Common use of REPAYMENT GUARANTEE Clause in Contracts

REPAYMENT GUARANTEE. We, the undersigned, hereby accept jointly and severally, liability for the repayment of this loan in the event of the borrower’s default. We understand that the amount in default may be recovered by an offset against our deposit or attachment of our property, salary.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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REPAYMENT GUARANTEE. We, the undersigned, hereby accept jointly and severally, severally liability for the repayment of this the loan in the event of the borrower’s borrowers default. We understand that the amount in default may be recovered by an offset against our deposit againstour shares in the society or by attachment of our propertyproperty or salary, salaryand that we shall not be eligible for loans unless the amount in default has been cleared in full.

Appears in 1 contract

Samples: Loan Agreement

REPAYMENT GUARANTEE. We, the undersigned, hereby undersigned accept jointly and severally, liability for the repayment of this the loan in the event of the borrower’s borrower default. We understand that the amount in default may be recovered by an offset against our deposit shares in the society or by attachment of our property, salaryproperty or salary and that we shall not be eligible for loans unless the amount in default has been cleared in full.

Appears in 1 contract

Samples: Loan Agreement

REPAYMENT GUARANTEE. We, We the undersigned, hereby accept jointly and severally, liability for the repayment of this the loan in the event of the borrower’s default. We understand that the amount in default may be recovered by an offset against our deposit or out shares in the society of by attachment of our propertyproperty or salary, salaryand that we shall not be eligible for loans unless the amount in default has been cleared in full.

Appears in 1 contract

Samples: Emergency Loan Application Agreement

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REPAYMENT GUARANTEE. WeIn consideration to granting the above loan or any lesser amount that may be approved, we the undersigned, hereby accept jointly and severally, severally the liability for the repayment of this including interest and cost appertaining to the aforementioned loan in the event of the borrower’s default. We understand that the amount in default may will be recovered by an offset against our deposit deposits in the Society or by attachment of our property, terminal benefits or salary.. I hereby confirm:

Appears in 1 contract

Samples: Loan Agreement

REPAYMENT GUARANTEE. We, the undersigned, hereby accept jointly and severally, severally liability for the repayment of this the loan in the event of the borrower’s default. We understand that the amount in default may be recovered by an offset against our deposit savings in the Society or by attachment of our propertyproperty including monthly salary, salaryand that we shall not be eligible for Jijenge appliances unless the amount in default has been cleared in full. 3. G: FOR CREDIT COMMITTEE USE ONLY

Appears in 1 contract

Samples: Jijenge Appliances Application and Agreement

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