Common use of GUARANTEE CLAUSE Clause in Contracts

GUARANTEE CLAUSE. 5.1 All debts owed by Party B to Party A under the Agreement shall be jointly and severally guaranteed by ▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇ and Shanghai Tong Gou Information Technology Co., Ltd., which shall issue a separate Letter of Guarantee to Party A. And/or 5.2 All debts owed by Party B to Party A under the Agreement shall be Mortgaged (pledged) with the property that it is entitled to dispose of according to law, the Parties shall sign a separate guarantee contract. If the Guarantor fails to sign the guarantee text and complete the guarantee procedures in accordance with the provisions of this article (including where the debtor of accounts receivable raise a plea against the accounts receivable before the pledge of the accounts receivable), Party A has the right to refuse to provide credit to Party B. 5.3 In the case that the mortgagor provides a real estate mortgage guarantee for all debts owed by Party B to Party A under the Agreement, if Party B shall immediately inform Party A if it knows that the collateral has been or may be included in the government demolition and collection plan, and urges the mortgagor to continuously provide guarantees for Party B’s debts in accordance with the mortgage contract with the compensation goods provided by the demolition party and complete the corresponding guarantee procedures in a timely manner, or take other safeguard measures approved by Party A as required by Party A. In case the collateral has the above circumstances, if the guarantee needs to be reset or other safeguard measures are taken, the relevant expenses incurred shall be borne by the mortgagor, and Party B shall be jointly and severally liable for the expenses. Party A has the right to deduct these fees directly from Party B’s account.

GUARANTEE CLAUSE. 5.1 All GIGANOLOGY (SHENZHEN) CO., LTD. is the Guarantor who assumes joint and several liability for all debts owed by of Party B to Party A under the Agreement shall be jointly hereunder and severally guaranteed by ▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇ and Shanghai Tong Gou Information Technology Co., Ltd., which shall must issue a separate Letter letter of Guarantee guarantee to Party A. And/orA, and/or 5.2 All debts owed by of Party B to Party A under hereunder will be secured by __ —____ mortgaging or pledging the Agreement shall be Mortgaged (pledged) with assets which it has ownership or the property that it is entitled to dispose right of according to lawdisposal, the Parties shall sign for which a separate guarantee contractsecurity contract must be signed. If the Guarantor fails to sign relevant security document and go through the guarantee text and complete the guarantee security procedures in accordance with the provisions of this article provision (including where the debtor of case that an accounts receivable raise a plea debtor raises an objection against the accounts receivable before the pledge of the accounts receivablethey are pledged), Party A has shall have the right to refuse to provide extending credit to Party B. 5.3 In the case that When the mortgagor provides a real estate mortgage as a guarantee for all debts owed by Party B to Party A under the Agreement, if Party B shall immediately inform Party A if it knows that the collateral has been or may be included in the government demolition and collection plan, and urges the mortgagor to continuously provide guarantees for Party B’s debts in accordance with to Party A hereunder, if Party B knows that the mortgaged assets are already or may be listed into the government’s demolition and expropriation plan, it shall inform Party A promptly and urge the mortgagor to renew the mortgage contract guarantee for Party B’s debts with the compensation goods provided offered by the demolition party and complete the go through corresponding guarantee mortgage procedures in a timely manneraccordance with provisions of the mortgage contract, or take provide other safeguard security measures approved by acceptable to Party A as required by in accordance with Party A. In case the collateral has the above circumstances, if A’s requirements. All fees and expenses incurred for reestablishing the guarantee needs or adopting other measures in the event the aforementioned condition happens to be reset or other safeguard measures are taken, the relevant expenses incurred mortgaged assets shall be borne by the mortgagor, and Party B shall be jointly assume joint and severally liable several liability for the repayment of such fees and expenses. , which Party A has the right to may deduct these fees directly from Party B’s account.