Excess of Permitted Payments Sample Clauses

Excess of Permitted Payments. In the event the proceeds payable to Issuer hereunder shall exceed that permitted by any law or governmental regulation, Distributor shall (at Issuer’s cost) use its reasonable efforts to assist Issuer in the application to the appropriate authority for the right to pay Issuer all of the Gross Receipts payable to Issuer pursuant to the Agreement and shall pay the difference between the proceeds payable pursuant to the Agreement and the proceeds permitted to be paid at such time, if ever, as it may be legally permissible to Distributor to pay the difference. SCHEDULE “DM” Schedule “DM” to Master Distribution Agreement (Film Productions) dated July 25, 2007 between MQP, LLC, as Issuer, and Lions Gate Films, Inc., as Distributor (the “Agreement”).
Sample 1
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Excess of Permitted Payments. In the event the proceeds payable to Issuer hereunder shall exceed that permitted by any law or governmental regulation, Distributor shall (at Issuer’s cost) use its reasonable efforts to assist Issuer in the application to the appropriate authority for the right to pay Issuer all of the Gross Receipts payable to Issuer pursuant to the Agreement and shall pay the difference between the proceeds payable pursuant to the Agreement and the proceeds permitted to be paid at such time, if ever, as it may be legally permissible to Distributor to pay the difference. -Schedule “GR” Page 9 - SCHEDULE “DM” Schedule “DM” to Master Distribution Agreement (Film Productions) dated July 25, 2007 between MQP, LLC, as Issuer, and Lions Gate Films, Inc., as Distributor (the “Agreement”). DELIVERY MATERIALS QUALITY CONTROL REQUIREMENTS: All film, sound and video materials shall be in accordance with the custom and standard of the local film industries throughout the Territory. ASPECT RATIOS: The Picture shall not be in an aspect ratio other than the standard theatrical 1:85 to 1 without Lions Gates prior written consent. No elements shall be “letter boxed” without Lions Gates prior written consent. DELIVERY PROVISIONS: All materials to be delivered on an “if available” basis shall not be considered part of Delivery for purposes of deeming delivery complete if such materials are not available. In the event the original Legal and Publicity Documents are in a language other than English, the documents shall be provided along with the English translation. All Film and Video Materials, unless indicated otherwise, shall be vaulted in a reputable laboratory. The Original Negative (or, if applicable, the Digital Intermediate Negative) and the Color Interpositive Protection Master shall be vaulted in separate laboratories (or in separate film vaults if vaulted at the same laboratory). All Film and Video Materials shall be of first class technical quality. The Picture shall be shot and delivered on 35mm film stock. The Picture shall be shot and delivered in the English language. The Picture shall have an M.P.A.A. rating of no more restrictive than “___”. The Picture shall have a total run time of no less than ___minutes. If the Picture has been submitted to any Film Festival, a list of such festivals shall be delivered on or before the Delivery Date. This schedule of Delivery Requirements is on a non-precedential basis. If the Picture contains any English subtitles, the Delivery Require...
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Related to Excess of Permitted Payments

  • Permitted Payments Hedging Liabilities

  • Restricted Payments Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that:

  • Prohibited Payments The following types of payments are prohibited through the Service, and we have the right but not the obligation to monitor for, block, cancel and/or reverse such payments:

  • Prohibited Payments, Etc Except during the continuance of a Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), each Guarantor may receive regularly scheduled payments or payments made in the ordinary course of business from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), however, unless required pursuant to Section 7.07(d), no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

  • Restricted Payments, etc On and at all times after the Effective Date:

  • Permitted Debt Create, incur, guarantee or suffer to exist any Debt, except:

  • Asset Dispositions, etc The Borrower will not, and will not permit any of its Subsidiaries to, sell, transfer, contribute or otherwise convey, or grant options, warrants or other rights with respect to, any material asset (including accounts receivable and capital stock of Principal Subsidiaries) to any Person, except:

  • Permitted Indebtedness Borrower shall not create, incur, assume or suffer to exist any Indebtedness, except the following (collectively, "Permitted Indebtedness"): (i) Indebtedness under the Loan Documents, (ii) any Indebtedness set forth on Schedule 7.2, (iii) Capitalized Lease Obligations incurred after the Closing Date and Indebtedness incurred pursuant to purchase money Liens permitted by Section 7.3(v), provided that the aggregate amount of such Capitalized Lease Obligations and purchase money indebtedness outstanding at any time shall not exceed $75,000, (iv) Indebtedness in connection with advances made by a stockholder in order to cure any default of the financial covenants set forth on Annex I; provided, however, that such Indebtedness shall be on an unsecured basis, subordinated in right of repayment and remedies to all of the Obligations and to all of Lender's rights pursuant to a subordination agreement in form and substance satisfactory to Lender; (v) accounts payable to trade creditors and current operating expenses (other than for borrowed money) which are not aged more than 120 calendar days from the billing date or more than 30 days from the due date, in each case incurred in the ordinary course of business and paid within such time period, unless the same are being contested in good faith and by appropriate and lawful proceedings and such reserves, if any, with respect thereto as are required by GAAP and deemed adequate by Borrower's independent accountants shall have been reserved; (vi) borrowings incurred in the ordinary course of business and not exceeding $10,000 individually or in the aggregate outstanding at any one time, provided, however, that such Indebtedness shall be on an unsecured basis, subordinated in right of repayment and remedies to all of the Obligations and to all of Lender's rights pursuant to a subordination agreement in form and substance satisfactory to Lender; and (vii)

  • Permitted Deductions The Security Agent shall be entitled (a) to set aside by way of reserve amounts required to meet and (b) to make and pay, any deductions and withholdings (on account of Tax or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax which may be assessed against it in respect of any of the Charged Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Finance Documents or otherwise (except in connection with its remuneration for performing its duties under this Agreement).

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