Common use of GUARANTY LIABILITY Clause in Contracts

GUARANTY LIABILITY. If the borrower fails to repay the debt under the Main Contract terms in a timely manner, the Creditor shall have the right to require the Guarantor perform the guaranty liability in accordance with the provisions of the contract. If the principal debt has other collaterals or guarantees in addition to this contract, any of the Creditor’s rights under this contract and their fulfillment shall not be affected.

GUARANTY LIABILITY. If the borrower fails to repay the debt under the Main Contract terms in a timely manner, the Creditor shall have the right to require the Guarantor perform the guaranty liability in accordance with the provisions of the contract. If the principal debt has other collaterals or guarantees in addition to this contract, any of the Creditor’s 's rights under this contract and their fulfillment shall not be affected.