Guarantee Clauses Clause Samples
Guarantee Clauses. 9.1 For all debts that Party B owes to Party A hereunder, Party B or a third party approved by Party A shall provide the property mortgage or pledge guarantee or joint guarantee, and Party B or the third party acting as the guarantor shall issue or sign another letter of guarantee at the request of Party A.
9.2 If the guarantor fails to sign the letter of guarantee and complete the guarantee procedures in accordance with the provisions of this article (including the circumstance in which the debtor of accounts receivable raises a pleabefore the pledge of the accounts receivable), Party A is entitled to refuse to provide Party B with a credit line.
9.3 Provided that the mortgagor has provided real estate mortgage guarantee for all debts that Party B owes to Party A hereunder, if Party B knows that the collateral has been or may be included in the scope of government demolition and expropriation, it shall notify Party A immediately and urge the mortgagor to continue using the government's compensation to provide guarantee for Party B's debts in accordance with the mortgage contract, to complete the corresponding guarantee procedures in a timely manner, or to provide other safeguard measures accepted by Party A in accordance with Party A's requirements.
Guarantee Clauses. 5.1 All the debts under this agreement from Party B shall be joint liability guarantee by Shandong Weijiao Group Xuecheng Energy Co., Ltd., which shall provide Party A with irrevocable maximum guarantee letter and guarantee contract.
5.2 All the debts under this agreement from Party B are subject to its guarantor and its real estate, land as mortgage. The two parties are to sign the guarantee contract (see attached mortgage list).
Guarantee Clauses. 5.1 The third party Anhui Sea-Converge Guarantee Co., Ltd shall be the guarantor with joint liability on all liabilities / debts owed by Party B to Party A. The guarantor shall issue irrevocable letters of guarantee on the specific business types hereinabove to Party A case by case, and the responsibilities on guarantee born by the guarantor to Party A shall be specified or determined in the specific letters of guarantee. And / or
5.2 All liabilities or debts owed by Party B to Party A hereunder shall be mortgaged or pledged by_________ and all properties of _________or those properties the party has the right to dispose, for which, both parties shall sign a guarantee contract otherwise. If the guarantor fails to sign on a guarantee contract or document or handle guarantee formalities as stipulated in this article, Party A shall have the right to stop or suspend credit giving to Party B.
Guarantee Clauses. 1. Party B shall pledge to Party A the time deposit certificate with the amount larger than the total of principal and interests of the loan as performance guarantee.
2. Party B shall use the loan for the purpose set out in the Agreement, and shall not use it for any other purpose or conduct any illegal activity by the loan. Otherwise, Party A has the right to request Party B to pay the principal and interest immediately, with the legal consequences arising therefrom being borne by Party B.
3. Party B shall repay principal and pay interests in USD in the period prescribed under the Agreement. Party A shall be entitled to recover the part of the loan not repaid on time, and collect overdue interests by 0.02% of daily interest rate according to the number of overdue days.
4. If Party B obtains the USD loan from a bank in the period of borrowing hereunder, it shall firstly repay principal and pay interests hereunder.
5. In order to ensure the performance of the Agreement, Party B’s repayment Guarantor (Party C), Shanghai ECMOHO Health Biotechnology Co., Ltd., undertakes to pledge the USD time deposit certificate with the amount equal to the total amount of the Loan to Party A and undertake joint and several responsibility for repayment of principal and payment of interests of the loan together with Party B.
6. Party D guarantees that Party B will fulfill responsibilities for repayment of principal and payment of interests pursuant to the Agreement.
7. After Party B repays principal and pays interests of the loan by USD, Party A shall simultaneously return to Party B the time deposit certificate pledged to it.
Guarantee Clauses. 1. In the event that the mortgage right has not been set up or is invalid due to the following causes, and the Mortgagor and the Debtor are not the same person, the Mortgagor shall provide the guarantee under the debt ceiling with respect to the guaranteed creditor’s right, which shall be subject to the agreement in Article 1 hereof. And the guarantee shall be in the form of joint and several liability guarantee:
(1) The Mortgagor fails to register the mortgaged asset as specified herein;
(2) The statements and guarantees made by the Mortgagor are false.
Guarantee Clauses. 1) The buyer is aware of the technical details of the inventions mentioned in this contract.
2) The seller confirms that he is not aware of any legal deficiency of the PCT-application and of any factual deficiency of the invention. The seller confirms, that the European part of the PCT-application is free from rights of third parties and that no licenses have been granted for the countries mentioned in the Preface.
3) The seller is aware of the international research report of the PCT-application. The seller confirms that he is not aware of any additional state of technology that may be in the way of the patent granting.