Completion Guarantor definition
Examples of Completion Guarantor in a sentence
The licensing or other acquisition and cost of any Pre-Existing Material for use in the Film shall be at the sole discretion of Completion Guarantor if Completion Guarantor shall take over Production and Delivery.
In such event, Producer (to the extent of proceeds of all Production Advances, including the Contingency, then-remaining available) or otherwise Completion Guarantor will promptly pay or cause to be paid the amount of any applicable Accelerated Interest and Charges to Beneficiary.
The Cost Exclusions and any expenditures relating thereto are excluded from coverage under the Completion Guaranty and Completion Guarantor assumes no obligation, makes no guaranty, and shall have no liability therefor.
If Producer or the director shall select any Pre-Existing Material that cannot be licensed or otherwise acquired at a total cost not to exceed the Pre-Existing Material Budget, then Completion Guarantor may require Producer to use alternative Pre-Existing Material unless Producer or a person other than Completion Guarantor shall pay for any such excess costs.
This exclusion shall not prejudice any obligation of Completion Guarantor hereunder to pay any Arbitration Costs or Attorneys’ Fees and Costs, as the case may be.