Certain Entities. If Seller or Parent Guarantor is a partnership, limited liability company, or other unincorporated association, then: (a) Parent Guarantor's liability shall not be impaired by changes in the name or composition of Seller or Parent Guarantor; and (b) the withdrawal or removal of any partner(s) or member(s) of Seller or Parent Guarantor shall not diminish Parent Guarantor's liability or (if Parent Guarantor is a partnership) the liability of any withdrawing general partner of Parent Guarantor.
Appears in 2 contracts
Sources: Parent Guaranty and Indemnity (KBS Real Estate Investment Trust, Inc.), Parent Guaranty and Indemnity (KBS Real Estate Investment Trust, Inc.)