INDEPENDENCE OF THE GUARANTEE CONTRACT. The validity of the guarantee contract is independent from that of the Main Contract. The failure, invalidation, partial invalidation, or cancellation of the Main Contract does not affect the validity of the guarantee contract. If the Main Contract fails, is invalidated, partially invalidated, canceled or void, Party A shall be jointly responsible for the debtor’s debts due to return of properties or compensation of losses.
Appears in 14 contracts
Samples: Branch of China (Asia Green Agriculture Corp), Asia Green Agriculture Corp, Asia Green Agriculture Corp
INDEPENDENCE OF THE GUARANTEE CONTRACT. The validity of the guarantee contract is independent from that of the Main Contract. The failurefalse, invalidationineffectiveness, invalidity, partial invalidation, invalidity or cancellation revocation and termination of the Main Contract does shall not affect influence the validity of the guarantee this contract. If the Main Contract failsis confirmed as false, is invalidatedineffectiveness, partially invalidatedinvalidity, canceled partial invalidity or voidtermination, Party A shall be jointly responsible undertake a joint and several liability for the debts brought about by the debtor’s debts due to return restitution of properties property or compensation of payment for losses.
Appears in 2 contracts
Samples: China Ming Yang Wind Power Group LTD, China Ming Yang Wind Power Group LTD