Irrevocable counter-guarantee
**Group Co., Ltd.:
Your company wants to ** ** ** ** to the ** Bank Hong Kong Branch irrevocable guarantee, guarantee ** International Development Co., Ltd. to the above bank to provide the amount of the letter of credit and the amount of the trust delivery, now my company to your company Provide an irrevocable counter-guarantee.
Generally, the amount of the letter of credit is HK$10,000, and the amount of the trust withdrawal under it is 10,000 Hong Kong dollars. Our unit now provides unconditional and irrevocable provision of irreversible counter-guarantee to the company to guarantee the loan. The person repays all the repayments due to the bank convenience mentioned above, including the principal, profit, expenses and other payables.
1. If the borrower fails to repay any of the due repayments due to the bank's facilities as required by the Bank, including the principal, interest, fees or other payables, the counter-guarantor shall be in the ** The bank shall, within 15 days of written request, wire the amount owed by the borrower to the bank account designated by the bank in the currency prescribed by the bank, and the counter-guarantor agrees not to take the above written request from the bank. Any action required or mandatory contributor to perform its obligations under the above bank facilities.
2. All the payables of the counter-guarantor under this counter-guarantee must be paid in full and there must be no set-off, deduction or withholding. If, due to legal requirements or other reasons, the counter-guarantor has to withhold or deduct any taxes or other payments in its payables, the counter-guarantor must pay an additional amount to ensure that the bank’s paid-in amount and withholding or damage The amount of receivable before deduction is the same.
3. The counter-guarantor agrees that this counter-guarantee and all its obligations under this counter-guarantee will not be released or affected by:
a) Your original guarantee** The Bank gives the Borrower any time or tolerance or waive, revoke or delay the exercise of any rights to the Borrower at any time;
b) any change or personnel change of the borrower's legal person organization or shareholder;
c) internal restructuring or personnel changes of the counter-guarantor;
d) any modification or change of the relevant file with the anti-guarantor's consent to the bank's convenience and/or your company's guarantee** any other guarantee, lien, money order, bill mortgage, deposit or bank that the bank currently or in the future holds the borrower Other collateral.
4. Any notice or request given by the bank to the guarantor shall be transmitted in writing at the following address or telex number:
address:
Telex number:
The notice or request of the transmission and counter-guarantor is deemed to be served when:
a) If a letter is used, the day 7 after the mailing;
b) If telex is used, the time of transmission.
5. The counter-guarantor hereby expresses and warrants to your company:
a) The counter-guarantor is a company established and existing under the relevant laws of Hong Kong.
b) The counter-guarantor has full legal authority to sign this warranty and perform all obligations under this counter-guarantee.
c) This counter-guarantee constitutes a legal, valid and binding obligation of the counter-guarantor;
d) The counter-guarantor has taken all appropriate and necessary internal measures to authorize the signing of this counter-guarantee.
e) The counter-guarantor has obtained the approval, license, approval and appointment for the signing, performance or execution of this guarantee from the relevant laws of the Hong Kong Government and the approval of any foreign currency payment required for this document.
f) The signing and execution of this counter-guarantee is a non-governmental commercial activity and not a government or official activity; the anti-guarantor may not use the national sovereignty or any Hong Kong law as a ground for legal action, the legal act before the final ruling and the relevant counter-guarantor itself. Exemption from the enforcement of the final ruling of its property or its subsidiary legal acts. The counter-guarantor expressly waives all legal immunity that may or may not be obtained in the future.
6. All rights, obligations and liabilities mentioned in this counter-guarantee are not subject to the laws of Hong Kong.
7. The validity period of this guarantee is effective from the date of signing until all the repayments of the above-mentioned bank facilities include the full repayment of principal and interest, expenses and other payables.
8. After the counter-guarantee is effective, all the creditor's rights, debts, economic transactions and all legal liabilities of the company will be borne by the counter-guarantor.
witness:
Counter-guarantor:
year month day
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