Persons entitled
- Film Finances Inc
Brief description
Each of the “chargors” (as that term is defined in the deed instrument dated 6TH september 2024 (the “deed”)) hereby:. 5.1 charge absolutely to film finances inc (the “guarantor”) all present and future rights, title and interest of the chargor 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 the “excluded assets” (as such term is defined in the deed); and. 5.2 charge absolutely to the guarantor all present and future interest and rights of the chargor in and to the “production agreements”, the “financing agreements” (as those terms are defined in the deed) and all other present and future agreements entered into by the chargor in connection with the production of the film as a continuing security, other than the excluded assets;. 5.3 charge in favour of the guarantor with the payment and discharge of the “secured sums” (as such term is defined in the deed) by way of first fixed charge all present and future property acquired for the production of the film, other than the excluded assets; and. 5.4 charge in favour of the guarantor with the payment and discharge of the secured sums by way of first floating charge the whole of the chargor’s undertaking and assets relating to the film, wheresoever and whatsoever, present and future, other than the excluded assets and any assets for the time being effectively assigned or charged to the guarantor pursuant to the previous sub-clauses of this clause or otherwise howsoever,. In each case relating solely to any property, assets or resources of the applicable chargor purchased, developed, produced, created or acquired in respect of the film only and expressly excluding the excluded assets (as defined below) (the property and assets of the chargors for the time being assigned or charged to the guarantor under clauses 5.1, 5.2, 5.3 and 5.4 above being hereinafter called the “charged property” which for the avoidance of doubt shall not include any sequel, prequel, remake, television spin-off, stageplay, radio or computer game rights in relation to the film as such terms are customarily understood in the motion picture and television industry of england) provided that on the payment or discharge of the secured sums and the guarantor having no further liability of any nature under the guarantee, the guarantor shall promptly, at the written request and at the cost and expense of the chargors, release or re-assign the charged property from the security constituted by this agreement and the guarantor shall sign all such documentation as the chargors shall reasonably request to confirm such release and re-assignment and the guarantor shall at the same time execute such reasonable documentation as shall confirm the termination of the power of attorney attached as the first schedule hereto and/or the production takeover letter.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.