Uncompleted Items of Product. With respect to each item of Product or seasonal order of a television series for which any Credit Party has Production Exposure in the amount of US$3,000,000 or more and for each Designated Picture (regardless of budget size), deliver to the Administrative Agent, not later than (A) in the case of an item of Product being produced by or under the control of any Credit Party, five (5) days prior to the commencement of principal photography of such item of Product or such earlier date on which the first Borrowing is made with respect to such item of Product under a Special Production Tranche and (B) in the case of an item of Product being acquired from a third party or through a co-production which is not controlled by a Credit Party, five (5) days prior to payment by any Credit Party of any portion of the cost of such item of Product (other than a down payment of 10% or less of the Production Exposure for an item of Product), each of the following to the extent applicable (it being understood that for purposes of clause (B) clause (1) below shall not be applicable.
Uncompleted Items of Product. In the case of an item of Product which is included in the Borrowing Base, not later than the commencement of principal photography of such item of Product (in the case of an item of Product produced by or under the control of a Credit Party) or not later than the date of any payment of any portion of the acquisition cost for such item of Product (in the case of an item of Product being acquired from a third party), deliver to the Administrative Agent each of the following to the extent applicable (it being understood that in the case of an item of Product being acquired from a third party in accordance with the provisions of this Credit Agreement: (A) clauses (1) and (8) below shall not be applicable and (B) a Pledgeholder Agreement or Laboratory Access Letter shall be delivered pursuant hereto, if not already covered by a Pledgeholder Agreement, within five (5) days after payment of any portion of the acquisition cost):
Uncompleted Items of Product. With respect to each item of Product or seasonal order of a television series for which any Credit Party has Production Exposure in excess of U.S.$20,000,000, deliver to the Administrative Agent, not later than (A) in the case of an item of Product being produced by or under the control of any Credit Party, five (5) days prior to the commencement of principal photography of such item of Product or such earlier date on which the first Borrowing is made with respect to such item of Product under a Special Production Tranche and (B) in the case of an item of Product being acquired from a third party or through a co-production which is not controlled by a Credit Party, five (5) days prior to payment by any Credit Party of any portion of the cost of such item of Product (other than a down payment of 10% or less of the Production Exposure for an item of Product), each of the following to the extent applicable (it being understood that for purposes of clause (B) clause (1) below shall not be applicable):
