GUARANTEE CLAUSE. 5.1 Namtai Investment (Shenzhen) Co., Ltd. is the guarantor of joint and several liability for all the debts owed by Party B to Party A under this Agreement, and shall issue an irrevocable guarantee for maximum amount to Party A. 5.2 For all the debts owed by Party B to Party A under this Agreement, ---- mortgages (pledges) all of the property it owns or is entitled to dispose of according to law, for which a separate guarantee contract shall be concluded. In the event that the guarantors fail to sign the document of guarantee and complete the guarantee formalities in accordance with this clause, Party A is entitled to refuse to grant facility to Party B.
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GUARANTEE CLAUSE. 5.1 Namtai Investment (Shenzhen) Co., Ltd. is the guarantor of joint and several liability for all the debts owed by Party B to Party A under this Agreement, and shall issue an irrevocable guarantee for maximum amount to Party A.
5.2 For all the debts owed by Party B to Party A under this Agreement, ---- mortgages (pledges) all of the property it owns or is entitled to dispose of according to law, for which a separate guarantee contract shall be concluded. In the event that the guarantors fail to sign the document of guarantee and complete the guarantee formalities in accordance with this clause, Party A is entitled to refuse to grant facility to Party B.
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Sources: Banking Facility Agreement (Nam Tai Electronics Inc)