Common use of The Producer Clause in Contracts

The Producer. (a) agrees that nothing in sections 114(1)(a), 117(1)(c), 133 and 134 of the PPSA will apply to this Agreement; (b) waives (to the extent applicable, if any) the Producer’s rights: (i) to receive a verification statement pursuant to section 148 of the PPSA; (ii) to receive a statement of account under section 116 of the PPSA; (iii) to recover a surplus under section 119 of the PPSA; (iv) to object to NZ On Air’s proposal to retain the Content Rights under section 121 of the PPSA; and (v) to redeem the Content Rights under section 132 of the PPSA.