Common use of Performance Guarantee Clause in Contracts

Performance Guarantee. Unless otherwise specified in Chapter 2 of the Terms and Conditions of Lease, in entering into this agreement, the Lessee shall deposit cash or submit a Letter of Guarantee issued by a local bank for the amount equivalent to three (3) times of the rent plus the relevant service fees and monthly building and land taxes, to the Lessor as performance guarantee. The above performance guarantee shall be returned after the Lessee has been relieved from all obligations under this agreement. In case of an amendment of this agreement, resulting in an increase of the rent, the Lessee shall submit the performance guarantee to cover the increased amount accordingly.

Performance Guarantee. Unless otherwise specified in Chapter 2 of the Terms and Conditions of Leaseagreement, in entering into this agreement, the Lessee shall deposit cash or submit a Letter of Guarantee issued by a local bank for the amount equivalent to three (3) times of the rent plus the relevant service fees and monthly building and land taxes, to the Lessor as performance guarantee. The above performance guarantee shall be returned after the Lessee has been relieved from all obligations under this agreement. In case of an amendment of this agreement, resulting in an increase of the rent, the Lessee shall submit the performance guarantee to cover the increased amount accordingly.

Performance Guarantee. Unless otherwise specified in Chapter 2 of the Terms and Conditions of Lease, in entering into this agreement, the Lessee shall deposit cash or submit a Letter of Guarantee issued by of a local bank for the amount equivalent to three (3) times of the rent plus the relevant service fees and monthly building and land taxes, to the Lessor as performance guarantee. The above performance guarantee shall be returned after the Lessee has been relieved from all obligations under this agreement. In case of an amendment of this agreement, resulting in an increase of the rent, the Lessee shall submit the performance guarantee to cover the increased amount accordingly.

Performance Guarantee. Unless otherwise specified in Chapter Clause 2 of the Terms and Conditions of Agreement on Lease, in entering into this agreement, the Lessee shall deposit submit cash or submit a Letter of Guarantee issued by of a local domestic bank for the amount equivalent to three (3) times of the monthly rent plus the relevant service fees and monthly building and land taxes, to the Lessor as performance guaranteePerformance Guarantee. The above performance guarantee shall be returned after the Lessee has been relieved from all obligations under this agreement. In case of an any amendment of this agreement, resulting in an increase of the rentagreement thereby the rent has been increased, the Lessee shall submit guarantee for the performance guarantee to cover the increased additional amount accordingly.