Common use of Advanced Guarantee Responsibilities Clause in Contracts

Advanced Guarantee Responsibilities. During the warranty period, when any default under master contract or other situations which is considered as can affect the realization of creditor’s right by Creditor happen, Creditor can announce the debt immediately due and payable, and has the right to ask the guarantor to assume security responsibility on the date announced by Creditor, guarantor agrees to assume the security responsibility as Creditor requested.

Advanced Guarantee Responsibilities. During the warranty period, when any default under master contract or other situations which is considered as can affect the realization of creditor’s right by Creditor your bank happen, Creditor your bank can announce the debt immediately due and payableexpire in advance, and has the right to ask the guarantor to assume assumes security responsibility on the date announced by Creditoryour bank, guarantor agrees to assume the security responsibility as Creditor your bank requested.