Credit Guarantee Agreement

Credit guarantee agreement

To the branch,

In accordance with your contract and the loan of the borrower, you can provide loans to the borrower by the loan agreement signed on the date of the month of the year. Now, we are willing to guarantee that when the borrower is unable to repay the principal, pay interest and pay the related expenses, no matter what reason he can not repay the loan contract according to the loan contract with you. guarantee A person is willing to undertake the joint and several liability of the borrower in performing the above loan contract.

The Guarantor hereby declares and guarantees:

1. A guarantor is an economic entity registered in the company. Any guarantor who has changed the nature or status of the guarantor himself or something may happen, or may, happen, the guarantor guarantees that he will inform you in time.

Two. The maximum amount of the guarantee amount is the loan amount stipulated in the loan contract, that is, the interest and the related expenses arising from it. If your bank allows the loan of the borrower to expire after the expiration of the loan, the guarantor will not relieve or reduce the liability for guaranty as long as the amount of the guarantee does not exceed the sum of the loan contract.

Three, after the guarantor receives the payment notice issued by your bank to request the guarantor to perform the guaranty liability, whether or not you seek for the borrower, you will make sure that you pay the full amount payable to your bank on the basis of the date of payment and the amount of payment specified in the notice of payment. The payment notice issued by your bank is final and binding on the borrower and the guarantor.

Four, if the guarantor fails to pay in accordance with the time limit and amount specified in your notice, the Guarantor hereby authorizes your bank to open it from the guarantor in the account of your company's account, and may also receive overdue interest.

Five, this guaranty is a continuous guarantee. As long as the borrower has undertaken any current, future or possible debts and liabilities under the relevant provisions, the guarantor will always bear all joint and several liability under this guarantee. If you extend any grace to the borrower, the guarantor's liability under this guarantee will not be lifted or reduced as long as the amount of the guarantor's guarantee is not increased.

Six, as long as the guarantee amount of the guarantor is not increased, the guarantor will not be affected or invalidated by any modification, addition or deletion of the terms of the loan contract or any contract signed by the borrower with other parties because of the consent of the borrower and your bank.

Seven, if the borrower will have property or interest mortgage The guarantor will not exercise the rights under the relevant hypothecation and will not replace the creditor status of the borrower before the guarantor has paid all the amount of the loan under this guarantee.

Eight, if the borrower is bankrupt or merged with other companies, or change the name and so on, it will not relieve the guarantor of his liability under this credit guarantee.

Nine. The guarantor's successors, including those inherited for reorganization, will be covered by this guarantee. constraint And continue to bear the responsibilities under this guarantee. The guarantor will not assign his guarantee obligation without prior written consent.

Ten, if your bank transfers the claim of the loan contract under this guarantee to others, it will not affect the creditor's obligation to guarantee the guarantor's performance.

Eleven, this guarantee is an unconditional and irrevocable guarantee. Any contract (agreement or contract) signed by the guarantor and any other party shall not affect the authenticity, validity and legality of this guarantee.