The winding up, liquidation, shutdown, bankruptcy, merger or transfer of the party subject to the insurance either by inheritance, will, grant, sale, transfer or other disposals shall not hinder the payment of all entitlements of the Committee.

The successor shall be jointly responsible with the former employers for the implementation of all obligations due thereby to the Committee.

However, should the party subject to insurance be transferred by inheritance or will, the joint responsibility of the inheritors or legatees shall be within the limits of the estate transferred thereto.