Guaranteed Claims Clause Samples
The Guaranteed Claims clause establishes that certain claims or obligations are assured by one party, typically regardless of other circumstances or defenses. In practice, this means that if a specified event occurs—such as a default or non-payment—the guarantor is required to fulfill the claim or compensate the affected party, even if the primary obligor fails to do so. This clause is commonly used in financial agreements or commercial contracts to provide additional security to the beneficiary, ensuring that they will receive payment or performance as promised. Its core function is to allocate risk and provide certainty by guaranteeing that specific claims will be honored, thereby protecting the interests of the party relying on the guarantee.
Guaranteed Claims. 1. Guaranteed claims shall be a series of claims arising from loans continually provided by Party B to the debtor from June 28, 2012 to June 27, 2013. The maximum amount shall be RMB Ten Million.
2. At any time during the above period, Party B can continually and circularly provide loans to the debtor as long as the balance of unrecovered claims is less than the maximum amount. Party A shall provide guarantee, to the extent of such maximum amount, to Party B for the claim arising from loans provide by Party B, irrespective of the frequency and amount of each loan, or of whether the expiration date of debtor’s each debt exceeds the above period.
3. During the period as described under clause 1 herein, any contracts, agreements or other legal documents entered by and between Party B and the debtor that result in a debtor-creditor relationship shall be the principal contract of this Contract.
Guaranteed Claims. 3.1 The First Italian Pledge over Quota secures—without previous recourse by the Collateral Agent against the Debtor or any issuer of another personal guaranty or collateral security—the Guaranteed Claims both collectively and individually.
3.2 Without prejudice to any provisions set forth in this agreement regarding the enforcement of the First Italian Pledge over Quota, it is expressly agreed that the First Italian Pledge over Quota may be enforced on all or part of the assets it encumbers, in order to obtain the performance of each of the Guaranteed Claims at its respective due date, at the discretion of the Collateral Agent.
Guaranteed Claims. The Grantors represent and warrant that none of the Claims which are presently vested in the Grantors are themselves secured by a Lien or by the suretyship of a third Person in favor of any one of the Grantors, and the Grantors undertake to notify the Creditor without delay of any Claim, which now is or may at any time hereafter become vested in the Grantors and which, following the date hereof, is or becomes secured by a Lien or by the suretyship of a third Person in favor of any one of the Grantors and to provide the Creditor with copies of the agreements or other documents evidencing such Liens or such suretyships.
Guaranteed Claims. 1. Guaranteed claims shall be a series of claims arising from loans continually provided by Party B to the debtor from June 19, 2011 to June 18, 2012. The maximum amount shall be RMB Five Million.
2. At any time during the above period, Party B can continually and circularly provide loans to the debtor as long as the balance of unrecovered claims is less than the maximum amount. Party A shall provide guarantee, to the extent of such maximum amount, to Party B for the claim arising from loans provide by Party B, irrespective of the frequency and amount of each loan, or of whether the expiration date of debtor’s each debt exceeds the above period. The balance of unrecovered claims including principal, interest (compound interest and default interest included), penalties, compensation and all the fees used for realization of the claim (including but not limited to costs, arbitration fees, property preservation fees, travel expense, enforcement fees, appraisal fees, auction charge, etc.)
3. During the period as described under clause 1 herein, any contracts, agreements or other legal documents entered by and between Party B and the debtor that result in a debtor-creditor relationship shall be the principal contract of this Contract.
Guaranteed Claims. Each Grantor represents and warrants that, with the exception of the Saguenay Hypothec, none of the Claims which are presently owned by such Grantor are themselves secured by a hypothec or by the suretyship of a third Person in favour of such Grantor, and each Grantor undertakes to notify the Attorney without delay of any Claim which now is or may at any time hereafter become vested in any Grantor and which, following the date hereof, is or becomes secured by a hypothec or by the suretyship of a third Person in favour of such Grantor and to provide the Attorney with copies of the agreements or other documents evidencing such hypothecs or such suretyships.
Guaranteed Claims. The guaranteed claims under the contract arising from the obligations under the "waste heat recovery upgrading project contract" that Zhenjiang Kailin shall fulfill its obligations to CGN Energy, means that CGN Energy is entitled to rights as a creditor against Zhenjiang Kailin under the terms of the "waste heat recovery upgrading project contract”.