Common use of Early Guarantee Liability Clause in Contracts

Early Guarantee Liability. During the term of the existence of the guarantee right, in the event that the debt is declared due in advance by Party B according to the principal contract, Party B has the right to require Party A to take the responsibility of guarantee for ten (10) business days since the declared due date, and Party A agrees to take the responsibility of guarantee as required by Party B.

Appears in 2 contracts

Samples: Kirin International Holding, Inc., Kirin International Holding, Inc.

AutoNDA by SimpleDocs

Early Guarantee Liability. During the term of the existence of the guarantee right, in the event that the debt is declared due in advance by Party B according to the principal contract, Party B has the right to require Party A to take the responsibility of guarantee for ten thirty (1030) business days since the declared due date, and Party A agrees to take the responsibility of guarantee as required by Party B.

Appears in 1 contract

Samples: Loan Agreement (Kirin International Holding, Inc.)

AutoNDA by SimpleDocs

Early Guarantee Liability. During the term of the existence of the guarantee right, in the event that the debt is declared due in advance by Party B according to the principal contract, Party B has the right to require Party A to take the responsibility of guarantee for ten (10) business days since the declared due date, and Party A agrees to take the responsibility of guarantee as required by Party B.

Appears in 1 contract

Samples: Enterprise Loan Agreement (Kirin International Holding, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!