Common use of Change in Composition Clause in Contracts

Change in Composition. Should the status, composition, structure or name of Tenant change, including, but not limited to, by reason of a merger, dissolution, consolidation or reorganization, this Guaranty shall continue and also cover the indebtedness and Obligation of Tenant under the new status, composition structure or name according to the terms hereof.

Appears in 2 contracts

Sources: Guaranty Agreement (Renaissance Entertainment Corp), Guaranty Agreement (Renaissance Entertainment Corp)