Common use of Subsequent Notice Clause in Contracts

Subsequent Notice. MVL shall not be entitled to exercise any of the Rights (as defined below), other than as may be incidental to the pre-production of a Picture (for example, script development and writing, production planning and the like) until MRI shall have delivered a written notice to MVL authorizing MVL to exercise the Rights. Such notice may be delivered to any party entitled thereto as a condition to financing under the Credit Agreement. MRI shall be entitled to give or not give such notice in its sole discretion. MRI shall not assign the right to provide such notice to any person except to an Affiliate of MEI. The requirement to provide such subsequent notice shall in no event impair the vesting of title in the Rights as licensed by this Agreement in MVL.