THIRD AMENDMENT TO CREDIT AGREEMENT AND CONSENT AND WAIVERCredit Agreement and Consent and Waiver • August 20th, 2007 • Avatar Holdings Inc • Operative builders • Florida
THIS THIRD AMENDMENT TO CREDIT AGREEMENT AND CONSENT AND WAIVER (“Third Amendment”), dated as of the 14th day of August, 2007, by and among AVATAR PROPERTIES INC., a Florida corporation (“Borrower”), joined by AVATAR HOLDINGS INC., a Delaware corporation (“Guarantor”) and WACHOVIA BANK, NATIONAL ASSOCIATION, in its capacity as Lender and its capacity as administrative agent acting on behalf of the Lenders (“Agent”), GUARANTY BANK, in its capacity as Lender and FRANKLIN BANK, SSB, a Texas Savings Bank, in its capacity as Lender (each a “Lender” and collectively the “Lenders”). This Third Amendment shall become effective as of the date hereof.
