Common use of Collaterals Clause in Contracts

Collaterals. 3.1 Please refer to the Collaterals List for details of the Collaterals. Such list attached to this Contract shall have the same force and effect with this Contract. 3.2 Party A's mortgages shall be extended to accessory things, accessory rights, attachments, additions, natural and legal fruits, substitutes of and arising from the Collaterals, and insurance proceeds, damages and compensations arising from loss, destruction or forfeiture of the Collaterals. 3.3 If the Collaterals are seized by the People's Court according to law due to any failure to perform its due obligations by the Debtor or realization of mortgages hereunder, Party A shall be entitled to collect natural and legal fruits from the Collaterals from the date of such seizure. And such fruits shall be firstly used for paying for collection of the same. 3.4 The agreed values of Collaterals on the Collaterals List shall not be deemed as the appraisal grounds for disposal of such Collaterals by Party A, nor limit Party A's rights to exercise the mortgages. 3.5 Unless otherwise as provided in the laws, title certificates and relevant information of Collaterals shall be kept by Party A after they are jointly confirmed by Party A and Party B. 3.6 During the mortgage, Party B shall keep the Collaterals in good conditions without reducing their values by using such Collaterals in an unreasonable manner. Meanwhile, Party A shall be entitled to have access to the use of Collaterals from time to time. 3.7 Party B shall promptly inform Party A of any destruction, loss or forfeiture of the Collaterals, as well as submit to Party A the certifications specifying any such destruction, loss or forfeiture issued by relevant competent authorities or department in a timely manner. 3.8 If the Collaterals are destroyed, lost or forfeited, the insurance proceeds, damages or compensations obtained by Party B shall be applied to clear the Debtor's obligations under the Principal Contracts in advance, or to recover values of Collaterals upon consents of Party A, or shall be deposited into an account as designated by Party A, so as to guarantee performance of obligations under the Principal Contracts. The values of Collaterals that have not been reduced shall be applied to guarantee the Principal Claims. 3.9 Party B shall cease any of its activities that is enough to reduce values of the Collaterals; if values of the Collaterals are reduced due to any such activities, it shall be obligated to recover values of the Collaterals, or provide other collaterals whose values equal to the reduced values.

Collaterals. 3.1 Please refer to the Collaterals List for details of the Collaterals. Such list attached to this Contract shall have the same force and effect with this Contract. 3.2 Party A's mortgages shall be extended to accessory things, accessory rights, attachments, additions, natural and legal fruits, substitutes of and arising from the Collaterals, and insurance proceeds, damages and compensations arising from loss, destruction or forfeiture of the Collaterals. 3.3 If the Collaterals are seized by the People's Court according to law laws due to any failure to perform its due obligations by the Debtor or realization of mortgages hereunder, Party A shall be entitled to collect natural and legal fruits from the Collaterals from the date of such seizure. And such fruits shall be firstly used for paying for collection of the same. 3.4 The agreed values of Collaterals on the Collaterals List shall not be deemed as the appraisal grounds for disposal of such Collaterals by Party A, nor limit Party A's rights to exercise the mortgages. 3.5 Unless otherwise as provided in the laws, title certificates and relevant information of Collaterals shall be kept by Party A after they are jointly confirmed by Party A and Party B. 3.6 During the mortgage, Party B shall keep the Collaterals in good conditions without reducing their values by using such Collaterals in an unreasonable manner. Meanwhile, Party A shall be entitled to have access to the use of Collaterals from time to time. 3.7 Party B shall promptly inform Party A of any destruction, loss or forfeiture of the Collaterals, as well as submit to Party A the certifications specifying any such destruction, loss or forfeiture issued by relevant competent authorities or department in a timely manner. 3.8 If the Collaterals are destroyed, lost or forfeited, the insurance proceeds, damages or compensations obtained by Party B shall be applied to clear the Debtor's obligations under the Principal Contracts in advance, or to recover values of Collaterals upon consents of Party A, or shall be deposited into an account as designated by Party A, so as to guarantee performance of obligations under the Principal Contracts. The values of Collaterals that have not been reduced shall be applied to guarantee the Principal Claims. 3.9 Party B shall cease any of its activities that is enough to reduce values of the Collaterals; if values of the Collaterals are reduced due to any such activities, it shall be obligated to recover values of the Collaterals, or provide other collaterals whose values equal to the reduced values.

Collaterals. 3.1 Please refer to The collaterals are set forth in the List of Collaterals in details. The List for details of the Collaterals. Such list attached Collaterals is an exhibit to this Contract shall have agreement, and has the same legal force and effect with as this Contractagreement. 3.2 Party A's mortgages shall be extended The legal effect of the mortgage extends to accessory thingsthe accessories, accessory rights, attachmentsappurtenants, additionsaccessed property, natural and legal fruits, substitutes of and arising from the Collaterals, and any insurance proceeds, damages and or compensations arising obtained from lossthe destruction, destruction loss or forfeiture expropriation of the Collateralscollaterals. 3.3 If Where the Collaterals debtors fail to perform any due obligation or where any circumstance for realizing the mortgage hereunder occurs, and the collaterals are seized thus attached by the People's Court according to law due to any failure to perform its due obligations by the Debtor or realization of mortgages hereunderpeople’s court, Party A shall be is entitled to collect receive the natural and or legal fruits separated from the Collaterals collaterals from the date of such seizure. And attachment, and use such fruits shall be firstly used to pay the costs for paying for collection of receiving the samefruits in the first place. 3.4 The agreed values value of collaterals specified in the List of Collaterals on the Collaterals List shall not be deemed serve as the appraisal grounds basis for disposal of valuation when Party A disposes such Collaterals by collaterals, nor constitute any restrictions on Party A, nor limit Party A's rights to ’s exercise of the mortgagesmortgage. 3.5 Unless otherwise as provided in the laws, The title certificates and relevant information documents of Collaterals the collaterals shall be kept by Party A after they are jointly confirmed by Party A both parties hereto confirm, unless laws and Party B.regulations provide otherwise. 3.6 During the term of the mortgage, Party B shall keep maintain the Collaterals collaterals in good conditions without reducing sound conditions, and may not use them unreasonably and reduce their values by using such Collaterals in an unreasonable mannervalue. Meanwhile, Party A shall be entitled has the right to have access to inspect the use and management of Collaterals from time to the collaterals at any time. 3.7 Where the collaterals are damaged, destructed, or expropriated, Party B shall promptly inform immediately notify Party A, and provide Party A of any destruction, loss or forfeiture of with the Collaterals, as well as submit to Party A the certifications specifying any such destruction, loss or forfeiture certificates issued by relevant competent authorities with respect to such damage, destruction or department in a timely mannerexpropriation. 3.8 If Where the Collaterals collaterals are destroyeddamaged, lost destructed, or forfeitedexpropriated, the insurance proceeds, damages or compensations obtained by Party B shall be applied to clear the Debtor's obligations satisfaction of the debts under the Principal Contracts in advanceContracts, or to recover values the recovery of Collaterals value of the collaterals upon consents consent of Party A, or shall be deposited into an the account as designated by Party A, so as to guarantee secure the performance of obligations the debts under the Principal Contracts. The values value left with the collaterals shall remain as the security of Collaterals that have not been reduced shall be applied to guarantee the Principal Claimsprincipal debts. 3.9 Party B shall cease immediately stop any of its activities act that is enough to may reduce values value of the Collaterals; if values of collaterals, and shall recover the Collaterals are reduced due to any such activities, it shall be obligated to recover values of the Collateralsvalue thus reduced, or provide other collaterals whose values equal security equivalent to the reduced valuesvalue.