First Look Submissions/Dimension Response Period Sample Clauses

First Look Submissions/Dimension Response Period. (i) The Parties acknowledge that the "Platinum Library" consists of hundreds of comics, graphic novels, serializations, storybooks, etc. During the Term (as defined in paragraph 2.C below), Platinum shall select and present properties from the Platinum Library for Dimension's first look consideration hereunder, provided that Platinum shall present no less than twenty-five (25) such properties in each year of the Term. The first such presentation shall consist of no less than ten (10) such properties. Those properties in the Platinum Library not so selected and presented by Platinum shall not be presented (i.e., "pitched") by Platinum to third parties other - than talent (i.e., writers, directors and/or actors) during the Term, except that Platinum shall have the right to present to any third parties those properties that Platinum wishes to develop for initial release in television and/or as animation (as opposed to live-action) projects, provided that Platinum informs such parties of Dimension's Feature Film "first look" rights hereunder with respect thereto. (ii) Within ten (10) business days of Platinum's presentation of a Platinum property to Dimension as provided above (provided that the property in question is either an English-language property or an English-language translation thereof is provided to Dimension by Platinum, and, if not, then Dimension shall have twenty (20) business days to respond) (hereinafter, the "Dimension Response Period"), Dimension shall notify Platinum in writing as to whether or not it will option such property hereunder. Dimension's failure to provide any written notice to Platinum within the Dimension Response Period (or notice that it will not option such property) shall constitute a rejection of said property hereunder, giving Platinum the right to develop and/or produce the property elsewhere without any further obligation to Dimension; provided, however, that Platinum shall not submit more than ten (10) properties for Dimension's consideration hereunder within any consecutive ten (10) business day period (a "Bulk Submission"), unless the parties have mutually agreed in good faith on the time period in which Dimension must respond to the properties included in such Bulk Submission. If Dimension notifies Platinum in writing within the Dimension Response Period that it will option such property hereunder, Dimension shall be obligated to pay the applicable option fee as and when provided for in paragraph 4 below (i.e., up...
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