招商银行最高额抵押合同英文版The maximum mortgage contract.docx
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招商银行最高额抵押合同英文版Themaximummortgagecontract
THEMAXIMUMMORTGAGECONTRACT
October2012
THEMAXIMUMMORTGAGECONTRACT
ContractNo.:
Mortgagee:
ChinaMerchantsBankCo.,Ltd.(hereinafterreferredtoasPartyA)
PrimaryPersonnelinCharge:
Mortgagor(legalpersonorotherorganization):
(hereinafterreferredtoasPartyB)
LegalRepresentative/PrimaryPersonnelinCharge:
Mortgagor(naturalperson):
IDNo.:
Whereas
1,ThecontractwhoseNo.issignedbyPartyB(alsoasCreditApplicant)andPartyAon(YMD)(hereafterreferredasCreditAwardingAgreement),PartyAiswillingtoprovidetoPartyBlineofcredit(hereafterreferredas“lineofcredit”)in(currency)intheamountof()(includingothercurrencyoftheequivalentvalue)duringtheperiodofcreditawarding(hereafterreferredas“periodofcreditawarding”)from(YMD)to(YMD),or
2,ThecontractwhoseNo.issignedby(hereafterreferredasCreditApplicant)andPartyAon(YMD)(hereafterreferredasCreditAwardingAgreement),PartyAiswillingtoprovidetoCreditApplicantlineofcredit(hereafterreferredas“lineofcredit”)in(currency)intheamountof()(includingothercurrencyoftheequivalentvalue)duringtheperiodofcreditawarding(hereafterreferredas“periodofcreditawarding”)from(YMD)to(YMD).
PartyBiswillingtomortgageit’spropertyownedordisposableaccordingtolaw,fortheguaranteeofrepaymentofdebttoPartyAinfullandontimeunderCreditAwardingAgreement.Throughverification,PartyAagreestoacceptPartyB’spropertyownedordisposableaccordingtolawasmortgage.Accordingtorelevantlawsandregulations,PartyAandPartyBenterintothiscontractwithconsensus,andbothpartiesarewillingtoabidebyfollowingclauses.
Art.1MortgagedPropertyofPartyB(additionallistofmortgagedpropertymaybeattachedtothiscontract)
1.1Name:
1.2Quantityorarea:
1.3Location:
1.4Assessmentofpriceandmortgagerate:
1.5Duration:
1.6Certificationofownership:
Art.2MortgageofMaximumAmount
2.1Inperiodofcreditawarding,PartyAshallhavetherighttoprovidePartyB(orCreditApplicant)loanorothercreditawardingbyseveraltimes;PartyB(orCreditApplicant)shallhavetherighttoreusetherevolvinglineofcreditbycategoryofline,butnotapplicablefortheOne-timelineofcredit.Theamount,durationandconcreteusesofperloanorothercreditawardingcanbestipulatedbyspecificcontracts.
Bothpartieshavenoobjectiontothatduedateofspecificbusinesslaterthantheduedateofcreditawardingperiod.
2.2ThusPartyBshallbearthewarrantyliabilitywithinthestipulatedrangeofmortgagesecurityguaranteeinarticle3ofthiscontract;IfPartyAclaimsfortherecourseinaccordingwiththeprovisionsunderCreditAwardingAgreementorotherspecificcontractsbeforethematurityofcredit.PartyB(orCreditApplicant)shallbearthewarrantyliabilitywithmortgagepropertyaswell.
2.3BankcreditbusinessprovidedbyPartyAtoPartyB(orCreditApplicant)duringtheperiodofcreditawarding,suchastradeacceptance,establishmentofaletterofcredit(Includingoverridingletterofcredit,thesamebelow),L/G,letterofshippingguaranteeetc..EventhoughexternaladvancesofPartyAmaynotoccurredbefore,butindeedhappenedafterthematurityofcredit.PartyBshallbearthewarrantyliabilitywithinthestipulatedrangeofmortgagesecurityguaranteeinArticle3ofthiscontract.
2.4Fortherenewalagreementoralterationofvalidprovisionupontheduration,interestandamountofspecificbusinessduringtheperformanceofspecificbusinessunderCreditAwardingAgreement,ortheadjustmentofinterestrateonthebasisofCreditAwardingAgreementand/orspecificcontractsduringthemortgageguaranteeperiod.PartyBshallacceptallthiswithnonecessarytoobtaintheapprovalofPartyBornotifyPartB,andnoeffecttothemortgageguaranteeresponsibilityofPartyBstipulatedbythecontractaswell.
2.5IfPartyA’sreceiveddocumentsinletterofcreditoperationundercreditawardingagreementbefoundtohavediscrepancythroughPartyA’saudit,butcreditapplicantacceptedwiththediscrepancy,PartyBshallalsoassumethemortgageguaranteeresponsibilitywithmortgagepropertyforprincipleandinterestofcreditinPartyA’sexternalacceptanceorpayment.PartyBshallnotproposethedefense,notbecauseofacceptingwiththediscrepancybutwithouttheapprovalofPartyBornotifyPartyB.
2.6ThemodificationofL/C,L/G(orstandbyletterofcredit),acceptanceofusanceletterofcreditandextensionoftimeforpromisedpaymentatmaturityetc.PartyBshallacceptallthiswithnonecessarytoobtaintheapprovalofPartyBornotifyPartB,andnoeffecttothemortgageguaranteeresponsibilityofPartyBstipulatedbythecontractaswell.
