Common use of Existing Library Clause in Contracts

Existing Library. Licensor licenses to PTVI all of the programs comprising the Existing Playboy Library. To the extent the Existing Playboy Library includes Acquired Movies, such Movies will be licensed to the appropriate Spice Rights Subsidiary. Rights in the Existing Spice Library and in the Existing U.K. Library in the Media throughout the Territory have been provided to PTVI through its acquisition of the Spice Rights Subsidiaries and the U.K. Subsidiaries. Licensor represents and warrants that the Existing Library consists of all programs for which Licensor (and/or its Affiliates) owns rights in the Media in the Territory as of the date hereof, except for the series known as "Hot Rocks" (which series or the individual programs thereof may not be licensed by Licensor or its Affiliates to third parties for exhibition in the Territory), including (but not limited to) "Playboy"-branded programs, "Spice"-branded programs, adult films licensed by Licensor, and any other programming, including the Wallpaper (as described in Section 2.1(c)). For clarity, the parties acknowledge that the Existing Playboy Library includes all programs produced or acquired by Licensor and/or its Affiliates pursuant to Licensor's 1998 production budget, the Existing Spice Library includes all programs (other than programs which are part of the Existing U.K. Library) that Licensor (or its Affiliates) acquired in the Spice Transaction, and the Existing U.K. Library includes all programs that Licensor (or its Affiliates) acquired through the U.K. Subsidiaries . In the event PTVI wishes to exploit any program for which Licensor has disclosed it, the Spice Rights Subsidiaries, or the U.K. Subsidiaries does not have all ancillary rights necessary for such exploitation, Licensor will employ commercially reasonable best efforts to secure the necessary rights.

Existing Library. Licensor licenses to PTVI all of the programs comprising the Existing Playboy Library. To the extent the Existing Playboy Library includes Acquired Movies, such Movies will be licensed to the appropriate Spice Rights Subsidiary. Rights in the Existing Spice Library and in the Existing U.K. Library in the Media throughout the Territory have been provided to PTVI through its acquisition of the Spice Rights Subsidiaries and the U.K. Subsidiaries. Licensor represents and warrants that the Existing Library consists of all programs for which Licensor (and/or its Affiliates) owns rights in the Media in the Territory as of the date hereof, except for the series known as "Hot Rocks" (which series or the individual programs thereof may not be licensed by Licensor or its Affiliates to third parties for exhibition in the Territory), including (but not limited to) "Playboy"-branded programs, "Spice"-branded programs, adult films licensed by Licensor, and any other programming, including the Wallpaper (as described in Section 2.1(c)). For clarity, the parties acknowledge that the Existing Playboy Library includes all programs produced or acquired by Licensor and/or its Affiliates pursuant to Licensor's 1998 production budget, the Existing Spice Library includes all programs (other than programs which are part of the Existing U.K. Library) that Licensor (or its Affiliates) acquired in the Spice Transaction, and the Existing U.K. Library includes all programs that Licensor (or its Affiliates) acquired through the U.K. Subsidiaries Subsidiaries. In the event PTVI wishes to exploit any program for which Licensor has disclosed it, the Spice Rights Subsidiaries, or the U.K. Subsidiaries does not have all ancillary rights necessary for such exploitation, Licensor will employ commercially reasonable best efforts to secure the necessary rights.***