Persons entitled
- Film Finances, Inc.
Brief description
Each of the chargors (to the extent of its rights, title and interest), as a continuing security (but only insofar as the company owns such rights), subject only to the rights and prior security interests of the financiers under the financing agreements and the interparty agreement, hereby charges absolutely to the guarantor all present and future rights, title and interest of the company 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.. Negative pledge. Each of the chargors 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 production agreements, the financing agreements, the terms of the interparty agreement and any agreements pursuant to which the company has granted rights to distribute the film) 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.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.