Common use of Collaterals Clause in Contracts

Collaterals. (1) The Mortgagor agrees to use the following properties (as detailed in the List of Collaterals (No.: see 18.8) as the collaterals. (2) The appraised price/agreed price of the collaterals is RMB (in words) see 18.3, and the ultimate value of the collaterals shall be subject to the net income from the actual disposal of the collaterals when the mortgage rights are exercised. Agreements on the value of the collaterals as specified in the List of Collaterals shall not serve as the basis of valuation when the Mortgagee disposes of the collaterals, nor shall it constitute any restrictions on the Mortgagee's exercise of the mortgage rights hereunder.

Collaterals. (1) The Mortgagor agrees to use the following properties (as detailed in the List of Collaterals (No.: see 18.817.7)) as the collaterals. (2) The appraised price/agreed price of the collaterals is RMB (in words) see 18.317.3, and the ultimate value of the collaterals shall be subject to the net income from the actual disposal of the collaterals when the mortgage rights are exercised. Agreements on the value of the collaterals as specified in the List of Collaterals shall not serve as the basis of valuation when the Mortgagee disposes of the collaterals, nor shall it constitute any restrictions on the Mortgagee's exercise of the mortgage rights hereunder.