Master Toy License definition
Master Toy License means the license agreement dated as of July 1, 2001 by and between Marvel Characters, Inc and Toy Biz Worldwide Ltd. (“TBW”), as amended on February 8, 2002 and February 10, 2003, pursuant to which TBW has the right to make and sell toys based on all characters owned by the Borrower other than the Spider-Man family of characters as they appear in movies and television shows produced by Sony Pictures Entertainment, Inc., and any successor license entered into by the Borrower or its Affiliates upon the expiration or termination of the foregoing.
Examples of Master Toy License in a sentence
Licensor hereby grants to Licensee the exclusive and irrevocable Option to acquire the transferable (in whole or in part), exclusive 'Master Toy License Rights' (as hereinafter defined) in and to the Series (hereinafter referred to as "Option A").