Common use of Acquired Supplemental Programs Clause in Contracts

Acquired Supplemental Programs. If the Company (or its subsidiaries) acquires the rights to a program for exploitation in any region of the Territory, it will also acquire the rights for such program in the United States, or if it does not acquire such US rights, it will notify PEGI that such rights are available, and PEGI will determine whether it wishes to acquire such program. If PEGI wishes to acquire the US distribution rights to such program it will provide to the Company the range of acceptable terms, and the Company will use its commercially reasonable efforts to acquire such US distribution rights on PEGI's behalf. The Company will not enter into any binding agreement on PEGI's behalf which is outside such range of acceptable terms without PEGI's prior written consent.

Appears in 2 contracts

Sources: Operating Agreement (Playboy Enterprises Inc), Operating Agreement (Claxson Interactive Group Inc)