Physical Materials definition
Examples of Physical Materials in a sentence
To the extent any Credit Party has control over, or rights to receive, any of the Physical Materials relating to any item of Product, deliver or cause to be delivered to a Laboratory or Laboratories all negative and preprint material, master tapes and all sound track materials with respect to each such item of Product and deliver to the Administrative Agent a fully executed Pledgeholder Agreement with respect to such materials.
Act as pledgeholder for the Administrative Agent for the benefit of the Lenders with the same effect as if the Administrative Agent for the benefit of the Lenders were a pledgee in possession of all Physical Materials relating to an Item of Product that a Credit Party owns or licenses and/or for which a Credit Party has access which are now or hereafter in the actual or constructive possession of any Credit Party, subject to such access as shall be necessary to produce and distribute such Item of Product.
The Director maintains and makes readily available the Terms and Conditions of Use for Borrowing Physical Materials that includes the fee schedule, borrowing periods and renewal limits.
Unless otherwise specified in the Deal Terms, the Physical Materials will be shipped to Distributor by air transport.
Licensee is not granted the right to possess or Exhibit any Physical Materials.