Determination of Principal Claims. The claims under the Maximum Mortgage shall be determined under any of the following circumstances: A. Effective Term under Article 1.1 expires; B. It is impossible for new claims to occur; C. Mortgaged properties have been sealed and/or seized; D. The Debtor and/or Party B has been declared as bankrupt or has been cancelled; E. Other circumstances as provided for determination of claims by the laws.
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Samples: Maximum Mortgage Contract (Kirin International Holding, Inc.), Working Capital Borrowing Contract (Sooner Holdings Inc /Ok/), Working Capital Borrowing Contract (Sooner Holdings Inc /Ok/)
Determination of Principal Claims. The claims under the Maximum Mortgage Guarantee shall be determined under any of the following circumstances:
A. Effective Term under Article 1.1 expires;
B. It is impossible for new claims to occur;
C. Mortgaged properties have been sealed and/or seized;
D. The Debtor and/or Party B has been declared as bankrupt or has been cancelled;
E. D. Other circumstances as provided for determination of claims by the laws.
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Samples: General Financing Agreement for Export Order (Sooner Holdings Inc /Ok/)
Determination of Principal Claims. The claims Claims under the Maximum Mortgage Guarantee shall be determined under any of the following circumstances:
A. Effective Term under Expiry of the term as specified in Article 1.1 expires1.1;
B. It is impossible for new claims Claims to occur;
C. Mortgaged properties have been sealed Borrower and/or seizedParty B are disclosed as bankrupt or are cancelled;
D. The Debtor and/or Party B has been declared as bankrupt or has been cancelled;
E. Other circumstances as provided specified for determination of claims determining Claims by the lawslaws and regulations.
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