Scope of Guarantee Clause Examples
The "Scope of Guarantee" clause defines the specific obligations, products, services, or conditions that are covered by a guarantor's promise within an agreement. It typically outlines the extent and limitations of the guarantee, such as whether it applies to all goods delivered, only certain defects, or specific performance criteria. By clearly delineating what is and is not guaranteed, this clause helps prevent misunderstandings and disputes, ensuring both parties understand the boundaries of the guarantor's responsibility.
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Scope of Guarantee. The scope of guarantee hereunder is as follows (expressed with “√” in front of the option):
Scope of Guarantee. Please see Article 11 of the contract for details.
Scope of Guarantee. The Guarantee applies to the principal, interest, penalty interest, compound interest, liquidated damages, damages and litigation (arbitration) expenses, attorney fees and any other costs incurred by Creditor in enforcing its rights. Guarantor agrees to guarantee any amount exceeding the Maximum Guarantee Amount as a result of exchange rate fluctuation.
Scope of Guarantee. The scope of guarantee shall include: the principal, interest, punitive interest, compound, and default penalty, indemnification under this contract, the expenses for exercising the Lender’s rights under this contract, and all other expenses shall be paid by the Borrower.
Scope of Guarantee. 1. The financial claims under this contract ("the secured claims") refers to all debts provided by the creditor to the debtor, including but not limited to the principal debt, interest (including default interest, compound interest), breach of contract , damages , expenses of claims.
2. On the due date, if the applicant refused to repay the loan, which lead to the debt rights also in the range of the guarantee.
3. The principal , interest and other costs, the time of performance, usage, rights and obligations of the parties as well as any other relevant matters under the contract shall prevail by relevant agreements, contracts, application, notice , various certificates and other records, all kinds of certificates and other relevant legal documents issued or signed without guarantor’s confirmation.
4. In order to avoid ambiguity, all fees of prepare, improve, perform or enforce the contract (including, but not limited to attorney’s fees, litigation or arbitration costs etc.) constitute a part of the secured debt.
Scope of Guarantee. The scope of guarantee of this Contract is as follows (tick the box before the item applicable ”✓”): ✓The principal, interest, compound interest and penalty interest of all debts and the cost of realizing the creditor’s rights (including contingent debts) to be borne by the debtor under the Comprehensive Credit Line Contract P.Y (Shanghai) Z.Z. No.A454201806140001 (hereinafter referred to as the “main contract”). The maximum principal amount of the debt (balance) is (equivalent to) RMB (currency) (in words) four million two hundred thousand Yuan only. ☐ The (equivalent to) (currency)(in words) of the principal (equivalent to) (currency) (in words) of the debts (including contingent debts) to be borne by the debtor under the Contract P.Y.Z. No. (hereinafter referred to as the “main contract”) and the corresponding interest, compound interest, penalty interest, and the cost of realizing the creditor’s rights. As long as the debt under the Main Contract is not fully settled, Party A has the right to request Party B to assume the guarantee liability in terms of the debt balance within the purview of the above guarantee. ☐ The performance of all the credit line contracts and specific credit business contracts (hereinafter referred to as the “main contract”) between the debtor and Party A from to . The date of execution of the main contract shall be within the aforesaid period, and the performance period of the Main Contract shall not be limited to the aforesaid period. The scope of Party B’s maximum guarantee includes the principal, interest, compound interest and penalty interest of all debts and the cost of realizing the creditor’s rights (including contingent debts) of the debtor under the main contract. The maximum principal amount (balance) of the debt above is (equivalent to) (currency) (in words). ☐ The principal (equivalent to) (currency) (in words) of all outstanding debts borne by the debtor under Contract P.Y.Z. No. (hereinafter referred to as the “Main Contract”) and the interest, compound interest, penalty interest thereof, and the cost of realizing the creditor’s rights. Interest, penalty interest and compound interest are calculated according to the Main Contract and such calculation will end on the date of the settlement of the debt. The cost of realizing the creditor’s rights include but not limited to announcement fee, service fee, appraisal fee, attorney’s fee, litigation fee, traveling expenses, assessment fee, auction fee, property preserva...
Scope of Guarantee. The guarantee of pledged equity under this Agreement covers all the obligations of Party B and Party C under the Master Contract (including but not limited to any monies, dividends, bonuses or any assets, liquidated damages, damages due but not paid to Party A etc.) and the expenses incurred for realizing main creditor’s rights and pledges, as well as all other related costs, but not limited to the amount of secured creditor’s rights as recorded in the administration for industry and commerce.
Scope of Guarantee. The scope of guarantee herein is [all the debts under the Master Contract, including, but not limited to, all the principal, the interest (including the compound interest and penalty interest), liquidated damage, damages, other amount that Borrower shall pay to Party B (including, but not limited to, the related handling charge, communication fee, miscellaneous fees, etc.), the fees incurred to Party B arising from the fulfillment of the Lender’s right and guarantee right (including, but not limited to, litigation fees, arbitration fees, fees for preservation of properties, travelling expenses, enforcement fees, appraisal fees, auction fees, public notarization fees, service fees, public announcement fees and attorney’s fees).
Scope of Guarantee. The Guarantee covers the creditor’s right of this contract, interests (the interests mentioned hereinafter including interest, default interest, compound interest), liquidated damages, compensation, charges, all expenses incurred in the signing and performance of this contract and the expenses attributable to the exercise of guarantee rights and the creditor’s rights (including but not limited to litigation fee, taxes, attorney fee, travel expenses, management fee and charge for auction or disposition of property) and the additional security deposit required by the creditor has not added to the guarantee amount.
Scope of Guarantee. The scope of Guarantee provided by Party B shall contains of Main debt principal, interest, compound interest, penalty interest, penalty, compensation, exchange rate loss (loss caused by exchange rate floating) and cost to realize the creditor’s right(including but not limited to, lawsuit expense, attorney fee).