Common use of Acquired System Clause in Contracts

Acquired System. If DTH Operator merges with, acquires or is acquired by a competing DTH Operator operating in the Territory (“Competing Platform”) and Zee Group Channels are not carried on the Competing Platform at the time of merger and in the event following the merger the Competing Platform carries the ‘Zee Group Channel pursuant to this Agreement or DTH Operator distributes the said Channel to the Subscribers of the Competing Platform, DTH Operator or the successor company shall be obligated to pay to ZEEL the Subscription Fee from the effective date of the merger, on the basis of this Agreement within 30 days from the date of the merger based on the revised subscriber base of DTH Operator and the Competing Platform or the successor company/affiliates/joint ventures/networks as the case maybe. In case of any dispute the Parties agree to refer the matter to TDSAT. If DTH Operator merges with, acquires or is acquired by a Competing Platform and the Zee Group Channel(s) are carried on Platform and the Competing Platform, then the Subscription Fee payable by the combined entity / platform would be in accordance with the respective agreements of ZEEL, with the platform and competing platform prior to such merger, till a fresh agreement is entered into with ZEEL for the combined entity. Identical procedures will be followed in circumstances where the DTH Operator merges with, acquires or is acquired by multiple Competing Platforms simultaneously or a party which owns multiple Competing Platforms.