Participations and Residuals definition

Participations and Residuals means each Borrower’s or Receivables Sub’s share of any profit participations and other contingent compensation, including royalties, deferments and guild residuals, payable by the Receivables Sub or any Borrower with respect to a Library Title.
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Participations and Residuals means any (i) profit participation related to the Exploitation of any Film Rights and (ii) residual payments due to creative artists or Guilds on account of the Exploitation of the Film Rights, except for payments due in connection with music licensing contemplated in Section 4.14(a).
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Examples of Participations and Residuals in a sentence

  • With respect to all Covered Pictures acquired by Purchaser, Purchaser acknowledges and agrees that it shall have and shall discharge (when and as they become due and payable) all obligations with respect to the payment of Participations and Residuals.

  • For avoidance of doubt, no party hereunder shall have any obligations under this Section 6.12 for any Participations and Residuals that become due and payable as a result of events occurring after the tenth (10th) anniversary of the Closing.

  • Buyer shall provide reasonable access to Buyer’s and the Company’s employees, books and records and other relevant information required to enable Seller to discharge promptly when due the Participations and Residuals.

  • Following a Notice of termination, FilmCo agrees to abide by and honor the terms of any subdistribution agreement entered into by Distributor prior to the date of such Notice of termination, subject to all the rights and remedies contained therein in the event of a subdistributor’s breach, and FilmCo shall be solely liable for payment of Third Party Participations and Residuals accrued but unpaid prior to the Notice of termination and payable or accruing after the Notice of termination.

  • 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 all Participations and Residuals in respect of each Completed Film.

  • Seller shall discharge each of the Participations and Residuals promptly following receipt from Buyer of all sales data, payee information and other information with respect to such Participations and Residuals.

Related to Participations and Residuals

  • Participation Agreements as defined in this Trust Supplement are the "Note Purchase Agreements" referred to in the Basic Agreement.

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • L/C Participation shall have the meaning provided in Section 3.3(a).