1. Mortgage of agricultural machinery purchased by the borrower.
2. Partners shall provide irrevocable joint and several liability guarantee (or repurchase guarantee).
3. In principle, the total deposit of partners in China Bank shall not be less than 10% of the loan balance.
In addition to the guarantee methods agreed in this agreement, the handling bank may add the following guarantee conditions that meet the requirements of China Bank according to local trade practices, the borrower's credit standing, repayment ability and other factors:
1. Property under the name of the borrower or a third party that meets the mortgage and pledge management regulations of China Bank.
2. Guarantee companies or other third-party legal persons recognized by Bank of China provide irrevocable joint and several liability guarantee.
3. An irrevocable joint and several liability guarantee is provided by a natural person recognized by China Bank.
4. Other guarantee methods recognized by the lender.
(Answer time: March 2024 18)
The above contents are for your reference. Please refer to the actual business regulations.
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