GUARANTEE CLAUSE. 6.1 The principal and interest of the Loan and all other relevant expenses hereunder shall be guaranteed by Winner Medical & Textile Ltd. Jingmen, Winner Medical & Textile Ltd. Tianmen, Winner Medical & Textile Ltd. Yichang under an Irrevocable Letter of Guarantee issued in favor of Party A; and
6.2 The Loan under this Contract shall be secured by the collateral, i.e., real properties, to which Winner Industries (Shenzhen) Co., Ltd. has title and the two parties shall enter into a Mortgage Contract separately.
6.3 Other enforcement of guarantee: Xxxxxxxx Xx provides limitless personal liability guarantee.
GUARANTEE CLAUSE. 6.1 The way of guarantee for the loan under this Contract is mortgage.
6.2 Party A is obligated to assist Party B and procure that Party B signs the mortgage contract numbered 18090100-2005 Nian Xxxx Xxxx (Di) No.0006 with the mortgagor.
6.3 In case of occurrence of changes which have a negative impact upon Party B’s creditor’s right, Party B is entitled to urge Party A to provide other security to the satisfaction of Party B.
GUARANTEE CLAUSE. 5.1 All debts owed by Party B to Party A under the Agreement shall be jointly and severally guaranteed by Xxxx Xxxx, Xxxx Xxxxxxxx and Shanghai Tong Gou Information Technology Co., Ltd., which shall issue a separate Letter of Guarantee to Party A. And/or
5.2 All debts owed by Party B to Party A under the Agreement shall be Mortgaged (pledged) with the property that it is entitled to dispose of according to law, the Parties shall sign a separate guarantee contract. If the Guarantor fails to sign the guarantee text and complete the guarantee procedures in accordance with the provisions of this article (including where the debtor of accounts receivable raise a plea against the accounts receivable before the pledge of the accounts receivable), Party A has the right to refuse to provide credit to Party B.
5.3 In the case that the mortgagor provides a real estate mortgage guarantee for all debts owed by Party B to Party A under the Agreement, if Party B shall immediately inform Party A if it knows that the collateral has been or may be included in the government demolition and collection plan, and urges the mortgagor to continuously provide guarantees for Party B’s debts in accordance with the mortgage contract with the compensation goods provided by the demolition party and complete the corresponding guarantee procedures in a timely manner, or take other safeguard measures approved by Party A as required by Party A. In case the collateral has the above circumstances, if the guarantee needs to be reset or other safeguard measures are taken, the relevant expenses incurred shall be borne by the mortgagor, and Party B shall be jointly and severally liable for the expenses. Party A has the right to deduct these fees directly from Party B’s account.
GUARANTEE CLAUSE. (i) The tenderer would give guarantee that the MOBILE MEDICAL UNIT would continue to conform to the description and quality as specified for a period of three years for unlimited kilometer on complete MOBILE MEDICAL UNIT including engine, Gear box, Medical equipment and Generator etc. from the date of delivery of the said MOBILE MEDICAL UNIT to be purchased and that not with standing the fact that the purchaser may have inspected and/or approved the said MOBILE MEDICAL UNIT if during the period of 3 years, the said MOBILE MEDICAL UNIT be discovered not to conform to the description and quality as afore said/ or have determined and the decision of the purchase officer in that behalf will be final and conclusive the purchaser will be entitle to reject the said MOBILE MEDICAL UNIT or such portion there of as may be discovered not to conform to the said description and quality, on such rejection the MOBILE MEDICAL UNIT will be at the sellers risk and all the provisions relating to rejection of goods, etc., Shall apply. The tenderer shall, if so called upon to do so replace the goods, etc. or such portion there of as is rejected by the Purchase Officer, otherwise, the tenderer shall pay such damage as may arise by reason of such breach of the condition here in contained. Nothing here in contained shall prejudice any other right of the Purchase Officer in that behalf under this contract or otherwise.
(ii) In case of machinery and equipment also guarantee will be given as mentioned in above the Tenderer shall during the guarantee period replace parts if any and remove the manufacturing defect if found during the above period so as to make the machinery and equipment operative. The Tenderer shall also replace machinery and equipment in case it is found defective which can not be put to operation due to manufacturing defect etc.
