Common use of Responsibility of Guarantee Clause in Contracts

Responsibility of Guarantee. 7.1 If the debts under the Master Contract matures or Party B announces the debts to be mature in advance pursuant to the provisions of the Master Contract or the law, where Borrower fails to fully repay the debts on time or Borrower violates other provisions of the Master Contract, Party A shall immediately undertake the guarantee liability within the Scope of Guarantee.

Appears in 4 contracts

Samples: Contract of Guarantee (Chisen Electric Corp), Of Guarantee (Chisen Electric Corp), Contract of Guarantee (Chisen Electric Corp)

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Responsibility of Guarantee. 7.1 If the debts under the Master Contract matures or Party B announces the debts to be mature in advance pursuant to the provisions of the Master Contract or the law, where Borrower fails to fully repay fulfill the debts on time or Borrower violates other provisions of the Master Contract, Party A shall immediately undertake the guarantee liability within the Scope of Guarantee.

Appears in 2 contracts

Samples: Contract of Guarantee (Chisen Electric Corp), Contract of Guarantee (Chisen Electric Corp)

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Responsibility of Guarantee. 7.1 If 1. if the debts under the Master Contract matures or Party B announces the debts to be mature are matured in advance pursuant to the provisions of the Master Contract or the law, where Borrower fails to fully repay fulfill the debts on time or Borrower violates other provisions of the Master Contract, Party A shall immediately undertake the guarantee liability within the Scope of Guarantee.

Appears in 1 contract

Samples: Teen Education Group, Inc.

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