Statements by the Guarantor Clause Samples

Statements by the Guarantor. 1. The commitment of guarantee by the Guarantor hereunder shall be valid for all the indebtedness within the validity period of the guarantee line and the maximum principal limit. The Guarantor will not proceed the guarantee formalities every time unless requested by the Creditor. 2. The Guarantor hereby irrevocably authorizes the Creditor to deduct, without any legal procedure, the amount from any of the Guarantor’s accounts with any of the Creditor’s organizations to repay the indebtedness and other expenses that shall be undertaken by the Guarantor. 3. The Guarantor has not concealed any of the following event happened or to happen that may cause the Creditor not to accept it as a Guarantor: (1) The Guarantor or its main officer is involved in material violation of discipline or law or in any event of claim of compensation; (2) Pending litigation or arbitration event; (3) Any kind of indebtedness undertaken by the Guarantor or it is in debt or any guarantee or mortgage (pledge) security of the Guarantor; (4) Any event of default by the Guarantor under any other contracts; (5) Other condition that may affect the financial status or guarantee ability of the Guarantor. 4. The documents, materials, statements and vouchers provided by the Guarantor to the Creditor shall be authentic and effective. 5. The Guarantor understands clearly the business scope and authorization limitation of the Creditor. 6. The Guarantor has fully read all the articles hereunder. As per the Guarantor’s request, the Creditor has made corresponding article explanations regarding this Contract. The Guarantor has completely known and fully understood the meaning of the articles hereunder and the corresponding legal consequences. 7. The Guarantor is entitled to enter into this Contract.
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Related to Statements by the Guarantor

  • Waiver by the Guarantor The Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the Borrower or any other Person.

  • Waiver by the Guarantors Each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the Company or any other Person.

  • Reports by the Issuer The Issuer covenants: (a) to file with the Trustee, within 30 days after the Issuer is required to file the same with the Commission, copies of the annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Issuer may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934; or if the Issuer is not required to file information, documents, or reports pursuant to either of such Sections, then to file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents, and reports which may be required pursuant to Section 13 of the Securities Exchange Act of 1934 in respect of a debt security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; (b) to file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such additional information, documents, and reports with respect to compliance by the Issuer with the conditions and covenants provided for in this Indenture as may be required from time to time by such rules and regulations; and (c) to transmit by mail to the Holders of Securities within 30 days after the filing thereof with the Trustee, in the manner and to the extent provided in Section 11.4(c), such summaries of any information, documents and reports required to be filed by the Issuer pursuant to subsections (a) and (b) of this Section as may be required to be transmitted to such Holders by rules and regulations prescribed from time to time by the Commission.

  • Guarantee by the Company Subject to the terms and conditions hereof, the Company, including in its capacity as holder of the Common Securities, hereby irrevocably and unconditionally guarantees to each person or entity to whom the Trust is now or hereafter becomes indebted or liable (the "Beneficiaries") the full payment when and as due, of any and all Obligations (as hereinafter defined) to such Beneficiaries. As used herein, "

  • Reports by the Guarantee Trustee Not later than July 15 of each year, commencing July 15, 1997, the Guarantee Trustee shall provide to the Holders such reports as are required by Section 313 of the Trust Indenture Act, if any, in the form and in the manner provided by Section 313 of the Trust Indenture Act. The Guarantee Trustee shall also comply with the requirements of Section 313(d) of the Trust Indenture Act.