Tangible Materials. To the extent the Company owns or controls Tangible Materials used in connection with the Exploitation of an Owned Program or a Licensed Program, such Tangible Materials are stored and maintained directly by the Company, or on its behalf, in customary storage facilities or laboratories in accordance with customary industry practice for the use and preservation of such materials. To the extent any such Tangible Materials are not owned completely or directly by the Company, the Company has or has the right to customary access to such materials sufficient to Exploit such Tangible Materials in the manner and to the extent currently Exploited.
Appears in 2 contracts
Sources: Membership Interest Purchase Agreement (Hemisphere Media Group, Inc.), Securities Purchase Agreement (Hemisphere Media Group, Inc.)
Tangible Materials. To the extent the Company owns or controls Tangible Materials used in connection with the Exploitation of an Owned Program or a Licensed Program, such Tangible Materials are stored and maintained directly by the Company, or on its behalf, in customary storage facilities or laboratories in accordance with customary industry practice for the use and preservation of such materials. To the extent any such Tangible Materials are not owned completely or directly by the Company, the Company has has, or has the right to to, customary access to such materials sufficient to Exploit such Tangible Materials in the manner and to the extent currently Exploited.
Appears in 1 contract
Sources: Stock Acquisition Agreement (Madison Technologies Inc.)