National Lampoon definition

National Lampoon. For the use of the name “National Lampoon” in the Picture, Studio 21 shall receive ***upon commencement on principal photography plus (i) ***of the adjusted gross receipts of the Picture in excess of the greater of two times the cost of production of the Picture and interest once or actual cash breakeven including interest once, to actual breakeven; (ii) an allocation from Studio 21’s net profits of 5% of the gross receipts of the Picture in excess of actual moving breakeven; and (iii) deferments of ***each from the gross receipts in excess of gross receipts equal to the aggregate of actual moving breakdown plus ***of the gross receipts, and each ***gross receipts thereafter. In the event production of the Picture is abandoned after commencement of principal photography, for any reason other than a default by Studio 21 or National Lampoon, Inc., Studio 21 shall repay Warner on demand that portion of that ***paid on commencement of principal photography as the number of weeks from commencement of principal photography to abandonment bears to the scheduled number of weeks of principal photography of the Picture. In the event of a material default by Studio 21 or National Lampoon, Inc., Studio 21 shall repay Warner the entire *** on demand without any prejudice to any claim by Warner which it may have or assert against Studio 21 or National Lampoon, Inc. as a result of said default. ***The Registrant has omitted this portion of this exhibit pursuant to a request for confidential treatment. The omitted material has been filed separately with the Securities and Exchange Commission.
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National Lampoon. For the use of the name “National Lampoon” in the Picture, Studio 21 shall receive $250,000 upon commencement on principal photography plus (i) 2½ of the adjusted gross receipts of the Picture in excess of the greater of two times the cost of production of the Picture and interest once or actual cash breakeven including interest once, to actual breakeven; (ii) an allocation from Studio 21’s net profits of 5% of the gross receipts of the Picture in excess of actual moving breakeven; and (iii) deferments of $250,000 each from the gross receipts in excess of gross receipts equal to the aggregate of actual moving breakdown plus $10,000,000 of the gross receipts, and each $10,000,000 gross receipts thereafter. In the event production of the Picture is abandoned after commencement of principal photography, for any reason other than a default by Studio 21 or National Lampoon, Inc., Studio 21 shall repay Warner on demand that portion of that $250,000 paid on commencement of principal photography as the number of weeks from commencement of principal photography to abandonment bears to the scheduled number of weeks of principal photography of the Picture. In the event of a material default by Studio 21 or National Lampoon, Inc., Studio 21 shall repay Warner the entire $250,000 on demand without any prejudice to any claim by Warner which it may have or assert against Studio 21 or National Lampoon, Inc. as a result of said default.
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Examples of National Lampoon in a sentence

  • In the event of a material default by Studio 21 or National Lampoon, Inc., Studio 21 shall repay Warner Bros.

  • ATTN: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ F: ▇▇▇-▇▇▇-▇▇▇▇ If to NL: National Lampoon, Inc.

  • In the event production of the picture is abandoned after commencement of principal photography, for any reason other than a default by Studio 21 or National Lampoon, Inc., Studio 21 shall repay Warner Bros.

  • The Company is hereby permitted to include 1,000,000 shares of common stock held by National Lampoon, Inc.

  • If Warner Books does not negotiate for any print publication rights then National Lampoon, Inc.

  • REGISTRATION DATE MARK GOODS/SERVICES ----------------------------- ---------------- ------------------------ ----------------------- ---------------------- PRESS JUNKY National Lampoon Entertainment 2,419,086 01/09/2001 Networks, Inc.

  • Until further notice, the address of the parties shall be as follows: National Lampoon, Inc.

  • Television’s then current standard definition of net profits; (d) the royalties and net profits payable pursuant to (a), (b) and (c) above shall include and bear similar payments to Joh▇ ▇▇▇▇▇▇ ▇▇ National Lampoon, Inc.

  • Burly Bear and NATIONAL with a National Lampoon security Networks shows LAMPOON interest held by James P.

  • REGISTRATION DATE MARK GOODS/SERVICES ----------------------------- ---------------- ------------------------ ----------------------- ---------------------- BURLYTV National Lampoon Entertainment 2,560,466 04/09/2002 Networks, Inc.