Common use of Produced Supplemental Programs Clause in Contracts

Produced Supplemental Programs. Unless PEGI otherwise consents and except as set forth in the rest of this paragraph (a), for any Supplemental Program produced by the Company, the Company will either obtain the worldwide rights to such program or will hold sufficient rights to prevent any third party from exploiting such program. With respect to any Supplemental Program the Company intends to co-produce with one or more third parties, the Company will first offer PEGI the opportunity to co-produce the program with the Company on terms which are as favorable to the Company as those available from such third party(ies). If PEGI elects to co-produce such program, PEGI and the Company will each pay that portion of the budget of such program and otherwise participate in such programs on terms reasonably and customary for the applicable split of distribution rights in regions of the Territory between them. If PEGI does not elect to co-produce such program, the Company may proceed with the third party co-producers, but such third party co-producers will not acquire the right to exploit such program using any trademarks licensed to the Company under the Trademark License Agreement or otherwise associated with the Company.