English to Bulgarian Art/Literary Cinema, Film, TV, Drama TV License for Running Films

3.1. General. For each Licensed Title, the Licensor or its designee shall make available to Licensee, at Licensee’s sole cost and expense: (a) a source file (“Source File”) or a videotape or digitally encoded master (a “Master”) in SD format; or (b) if Licensee is granted HD rights pursuant to the terms of this Agreement, a Source File or Master in HD format, if available to Licensor without incremental cost. Licensor or its designee shall also make available any Language file or Master in the Language (as applicable) for each Licensed Title, if available to Licensor without incremental cost. Licensee will be entitled to down-convert a Source File or a Master, as applicable, in HD format to SD format; provided that any such down-converted version (i) is of a quality equal to or exceeding then-current industry standards and (ii) maintains the original aspect ratio of the applicable HD materials.