Soundtrack Album Mechanical Royalties. Owner shall be solely responsible for and shall pay any and all mechanical royalties or other monies required to be paid to any and all third parties, including without limitation any other writers and/or composers of the Compositions, in respect of any exploitation by Production Company or its designees of any such Composition(s) hereunder. If Production Company or its Series Album, Motion Picture Album, or Other Series Album distributor (as applicable) pays, though Production Company or such designee is not obligated to do so, any such Series Album, Motion Picture Album, and/or Other Series Album royalties (as applicable) or other monies to any third parties, Production Company may, without limiting its rights or remedies, deduct such payment from any sums earned by Owner hereunder. 5.5.
Soundtrack Album Mechanical Royalties. Owner shall be solely responsible for and shall pay any and all mechanical royalties or other monies required to be paid to any and all third parties, including without limitation any other writers and/or composers of the Compositions, in respect of any exploitation by Production Company or its designees of any such Composition(s) hereunder. If Production Company or its Series Album, Motion Picture Album, or Other Series Album distributor (as applicable) pays, though Production Company or such designee is not obligated to do so, any such Series Album, Motion Picture Album, and/or Other Series Album royalties (as applicable) or other monies to any third parties, Production Company may, without limiting its rights or remedies, deduct such payment from any sums earned by Owner hereunder. MUSICAL OPTION & PURCH. AGREEMENT – OPENING NIGHT ENTERPRISES, LLC/O’DANIEL, MANZAY, MXXXXX/ONCE UPON A RHYME 14 5.5. Composition Residual Income: Notwithstanding anything to the contrary contained herein, if and solely to the extent that the Series becomes subject to the jurisdiction of any American Federation of Musicians (“AF of M”) and/or Screen Actors Guild of America-American Federation of Television Radio Artists (“SAG”) collective bargaining or other such agreement, then Owner shall receive applicable residuals in accordance with the AF of M, SAG and/or other such governing agreement’s terms to the extent that Owner is entitled as a composer of Compositions and/or a performer of any music performed as part of the Series, any Other Series, or any Motion Picture, any of which are later broadcast via television in any jurisdiction where the distributor of said broadcast is subject to residual or other royalty obligations with respect to the Composition(s) featured in said broadcast. 5.6.
