Loan Guarantee Sample Clauses
Loan Guarantee. The guarantees provided by the borrower shall maintain their necessary capacity for guarantee before the lender's rights under this contract expire. If the guarantee of the collateral decreases, loses its guarantee function, or if the guarantor experiences any of the circumstances listed in Article 8, items 3 to 16, the lender has the right to stop any loans that have not yet been issued under this contract and to demand early repayment of any loans that have not yet matured.
Loan Guarantee. 10.1 If the loan under this contract is a secured loan, the guarantee method is: þ guarantee þ mortgage x pledge x / . The guarantee contract is signed separately by the guarantor and Party B.
10.2 If the loan guarantee under this contract is the maximum guarantee, the corresponding maximum guarantee contract is:
Loan Guarantee. The collateral provided by the Borrower shall maintain its collateral value before the termination of the rights of the Lender hereunder. If the ability of the collateral to secure the loan is reduced or the collateral function is lost or if any of the situations specified in Paragraphs 8 to 16 of Article 8 occurs, the Lender has the right to stop disbursing the loan that has not been issued under this contract and recover the undue loan in advance.
Loan Guarantee. 10.1 If the creditor’s right hereunder is secured by maximum guarantee, then: The guarantor, Daqo Group Co., Ltd., shall enter into a maximum guarantee agreement with Party B; and The pledgor, Chongqing Daqo New Energy Sources Co., Ltd., shall enter into a maximum mortgage agreement with Party B.
Loan Guarantee. 1. The loan guarantee under this contract includes the guarantee stipulated in this article and other relevant guarantees, which shall be subject to the specific guarantee contract.
Loan Guarantee. 10.1 Where the loan under this contract is a guaranteed loan, the guaranteed method shall be: þGuarantee ☒Mortgage ☒Pledge ☒ / . The guarantee contract shall be signed separately by the guarantor and Party B.
10.2 If the loan guarantee under this contract is the maximum amount guarantee, the corresponding maximum amount guarantee contract shall be: ☒ Maximum Guarantee Contract signed by guarantor no content here and Party B (No.: no content here); ☒ Maximum Guarantee Contract signed by mortgager no content here and Party B (No.: no content here); ☒ Maximum Guarantee Contract signed by pledgor no content here and Party B (No.: no content here); ☒ No content here.
Loan Guarantee. 2.1 Numab will be responsible for obtaining the Loan and providing a true and correct copy of the Loan Agreement and any amendments thereto to Sucampo and Sucampo shall provide the Loan Guarantee for the Loan. The Loan shall be senior to any other Indebtedness incurred by Numab from the Effective Date through the termination of this Agreement. The Loan Guarantee shall be provided by Sucampo as follows
(a) in an amount of CHF 2 million as cash collateral to be wire transferred by Sucampo to a respective blocked account with the bank granting the Loan to Numab within ten (10) days following Sucampo’s receipt of copy of the Loan Agreement; and
(b) thereafter in amounts of CHF 0.5 million up to the maximum aggregate amount of CHF 5 million as cash collateral to be wire transferred by Sucampo to a respective blocked account with the bank granting the Loan to Numab each time within thirty (30) days following receipt of a respective request from Numab to Sucampo. Confidential Loan Guarantee & Development Agreement Numab AG and Sucampo AG 1109.08
2.2 In the event Sucampo is required to pay a Success Fee in connection with Discovery Project No. 1, such Success Fee shall reduce the Loan Guarantee in an amount of up to CHF 3 million pursuant to the terms of the Loan Guarantee and Loan Agreement but in no event shall be the Loan Guarantee be less than CHF 2.2 million. In the event Sucampo is required to pay a Success Fee for Discovery Projects Nos. 2, 3, or 4,, the amount of such Success Fee (irrespective of any credit granted against such Success Fee pursuant to Section 5.1 below) shall reduce the remaining outstanding balance of the Loan Guarantee pursuant to the terms of the Loan Guarantee and Loan Agreement until Sucampo is released from such Loan Guarantee.
2.3 Numab shall comply with all terms of the Loan Agreement. Any default under or material breach of the Loan Agreement which leads to a termination for cause of the Loan Agreement by the lending bank shall be deemed a material breach of this Agreement.
2.4 To secure the Loan Guarantee, Numab shall enter into the Security Agreement attached hereto as Exhibit A pursuant to which Numab shall grant to Sucampo a security interest in certain collateral as set forth in such Security Agreement.
Loan Guarantee. The guarantee for the loan under this Contract is in the form of mortgage, a separate guarantee contract shall be entered into. If the maximum guarantee method is adopted, the contract number of the guarantee contract is 81906200800002098.
Loan Guarantee. 1. The loan guarantee method for the debt under this contract is:
Loan Guarantee. The guarantee of the loan under this Agreement shall be otherwise determined through negotiation between the Entrustor and the Borrower.