Common use of Guarantee Period Clause in Contracts

Guarantee Period. 5.1 The guarantee period shall be [***] years from the date when the term of performance of the Debtor’s debt obligations under the Master Contract expires. Where the Master Contract Creditor and the Master Contract Debtor conclude a contract to change the term during which the debt obligations under the Master Contract shall be fulfilled, the guarantee period shall be [***] years from the date when such new term of performance of the debt obligations under the Master Contract as agreed upon by the Master Contract Creditor and the Master Contract Debtor expires. If the Master Contract Creditor declares early maturity of the main debts, the guarantee period shall be [***] years from the date of such early maturity of the main debts as required by the Master Contract Creditor.

Appears in 4 contracts

Samples: Capital Reduction Agreement (CASI Pharmaceuticals, Inc.), Capital Reduction Agreement (CASI Pharmaceuticals, Inc.), CASI Pharmaceuticals, Inc.

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