Virtual Channel MFN for VOD Programs for Licensor. If, pursuant to an output or package (of more than 5 titles) agreement with a feature film provider, Licensee has an agreement to create or allocate during the Term a “virtual” channel dedicated primarily to the feature length motion pictures licensed by such feature film provider on a Video-On- Demand basis, then Licensee shall promptly notify Licensor in writing thereof and of all directly related terms and conditions contained in such output or package (of more than 5 titles) agreement. Licensor shall have the right (but not the obligation), exercisable within 30 days after receipt of the foregoing written notice, to match all such directly related terms and conditions, and, if Licensor exercises such right, this Agreement shall be deemed automatically amended to incorporate all such directly related terms and conditions, including, without limitation, the creation or allocation of a “virtual” channel dedicated solely to Current VOD Programs.
Appears in 4 contracts
Samples: License Agreement, License Agreement, License Agreement
