Common use of Live Stage Rights Clause in Contracts

Live Stage Rights. Upon Purchase of the Rights hereunder, Production Company shall, at any time during either: (a) 24 months from the U.S. premier of the final episode of the season of the Series featuring the Play, or (b) 36 months from Purchase, whichever occurs first, be able to secure the right to mount one or more live stage productions of the Play (other than in-context of the Series as is addressed elsewhere above) and exercise various other such Rights which are generally considered ancillary to the production of such live stage performances (including but not limited to producing cast albums in connection therewith). All such live stage and affiliated Rights and corresponding terms of option and of exercising said Rights, are set forth in the corresponding live stage rights agreement (the “LSR Agreement”) which is incorporated herein and made a part hereof by this reference.