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1、English translation for reference only. Should there be any inconsistency between the Chinese and English versions, the Chinese version shall prevail.Irrevocable Guarantee of Maximum amount Number: To: China Merchants Bank Co.,Ltd (Hereinafter referred to as Party A)WhereasParty A and company (herei
2、nafter referred to as the “Credit Applicant”) signed No. Credit Awarding Agreement (hereinafter referred to as “Agreement”) on (YY/MM/DD). According to the Agreement, between (YY/MM/DD) and (YY/MM/DD) the credit awarding period (hereinafter referred to as “Credit awarding Period”), your bank shall p
3、rovide the credit line of total amount 50 mm RMB (including the equivalent of other currency) (hereinafter referred to as “Credit Line”).Upon request of the Credit Applicant, we, as being guarantor, agree to issue this guarantee letter in favor of the beneficiary for the Credit Applicant willing to
4、undertake any jointly liabilities of debts in your bank under the following terms and conditions:Article 1 Guarantee of Maximum Amount 1.1 In the period of credit awarding, Party A shall have to right to provide Credit Applicant loan or other credit warding by several times; Credit Applicant shall h
5、ave the right to reuse the revolving line of credit by category of line, but not applicable for the One-time line of credit. The amount, duration and concrete uses of per loan or other credit awarding can be stipulated by specific contracts.Due date of specific business can be later than the due dat
6、e of credit awarding agreement.1.2 When the credit period is expired, if there is still balance of provided bank loan, advanced pay or other credit amount, Guarantor shall bear the warranty liability within the stipulated range of guarantee in article 2 of this agreement; If Party A claims for the r
7、ecourse in according with the provisions under the Agreement or other specific contracts before the maturity of credit, the guarantor shall bear the warranty liability within stipulated article 2 of this agreement.1.3 Bank credit business provided by Party A to Credit Applicant during the period of
8、credit awarding, such as trade acceptance, establishment of a letter of credit (including overriding letter of credit, the same below), L/G, letter of shipping guarantee etc. Even though external advances of Party A may not occur before, but indeed happened after the maturity of credit, Credit Appli
9、cant shall bear the warranty liability within the stipulated range of security guarantee in Article 2 of this agreement.1.4 For the renewal agreement or alteration of valid provision upon the duration, interest and amount of specific business during the performance of specific business under Credit
10、Awarding Agreement, or the adjustment of interest rate on the basis of Credit Awarding Agreement and/or specific contracts during the guarantee period. The Credit Applicant shall accept all this with no necessary to obtain the approval of Credit Applicant or notify Credit Applicant, and no effect to
11、 the guarantee responsibility of Credit Applicant stipulated by the contract as well.1.5 If Party As received documents in letter of credit operation under Agreement be found to have discrepancy through Party As audit , but credit applicant accepted with the discrepancy, Credit Applicant shall also
12、assume the guarantee responsibility with guarantee property for principle and interest of credit in Party As external acceptance or payment. Credit Applicant shall not propose the defense, not because of accepting with the discrepancy but without the approval of Credit Applicant or notify Credit App
13、licant.1.6 The modification of L/C, L/G (or standby letter of credit), acceptance of letter of credit and extension of time for promised payment at maturity etc. Credit Applicant shall accept all this with no necessary to obtain the approval of Credit Applicant or notify Credit Applicant, and no eff
14、ect to the guarantee responsibility of Credit Applicant stipulated by the contract as well.Article 2 Scope of Guarantee2.1 The security guarantee scope of this Agreement is sum of loan within the line of credit provided to Credit Applicant according to stipulation of Agreement and principal balance
15、of other credit (maximum limit is currency RMB 20 mm ). And interest, default interest, compound interest, penalty, fees to realize creditors right and other involved expenses include as well including but not limited to:2.1.1 The released balance of loan amount and corresponding interest, default i
16、nterest, compound interest, penalty, and other involved expenses by Party A on the basis of specific contracts under Agreement;2.1.2 The balance of principle, interest, default interest, compound interest, penalty, and other involved expenses, which has been pay advanced for Credit Applicant in the cau
