Common use of Enforcement of Guarantee Clause in Contracts

Enforcement of Guarantee. 6.1 Party A can directly ask Party B to pay the loan principal and interest and relevant expenses which the Debtor fails to repay according to the principal agreement, and Party A is entitled to claim for the amount due, and to deduct the payable amount in the accounts Party B opened with Party A or any branches of Party A without Party B’s permission. 6.2 In case the debt is guaranteed by both the personal guarantee and guarantee in rem, then if the debtor fails to repay the debt due or the circumstance where the guarantee shall be enforced as agreed by the parties happens, Party A is entitled to choose guarantee in rem as the way to perform the guarantee (as to the debt with both the personal guarantee and guarantee in rem) or require Party B to assume the guaranty liability. 6.3 Party A is entitled to ask Party B to assume the guarantee liability beforehand by written notification in case of any circumstance as follows: a. The Principal Agreement shall be canceled upon conditions stipulated by the law or terms and conditions; b. The debt under the Principal Agreement can not be liquidated or liquidated in whole when other situations agreed by the parties in the Principal Agreement for the early repayment of the debt happen. 6.4 Other guarantors (and/or Party B) undertake to assume their guarantee liabilities even after the Creditor waives the guarantee rights or the priority of the guarantee in rem or changes the guarantee in rem.

Enforcement of Guarantee. 6.1 Party A can directly ask Party B to pay the loan principal and interest and relevant expenses which the Debtor fails to repay according to the principal agreement, and Party A is entitled to claim for the amount due, and to deduct the payable amount of which the debtor should repay, in the accounts Party B opened with Party A or any branches of Party A without Party B’s permission. 6.2 In case the debt is guaranteed by both the personal guarantee and guarantee in rem, then if the debtor fails to repay the debt due or the circumstance where the guarantee shall be enforced as agreed by the parties happens, Party A is entitled to choose guarantee in rem as the way to perform the guarantee (guarantee, as to the debt with both the personal guarantee and guarantee in rem) , or require Party B to assume the guaranty liability. 6.3 Party A is entitled to ask Party B to assume the guarantee liability beforehand by written notification in case of any circumstance as follows: a. The Principal Agreement shall be canceled upon conditions stipulated by the law or terms and conditions; b. The debt under the Principal Agreement can not be liquidated or liquidated in whole when other situations agreed by the parties in the Principal Agreement for the early repayment of the debt happen. 6.4 Other guarantors (and/or Party B) undertake to assume their guarantee liabilities even after the Creditor waives the guarantee rights or the priority of the guarantee in rem or changes the guarantee in rem.

Enforcement of Guarantee. 6.1 Party A can directly ask Party B to pay the loan principal and interest and relevant expenses which the Debtor fails to repay according to the principal agreement, and Party A is entitled to claim for the amount due, and to deduct the payable amount of which the debtor should repay in the accounts Party B opened with Party A or any branches of Party A without Party B’s permission. 6.2 In case the debt is guaranteed by both the personal guarantee and guarantee in rem, then if the debtor fails to repay the debt due or the circumstance where the guarantee shall be enforced as agreed by the parties happens, Party A is entitled to choose guarantee in rem as the way to perform the guarantee (guarantee, as to the debt with both the personal guarantee and guarantee in rem) , or require Party B to assume the guaranty liability. 6.3 Party A is entitled to ask Party B to assume the guarantee liability beforehand by written notification in case of any circumstance as follows: a. The Principal Agreement shall be canceled upon conditions stipulated by the law or terms and conditions; b. The debt under the Principal Agreement can not be liquidated or liquidated in whole when other situations agreed by the parties in the Principal Agreement for the early repayment of the debt happen. 6.4 Other guarantors (and/or Party B) undertake to assume their guarantee liabilities even after the Creditor waives the guarantee rights or the priority of the guarantee in rem or changes the guarantee in rem.

Enforcement of Guarantee. 6.1 Party A can directly ask Party B to pay the loan principal and interest and relevant expenses which the Debtor fails to repay according to the principal agreement, and Party A is entitled to claim for the amount due, and to deduct the payable amount of which the debtor should repay in the accounts Party B opened with Party A or any branches of Party A without Party B’s permission. 6.2 In case the debt is guaranteed by both the personal guarantee and guarantee in rem, then if the debtor fails to repay the debt due or the circumstance where the guarantee shall be enforced as agreed by the parties happens, Party A is entitled to choose guarantee in rem as the way to perform the guarantee (as to the debt with both the personal guarantee and guarantee in rem) or require Party B to assume the guaranty liability. 6.3 Party A is entitled to ask Party B to assume the guarantee liability beforehand by written notification in case of any circumstance as follows: a. The Principal Agreement shall be canceled upon conditions stipulated by the law or terms and conditions; b. The debt under the Principal Agreement can cannot be liquidated or liquidated in whole when other situations agreed by the parties in the Principal Agreement for the early repayment of the debt happen. 6.4 Other guarantors (and/or Party B) undertake to assume their guarantee liabilities even after the Creditor of the Principal Agreement waives the guarantee rights or the priority of the guarantee in rem or changes the guarantee in rem.

Enforcement of Guarantee. 6.1 Party A can directly ask Party B to pay the loan principal and interest and relevant expenses which the Debtor fails to repay according to the principal agreement, and Party A is entitled to claim for the amount due, and to deduct the payable amount of which the debtor should repay in the accounts Party B opened with Party A or any branches of Party A without Party B’s permission. 6.2 In case the debt is guaranteed by both the personal guarantee and guarantee in rem, then if the debtor fails to repay the debt due or the circumstance where the guarantee shall be enforced as agreed by the parties happens, Party A is entitled to choose guarantee in rem as the way to perform the guarantee (guarantee, as to the debt with both the personal guarantee and guarantee in rem) , or require Party B to assume the guaranty liability. 6.3 Party A is entitled to ask Party B to assume the guarantee liability beforehand by written notification in case of any circumstance as follows: a. The Principal Agreement shall be canceled upon conditions stipulated by the law or terms and conditions; b. The debt under the Principal Agreement can not be liquidated or liquidated in whole when other situations agreed by the parties in the Principal Agreement for the early repayment of the debt happen. 6.4 Other guarantors (and/or Party B) undertake to assume their guarantee liabilities even after the Creditor waives the guarantee rights or the priority of the guarantee in rem or changes the guarantee in rem.