GUARANTEE CLAUSE. 5.1 All the debts owed to Party A by Party B hereunder shall be guaranteed by Winner Medical & Textile Ltd. Yichang, Winner Medical & Textile Ltd. Tianmen and Winner Medical & Textile Ltd. Jingmen who shall be the guarantors of joint and several liabilities. The relevant irrevocable letter of guarantee in favor of Party A shall be signed by the guarantors; and/or 5.2 All the debts owed to Party A by Party B hereunder shall be secured (or pledged) by real property of Winner Industries (Shenzhen) Co., Ltd. which has the title of or is rightfully entitled to dispose of such properties. The specific security contract shall be entered into by both Parties. 5.3 Other means of guarantee: ▇▇▇▇▇▇▇▇ ▇▇ provides personal guarantee with limitless liability. 5.4 Party A may demand Party B to provide other supplementary security or deposit for any specific operation.
Appears in 2 contracts
Sources: Credit Facility Agreement (Winner Medical Group Inc), Credit Facility Agreement (Las Vegas Resorts Corp)