Guarantee Type. 1. The guarantee type hereunder shall be joint and several liability guarantee;
2. In the event that Party A provides joint guarantee for multiple guarantors, each guarantor shall assume joint and several liabilities for all creditor’s rights.
3. In the event that the Debtor fails to settle the debts as agreed in the Master Contract, and there are both guarantee and real rights for security for the creditor’s right under the Master Contract, Party B shall, at its discretion, have the priority right for claim from the Guarantor or real rights for security, or concurrently claim for repayment from the Guarantor and real rights for security.
Guarantee Type. The Mortgagor acknowledges that the Mortgagee shall have the first priority of claims for the mortgaged properties unless otherwise agreed in this Contract. Where the debtor fails to fulfill its debts in accordance with the Principal Contract, irrespective of whether the Mortgagee has other guarantee rights (including but not limited to the guarantee by way of warranty, mortgage, and pledge) over the creditor's rights under the Principal Contract, the Mortgagee shall have the right to first require the Mortgagor to fulfill the guarantee liabilities within the scope of guarantee as agreed in this Contract without first requiring other guarantors to fulfill their guarantee liabilities.
Guarantee Type. The guarantee under the contract is a joint responsibility. If any more Guarantors involve in the Guarantee Contract, they shall take the joint responsibility together.
Guarantee Type. 4.1 The warranties provided by Party B to Party A shall be joint responsibility Guarantee.
Guarantee Type. Guarantee term
Guarantee Type. The guarantee type under this contract is a joint responsibility warranties. The loan term is due and Warrantee fails to fulfill/partly fulfill the debt repaying obligation, Creditor may request the Guarantor to take it.
Guarantee Type. The guarantee under this contract represents a joint and several liabilities. The Guarantor agrees the Creditor is eligible to request the Guarantor to fulfill its guarantee responsibility under the scope of guarantee as promised when the Debtor is not able to fulfill its obligations under the Main Contract regardless other guarantees the Creditors possesses for the Main Contract (includes but not limit to the warrants of guarantee and pledges).
