Commercially Satisfactory definition

Commercially Satisfactory. Any Recording(s) required to be Delivered hereunder shall not be considered satisfactory unless in Company's reasonably applied business judgment: (i) it is technically satisfactory for Company's requirements for the manufacture and sale of records; (ii) it embodies performances by Artist that are "first class" (as the term is generally understood in the record industry); and (iii) it is at least of the same quality, and of the same style of music, as Artist's prior recorded performances previously released pursuant to the terms of this agreement; provided, however, for the purpose of this subparagraph (iii) only, in the case of the First Album, such Recording(s) shall be of at least the same quality, and of the same style of music, as Artist's demonstration recordings submitted to, and reviewed by, Company.
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Related to Commercially Satisfactory

  • Commercially Reasonable or “Commercially Reasonable Efforts” means, with respect to any action required to be made, attempted or taken by a Party under this Agreement, the level of effort in light of the facts known to such Party at the time a decision is made that: (a) can reasonably be expected to accomplish the desired action without a material increase in costs incurred by such Party; (b) is consistent with Prudent Industry Practices; and (c) takes into consideration the amount of advance notice required to take such action, the duration and type of action and the competitive environment in which such action occurs.

  • Commercially Reasonable Efforts means [***].

  • Contractor Commercially Sensitive Information means the information listed in the Contractor Commercial Sensitive Information Annex to the Contract being information notified by the Contractor to the Authority which is acknowledged by the Authority as being commercially sensitive information.

  • Commercially Useful Function means responsibility for the execution of a distinct element of the work of the contract, which is carried out by actually performing, managing, and supervising the work involved, evidencing the responsibilities and risks of a business owner such as negotiating the terms of (sub)contracts, taking on a financial risk commensurate with the contract or its subcontract, responsibility for acquiring the appropriate lines of credit and/or loans, or fulfilling responsibilities as a joint venture partner as described in the joint venture agreement.

  • Commercially Sensitive Information means the Information (i) listed in the Commercially Sensitive Information Schedule; or (ii) notified to the Authority in writing (prior to the commencement of this Contract) which has been clearly marked as Commercially Sensitive Information comprised of information: