Other Feature Sample Clauses

Other Feature. (1) This guarantee shall be independent from the invalidity of any other contract or agreement in relation to the indebtedness. (2) The interest and right of the Obligee under this Agreement shall not be affected or restricted by any other contract and agreement. The Obligee is entitled to directly demand the Guarantor to fulfill its obligations of guarantee on default of the Guarantee without claiming interest or right from any other person (including but not limited to the Guarantee, other guarantor/mortgagor etc), taking litigation or any other measures first. (3) This guarantee shall be continuously valid within the term until all indebtedness has been settled. (4) This guarantee shall cover all existing, future, occurred or to-be-occurred indebtedness of the Guarantee under the Banking Facilities. (5) This guarantee shall be unconditional and shall not be reduced or exempted by: (a) amendment, deletion or supplement to any clause of the Banking Facilities; (b) any waiver, preferential treatment or grace period granted by the Obligee to any party; (c) waiver of any rights of by the Obligee at any time; (d) alteration of the legal status or members of any party, including share transfer, bankruptcy, liquidation, merger, acquisition, regroup, demise, restriction of civil rights or civil disposal, change of name or business scope etc.; (e) any other guarantee, mortgage, pledge or security provided by any party; (6) In case that there are more than one guarantor under this Agreement, each guarantor’s undertakings is independent as well as joint. The Obligee is entitled to demand any guarantor to fulfill its obligations.