Third Party Entitlements definition
Third Party Entitlements means (a) any amounts which any Master Distributor, any Receivables Sub or any Borrower is required to pay (or such Master Distributor, Receivables Sub or Borrower estimates in good faith that may be required to be paid) in connection with any Library Title to any third party in respect of a receivable or credit (e.g., any Participations and Residuals, fees, or commissions) and (b) any fees, expenses or other amounts owed by any Receivables Sub to the applicable Master Distributor pursuant to the applicable Master Distribution Agreement (including any fees, expenses or other amounts that are permitted to be netted from amounts payable by such Master Distributor under the applicable Master Distribution Agreement).
Third Party Entitlements means, with respect to any Program in which any Credit Party has acquired any right, title or interest, and without duplication, amounts based, computed or dependent on the proceeds derived from the exploitation of such Program that the applicable Credit Party is obligated to pay to any other Person that is not an Affiliate of any Credit Party, including, without limitation, Residuals and Participations to the extent not paid or otherwise assumed by the applicable Distributor, amounts payable to co-financiers under any co-financing agreement, payments to any producer or licensor required pursuant to the applicable rights acquisition agreement.