Statement and Guarantee. 8.1 Party B shall make the following statements and guarantee to Party A: A. Party A is registered and incorporated in accordance with laws of the People’s Republic of China, and legally carries out operating activities within the scope of business license; B. Party B is capable to perform rights and obligations under this contract; C. The signing and implementation of this Contract will not violate or collide with laws and administrative provisions that Party B must comply with; the implementation of this contract will not make Party B violate other contract, incorporation files and bylaws it should abide by; D. All materials provided by Party B to Party A should be authentic, accurate, and complete without any disguise; E. Party B should guarantee no repeated loan for the same project under this contract; F. Party B shall submit one report to Party A every half a year to introduce operating situations, project progress and fund use of the Company; where Party B fails to open a bank account in local branch where Party A locates, Party B shall provide the fund withdrawal account opened in other banks, and regularly provide information of fund transactions and relevant certificates; G. Xiamen Jingsu Trade Co., Ltd. will provide 100% equity guarantee.
Appears in 2 contracts
Sources: Loan Contract (China Internet Nationwide Financial Services, Inc.), Loan Agreement (China Internet Nationwide Financial Services, Inc.)