Co-Financing Transactions Sample Clauses

Co-Financing Transactions. LGF and/or its Affiliates shall have the right to enter into Co-Financing Transactions with respect to each Covered Picture prior to the Initial Investment Date with respect to such Covered Picture. After the sale of Rights to a Covered Picture to Purchaser hereunder, LGF shall not consummate a Co-Financing Transaction with respect to any Funded Picture unless (i) such Co-Financing Transaction relates to a Co-Financing Transaction described in clause (i) of the definition of Co-Financing Transaction and was entered into prior to the sale of the Rights to such Funded Picture to Purchaser, (ii) is a Co-Financing Transaction pursuant to which the co-financing party is providing P&A Costs, or (iii) with the prior written consent of all of the members of Purchaser. Co-Financing Amounts with respect to and applicable to a Covered Picture will reduce the Direct Costs of such Covered Picture when such Co-Financing Amount is earned (provided in the event such amounts exceed the Direct Costs of such Covered Picture, the excess shall be treated as Gross Receipts provided that no Distribution Fee shall be payable on such excess amount). Purchaser hereby agrees to reasonably cooperate with LGF and its Affiliates in connection with obtaining any Co-Financing Amounts for a Covered Picture, and in connection therewith, Purchaser hereby agrees to execute and deliver to LGF and its Affiliates any and all documents or instruments reasonably requested by LGF that are necessary or desirable in obtaining any Co-Financing Amounts for a Covered Picture, provided FilmCo shall have no liability and shall assume no obligations in connection therewith at LGF’s expense.