Common use of Release Commitment Clause in Contracts

Release Commitment. 1. RCA will be obligated to release each album delivered by an Artist in satisfaction of its recording commitment in the United States. 2. Each time an Artist delivers an album, AD shall provide a pre-release copy of the album to BMG. BMG shall notify AD within 60 days thereafter whether it will release such album. If BMG notifies AD that it will release the album, BMG will release the album in Canada, the EEC, Japan, and Australia ( the "Release Territories") within 120 days after the initial release of such album in the United States. Notwithstanding the foregoing, if the album concerned is submitted to BMG less than 60 days prior to its initial release date in the United States, such 120-day period will be extended by the number of days by which 60 days exceeds the number of days the album is submitted prior to the initial release date in the United States. If BMG does not release the album in any Release Territory within such time period, AD shall have the right to enter into a licensing agreement in such Territory, provided that, without the approval of RCA, (i) the foreign licensee shall not have the right to release more than the applicable album (such licensee shall also have the right to release singles derived from such album), and (ii) the foreign licensee shall not be affiliated with [***] (or any company affiliated with [***] or [***]. If BMG notifies AD that it will not release the album, AD shall have the right to cause a licensing agreement to be entered into with respect to territories outside of the United States on the terms and conditions set forth above, provided that the parties will negotiate at the time whether such license will be granted by BMG or directly by AD. Under the Label Deal, each foreign licensee not controlled by RCA shall pay [***] of