Model Agreement On Counter Guarantee Contracts

back guarantee Model of contract agreement

Bank:

　　 First party (name) a contract with the Party B (name) on the month of the year of the year of the year of the year. At the request of Party A, you and party a signed a guaranty contract with the first party on the date of the month of the year, and opened a letter of guarantee in the favor of Party B on the date of the month of the year. At the request of Party A, we hereby agree to issue the counter guarantee for the above guarantee, and hereby make the following irrevocable and unconditional guarantee to your bank:

1. We agree to all the terms and conditions of the guarantee contract and the letter of guarantee. We guarantee that Party A will fulfill all obligations of the contract and guarantee contract on schedule. All the payments payable to Party A under the guarantee contract, including any amount or amount of interest and expenses (hereinafter referred to as "payable") paid by the guaranty contract to the beneficiary of the guaranty contract (hereinafter referred to as "payable"), shall be guaranteed to be jointly liable for reimbursement or / or joint liability.

Two, if Party B fails to fulfill the obligation of payment according to the contract, the bank shall have the right to claim compensation from the guarantor directly without having to first recover or / or handle the collateral. This guarantor guarantees that, within 10 days after receipt of the first written notice of your bank, you shall, without notice, ask for the payment of the sum owed by Party A to the bank in accordance with the currency stipulated in the guarantee contract, and the amount of interest paid shall be calculated to the actual payment date of the guarantor. The above claim is legally binding on the guarantor.

Three, if the guarantor fails to perform such joint and several liability in accordance with the preceding paragraph, the interest and other economic losses that may result from you shall be borne by the guarantor. Meanwhile, you have the right to withhold the above and the interest from the deposit account of the guarantor, and the guarantor will not guarantee any objection or defense.

Four, if Party A fails On schedule To fulfill the obligations under the contract, and your bank indirectly performs the security obligation by way of loan, we guarantee that the guarantee will be issued separately according to the prescribed format of the bank.

Five, in case of any one or more of the following situations, the joint liability and / or joint liability of the first, second, third certificate of this warranty shall not be affected, whether or not it is notified in advance, and this guarantee shall remain in force.

1. all parties concerned under this guarantee shall change their respective names, addresses, joint venture contracts, articles of association, legal representatives, scope of operation, nature of the enterprise, or Party B's merger, division, suspension, cancellation, dissolution, bankruptcy, etc.

2. the bank delays in exercising any rights under the guarantee contract or gives any grace to the payment of "payable".

3. the right is transferred or transferred under the guarantee.

4. the validity period of a letter of guarantee shall be extended by both parties.

5. any modification and supplement to the guarantee contract.

Six, if the amount of the guarantee is changed, the guarantee liability of this guarantee remains unchanged, and the liability of this Guaranty shall still be borne by the amount not exceeding the original guarantee amount.

Seven, before the above "payables" have been cleared, the guarantor is unable to exercise any claim due to fulfilling his obligations under this guarantee. If a guarantor provides collateral to the guarantor, the guarantor shall not exercise the rights under the mortgage without the written consent of the bank. If you agree to handle the collateral with your bank's consent, the amount guaranteed will be used first to reimburse you for the above "payable".

Eight, the guarantor will provide the relevant financial statements regularly according to your bank's requirements, and inform the Bank of the changes of the fourth first guarantor in time.

Nine. The guarantee shall come into force on the date of its opening, until the guaranty liability of the bank under the above guarantee is completely discharged or the amount of the payment due to the guarantee contract is discharged.

Ten, in the process of performing this guarantee, if there is any dispute, we should try to resolve it through consultation. When the negotiation fails to satisfactorily resolve, it will bring a lawsuit to the court where your bank is located.

This guarantee is made in 4 originals, 2 in your bank, and one in Party A and this guarantor.