Presale Estimate definition
Presale Estimate means, with respect to any Covered Picture, a written estimate prepared by an Approved Foreign Sales Agent, which has been determined by the Approved Foreign Sales Agent in its reasonable discretion as reflecting the Approved Foreign Sales Agent’s good faith estimate of the “take” sales price for the applicable Picture in each territory, taking into account, among other things, the cast, the budget, director and the genre and, in any event, using methodology consistent with then-current market practice.