Persons entitled
- Film Finances Inc.
Brief description
The producer as a continuing security:-. 5.1 assigns absolutely to the guarantor all present and future rights, title and interest of the producer in the film and in the script and all other written and musical matter embodied or to be embodied or used in the film or acquired in connection with its production and the negative and prints thereof and all rights of representing, exploiting and exhibiting the same other than (in the case of the producer) the excluded assets; and. 5.2 assigns absolutely to the guarantor in the case of the producer all present and future interest and rights of the producer other than the excluded assets; and. 5.3 charges in favour of the guarantor with the payment and discharge of the secured sums by way of first fixed charge all present and future property acquired for the production of the film other than (in the case of the producer) the excluded assets. Negative pledge.. The producer:-. 6.1 shall not create, grant or permit to subsist any mortgage, security interest or charge, whether fixed or floating (other than any created by or pursuant to the transaction documents) on or over all or any part of the charged property, whether ranking in priority to, behind or pari passu with the security hereby created, unless otherwise agreed by the guarantor (acting reasonably).
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.