Contingent Participation Sample Clauses

Contingent Participation. RRP will be entitled to twenty-five percent (25%) of all net contingent proceeds from the Picture.
Sample 1Sample 2
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Contingent Participation. VCNV and the core walk group reserves the right and ability to ask a person to discontinue participation in the walk if an individual’s behavior is proving to be detrimental or counter- productive to the walk. This ability has been reserved in prior actions and has not, to date, been exercised.
Sample 1
Contingent Participation. RRP will be entitled to five percent (5%) of all net contingent proceeds from the Picture.
Sample 1
Contingent Participation. The Sellers shall be entitled to receive from Purchaser certain contingent participation amounts on the terms and conditions set forth in this Section 2.3.
Sample 1
Contingent Participation. Subject to Section 2.3(c), from and after the Closing Date, with respect to each 3(a) Picture, for the longer of (i) five (5) years from and after the Closing Date, and (ii) a period of five (5) years from and after the Initial Theatrical Release Date of the applicable 3(a) Picture (as applicable, the “3(a) Contingent Payment Period”), Purchaser shall pay the Sellers (in accordance with each Seller’s respective Sharing Percentage) an aggregate amount equal [REDACTED] of the 3(a) Amounts derived from the exploitation of 3(a) Pictures (i.e. on a cross-collateralized basis) during the 3(a) Contingent Payment Period (the “3(a) Contingent Participation”); provided, however, 3(a) Contingent Participation payable by Purchaser to the Sellers shall not exceed [REDACTED] in the aggregate. Purchaser shall pay any 3(a) Contingent Participation to the Sellers within ten (10) Business Days after the closing of Purchaser’s books with respect to the fiscal quarter in which it is determined that the Contingent Participation Hurdle has been reached, and thereafter, on a quarterly basis, within ten (10) Business Days after the closing of Purchaser’s books with respect to each fiscal quarter.
Sample 1
Contingent Participation. Subject to Section 2.3(c), from and after the Closing Date, with respect to each 3(b) Picture for which principal photography commences within five (5) years after the Closing Date, for a period of ten (10) years from and after the Initial Theatrical Release Date of the applicable 3(b) Picture (as applicable, the “3(b) Contingent Payment Period”), Purchaser shall pay the Sellers (in accordance with each Seller’s respective Sharing Percentage) an aggregate amount equal to [REDACTED] of the 3(b) Amounts, on a 3(b) Picture Group by 3(b) Picture Group basis, derived from the exploitation of the 3(b) Pictures in each 3(b) Picture Group during the 3(b) Contingent Payment Period (the “3(b) Contingent Participation”). Purchaser shall pay any 3(b) Contingent Participation to the Sellers within ten (10) Business Days after the closing of Purchaser’s books with respect to the fiscal quarter in which it is determined that the Contingent Participation Hurdle has been reached, and thereafter, on a quarterly basis, within ten (10) Business Days after the closing of Purchaser’s books with respect to each fiscal quarter.
Sample 1

Related to Contingent Participation

  • Joint Participation The parties hereto participated jointly in the negotiation and preparation of this Release, and each party has had the opportunity to obtain the advice of legal counsel and to review and comment upon the Release. Accordingly, it is agreed that no rule of construction shall apply against any party or in favor of any party. This Release shall be construed as if the parties jointly prepared this Release, and any uncertainty or ambiguity shall not be interpreted against one party and in favor of the other.

  • Sub-participation A Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, consultation with or notice to, the Borrowers.

