Common use of Principal Creditor’s Rights and Its Valid Period Clause in Contracts

Principal Creditor’s Rights and Its Valid Period. Besides the valid period defined by law or agreements, in the following periods the creditor’s rights actually working under the main contract construct the principal creditor’s rights of the contract: From the day when Agreement of Line of Credit mentioned in Article I comes into force to the day when the line of credit defined in the agreement and its revisions or supplements expires.

Appears in 3 contracts

Samples: Guaranty Contract of Maximum Amount (Highpower International, Inc.), Guaranty Contract of Maximum Amount (Hong Kong Highpower Technology, Inc.), Guaranty Contract of Maximum Amount (Hong Kong Highpower Technology, Inc.)

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Principal Creditor’s Rights and Its Valid Period. Besides the valid period defined by law or agreementsUnless agreed otherwise in accordance with laws, in actually occurred claims under this principal contract during the following periods periods, and the creditor’s rights actually working under effected claims between the main debtor and creditor before this contract construct came into effect, constitute the principal creditor’s rights of the claims under this contract: 1. From the day when Agreement of Line of Credit mentioned in Article I comes into force to the day when the line of credit defined in the agreement and its revisions or supplements expires.

Appears in 1 contract

Samples: Guaranty Contract (Highpower International, Inc.)

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