Common Contracts
1 similar ’s Assumption Agreement contracts
AMERICAN FEDERATION OF MUSICIANS THEATRICAL MOTION PICTURE BUYER’S ASSUMPTION AGREEMENT’s Assumption Agreement • May 10th, 2022
that picture photoplays covered by this Agreement are subject to the AFM Basic Theatrical Agreement of 2020 with respect to the provisions of Article 15 and 16 thereof relating to payments to the Film Musicians Secondary Markets Fund (herein referred to as the ‘Secondary Markets Fund’), on release of a theatrical motion picture photoplay to free television or in Supplemental Markets; and the said Buyer hereby agrees, expressly for the benefit of the Secondary Markets Fund, to make said payments required thereby. It is expressly understood and agreed that the rights of Buyer to exhibit or license the exhibition of such photoplays on free television or in Supplemental Markets shall be subject to and conditioned upon the payment to the Secondary Markets Fund as provided in Article 15 and 16 of said Basic Agreement, and it is agreed that the Secondary Markets Fund shall be entitled to seek injunctive relief and damages against Buyer in the event such payments are not made.
