Current Feature Rights. If at any time during the Term, Licensor and other SPE Entities collectively fail to control the Necessary Rights with respect to the exploitation hereunder of Pay-Per-View or Video-On-Demand rights in substantially all feature length motion pictures theatrically released by any SPE Entity during the Term (excluding pictures acquired by a SPE Entity due to such SPE Entity’s merger with a third party rights holder or acquisition of a third party film library), Licensee shall have the right to terminate this Agreement by delivering thirty (30) days prior written notice to Licensor. Licensor’s mere failure of the foregoing shall in no event deemed to be, or in any way constitute, a breach of this Agreement, and Licensee shall not be entitled to any rights or remedies as a result of such failure, except as otherwise expressly set forth in this Section 5.8. Licensor shall be deemed to control the Necessary Rights in a Current Feature or Library Film if any other SPE Entity controls such rights.
Appears in 5 contracts
Samples: License Agreement, License Agreement, License Agreement
