Guarantee Method. The guarantee method hereunder is joint and several liability guarantee. If there are more than one guarantors, each guarantor will bear joint and several liabilities with respect to the Creditor.
Guarantee Method. Party B assumes the responsibility of guarantee by joint and several liability guarantee.
Guarantee Method. The Guarantor confirms that it is jointly and severally liable for all debts of the Applicant within the scope of the guarantee specified in Article 2. If the Applicant fails to timely repay the principal and interest and related expenses of the loans, advances and other credited debts owed to the Bank in accordance with the Credit Agreement and/or the specific contract, or when any other default event under the Credit Agreement and/or the specific contract, the Bank has the right to seek recourse from the Guarantor directly without first having to pursue or file a lawsuit against the Applicant. Even if all the debts of the guarantee Applicant under the Credit Agreement can be repaid in time and there is a separate mortgage or pledge or other guarantee, the Bank is also entitled to seek recourse from the Guarantor with respect to all the debts of the Applicant under the Credit Agreement, without handling the goods, or documents under the collateral, pledge or trade finance, and without recourse from other Guarantors. The claim notice issued by the Bank is final and the Guarantor has no objection to this. The Guarantor agrees that, it will repay the Applicant all the debts under the Credit Agreement within five days after receiving the written notice of claim from the Bank, without any certificates or other documents issued from the Bank. Unless the obvious and major errors occur, the Guarantor accepts that the amount of money from the Bank’s claim is accurate. The Bank has the right to urge the Guarantor to make a payment in a manner deemed appropriate, including but not limited to faxing, mailing, special person delivery, public announcements, etc.
Guarantee Method. The guarantor guarantees the guaranteed claims to the loaner by shouldering joint liability.
Guarantee Method. Guarantor provides the joint and several guarantees to Creditor for the secured credit.
Guarantee Method. Article 4 Joint liability guarantee is adopted as the method of guarantee by Party A.
Guarantee Method. Party B shall be jointly and severally liable, with Nanfang Tongzheng, for the relevant obligations under the Share Transfer Agreement.
Guarantee Method. 1. The Guarantor promises to undertake joint liability to all the debts of the Borrower under the main contract, and it shall provides the Lender with signed written personal asset list with a Lender agreed form and content before this contract approved (at least before this contract effective), also, it shall provide the Lender with the Certification of Asset Ownership (Including but not limit to the company information, current salary/income statement, the Certification of Real Estate Ownership, the Certification of Automotive Ownership, the Certification of Deposit, the
Guarantee Method. The guarantee provided by Party A under this Contract is a joint and several liability guarantee.
