HomeMy WebLinkAbout0754 ~ ` . _ . , ' • ~ . ~ ~ ~ .rc. ~
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~ ~ ,,~(c) ~'Th~t SPC will mafntain its corporate ex~~tenc
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in good stand~ng arid will not wind up, liquidate or'~~
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solve its aff~irs and distribute~ its assets . or enter int
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: ~ any nerger`~ or ~~onsolidation so long as an~r indebte~ness
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~ hereunder to W~S or its assi,ans remains u~paid..; .r~ ~
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~ - ~ . (d) . Tha SPC is solvent and has the ~ability to ~ • ,
~ -;~neet its oblig$`~tions as they mature; that~'none of ~its ;
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' existing or anL~~~cipated obligations are oir will be ` - ~
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r . secured by lien on the proceeds, of the mpvie "The'l1i~d
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_ , Wild World .of J~ yne Mansfield" prior to ~ o~r equal~.ini effe t;'
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: to the liens in ':~favor of WRS provided for~ in ~this . Agree-
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ment : ~i , ; "
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(e) . That 5~~ owns , with regard to 4the movie• ,~'The
~ Wild Wild iKorld o~ Jayne Marisfield", exzlusive ~rights to r:~~• ~
~ distribute and- ex oit said movie in all ~gauges and_ by '•4
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~ ~ all media, includi~g, but not limited to,a theatrical~;= .
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non-theatrical and ~~elevision. ' .
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• - " , . (f) . That SPC t;~as agreements for di~stributior~ of ` = ~
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_ tha said film with ~'~ue Ribbon Pictures, ;Inc. ,~of New ~~x ~
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-i Orleans, Louisiana (4~lled "License Agreements"),;and ~.r.~
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said License Agreemen~s are in full forc~ and effect and y`~~
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that for so long as S is indebted to WRS hereunder~, it
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~ shali not modify, amen ~t supplement or cancel any ~o'f the
~ , provisions of the Liceri~e Agreements or any other such
agreement which SPC may~~ow or in the future entei Ynto
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with any oth~r party or ~arties, in any manner, so as to
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diminish or affect the aslsignment mad~e herein to wRS, no
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shall SPC defauZt in the performance of any of its obli-
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' gations unde~r the' terms a~` the License Agreements . ' ~
(g). That SPC has not herrtofore entered into and
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will not ~n the future enter into any agreement, contrac -:•+y-~
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. or~arrangement, with any firm or corporation whic}i is in
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- ; any manner ih conflict with the terms hereof, or~which ~
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. ~ might or could in any way or at any time, impair, abro- '
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