Common use of Evaluation and Acceptance Clause in Contracts

Evaluation and Acceptance. Distributor will evaluate all Delivery Materials for technical acceptance promptly after their receipt. All Delivery Materials will be considered technically satisfactory and accepted by Distributor unless within fifteen (15) days after receipt Distributor gives Licensor Notice specifying any technical defect. If Distributor’s Notice is accurate, then Licensor will, at its election, either: (i) promptly correct the defect and redeliver the affected Delivery Materials; or (ii) promptly deliver replacement Delivery Materials; or (iii) exercise its rights of suspension or withdrawal pursuant to Paragraph In case of a redelivery, the procedures in this Paragraph will continue until Delivery is deemed made or the Picture is withdrawn. If Distributor has undertaken a First Release of the Picture then any alleged defect will be deemed waived by Distributor.

Appears in 1 contract

Sources: Licensing Agreement

Evaluation and Acceptance. Distributor will evaluate all Delivery Materials for technical acceptance promptly after their receipt. All Delivery Materials will be considered technically satisfactory and accepted by Distributor unless within fifteen (15) days after receipt Distributor gives Licensor Notice specifying any technical defect. If Distributor’s Notice is accurate, then Licensor will, at its election, either: (i) promptly correct the defect and redeliver the affected Delivery Materials; or (ii) promptly deliver replacement Delivery Materials; or (iii) exercise its rights of suspension or withdrawal pursuant to Paragraph 14) In case of a redelivery, the procedures in this Paragraph will continue until Delivery is deemed made or the Picture is withdrawn. If Distributor has undertaken a First Release of the Picture then any alleged defect will be deemed waived by Distributor.

Appears in 1 contract

Sources: Multiple Rights Distribution Agreement