Laboratory Control Agreement definition
Laboratory Control Agreement means any Laboratory Control Agreement among Beneficiary, Completion Guarantor and the pertinent Laboratory, in form and substance approved by Beneficiary and Completion Guarantor, pursuant to which such Laboratory agrees to permit Beneficiary and Completion Guarantor to respectively exercise certain control over materials relating to the Film that are stored at the Laboratory.
Laboratory Control Agreement means any laboratory control or pledge holder agreement among Beneficiary, Completion Guarantor, and Laboratory, in form and substance approved by Beneficiary and Completion Guarantor, under which such Laboratory agrees to permit Beneficiary and Completion Guarantor to respectively exercise certain controls over materials relating to the Film being stored by Laboratory.
Laboratory Control Agreement means a Laboratory Control Agreement among, inter alia, the Lender, the Producer, the Borrower, the Completion Guarantor and a Laboratory, in a form approved by the Lender and the Completion Guarantor, which permits the Lender (or, after the issuance of the Lender Termination Notice, the other applicable secured parties designated therein) to control, to the exclusion of the Borrower and the Producer, all of the Pre-Print Materials held by that Laboratory upon the issuance of notice to the Laboratory.
Examples of Laboratory Control Agreement in a sentence
The Borrower shall not deliver or deposit (and shall cause the Producer to not deliver or deposit) any of the Pre-Print Materials in any film or sound laboratory without first obtaining and delivering to the Lender a fully executed Laboratory Control Agreement.
The Borrower shall only deliver (and shall cause the Producer to only deliver) to a Laboratory all of the original Pre-Print Materials and shall deliver to the Lender a fully executed Laboratory Control Agreement for each Laboratory prior to any such delivery.