Art.3RangeofMortgageSecurityGuarantee
3.1ThesecurityguaranteerangeofthiscontractissumofloanwithinthelineofcreditprovidedtoPartyBaccordingtostipulationofCreditAwardingAgreementandprincipalbalanceofothercredit(maximumlimitis(currency)intheamountof).Andinterest,defaultinterest,compoundinterest,penalty,feestorealizemortgagerightandotherinvolvedexpensesincludedaswell.Includingbutnotlimitedto:
3.1.1Thereleasedbalanceofloanamountandcorrespondinginterest,defaultinterest,compoundinterest,penalty,feestorealizemortgagerightandotherinvolvedexpensesbyPartyAonthebasisofspecificcontractsunderCreditAwardingAgreement;
3.1.2Thebalanceofadvanceprinciple,interest,defaultinterest,compoundinterest,penalty,feestorealizemortgagerightandotherinvolvedexpenses,whichhasbeenpayadvancedforPartyBinthecauseoftheperformanceofPartyA’sobligationofpaymentofCommercialDraft,L/C,L/GandletterofshippingguaranteeunderCreditAwardingAgreement;
3.1.3Thebalanceofprincipleofbankingexternalpayments,interest,defaultinterest,compoundinterest,penalty,feestorealizemortgagerightandotherinvolvedexpensesentrustedbyPartyAwithinthebusinessoftradefinancingunderCreditAwardingAgreement;
3.1.4PartyA’saccountreceivablecreditor'srightstransferredfromPartB(orCreditApplicant),andcorrespondingoverduepenalty(latefee)underfactoringbusiness.and/orthebasicpaymentforpurchase(basicpurchasingfunds)andrelevantexpensesoffactoringpaidbyPartyAtoPartyB(orCreditApplicant);
3.1.5AftertheestablishmentofaletterofcreditinterestrequestedbyPartyB(orCreditApplicant),PartyAauthorizesthebranchofCMBbanktoopenthecoveringL/Cforbeneficiary.Balanceofdebtprincipleofimportbilladvanceandshippingguaranteeandexpensesofdefaultinterest,compoundinterest,penaltyandotherinvolvedfortheopeningofL/C,butalsoadvancefortheperformanceoftheissuingbank’srightsunderthisL/C;
□3.1.6TheoriginalcreditawardingagreementNo.()signedbyandbetweenPartyAandPartyB.Thepartoftheunpaidbalanceinthespecificbusinesscarriedoutundertheoriginalcreditawardingagreementsincetheexecutionofthiscontract.(Ticktheboxincasetheprovisionhereinapplies.);
□3.1.7TheoriginalcontractNo.()/Date()/Name()signedbyandbetweenPartyAandPartyB,andtheunpaidbalanceinthespecificbusinesscarriedoutundertheaforesaidcontractsincetheexecutionofthiscontract.(Ticktheboxincasetheprovisionhereinapplies.);
3.1.8ExpensesfortheenforcementofPartyA’srightofmortgageandrecoveryofthePartyB’s(orCreditApplicant)debt(includingbutnolimitedtoattorneys'fees,legalfees,advertisingfees,deliveryfeeandtravelexpensesetc.).
3.2Asforrevolvinglineofcredit,iftheprovidedloanorotherbalanceofcreditexceedstheamount,PartyB(orCreditApplicant)shallnotbearthewarrantyliabilityforthepartinexcessoftheamount,butliabilityfortheloannotyetexceedscreditamountorotherbalanceofcreditandinterest,defaultinterest,compoundinterest,penaltyandotherinvolvedexpenses.
Notwithstandingtheforegoing,bothpartiesclearanddefinitethat:
Eventhoughtheloanorotherbalanceofcreditexceedsthecreditamountatapointintimeduringthecreditawarding,butallkindsofbalanceofcreditnoyetexceedthesumofcreditamountwhenPartyArequiresPartyBtoassumethewarrantyliability.PartyBshallnottoproposethedefensewithaforesaidprovisions,butbearthewarrantyliabilityforallbalanceofcreditandinterest,defaultinterest,compoundinterest,penaltyandotherrelevantexpensesetc.(subjecttotheclauseofArt.3.1)
Art.4IndependenceoftheContract
ThecontractisimpendentandunconditionalwithouttheinfluenceofCreditAwardingAgreement;noranyagreement/documentsignedbetweenPartyB(orCreditApplicant)andanyperson/organization;norchangeduetocheat,reorganization,closingdown,dismission,bankruptcy,audit,consolidation,separation,reformofacompanyofPartyB(orCreditApplicant);northetolerance,graceorpostponementinperformanceofthecreditor’srightsandinterestsPartyAshallenjoyonthepartofPartyB(orCreditApplicant)underCreditAwardingAgreement.Otherwisemortgageorguarantoratthesametime,thusPartyAwaivesthesequenceofmortgages,waives,altersorannulsothermortgage,alters,annulstheliabilityofguarantor,orPartyArequiresPartyBtoassumethewarrantyliabilityfirst.PartyBshallassumetheliabilitywarrantyforPartyAinaccordingwiththeprovisionsofthismortgagecontract.
Art.5MortgagePeriod
Mortgageperiodmeanstheperiodfromthedateofexecutionofthiscontracttoexpirationtimeoflaw