Persons entitled
- Film Finances Canada LTD
Brief description
I) all positive and negative film, voice-recordings, realizations, all sound tracks and all other physical properties of or relating to the film, whether now or hereafter in existence and wherever located;. Ii) all literary property and ancillary rights in relation to the film, including without. Limitation the outline, the underlying literary property (to the extent owned by. Producer) the treatment and the copyrights thereof,. Iii) the copyright in and to the film;. Iv) the music of the film;. V) all rights to distribute, lease, license, sell, exhibit, broadcast or otherwise deal. With the film by all methods and means and in all media throughout the universe;. Vi) all contracts and contract rights, accounts, inventories and general intangibles. Of producer relating to the film or to any literary property and ancillary rights and any. Other elements of the film referred to in this subparagraph; and. Vii) the gross receipts and all other financial proceeds of the collateral, including. All income and receipts derived and to be derived from the marketing, distribution,. Licensing, sale, exhibition, broadcasting and other exploitation of the film and of the. Other elements of the collateral, and (subject to paragraph 3 of these standard terms). All proceeds of insurance relating to the film.. Negative pledge. With respect to its security interest, guarantor, its successors and assigns, are hereby. Granted all of the rights, powers and privileges of a mortgagee, hypothecary creditor, pledgee or. Secured party under applicable canadian and provincial laws (including, but not limited to, the. Provincial laws of ontario) as well as applicable united states and foreign laws in force and effect from. Time to time. Without limiting the generality of the foregoing, in order to protect or to realize upon the. Collateral, guarantor shall be free, subject to the applicable laws, to do any or all of the following:. I) alienate or dispose of any collateral;. Ii) perform any of producer’s obligations;. Iii) exercise any right attached to the collateral;. Iv) acquire the collateral;. V) act as the irrevocable mandatary of producer with full powers of substitution for. All purposes hereunder, or for the purpose of carrying out any and all acts and. Executing any and all deeds, proxies or other documents which guarantor may deem. Useful in order to exercise its rights or which producer neglects or refuses to execute. Or carry out.. C) producer agrees to execute and deliver to guarantor, when requested by guarantor. From time to time, such documentation in form satisfactory to guarantor for recording or other. Purposes, as may be reasonably required to confirm and evidence guarantor’s security interest or. Any equivalent right in and to the collateral. Guarantor is hereby irrevocably appointed producer’S. Attorney-in-fact to execute such instruments in the name of producer, should producer fail to do so. Upon request, and to file or record them as deemed necessary or advisable by guarantor.. D) producer shall not (I) grant any rights, hypothecs, charges or security interests (other. Than the prior rights or through a security instrument entered into by producer and pre-approved in. Writing by guarantor (such approval not to be unreasonably withheld)) ranking in priority to or pari. Passu with the security interest hereby granted; (ii) while any moneys are due to guarantor hereunder,.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.