Examples of Netflix License Agreement in a sentence
Netflix itself made clear, at confirmation, that it understood that the planned revenues from the distributions of Masterminds and The Disappointments Room, and future payments under the Netflix License Agreement generally, were essential to Relativity’s financial forecasts and the feasibility of its reorganization plan.
All such obligations and duties of the Borrower under the Completion Agreement, the Netflix License Agreement and the other Collateral, shall be and remain enforceable only against the Borrower and shall not be enforceable against the Lender.
The errors and omissions policy shall be in a minimum amount of $3,000,000 per occurrence and $5,000,000 in the aggregate, with a deductible of not more than $25,000, and a period of coverage of approximately not less than three (3) years from the Closing Date (plus such longer periods as such coverage is required to be in effect pursuant to the Netflix License Agreement).
If the Borrower fails after the Lender’s demand to pursue diligently any right under the Netflix License Agreement or any other agreement entered into by the Borrower with respect to the Collateral, or if an Event of Default then exists, the Lender may directly enforce such right in its own or the Borrower’s name and may enter into such settlements or other agreements with respect thereto as the Lender shall determine.
The Lender shall have under this Agreement and the other Loan Documents an assignment of and Lien on only the benefits of and rights under the Completion Agreement, the Netflix License Agreement and the other Collateral.
The Borrower is not in default under the Netflix License Agreement, the Completion Agreement or any of the other Loan Documents to which it is a party.
Notwithstanding any provision hereof to the contrary, the Borrower shall at all times remain liable to observe and perform all of its duties and obligations under the Completion Agreement, the Netflix License Agreement and the other Collateral, and the Lender’s exercise of any of their rights with respect to the Collateral shall not release the Borrower from any of such duties and obligations.
If prohibited by the Netflix License Agreement, the Borrower shall not exhibit the Series (or any Episode) for any Person other than Persons involved in the production of the Series, the Completion Guarantor, Netflix and the Lender or their authorized representatives, without the Lender’s prior approval, which approval will not be unreasonably withheld.
If prohibited by the Netflix License Agreement, the Borrower shall not exhibit Season Two (or any Episode) for any Person other than Persons involved in the production of Season Two, the Completion Guarantor, Netflix and the Lender or their authorized representatives, without the Lender’s prior approval, which approval will not be unreasonably withheld.
If the Borrower, Netflix or the Irish Co-Producer fail to make payment or take any action required under the Netflix License Agreement, the Netflix Notice of Assignment, the Co-Production Agreement, any other Loan Document or the Completion Agreement, the Lender may make such payments and take all such actions as the Lender deems necessary to protect the Lender’s Lien in the Collateral and/or the value thereof.