Common use of Guarantees for Working Capital Clause in Contracts

Guarantees for Working Capital. The guarantee for the loan of working capital Party B together with its shareholders Party C and Party D hereby jointly agree and confirm that except the stipulation set forth in Article 1 herein, Party B shall seek a guarantee from Party A first if Party B needs any guarantee for its performance of any contract or loan of working capital in the course of operation. In this case, Party A shall have the right but not the obligation to provide appropriate guarantee to Party B on its own discretion. If Party A decides not to provide such guarantee, Party A shall issue a written notice to Party B immediately and Party B shall seek a guarantee from other third party.

Guarantees for Working Capital. The guarantee for the loan of working capital Party B C together with its shareholders Party C and Party D B hereby jointly agree and confirm that except the stipulation set forth in Article 1 herein, Party B C shall seek a guarantee from Party A first if Party B C needs any guarantee for its performance of any contract or loan of working capital in the course of operation. In this case, Party A shall have the right but not the obligation to provide appropriate guarantee to Party B C on its own discretion. If Party A decides not to provide such guarantee, Party A shall issue a written notice to Party B C immediately and Party B C shall seek a guarantee from other third party.

Guarantees for Working Capital. The guarantee for the loan of working capital Party B together with its shareholders Party C Party D and Party D E hereby jointly agree and confirm that except the stipulation set forth in Article 1 herein, Party B shall seek a guarantee from Party A first if Party B needs any guarantee for its performance of any contract or loan of working capital in the course of operation. In this case, Party A shall have the right but not the obligation to provide appropriate guarantee to Party B on its own discretion. If Party A decides not to provide such guarantee, Party A shall issue a written notice to Party B immediately and Party B shall seek a guarantee from other third party.