Licensed Telecast

Licensed Telecast. Means: (i) the Telecast of an event that: (A) takes place within the Territory and is licensed for Telecast by the rightsholder(s) of such event, with the intent that such event be Telecast exclusively or primarily within the Territory; or (B) takes place anywhere in the world (including the Territory) and is Telecast internationally, for which Licensee has received specific permission from (1) PVI or a third party licensee of PVI, and (2) the local rights holder of such event (to the extent... that PVI does not already have such permission or such permission is otherwise required), to insert Electronic Images into the Telecast of such event exclusively or primarily within the Territory; (ii) the Telecast, solely within the Territory, of any content that Licensee shall have modified, post-production, using the L-VIS(TM) System; and (iii) the Telecast of any other event or content that PVI and Licensee have agreed, in writing, will be a Licensed Telecast. In the event of any uncertainty or disagreement as to whether any content or event constitutes a Licensed Telecast, PVI shall, in the exercise of its reasonable discretion, consistently applied with respect to all of its licensees, make the final determination as to whether such content or event is a Licensed Telecast. View More

Licensed Telecast. Means the Telecast of any event or content that is distributed by a System Operator that is a Licensee hereunder.