AMENDMENT TO PRINCIPAL CONTRACT Sample Clauses

AMENDMENT TO PRINCIPAL CONTRACT. 1. If Party B and the Debtor reach an agreement to amend the terms of Principal Contract, (including without limitation to the amendment to repayment currency, repayment method, loan account, repayment account, loan use schedule, repayment schedule, interest commencement date, interest settlement date, and the first date or last date for debt performance term while not being extended), Party A agrees to remain jointly and severally liable for the debts under the amended Principal Contract. However, if Party B and the Debtor reach an agreement to extend the debt performance term or increase the principal amount of debts without Party A’s prior consent, Party A shall only be jointly and severally liable for the debts under the Principal Contract before amendment in accordance with the provisions of this Contract. 2. Party A’s guarantee liability shall not be reduced or discharged in case of occurrence of any of the following situations: