Platinum's Excluded Properties Sample Clauses

Platinum's Excluded Properties. The following properties and/or rights shall not be subject to Dimension's "first look" hereunder: (i) any property which Platinum has developed, is developing or hereafter develops at its U.S. (currently ▇▇▇▇▇▇▇ Hills) offices, specifically including, without limitation, any property created by or with ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ (e.g., "Cowboy & Aliens", "Ghosting", etc.). (ii) any rights in any properties previously sold by Platinum to third parties (e.g., if Platinum reserved sequel, remake and/or other rights in connection with the sale of "Cowboys and Aliens", such rights are not subject to the first look hereunder). (iii) any property in which Platinum obtains any rights as a result of a pending settlement with Crossroads Entertainment (and certain affiliated companies) and ▇▇▇ ▇▇▇▇▇▇▇ and certain affiliated companies. (iv) The property currently entitled "▇▇▇▇▇▇ Y". (v) Up to eight (8) properties in each of the Initial Term, the Second Term and the Third Term (all as defined below, and if and to the extent applicable) which Platinum may designate, in its sole discretion, as a property to be developed as a high-budget motion picture (i.e., with a Platinum proposed production budget of at least $30 Million Dollars) ("High Budget Project(s)"), provided that Platinum shall first present such High Budget Project(s) to Dimension hereunder with Platinum's rough budget proposal (which shall be confirmed in writing by Platinum promptly after such presentation), and the following shall apply: (a) if Dimension is not prepared to contractually commit to acquiring/developing/producing the applicable High Budget Project in accordance with Platinum's budget proposal (or at a higher budget) within the Dimension Response Period, then Platinum shall be free to develop, produce and exploit said High Budget Project(s) with one or more third parties without any further obligation to Dimension whatsoever. (b) if Dimension is prepared to contractually commit to acquiring/developing/producing the applicable High Budget Project in accordance with Platinum's budget proposal (or at a higher budget) within the Dimension Response Period, the parties will negotiate in good faith the terms and conditions thereof for a period of- 10 business days (which 10 business day negotiation period shall commence no later than the last day of the Dimension Response Period). If the parties cannot agree on such terms and conditions within said 10 business days, then Platinum shall be free to dev...