Common Contracts

2 similar Guaranty contracts by American Leisure Holdings, Inc.

GUARANTY
Guaranty • July 10th, 2007 • American Leisure Holdings, Inc. • Real estate • New Jersey

WHEREAS, COSTA BLANCA I REAL ESTATE, LLC, a Florida limited liability company, having an address at 2460 Sand Lake Road, Orlando, Florida 32809, (the “Borrower”), has requested from KENNEDY FUNDING, INC., a New Jersey corporation, having its principal place of business at Two University Plaza, Suite 402, Hackensack, New Jersey 07601 (“Agent”), as agent for lenders identified in Schedule A annexed to the Note (as hereinafter defined) (Agent and Lenders identified in Schedule A are hereinafter collectively referred to as “Lender”), a loan in the principal sum of FOUR MILLION FOUR HUNDRED FIFTY THOUSAND ($4,450,000) DOLLARS (the “Loan”), which Loan will be evidenced by a promissory note (the “Note”) from Borrower to Lender, and secured by, among other things, that certain Loan and Security Agreement (the “Loan Agreement”) and that certain Mortgage and Security Agreement (the “Mortgage”) from Borrower to Lender, all of the foregoing being of even date herewith. All capitalized terms used h

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GUARANTY
Guaranty • May 1st, 2007 • American Leisure Holdings, Inc. • Real estate • New Jersey

WHEREAS, COSTA BLANCA II REAL ESTATE, LLC, a Florida limited liability company, having an address at 2460 Sand Lake Road, Orlando, Florida 32809, COSTA BLANCA III REAL ESTATE, LLC, a Florida limited liability company, having an address at 2460 Sand Lake Road, Orlando, Florida 32809, TDS TOWN HOMES (PHASE 1), LLC, a Florida limited liability company, having an address at 2460 Sand Lake Road, Orlando, Florida 32809 and TDS TOWN HOMES (PHASE 2), LLC, a Florida limited liability company, having an address at 2460 Sand Lake Road, Orlando, Florida 32809, jointly and severally (collectively, the “Borrower”), has requested from KENNEDY FUNDING, INC., a New Jersey corporation, having its principal place of business at Two University Plaza, Suite 402, Hackensack, New Jersey 07601 (“Agent”), as agent for lenders identified in Schedule A annexed to the Note (as hereinafter defined) (Agent and Lenders identified in Schedule A are hereinafter collectively referred to as “Lender”), a loan in the prin

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