Guarantee Scope Clause Samples
The Guarantee Scope clause defines the specific obligations, products, services, or conditions that are covered by a guarantee within an agreement. It typically outlines the extent and limitations of the guarantee, such as which defects, failures, or performance issues are included, and may specify timeframes or exclusions. For example, it might state that only manufacturing defects discovered within one year are covered, while normal wear and tear is excluded. This clause ensures both parties have a clear understanding of what is protected under the guarantee, thereby reducing disputes and managing expectations.
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Guarantee Scope. 5.1 The Contract shall cover the fees and expenses under the Master Contract, including principal, interest, punitive and compound interest, imbursement for contract violation, damages, and expenses for materializing debt rights (including but not limited to legal cost, arbitration, attorney fee no higher than 20% total principal claim, accommodation, assessment &evaluation, auction, disposal, transfer, property preservation, public disclosure and execution).
Guarantee Scope. 3.1 The scope of the guarantee by the Pledged Equity under this Agreement shall include all obligations of the Pledgors and the Company under the Main Agreements, including but not limited to the borrowings and their interest (if applicable) under the Main Agreements, all service costs receivable by the Pledgee, all other balance due and debts payable to the Pledgee (including but not limited to any amounts payable to the Pledgee’s affiliates), the liquidated damages (if any), the costs and expenses incurred due to exercise of the rights as a creditor and/or the pledge rights (including but not limited to the attorney’s fee, arbitration costs, costs for assessment and auction of the Pledged Equity, et cetera) and any other related costs and expenses. To avoid doubt, the pledge scope shall not be limited by or subject to neither the shareholders’ contribution amounts nor the amount of the creditors’ rights registered with the competent administration of industry and commerce, or the competent market supervision and management administration, with which the Company is affiliated (the “AIC”).
3.2 In case the AIC requires to clarifying the amount of the main creditors’ rights during handling of the equity pledge registration, the Parties agree, for the sole purpose of handling such equity pledge registration, that the amount of the creditors’ rights under the Main Agreements shall be registered as CNY thirty million (30,000,000.00) plus the amounts of any and all breach of contract liability and damages under the related agreements. The Parties further explicitly confirm that for the purpose of handling the equity pledge registration, the foregoing amount shall impair or limit any rights or interests the Pledgee has under the applicable Main Agreements and this Agreement.
Guarantee Scope. The guarantee scope besides the main credit in the contract associates with interest generated(the interest in the contract includes interest, fine interest and compound interest), fine for breach, damage liquidated, handling charge and other expenses for signing and fulfilling of the contract and expenses for realizing guarantee right and credit (including but not limit to disposal expenses, tax, claim expenses, auction expenses, charges of lawyers and expenses for accommodation and traveling) and cash deposit added on the request of creditor after the main contract is effective.
Guarantee Scope. The guarantee scope of mortgage covers all credit balances arising within the mortgage valve period of validity and under the mortgage maximum principal limit ( including but not limited to the principal, interest, penalty rate, compound interest, penalty, damage indemnity and expenses for the mortgager’s realization of claims, etc.). The credits of the mortgage guarantee at maximum amount which existed before establishing the maximum amount hypothec and carried forward into the contract upon the approval of the mortgager. Regardless of various guarantees (including mortgage, hypothecation and warranty) under the items of the main contract, the mortgage shall guarantee for the debt above by all guaranties hereof. In case that the mortgage registration authority requires to make the guaranty guarantee partial debts of the main contract, the requisition has no legal efficacy to the mortgager and the mortgagee and will not be deemed as modification to the agreed scope of mortgage guarantee in the contract.
Guarantee Scope. The guarantee scope under this contract shall include: Principle, interest, compound interest, penalty, breach compensation, damage compensation and lawsuit expense, lawyer fee and etc expense related to Party B to realizing creditor’s right, other payable expenses.
Guarantee Scope. The Guarantee’s scope is all contractual obligations and matters under the “Formal Equity Interest Transfer Contract of Qingtian Wuliting Hydropower Development Co., Ltd,” and all payment obligations, liabilities for breach of contracts and compensation caused by the Transferee’s failure to perform any contractual obligations thereof.
Guarantee Scope. The guarantee scope is the principal, interest, expense, default interest, damage, penalty, and other cost under the main contract, includes but not limits to fees of suit, fees of arbitration, fees of attachment, fees of assessment, fees of auction, fees of enforcement, fees of legal service.
Guarantee Scope. Party B guarantee scope includes: principle, interest, penalty interest, liquidated damages, etc.
Guarantee Scope. 3.1 The Master Contract of this Maximum Amount Stock Right Pledge Contract is the single agreement and contract (hereinafter called “Master Contract”) signed or to be signed of Credit Agreement and amendment or supplement agreement.
3.2 The pledged stock right under this agreement is that realized within the validity of Master Contract with maximum principal not exceeding the amount equivalent to RMB3,500,000,000, which is established because the participant bank provides the liquid capital loan and trade financing to the borrower, as well as the creditor’s rights to the borrower that is obtained by the participant bank as per the Credit Agreement (hereinafter called primary creditor’s right).
3.3 The pledged stock right is the sum of the following items based on the maximum creditor’s right (hereinafter called “Guaranteed Debts”) guaranteed in the Maximum Amount Stock Right Pledge Contract:
(1) Primary Creditor’s Rights;
(2) Interests (including legal interests, appointed interests, compound interests, penalty interests) arising from the principal of primary creditor’s rights;
(3) Charges not paid by the borrower as per the stipulations stated in the Credit Agreement during the execution of the agreement;
(4) Compensation, default money, damage compensation because the borrower cannot obey any provisions stated in the Credit Agreement;
(5) All expenses (including, but not limited to the charges of lawsuits, property preservation, traveling, evaluation, auction, lawyer, notary and execution) paid by the Pledgor and Pledgee via the Guarantee Agent Bank for realizing the creditor’s right under the Credit Agreement and guarantee interests under Maximum Amount Stock Right Pledge Contract and any other funds to be paid by the Pledgor.
3.4 The loan deadline of liquid fund loan under the Credit Agreement is 36 months as of the withdrawal date of first sum of loan funds. The credit deadline of trade financing under the Credit Agreement is 36 months as of the withdrawal date of the first sum of loan funds. The Pledgor should execute the pledge right under the Maximum Amount Stock Right Pledge Contract during the validity period of lawsuit of primary creditor’s rights.
Guarantee Scope. 3.1 The guarantee scope of this Agreement is in accordance with liabilities for guarantee defined in Article 1.2 hereof.