Common use of Acquired Movies Clause in Contracts

Acquired Movies. Whenever Licensor and/or its Affiliates acquire the rights to an Acquired Movie for exploitation in the United States, it will also acquire the rights for such Acquired Movie in the Media in the Territory, unless such rights are unavailable or are not available on commercially reasonable terms. If the rights to such Acquired Movie are not available in the Media for the Territory, or are available in only a portion of the Territory, on commercially reasonable terms, Licensor will so notify the Company, and the Company will determine whether it wishes to acquire the rights in the Territory for such Acquired Movie. If the Company wishes to acquire such rights, Licensor will acquire such rights for the Company on terms to be agreed to by the Company. The Company shall reimburse Licensor for any material incremental costs associated with such acquisition.