Common use of Loan-out Corporation Clause in Contracts

Loan-out Corporation. Except where otherwise provided herein, this Agreement will apply equally in all respects whether a Director or Second Unit Director contracts through a loan-out corporation or directly with a Producer. In the event that the Director or Second Unit Director provides services through a loan- out corporation, such loan-out corporation guarantees the personal services of the Director or Second Unit Director referred to in the Contract for Services. The Contract for Services binds in solidarity the Director or Second Unit Director and the loan-out corporation.

Loan-out Corporation. ‌ Except where otherwise provided herein, this Agreement will apply equally in all respects whether a Director or Second Unit Director contracts through a loan-out corporation or directly with a Producer. In the event that the Director or Second Unit Director provides services through a loan- out corporation, such loan-out corporation guarantees the personal services of the Director or Second Unit Director referred to in the Contract for Services. The Contract for Services binds in solidarity the Director or Second Unit Director and the loan-out corporation.