Enforcement of Guarantee. 6.1 Party A can directly ask Party B to pay the loan principal and interest and relevant expenses which the Debtor fails to repay according to the principal agreement, and Party A is entitled to claim for the amount due, and to deduct the payable amount of which the debtor should repay in the accounts Party B opened with Party A or any branches of Party A without Party B’s permission.
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Samples: Maximum Guarantee Agreement (Birch Branch Inc), Birch Branch Inc
Enforcement of Guarantee. 6.1 Party A can directly ask Party B to pay the loan principal and interest and relevant expenses which the Debtor fails to repay according to the principal agreement, and Party A is entitled to claim for the amount due, and to deduct the payable amount of which the debtor should repay repay, in the accounts Party B opened with Party A or any branches of Party A without Party B’s permission.
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Enforcement of Guarantee. 6.1 Party A can directly ask Party B to pay the loan principal and interest and relevant expenses which the Debtor fails to repay according to the principal agreement, and Party A is entitled to claim for the amount due, and to deduct the payable amount of which the debtor should repay in the accounts Party B opened with Party A or any branches of Party A without Party B’s permission.
Appears in 1 contract
Enforcement of Guarantee. 6.1 Party A can directly ask Party B to pay the loan principal and interest and relevant expenses which the Debtor fails to repay according to the principal agreement, and Party A is entitled to claim for the amount due, and to deduct the payable amount of which the debtor should repay in the accounts Party B opened with Party A or any branches of Party A without Party B’s permission.
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