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8. (1) Every bond, guarantee or other security of a continuing nature made or given by RTÉ relating to the orchestra or the choirs to any person, or by any person to RTÉ relating to the orchestra or the choirs, that is in force immediately before the transfer day, and every contract, agreement or arrangement made by RTÉ relating to the orchestra or the choirs that is in force but is not fully executed and completed immediately before the transfer day, shall continue in force on and after that day and shall be construed and have effect as if the name of the NCH were substituted therein for that of RTÉ.
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