Monies held on Trust. If while the Guarantor remains under any liability to the Lender under this Guarantee, any monies or other property or assets shall be received or recovered by the Guarantor in breach of any provisions of this Clause 10 (Deferral of Guarantor’s Rights), such monies or other property or assets shall, to the extent of such liability, be held upon trust to pay or transfer the same to the Lender.
Appears in 8 contracts
Samples: Deed of Guarantee and Indemnity (Borqs Technologies, Inc.), Deed of Guarantee and Indemnity (Borqs Technologies, Inc.), Deed of Guarantee and Indemnity (Borqs Technologies, Inc.)
