Other Related Activities. (a) The Administrator and Affiliates thereof shall have the right to engage in the following activities (subject to compliance with laws and intellectual property rights of third parties): (i) Rights to commercialize the Painting for the duration of the operations of the Issuer; (ii) The right to perpetually offer the Painting for sale, display and exhibition rights; (iii) The right to lend the Painting to museums, galleries, private entities, individuals and the like; and (iv) The right to lease the Painting to companies, private entities and individuals, (v) The right to offer perks to owners of Shares, subject to compliance with applicable laws, and the costs of which will be paid by the Administrator. (b) The Administrator shall bear any incremental third-party costs associated with such activities related to the activities set forth in this Section 2 and in the event that any revenues are generated from such other activities, the Administrator may retain such revenues.
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Samples: Administrative Services Agreement (Masterworks 026, LLC), Administrative Services Agreement (Masterworks 031, LLC), Administrative Services Agreement (Masterworks 032, LLC)
Other Related Activities. (a) The Administrator and Affiliates thereof shall have the right to engage in the following activities (subject to compliance with laws and intellectual property rights of third parties):
(i) Rights to commercialize the Painting for the duration of the operations of the IssuerIssuer and Reg A GP ;
(ii) The right to perpetually offer the Painting for sale, display and exhibition rights;
(iii) The right to lend the Painting to museums, galleries, private entities, individuals and the like; and
(iv) The right to lease the Painting to companies, private entities and individuals,
(v) The right to offer perks to owners of Shares, subject to compliance with applicable laws, and the costs of which will be paid by the Administrator.
(b) The Administrator shall bear any incremental third-party costs associated with such activities related to the activities set forth in this Section 2 and in the event that any revenues are generated from such other activities, the Administrator may retain such revenues.
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Samples: Administrative Services Agreement (Masterworks 002, LLC)