Theater Passes Clause Samples

Theater Passes. During the term of the lease, ▇▇▇▇▇▇ further agrees that it shall deliver to the Landlord at the beginning of each calendar year four (4) theater passes. Each of the four (4) passes will permit the admittance of four (4) individuals to the theater during all regularly scheduled motion picture performances for that calendar year. These passes, which shall only be good for twelve (12) months from the date of issuance, may be distributed at the discretion of the Landlord; however, once distributed shall be non-transferable to any other individuals. These passes shall not be valid during any engagement of a motion picture advertised as a "no pass engagement". ▇▇▇▇▇▇▇▇'s right to receive theater passes as set forth in this provision shall terminate at the disposition of an interest in ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Associates by the below mentioned individuals or by the death of the below mentioned individuals: