Common use of On Demand Clause in Contracts

On Demand. As long as financiers submitted notification of debt collection to the guarantor with the contract number and the amount of debt, the guarantor shall immediately perform the repayment and give up all reasons of defense.

Appears in 18 contracts

Sources: Maximum Amount Guaranty Contract (Highpower International, Inc.), Maximum Amount Guaranty Contract (Highpower International, Inc.), Maximum Amount Guaranty Contract (Highpower International, Inc.)