Common use of Payment of Holding Fee as Condition of Use Clause in Contracts

Payment of Holding Fee as Condition of Use. If Producer fails to pay the holding fee on or before the date on which it is due and payable as set forth in Section 44.B, Payment — Holding Fee, all further right of Producer to use the commercial shall cease and terminate, and the principal performer shall thereupon be automatically released from all contractual obligations with respect to the commercial. Inadvertent oversight shall not excuse failure to make timely payments or eliminate the damages provided therefor. If, during the maximum period of use of a commercial, Producer desires to reinstate a commercial after the termination of the right to use the commercial, as above provided, Producer may do so with the written consent of the principal performer in an agreement which may or may not be in the form of the Standard Employment Contract and the payment of not less than two holding fees, one of which may not be credited against use. Any such reinstatement shall be at rates not less than the minimum contract rates then in effect.

Payment of Holding Fee as Condition of Use. If Producer fails to pay the holding fee on or before the date on which it is due and payable as set forth in Section 44.B43 B, Payment — Holding Fee, all further right of Producer to use the commercial shall cease and terminate, and the principal performer shall thereupon be automatically released from all contractual obligations with respect to the commercial. Inadvertent oversight shall not excuse failure to make timely payments or eliminate the damages provided therefor. If, during the maximum period of use of a commercial, Producer desires to reinstate a commercial after the termination of the right to use the commercial, as above provided, Producer may do so with the written consent of the principal performer in an agreement which may or may not be in the form of the Standard Employment Contract and the payment of not less than two holding fees, one of which may not be credited against use. Any such reinstatement shall be at rates not less no lower than the minimum contract rates then in effect.

Payment of Holding Fee as Condition of Use. If Producer fails to pay the holding fee on or before the date on which it is due and payable as set forth in Section 44.B44.B., Payment — Holding Fee, all further right of Producer to use the commercial shall cease and terminate, and the principal performer shall thereupon be automatically released from all contractual obligations with respect to the commercial. Inadvertent oversight shall not excuse failure to make timely payments or eliminate the damages provided therefor. If, during the maximum period of use of a commercial, Producer desires to reinstate a commercial after the termination of the right to use the commercial, as above provided, Producer may do so with the written consent of the principal performer in an agreement which may or may not be in the form of the Standard Employment Contract and the payment of not less than two holding fees, one of which may not be credited against use. Any such reinstatement shall be at rates not less than the minimum contract rates then in effect.

Payment of Holding Fee as Condition of Use. If Producer fails to pay the holding fee on or before the date on which it is due and payable as set forth in Section 44.B44.B., Payment — ² Holding Fee, all further right of Producer to use the commercial shall cease and terminate, and the principal performer shall thereupon be automatically released from all contractual obligations with respect to the commercial. Inadvertent oversight shall not excuse failure to make timely payments or eliminate the damages provided therefor. If, during the maximum period of use of a commercial, Producer desires to reinstate a commercial after the termination of the right to use the commercial, as above provided, Producer may do so with the written consent of the principal performer in an agreement which may or may not be in the form of the Standard Employment Contract and the payment of not less than two holding fees, one of which may not be credited against use. Any such reinstatement shall be at rates not less than the minimum contract rates then in effect.