Post Event of Default Creative Approval Rights Sample Clauses

Post Event of Default Creative Approval Rights. From and after an Event of Default and following foreclosure on the Collateral (as such terms are defined in the Credit Agreement), MRI shall not have any of its rights set forth in Sections 9.1 and 9.2 above, but shall instead have the Approval Rights set forth in this Section 9.3, which rights shall be limited to MRI's right to approve: (i) the story or other "first" writing step (including the basic setting) solely in order to ensure Character Integrity; (ii) each draft of the screenplay, including without limitation, the final screenplay solely in order to ensure Character Integrity; (iii) the powers, costumes, key animation design (if applicable) and "look" of each Main Character, Subsidiary Character, Minor Character and Character Title and any other element not expressly set forth solely in order to ensure Character Integrity; (iv) the advertising and marketing materials solely in order to ensure Character Integrity; (v) the creation and use of New Characters, including each New Character's powers, origin story, costume, key animation design (if applicable) and "look" solely in order to ensure Character Integrity; (vi) the principal cast members solely in order to ensure Character Integrity; (vii) in addition to the approval rights set forth in Section 9.2 above, the exercise of the Co-Promotion/Commercial Tie-In Rights as set forth in Section 8 above solely in order to ensure Character Integrity, and (viii) edits, dubs, subtitles and other alterations to the Completed Film made in connection with the marketing, distribution or exploitation of such Completed Film solely in order to ensure Character Integrity. Notwithstanding anything to the contrary set forth herein, if for whatever reason this Section 9.3 is not enforceable or otherwise not recognized as a result of the bankruptcy of MVL, MVL and MRI agree that Section 9.2 shall control.
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Post Event of Default Creative Approval Rights

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Not to Prevent Events of Default The failure to make a payment on account of principal of, premium, if any, or interest on the Notes by reason of any provision of this Article Ten will not be construed as preventing the occurrence of an Event of Default.

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

  • Guarantee Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantee Event of Default actually known to a Responsible Officer of the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Securities, notices of all such Guarantee Events of Default, unless such defaults have been cured before the giving of such notice; provided, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Securities.

  • Listing of Events of Default Each of the following events or occurrences described in this Section 8.1 shall constitute an "Event of Default".

  • Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

  • No Event of Default, etc No condition or event has occurred or exists which constitutes or which, after notice or lapse of time or both, would constitute an Event of Default.

  • Events of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, however, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Capital Securities.

  • Event of Default Defined Acceleration of Maturity; Waiver of Default. "Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Liquidity Events of Default If (a) any Liquidity Event of Default has occurred and is continuing and (b) there is a Performing Note Deficiency, the Liquidity Provider may, in its discretion, deliver to the Borrower a Termination Notice, the effect of which shall be to cause (i) the obligation of the Liquidity Provider to make Advances hereunder to expire on the fifth Business Day after the date on which such Termination Notice is received by the Borrower, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Final Advance in accordance with Section 2.02(d) hereof and Section 3.6(i) of the Intercreditor Agreement, (iii) all other outstanding Advances to be automatically converted into Final Advances for purposes of determining the Applicable Liquidity Rate for interest payable thereon, and (iv) subject to Sections 2.07 and 2.09 hereof, all Advances (including, without limitation, any Provider Advance and Applied Provider Advance), any accrued interest thereon and any other amounts outstanding hereunder to become immediately due and payable to the Liquidity Provider.

Time is Money Join Law Insider Premium to draft better contracts faster.