAULTING THEATRES