Common use of Mode of Guaranty Clause in Contracts

Mode of Guaranty. Party B provides a guaranty of joint and several liabilities. Where the debtor either wholly or partly defaults when the time limit for his performance of the obligation of a single debt under the Principal Contract expires, Party A has the right to directly demand Party B to perform his obligation of guaranty.

Mode of Guaranty. Party B provides a guaranty Guaranty of joint and several liabilities. Where the debtor either wholly or partly defaults when the time limit for his performance of the obligation of a single debt under the Principal Contract expires, Party A has the right to directly demand Party B to perform his obligation of guarantyGuaranty.

Mode of Guaranty. Party B provides a guaranty guarantor of joint and several liabilities. Where the debtor either wholly or partly defaults when the time limit for his performance of the obligation of a single debt under the Principal Contract expires, Party A has the right to directly demand Party B to perform his obligation of guarantyguarantor.