Material Elements definition

Material Elements means the proposed director, lead actor and amount of the budget for the Qualifying Picture. LGF shall have until 5:00 p.m. on the eighth (8th) business day following provision of the First Refusal Notice by Grantor (the “Exercise Period”) to notify Grantor in writing (an “Exercise Notice”) that LGF is exercising its right to negotiate in good faith to acquire the U.S. Rights and/or the Foreign Rights. If LGF so exercises its Right of First Refusal with respect to the U.S. Rights and/or with respect to the Foreign Rights, LGF shall thereupon be obligated to negotiate with Grantor in good faith for a period of ten (10) business days (“Negotiation Period”).
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Material Elements means the proposed director, lead actor and amount of the budget for the Qualifying Picture. The Company shall have until 5:00 p.m. on the eighth (8th) business day following provision of a First Refusal Notice by Amin (the "Exercise Period") to notify Amin in writing (an "Exercise Notice") that the Company is exercising its right to negotiate in good faith to acquire the U.S. Rights and/or the Foreign Rights. If the Company so exercises its Right of First Refusal with respect to the U.S. Rights and/or with respect to the Foreign Rights, the Company shall thereupon be obligated to negotiate with Amin in good faith for a period of ten (10) business days ("Negotiation Period").
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Examples of Material Elements in a sentence

  • Material Elements of Charter and Renewal Applications Incorporated.

  • For purposes of this Agreement, a “substantial change” in the Material Elements pertaining to a Qualifying Picture shall mean (i) any change in the proposed director or lead actor or (ii) a decrease of more than 10% in amount of the proposed budget.

  • By way of clarification, in such event, Sobini would, among other things, not be require to provide a subsequent First Refusal Notice to the Company with respect to a Qualifying Picture, even if the Material Elements of such Qualifying Picture were to change substantially subsequent to the time such agreement is entered into.

  • For purposes of this Agreement, "Material Elements" shall mean the proposed director, lead actor and amount of the budget for the Qualifying Picture.

  • This Contract, the Performance Frameworks (as discussed in Material Elements of Charter and Renewal Applications Incorporated.

  • Grantor shall notify LGF in writing of any Qualifying Picture (a “First Refusal Notice”) setting forth a description of the Material Elements.