Production Contribution Sample Clauses

Production Contribution. (i) CRC agrees to provide equity financing for the Picture to Producer or its designee in the form of an equity contribution in the amount of Three Hundred Thousand U.S. Dollars (USD$300,000.00) ("Production Contribution") in exchange for the Premium (as defined below) and, thereafter, a minimum twenty percent (20%) perpetual equity interest in the "Adjusted Gross Receipts" of the Picture as defined below ("Minimum Equity Interest"), to be repaid solely from the Gross Receipts of the Picture in the manner provided in paragraph 1 C below. CRC acknowledges that Producer shall, at all times, have the right to seek and obtain alternate and/or additional funding for the Picture from any other source, including, without limitation, production, post production and completion cost deferrals, but so long as CRC provides the Production Contribution, CRC shall remain entitled to the benefits set forth herein. The Production Contribution shall be paid to Producer as follows: (i) One Hundred Thousand Dollars ($100,000) shall be paid to Producer within five (5) business days from execution of this Agreement; and (ii) the balance of the Production Contribution Two Hundred Thousand US Dollars (USD$200,000)] shall be paid to SPE to an account specified by Producer no later than two weeks prior to the scheduled start date for commencement of principal photography of the Picture, provided (i) the completion guarantor bonding the completion and delivery of the Picture ("Completion Guarantor") may require CRC to place the balance of its Production Contribution in escrow on an earlier date, and if so, CRC shall comply with the requirements of the Completion Guarantor upon not less than five (5) business days notice of same, subject to the following; (ii) CRC shall have no obligation to furnish the balance of the Production Contribution until Producer provides a fully executed commitment letter from the proposed secured senior debt production lender ("Primary Financier") to cover the balance of the proposed production cost of the Picture, after taking into account all sources of production funding. The Production Contribution shall be disbursed by Producer and SPE in accordance with a cashflow schedule ("Cashflow Schedule") as the same may hereafter be revised as needed by the Completion Guarantor, if any, the Primary Financier or due to producti on exigencies, and shall be used solely to pay for the necessary and actual costs of development, production, completion and delivery ...
Sample 1
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Related to Production Contribution

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

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