Box Holland Sample Clauses

Box Holland. (a) The Partnership shall, from time to time prior to the first anniversary of the Closing, advance, pursuant to the Box Holland Promissory Note attached as Exhibit Q hereto, to Box or its applicable subsidiary such amounts as Box or such subsidiary may request to fund its share of the Box Holland net cash requirements to the extent required to fund the operating costs and capital expenditures of Box Holland in accordance with the projected Business Plan for Box Holland (1998-2001) as previously furnished to MTVN, but in no event more than $1.3 million in the aggregate; provided, however, that prior to any such advance, Box certifies that the conditions to such advance have been satisfied. If the interest in Box Holland of Box's applicable subsidiary is sold or otherwise disposed of, Box will repay such advances out of, but only to the extent of, the cash proceeds actually received by it or its Affiliates from such sale, and otherwise shall have no obligation or liability with respect to such advances. To the extent such cash proceeds are sufficient therefor, the amount to be repaid will include simple interest of 6% per annum. (b) The Partnership shall, and shall cause its applicable Controlled Affiliates to, license to Box pursuant to the Box Holland License Agreement those Intellectual Property rights that they have which are necessary for Box to comply with its existing licensing obligations to Box Holland as and to the extent described in the Box Holland License Agreement.
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