  • Reimbursement; Participations (a) If Issuing Bank honors any request for payment under a Letter of Credit, Borrowers shall pay to Issuing Bank, on the same day (“Reimbursement Date”), the amount paid by Issuing Bank under such Letter of Credit, together with interest at the interest rate for Base Rate Revolver Loans from the Reimbursement Date until payment by Borrowers. The obligation of Borrowers to reimburse Issuing Bank for any payment made under a Letter of Credit shall be absolute, unconditional, irrevocable, and joint and several, and shall be paid without regard to any lack of validity or enforceability of any Letter of Credit or the existence of any claim, setoff, defense or other right that Borrowers may have at any time against the beneficiary. Whether or not Borrower Agent submits a Notice of Borrowing, Borrowers shall be deemed to have requested a Borrowing of Base Rate Revolver Loans in an amount necessary to pay all amounts due Issuing Bank on any Reimbursement Date and each Lender agrees to fund its Pro Rata share of such Borrowing whether or not the Commitments have terminated, an Overadvance exists or is created thereby, or the conditions in Section 6 are satisfied.

  • Company Participation Subject to Section B.6, the Company shall not be liable to indemnify the Indemnitee under this Agreement with regard to any judicial action if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense, conduct and/or settlement of such action.

  • No Contingent Interest or Equity Participation No Mortgage Loan has a shared appreciation feature, any other contingent interest feature or a negative amortization feature (except that an ARD Loan may provide for the accrual of the portion of interest in excess of the rate in effect prior to the Anticipated Repayment Date) or an equity participation by the Mortgage Loan Seller.

  • L/C Participations (a) The Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and, to induce the Issuing Lender to issue Letters of Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from the Issuing Lender, on the terms and conditions hereinafter stated, for such L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s Revolving Credit Commitment Percentage in the Issuing Lender’s obligations and rights under and in respect of each Letter of Credit issued hereunder and the amount of each draft paid by the Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees with the Issuing Lender that, if a draft is paid under any Letter of Credit for which the Issuing Lender is not reimbursed in full by the Borrower through a Revolving Credit Loan or otherwise in accordance with the terms of this Agreement, such L/C Participant shall pay to the Issuing Lender upon demand at the Issuing Lender’s address for notices specified herein an amount equal to such L/C Participant’s Revolving Credit Commitment Percentage of the amount of such draft, or any part thereof, which is not so reimbursed.

  • No Equity Participation No document relating to the Mortgage Loan provides for any contingent or additional interest in the form of participation in the cash flow of the Mortgaged Property or a sharing in the appreciation of the value of the Mortgaged Property. The indebtedness evidenced by the Mortgage Note is not convertible to an ownership interest in the Mortgaged Property or the Mortgagor and Seller has not financed nor does it own directly or indirectly, any equity of any form in the Mortgaged Property or the Mortgagor.

  • Participation in Litigation Prior to the Effective Time, Parent shall give prompt notice to the Company, and the Company shall give prompt notice to Parent, of any Actions commenced or, to the Company’s Knowledge on the one hand and Parent’s Knowledge on the other hand, threatened against such party which relate to this Agreement and the transactions contemplated hereby. The Company shall give Parent the opportunity to participate in the defense or settlement of any shareholder litigation against the Company and/or its directors relating to the transactions contemplated hereby, and no such litigation shall be settled without Parent’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).

  • Equity Participation This Warrant is issued in connection with the Loan Agreement. It is intended that this Warrant constitute an equity participation under and pursuant to T.C.A. ss.47-24-101, et seq. and that such equity participation be perxxxxxx xxder said statutes and not constitute interest on the Note. If under any circumstances whatsoever, fulfillment of any obligation of this Warrant, the Loan Agreement, or any other agreement or document executed in connection with the Loan Agreement, shall violate the lawful limit of any applicable usury statute or any other applicable law with regard to obligations of like character and amount, then the obligation to be fulfilled shall be reduced to such lawful limit, such that in no event shall there occur, under this Warrant, the Loan Agreement, or any other document or instrument executed in connection with the Loan Agreement, any violation of such lawful limit, but such obligation shall be fulfilled to the lawful limit. If any sum is collected in excess of the lawful limit, such excess shall be applied to reduce the principal amount of the Note.

  • Letter of Credit Participation See Section 4.1.4.

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