Breach of faith. Both the Creditor and the Guarantor shall abide by the contract after it becomes effective. Otherwise, the party who breaks the contract shall take the sole responsibility of the compensation to another party.
Appears in 7 contracts
Samples: Working Capital Loan Contract (BTHC XV, Inc.), Guarantee Contract (BTHC XV, Inc.), Guarantee Contract (BTHC XV, Inc.)
Breach of faith. Both the Creditor and the Guarantor shall abide by the contract agreement after it becomes effective. Otherwise, the party who breaks the contract agreement shall take the sole responsibility of the compensation to another party.
Appears in 1 contract
Samples: Loan Contract (BTHC XV, Inc.)