(iii) In case of machinery and equipment specified by the Purchase Officer the Tenderer shall be responsible for carrying out annual maintenance and repairs on the terms & conditions as may be agreed. The Tenderer shall also be responsible to ensure adequate regular supply of spare parts needed for a specific type of machinery and the equipments whether under their annual maintenance and repairs contract or otherwise. In case of change of model he will give sufficient notice to the Purchase Officer who may like to Purchase spare parts from them to maintain the machinery and equipment in perfect condition.
(iv) The price of CMA/AMC if requir...
GUARANTEE CLAUSE. The loan under this contract is guaranteed by the following guarantee contract:
(1) The Maximum Amount Guarantee Contract No. ZGCB (ZB) 20230034.
(2) The Maximum Amount Guarantee Contract No. ZGCB (ZB) 20230036.
(3) he Maximum Amount Guarantee Contract No. ZGCB (ZB) 20230038.
GUARANTEE CLAUSE. 5.1 All the debts owed to Party A by Party B hereunder shall be guaranteed by Winner Medical & Textile Ltd. Yichang, Winner Medical & Textile Ltd. Tianmen and Winner Medical & Textile Ltd. Jingmen who shall be the guarantors of joint and several liabilities. The relevant irrevocable letter of guarantee in favor of Party A shall be signed by the guarantors; and/or
5.2 All the debts owed to Party A by Party B hereunder shall be secured (or pledged) by real property of Winner Industries (Shenzhen) Co., Ltd. which has the title of or is rightfully entitled to dispose of such properties. The specific security contract shall be entered into by both Parties.
5.3 Other means of guarantee: Xxxxxxxx Xx provides personal guarantee with limitless liability.
5.4 Party A may demand Party B to provide other supplementary security or deposit for any specific operation.
GUARANTEE CLAUSE. 5.1 For any debts owed by Party B to Party A under this Agreement, Party B or a third party recognized by Party A shall provide collateral (pledge) guarantee or joint guarantee, and Party B or the third party as guarantor shall issue or sign a separate guarantee agreement as required by Party A.
5.2 Party A shall have the right to refuse to provide credit facility to Party B if the guarantor fails to sign the guarantee agreement and complete the guarantee provision procedures in accordance with the provisions of this Article (including the case that the accounts receivable debtor raises an objection to the accounts receivable before pledge).
5.3 When the mortgagor provides real estate mortgage as security for Party B's debts to Party A hereunder, if Party B is aware that the mortgaged assets are already or likely to be included in the government's demolition and expropriation plan, it shall inform Party A promptly and urge the mortgagor to renew security for Party B's debts with the compensation offered by the demolition party and go through corresponding security procedures as per provisions of the mortgage contract, or provide other security measures acceptable to Party as per Party A's requirements.
GUARANTEE CLAUSE. 5.1 Namtai Investment (Shenzhen) Co., Ltd. is the guarantor of joint and several liability for all the debts owed by Party B to Party A under this Agreement, and shall issue an irrevocable guarantee for maximum amount to Party A.
5.2 For all the debts owed by Party B to Party A under this Agreement, mortgages (pledges) all of the property it owns or is entitled to dispose of according to law, for which a separate guarantee contract shall be concluded. In the event that the guarantors fail to sign the document of guarantee and complete the guarantee formalities in accordance with this clause, Party A is entitled to refuse to grant facility to Party B.
GUARANTEE CLAUSE. 6.1 Other enforcement of guarantee: Xxxxxxxx Xx provides limitless personal liability guarantee.
GUARANTEE CLAUSE. For all the debts owed by Party B to Party A under this Contract, Party B or the third party recognized by Party A shall provide a property mortgage or pledge guarantee or joint guarantee, and Party B or the third Party As guarantor shall separately issue or sign a guarantee text according to Party A’s requirements. If the guarantor provides a real estate mortgage guarantee for all the debts owed by Party B to Party A under this Contract, when Party B knows that the collateral has been or may be included in the government’s demolition and expropriation plan, Party B shall immediately inform Party A, and urge the guarantor to continue providing a guarantee for Party B’s debts with the compensation provided by the demolition party according to relevant provisions of the Mortgage Contract and to complete the corresponding guarantee procedures in time, or to provide other safeguard measures recognized by Party A according to Party A’s requirements. If the circumstance mentioned in the preceding paragraph occurs to the collateral so that it is necessary to re-create a guarantee or take other safeguard measures, the guarantor shall be responsible for the relevant expenses incurred thereby, and Party B shall be jointly and severally liable for such expenses. Party A shall have the right to directly deduct such expenses from Party B’s account.
