Common use of Purchase Price and Exercises of Rights Clause in Contracts

Purchase Price and Exercises of Rights. As consideration for the Rights granted and assigned to Production Company and for Owner’s representations and warranties set forth herein, Production Company shall, either on its own or in conjunction with one or more networks and/or other production companies and/or distributors, effect the Purchase in the manner described in Section 1 above. In addition to the Purchase, which provides Production Company with the Rights, Production Company, its heirs, assigns and designees, may also be required to pay an additional “Purchase Price” hereunder and other fees as described in Section 5 et. seq. below and elsewhere herein in exchange for the ability to exercise certain Rights, which such Purchase Price(s) Owner hereby agrees to accept as follows: 4.3.1. Series: Purchase shall constitute full payment necessary to exercise all Rights in connection with the Series except to the extent specifically described in Sections 5.1. through 5.1.4. and Section 5.5 and/or elsewhere below, if at all; 4.3.2.