Common use of Distribution Extension Clause in Contracts

Distribution Extension. Notwithstanding anything contained in the foregoing to the contrary, if, during the Initial Option Period, the Option Period Extension or the Production Period, Production Company becomes engaged in substantive negotiations with a third party distributor in connection with financing and/or distribution of the Series, then, to whatever extent necessary, the Initial Option Period, the Option Period Extension, and/or Production Period, as applicable, may be tolled for such period of time as necessary to allow those parties to conclude their negotiations, provided no such extension shall exceed Six (6) months.