Program Supply Agreement definition
Examples of Program Supply Agreement in a sentence
Notwithstanding the foregoing provisions of this Article 16, the Company and the Members acknowledge that a material breach of this Agreement, the Program Supply Agreement or the Distribution Agreement by a party thereto may result in irreparable harm to the Company or a Member for which there is no adequate remedy at law.
In addition to and not by way of limitation of Sections 4.1 or 4.2 above, all Company Programming and other material transmitted by Licensee will comply with the terms and conditions of the Program Supply Agreement.
If PEGI (or an Affiliate of PEGI which is then a Member) is the Defaulting Member, the Management Committee may elect to withhold the amount that the Defaulting Member has failed to contribute from amounts otherwise payable to PEGI (or an Affiliate of PEGI) with respect to the Rights Acquisition Fee or under the Program Supply Agreement or the Trademark License Agreement and to pay such withheld amount to the Company on behalf of the Defaulting Member.
Except in cases where the Program Supply Agreement and Trademark License Agreement are not terminated upon dissolution (as set forth in Section 12.3), PEGI may elect to have distributed to it in kind or destroyed any assets of the Company that are Playboy-branded, contain Playboy-identified content or are otherwise identified as a Playboy-related product.
Licensor does not assign, and expressly reserves for itself, all rights of approval and control over the licensed trademarks and all remedies for breach of the permitted uses of the trademarks pursuant to such trademark licenses and any other license of trademarks ancillary to the licensing of Company Programming (as provided in the Program Supply Agreement).
The parties intend that these provisions will be valid, binding, enforceable and irrevocable and will survive any termination of this Agreement; provided, however, that this Article will not apply to any dispute concerning the validity, ownership or control of the trademarks licensed by PEII to the Company pursuant to the Trademark License Agreement or the copyrights to any programming supplied by Licensor to the Program Supply Agreement, and instead any such dispute will be litigated in a court of law.
For each subsequent Fiscal Year during the term of the Program Supply Agreement, the Company shall spend the Company Produced Programming Budget and the Marketing Budget, each of which shall be adjusted each Fiscal Year by any change in the CPI.
This Agreement, the Program Supply Agreement, the Trademark License Agreement, the Stock Purchase Agreements and the Release, when executed by the parties, will supersede and replace the Agreement Outline and the Agreement Outline will be of no further force or effect.
Notwithstanding the foregoing, any advertising or direct marketing programs provided by PEGI under the Program Supply Agreement or otherwise expressly approved by PEGI will be deemed acceptable for transmission over a Channel.
The parties agree and acknowledge that with respect to each Program Supply Agreement assigned in part to PEI and retained in part by any Seller Party, the general terms and conditions of such Program Supply Agreement will apply to both parties.