Common use of Change of the Master Contract Clause in Contracts

Change of the Master Contract. 6.1 If Party B and the Borrower agree to modify the clauses of the Master Contract (including but not limited to the change to the currency of repayment, repayment method, loan bank account number, repayment bank account number, plan of using the loan, date of commencing the interest, date of ending the interest, change to the starting date and the ending date of the debt fulfillment term without extending the term for fulfilling the debt), Party A agrees to hold a joint and several liability for the changed debt under the Master Contract, without separate consent of Party A. Notwithstanding the foregoing, without the prior consent of Party A, where Party B and Borrower agree to extend the term for fulfilling the debt or increase the principal of the Lender’s right, Party A shall only be jointly and severally liable, pursuant to this Contract, for the debt under the Master Contract that has not been changed. 6.2 The guarantee liabilities of Party A shall not be mitigated or exempted due to any one of the following events: (1) Restructuring, consolidation, merger, division, increase or decrease of the registered capital, joint venture, joint operation, change of the name of Party B or Borrower; (2) Party B entrusts a third party to fulfill its obligations under the Master Contract. 6.3 Where the transfer of Lender’s rights or debts under the Master Contract is ineffective, invalid, revoked or rescinded, Party A shall still undertake a joint and several guarantee liability to Party B as specified herein.

Change of the Master Contract. 6.1 If Party B and the Borrower agree to modify the clauses of the Master Contract (including but not limited to the change to the currency of repayment, repayment method, loan bank account number, repayment bank account number, plan of using the loan, date of commencing the interest, date of ending the interest, change to the starting date and the ending date of the debt fulfillment term without extending the term for fulfilling the debt), Party A agrees to hold a joint and several liability for the changed debt under the Master Contract, without separate consent of Party A. Notwithstanding the foregoing, without the prior consent of Party A, where Party B and Borrower agree to extend the term for fulfilling the debt or increase the principal of the Lender’s right, Party A shall only be jointly and severally liable, pursuant to this Contract, for the debt under the Master Contract that has not been changed. 6.2 The guarantee liabilities of Party A shall not be mitigated or exempted due to any one of the following events: (1) Restructuring, consolidation, merger, division, increase or decrease of the registered capital, joint venture, joint operation, change of the name of Party B or Borrower; (2) Party B entrusts a third party to fulfill its obligations under the Master Contract. 6.3 Where the transfer of LenderLxxxxx’s rights or debts under the Master Contract is ineffective, invalid, revoked or rescinded, Party A shall still undertake a joint and several guarantee liability to Party B as specified herein.