Examples of Qualifying Picture in a sentence
Such a Right of First Refusal shall apply to all rights to distribute the Qualifying Picture in the United States (“U.S. Rights”) and to all rights to distribute the Qualifying Picture outside of the United States (“Foreign Rights”).
Upon the execution of the Qualifying Picture Declaration, the Administrative Agent shall be entitled to establish the Completion Reserve Amount for such Qualifying Picture.
All actual, out-of-pocket ----------------------------- costs and expenses paid or advanced by Distributor in connection with the manufacture and/or production of the Devices, including but not limited to the costs of mastering, duplicating, re-editing, making foreign versions (including dubbing or subtitling of the Declared Qualifying Picture), changing the title of the Declared Qualifying Picture, anti-piracy and anti-counterfeiting devices, packaging and raw materials.
The applicable Borrower shall have established a Collection Account for such Qualifying Picture and such Collection Account shall be subject to an Account Control Agreement.
Duly observe and perform all material terms and conditions of all material agreements with respect to the production, distribution and/or exploitation of Qualifying Picture and diligently protect and enforce the rights of the Credit Parties under all such agreements in a manner consistent with prudent business judgment and subject to the terms and conditions of such agreements.
In each Borrowing Certificate relating to a Qualifying Picture for which the Borrower intends to borrow Loans hereunder, the Borrower shall reserve the Production Cost Reserve Amount for such Qualifying Picture from the Total Commitment.
The ------------------------------------------------------- Certificate Holders or the Sponsor shall have funded, or shall have provided cash collateral on terms acceptable to the Administrative Agent for, the portion of the Total Negative Cost and Domestic Distribution Expenses of the applicable Declared Qualifying Picture not being funded hereunder.
Take all action on its part to insure that the Completion Reserve Amount with respect to a Qualifying Picture shall have been reserved from the Total Commitments at all times; including, without limitation, depositing cash into the Collection Account (or providing some other manner of credit support which is acceptable to the Administrative Agent) when and as necessary in accordance with Section 2.18(e) or any other provision herein.
From time to time thereafter, upon a determination by the Borrower that the amount actually intended to be borrowed to fund the then applicable financed portion of Production Costs for such Qualifying Picture is more or less than the Production Cost Reserve Amount initially included in the Qualifying Picture Declaration, the Borrower shall give written notice thereof to the Administrative Agent.
The Co-Administrative Agent shall be satisfied, based on the bonded outside delivery date under the applicable Completion Guaranty and the Eligible Receivables included in the Borrowing Base calculation with respect to such Qualifying Picture, that all Loans with respect to such Qualifying Picture will be paid in full on or prior to the earlier of (i) nine (9) months after such Qualifying Picture is Completed and (ii) the Maturity Date.