Common use of LIABILITIES OF GUARANTOR Clause in Contracts

LIABILITIES OF GUARANTOR. 8.1 The Guarantor(s) guarantees to the Lender that in the event of the Borrower(s) failing to repay Installments of the Loan on the due dates for the payment under this Agreement or failing to pay the entire dues on recall of the Loan or on the happening of an Event of Default under this Agreement, the Guarantor(s) shall, on demand, promptly pay and make good the same without dispute or demur.

LIABILITIES OF GUARANTOR. 8.1 The Guarantor(s) Guarantor guarantees to the Lender Bank that in the event of the Borrower(s) Borrower failing to pay/repay the Installments of or the Loan Outstanding Balance or any part thereof on the due dates respective Due Date for the their payment under this Agreement or failing to pay the entire dues on whole of the Outstanding Balance upon recall of the Loan or on the happening of an Event of Default under this AgreementLoan, the Guarantor(s) Guarantor shall, jointly and severally, on demand, promptly pay and make good the same to the Bank without dispute any dispute, delay or demur.