FSLLC definition
Examples of FSLLC in a sentence
To the extent that any provision of the F/SLLC Agreement conflicts with or is inconsistent with any provision of this Agreement, this Agreement shall control.
Designating Party shall provide as to each of its Designated Pictures, Certificates of Insurance naming F/SLLC and the other party to this Agreement as additional insureds with respect to a policy of producer's liability (errors and omissions) insurance in the amount of $1,000,000 per occurrence/$3,000,000 aggregate subject only to customary exclusions and deductibles not exceeding $25,000, providing for cancellation only after thirty days' advance notice to the additional insureds.
Upon the Closing (as defined in Section 1.3 of the Securities Purchase Agreement), Seven Hills and First Look shall each deposit into a single bank account of F/SLLC (the "LLC Funding Account") the sum of $2 million, resulting in an aggregate deposit of $4 million (the "Fund"), representing the capital contribution to F/SLLC by First Look and Seven Hills in accordance with Section 4.1 of the F/SLLC Agreement.
Notwithstanding the foregoing, if either party fails to meet either of the applicable deadlines as to designation or release (subject in all cases to extension for up to three (3) months if a Force Majeure Event should occur) under Section 2.2 or this Section 2.3, the Designating Party shall have thirty (30) days after written notice from another party (i.e., First Look, Seven Hills or F/SLLC) to this Agreement within which to cure said failure.
F/SLLC will prepare under the supervision of the Designating Party as to each Designated Picture reasonably detailed accountings relating to U.S. theatrical distribution thereof, including with respect to Theatrical Gross Receipts, Theatrical Distribution Costs and Theatrical Producer's Share (as defined on Exhibit A attached hereto) as to the subject Designated Picture.
All rights of every description and nature in and to and in any way connected with the musical material contained in each Designated Picture shall, as between F/SLLC and the other party, on the one hand, and the Designating Party, on the other, be vested in and owned by the Designating Party.
Any controversy, dispute or claim arising out of or relating to this contract or breach thereof, shall be settled by arbitration in accordance with Section 10.14 of the F/SLLC Agreement.
The Designating Party shall be responsible for delivery to or access by F/SLLC as to theatrical distribution of the items customarily required for U.S. theatrical distribution ("Theatrical Delivery Items").
The non-defaulting party shall fulfill any exhibition or sub-distribution contracts obtained prior to a Material Default by F/SLLC or First Look (as to Ancillary or Foreign Agency Rights) and collect gross receipts therefrom.
Except as provided in Section 2.5, no distributor other than F/SLLC with the support of First Look may be employed or used as to U.S. theatrical distribution as to any Designated Picture for which any portion of the LLC Funding Account has been used without the prior written approval of both Seven Hills and First Look.