Common use of Assignment to a Company Clause in Contracts

Assignment to a Company. in the case of an assignment to a company, the shares in which are not listed on the New Zealand Stock Exchange, the directors and shareholders of the assignee must (if the Lessor requires) guarantee the assignee's obligations under the deed of covenant executed by the assignee.

Assignment to a Company. in the case of an assignment to a company, the shares in which are not listed on the New Zealand Stock Exchange, the directors and shareholders of the assignee must (if the Lessor requires) guarantee the assignee's obligations under the deed of covenant executed by the assignee.; and