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 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. Article 4 Joint liability guarantee is adopted as the method of guarantee by Party A.
Article 5 Besides the guarantee method specified in this Contract, if there is any other guarantee under the Main Contract (including the Debtor of the Main Contract provides mortgage/pledge guarantee for Party B to the extent of the Debtor’s own property), Party A’s guarantee liability undertaken for Party B shall not be affected by any other guarantee nor be exempted or reduced arising therefrom. Party B is entitled to select to exercise the guarantee right under this Contract first and Party A waives the prior right of defense of any other guarantee. If Party B’s priority to gain compensation from the said mortgage right/pledge right is lost or reduced due to Party B’s waiver of the mortgage right/pledge right for the property of the Debtor of the Main Contract for any reason or due to Party B’s change of the sequence or contents of the mortgage right/pledge right, as promised by Party A, Party A’s guarantee liability undertaken for Party B shall not be exempted or reduced.
Guarantee Method. The guarantee under the contract is a joint responsibility guarantee. If any more Guarantors involved in the Guarantee Contract, they shall take the joint responsibility together.
Guarantee Method. Party B shall be jointly and severally liable, with Nanfang Tongzheng, for the relevant obligations under the Share Transfer Agreement.
Guarantee Method. Party B will provide joint and several liability guarantee to the Creditor within the scope specified herein. If Party A fails to repay the debt under the Master Contract when due, the Creditor may demand repayment from Party A and may also demand repayment by Party B on behalf of Party A within the scope and term of the guarantee.
Guarantee Method suretyship. The Guarantor and Party B shall make and enter into a guarantee contract separately. Contract No.: 288500160811000203, 288500160811000204, 288500160811000205, 288500160811000206, 288500160811000207.
Guarantee Method. For the debts of the borrower to the lender incurred under this contract and individual contracts, both parties agree to use the following methods to guarantee: þ The maximum mortgage guarantee is provided by the mortgagor Sunrise (Guizhou) New Energy Materials Co., Ltd. The xxxxxxx / provides the maximum amount of pledge guarantee. þ The guarantor Zhuhai (Zibo) Investment Co., Ltd. and Xxxxxxx Xx provide the maximum guarantee guarantee. Other /
