Common use of Payment Guarantee Clause in Contracts

Payment Guarantee. Payment of the price of crude oil to be supplied hereunder shall be made on a timely basis and pursuant to the principles agreed upon by the parties hereto. PetroChina and Sinopec agree to be guarantors, and to assume joint and several guarantee liabilities for the failure of timely payment of the price of crude oil and other amounts payable by their respective oil refineries. The payer shall make timely payments to the payee upon receipt of and pursuant to the payment notice.

Payment Guarantee. Payment of the price of crude oil to be supplied hereunder shall be made on a timely basis and pursuant to the principles agreed upon by the parties hereto. PetroChina and Sinopec Xxxxxxx agree to be guarantors, and to assume joint and several guarantee liabilities for the failure of timely payment of the price of crude oil and other amounts payable payments by their respective oil refineries. The payer shall make timely payments to the payee upon receipt of and pursuant to the payment notice.

Payment Guarantee. Payment of the price of crude oil to be supplied hereunder shall be made on a timely basis and pursuant to the principles agreed upon by the parties hereto. PetroChina and Sinopec agree to be guarantors, and to assume joint and several take ordinary guarantee liabilities for the failure of timely payment of the price of crude oil and other amounts payable payments by their respective oil refineries. The payer shall make timely payments to the payee upon receipt of and pursuant to the payment notice.

Payment Guarantee. Payment of the price of crude oil to be supplied hereunder shall be made on a timely basis and pursuant to the principles agreed upon by the parties hereto. PetroChina and Sinopec agree to be guarantors, and to assume joint and several guarantee liabilities for the failure of timely payment of the price of crude oil and other amounts payable payments by their respective oil refineries. The payer shall make timely payments to the payee upon receipt of and pursuant to the payment notice.

Payment Guarantee. Payment of the price of crude oil to be supplied hereunder shall be made on a timely basis and pursuant to the principles agreed upon by the parties hereto. PetroChina and Sinopec Xxxxxxx agree to be guarantors, and to assume joint and several take ordinary guarantee liabilities for the failure of timely payment of the price of crude oil and other amounts payable payments by their respective oil refineries. The payer shall make timely payments to the payee upon receipt of and pursuant to the payment notice.