In all cases the reversion of rights is subject to the following
limitations:
(A) A derivative work prepared under authority of the grant before its
termination may continue to be utilized under the terms of the grant
after its termination, but this privilege does not extend to the
preparation after the termination of other derivative works based upon
the copyrighted work covered by the terminated grant.
(B) The future rights that will revert upon termination of the grant
become vested on the date the notice of termination has been served as
provided by clause (4) of this subsection.
(C) Where the author's rights revert to two or more persons under clause
(2) of this subsection, they shall vest in those persons in the
proportionate shares provided by that clause. In such a case, and
subject to the provisions of subclause (D) of this clause, a further
grant, or agreement to make a further grant, of a particular author's
share with respect to any right covered by a terminated grant is valid
only if it is signed by the same number and proportion of the owners, in
whom the right has vested under this clause, as are required to
terminate the grant under clause (2) of this subsection.
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