NR-Rated Activity definition
NR-Rated Activity means Tenant’s engaging in any activity permitted under Section 2.1 of this Lease with respect to a theatrical motion picture, television mini-series, television series, so-called MOW or other motion picture project of any kind whatsoever that shall be accorded an “NR” rating or that would most likely be accorded an “NR” rating if rated or that shall purposely be left unrated because of its explicit depiction of sex or violence. “Permitted NR-Rated Activity” shall mean Tenant’s engaging in any NR-Rated Activity in respect of any such project either produced by, produced for distribution by or actually distributed by a so-called “Major” or “Mini-Major” theatrical motion picture studio/distributor, a U.S. television network (i.e., ABC, CBS, NBC, Fox, or the CW network), or a major cable network (other than the Playboy Channel or the like) that is accorded such a rating or is left unrated for such reason (e.g., projects like-“Last Tango In Paris,” “▇▇▇▇▇▇ and ▇▇▇▇▇” or “Heavy Traffic” but not projects like “Deep Throat”). Tenant hereby represents and warrants that, at all times prior to the execution of the Lease and at all times from and after the execution of the Lease until its expiration or earlier termination, NR-Rated Activity other than Permitted NR-Rated Activity has been and will remain an insignificant part of Tenant’s business. Tenant may engage in Permitted NR-Rated Activity throughout the term of the Lease, as the same may be extended from time to time. Tenant acknowledges that a breach of the foregoing representation and warranty would be a material breach of the Lease. This Section 2.3(f) shall be further subject to such changes as Landlord may reasonably consent to following any change in the present system for rating motion pictures.