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| licensing intermediary (Licensing Intermediary means any of *** Kft, *** Limited, *** Kft, any of their respective affiliates, or any other licensing intermediary reasonably acceptable to the Administrative Agent, through which any distribution or exploitation rights are transferred as a conduit between a Credit Party (or another Licensing Intermediary) and the ultimate licensee, on terms and subject to conditions that are reasonably acceptable to the Administrative Agent 'More) | |||