Common use of GROUP CLAUSE Clause in Contracts

GROUP CLAUSE. Due to the fact that The Artist is a musical "group", The Artist's obligations under the terms of this agreement shall be joint and several among the members of such group, and all references to The Artist shall include all members of the group jointly and each member of the group individually, unless otherwise specifically provided herein. In the event any member currently comprising the group shall cease to perform as a member of the group, the following shall apply: (a) The Artist shall promptly notify The Record Company thereof and such leaving member shall be replaced by a new member, and such new member shall be subject to The Record Company's approval. Such approved new member shall thereafter be deemed substituted as a party to this agreement in the place of such leaving member and shall automatically be bound by all of the terms and conditions of this agreement and, upon The Record Company's request, and as an express condition of this agreement, The Artist will cause any such new member to execute and deliver to The Record Company such documents as The Record Company, in its reasonable judgment, may deem necessary or advisable to effectuate the foregoing sentence. Thereafter, the leaving member shall no longer be required to render recording services hereunder as a member of the group, but all remaining members of the group, new members of the group (and any leaving members, individually) shall continue to be bound by the other provisions of this agreement. (b) Notwithstanding anything to the contrary contained herein, The Record Company shall have the right to terminate the term of this agreement with respect to some or all of the remaining members of the group by written notice given to The Artist at any time prior to the expiration of ninety (90) days after The Record Company's receipt of The Artist's notice to The Record Company concerning a leaving member. (c) Each leaving member hereby relinquishes all of his rights in the group name to the remaining and replacement members of the group. (d) The Record Company shall have, and The Artist hereby grants to The Record Company, an option to engage the exclusive services of each leaving member of The Artist's group as either a solo or group recording artist ("Leaving Member Option"). Such Leaving Member Option may be exercised by The Record Company by notice to such leaving member at any time prior to the expiration of ninety (90) days after the date of (i) The Record Company's receipt of The Artist's notice provided for in subparagraph "a", above, or (ii) The Record Company's termination notices pursuant to subparagraph "b", above, as the case may be. If The Record Company exercises such Leaving Member Option, the leaving member concerned shall be deemed to have executed The Record Company's then-current standard form of exclusive recording artist agreement on all of the same basic terms and conditions as are now contained in this agreement, except that the term of the new exclusive recording artist agreement shall commence on the date The Record Company exercises its Leaving Member Option.

GROUP CLAUSE. Due to the fact that The Artist is you are a musical "group", The Artist's your obligations under the terms of this agreement shall be joint and several among the members of such this group, and all references to The Artist you shall include all members of the group jointly and each member of the group individually, unless otherwise specifically provided herein. In the event any member currently comprising the group shall cease to perform as a member of the group, the following shall apply: (a) The Artist A. You shall promptly notify The Record Company us thereof and such leaving member shall be replaced by a new member, and such new member shall be subject to The Record Company's our approval. Such approved new member shall thereafter be deemed substituted as a party to this agreement in the place of such leaving member and shall automatically be bound by all of the terms and conditions of this agreement and, upon The Record Company's our request, and as an express condition of this agreement, The Artist you will cause any such new member to execute and deliver to The Record Company us such documents as The Record Companywe, in its our reasonable 7. judgment, may deem necessary or advisable to effectuate the foregoing sentence. Thereafter, the leaving member shall no longer be required to render recording services hereunder as a member of the group, but all remaining members of the group, new members of the group (and any leaving members, individually) shall continue to be bound by the other provisions of this agreement. (b) B. Notwithstanding anything to the contrary contained herein, The Record Company we shall have the right to terminate the term of this agreement with respect to some or all of the remaining members of the group by written notice given to The Artist you at any time prior to the expiration of ninety (90) days after The Record Company's our receipt of The Artist's your notice to The Record Company us concerning a leaving member. (c) C. Each leaving member hereby relinquishes all of his rights in the group name to the remaining and replacement members of the group. (d) The Record Company D. We shall have, and The Artist you hereby grants grant to The Record Companyus, an option to engage the exclusive services of each leaving member of The Artist's our group as either a solo or group recording performing artist ("Leaving Member Option")) in an exclusive personal management agreement identical in all respects to this agreement. Such Leaving Member Option may be exercised by The Record Company us by providing notice to such leaving member at any time prior to the expiration of ninety (90) days after the date of (i) The Record Company's Our receipt of The Artist's your notice provided for in subparagraph "a", above, or (ii) The Record Company's our termination notices notice pursuant to subparagraph "b", above, as the case may be. If The Record Company exercises we exercise such Leaving Member Option, the leaving member concerned shall be deemed to have executed The Record Company's our then-current standard form of exclusive recording artist personal management agreement on all of the same basic terms and conditions as are now contained in this agreement, except that the term of the new exclusive recording artist personal management agreement shall commence on the date The Record Company exercises its we exercise our Leaving Member Option.