P&A Costs definition

P&A Costs means, with respect to a Funded Qualifying Project that is a motion picture, the aggregate of the following costs, which costs shall be actual out-of-pocket costs paid or payable within ***** or incurred not later than ***** after the date of the first theatrical release: all prints, marketing, advertising, promotion and publicity costs incurred in the exercise by Distributor of the theatrical distribution rights in such Funded Qualifying Project (i) in the United States; and (ii) for any other territory in which Distributor directly distributes such Funded Qualifying Project.

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P&A Costs means all marketing, advertising, publicity, promotion and releasing costs, charges and expenses incurred in connection with the theatrical release of the Picture, including, without limitation, the cost to test the Picture, buy media, rate the Picture, create prints, television spots, trailers, posters and all other artwork, and P&A Costs expressly exclude any TWC overhead). Provided that the Conditions Precedent have been satisfied, TWC shall exploit the Theatrical Rights in each Picture pursuant to the Media Plan, P&A Budget and P&A Cashflow for such Picture, including, without limitation, (i) booking theaters (including so-called “holdovers”) and buying media for each Picture, (ii) collecting from, and settling with, exhibitors using TWC’s reasonable good faith commercial efforts to obtain settlement rates favorable to Licensor; (iii) using reasonable good faith commercial efforts to place posters and trailer for the Pictures in theaters that will be exhibiting the Pictures; (iv) discussing box office reports and TWC’s analysis of same with Licensor using TWC’s good faith business judgement; (v) having weekly conference calls and/or meetings with Licensor to discuss distribution matters related to the Eligible Pictures and Pictures; and (vi) using TWC’s reasonable good faith commercial efforts to provide Licensor with prompt access to the relevant information contained in TWC’s real-time computerized box-office reporting and NRG tracking. For the avoidance of doubt, TWC shall not be required under any circumstances to expend funds out of pocket or on TWC’s own account for the distribution of any Picture.

P&A Costs costs in connection with (a) manufacturing additional advertising materials; and (b) advertising, publicising and promoting the Pictures “P&A Fee” 7% of the P&A Costs “PAPC” Perfect Advertising & Production Company Limited, a company incorporated in Hong Kong and a subsidiary of eSun “Picture(s)” any feature motion picture: (a) financed wholly or partially, and/or produced or co-produced by company in the Group (to the extent that MAFD owns and controls, without encumbrance of any nature, the Theatrical Rights of the Pictures in the Territory); and (b) which MAFD or a company in the Group owns and controls the Theatrical Rights of the Pictures in the Territory and as advised by MAFD at its sole discretion from time to time

Examples of P&A Costs in a sentence

• The Master Distributor hereby agrees to pay (subject to the prior receipt of sufficient funds therefor from MVL) or cause one or more Subdistributors to pay for all P&A Costs and Expenses for each Completed Film in the minimum amounts for such Completed Film set forth in the applicable Studio Distribution Agreement.

• The P&A Cost Payment Security may be drawn against solely in the event that Buyer fails to reimburse P&A Costs in accordance with this Agreement, and it shall not be used by Venoco in lieu of, or in supplement to, the Performance Security or for any other purpose.

• The Parties shall undertake to agree on the final Actual P&A Costs no later than the sixtieth (60th) day after delivery of the P&A Statement.

• From time to time, Venoco shall submit invoices for P&A Costs, supported by appropriate backup documentation, and Buyer shall reimburse to Venoco fifty percent (50%) of the amount of each such invoice (to such account as Venoco may specify) within thirty (30) Days after presentation of such invoice.

• Venoco shall promptly refund the balance of such drawn funds upon the earlier to occur of (i) Buyer's replacement of the P&A Cost Payment Security, or (ii) the date that all sums (including any interest and other costs) that are due and owing by Buyer to Venoco in respect of the reimbursement of P&A Costs have been paid in full, but in no event sooner than the Closing.

• Buyer hereby agrees that Buyer shall pay, or reimburse Venoco for, all P&A Costs.

• Unless otherwise agreed by MAFD, the budget of P&A Costs plus the P&A Fee shall be capped at the maximum sum of HK$2,500,000 for each Picture.

• The Prior P&A Costs relate to facilities now or previously located on the areas designated as Brazos ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇▇ Block ▇-▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Block 155 (the “P&A Properties”).

• The parties shall then deliver joint instructions to the Escrow Agent to deliver to Buyer such portion of the Escrow Amount sufficient to cover the P&A Costs claimed by Buyer.

• Venoco shall deposit and hold all funds so drawn in a separate Venoco account to be maintained for the benefit of Buyer, with such funds to be applied only against sums due and owing by Buyer in respect of the reimbursement of P&A Costs as and when such sums become due at Closing.

More Definitions of P&A Costs

P&A Costs is defined in Section 2.8(a) of this Agreement.

P&A Costs is defined in Section 3.4 of this Agreement.

P&A Costs collectively, costs in connection with manufacturing additional advertising materials, and costs in connection with advertising, publicizing and promoting the Pictures, including without limitation any marquee fees;