CONTINUING LETTER OF CREDIT AGREEMENTContinuing Letter of Credit Agreement • May 24th, 2010 • Avatar Holdings Inc • Operative builders
In consideration of the Bank (as defined below) previously having issued letters of credit whether documentary or standby and all amendments thereto (hereinafter each individually, and all collectively called the “Credit”) substantially in accordance with an Application (as defined below) for a Credit tendered to the Bank the undersigned (hereinafter, individually and collectively, the “Applicant”) agrees:
SECURITY AGREEMENTSecurity Agreement • May 24th, 2010 • Avatar Holdings Inc • Operative builders • Florida
This SECURITY AGREEMENT (this “Agreement”) is made and entered into on this 18th day of May, 2010, by and between AVATAR PROPERTIES INC., a Florida corporation (the “Company”), AVATAR HOLDINGS INC., a Delaware corporation (“Holdings”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (successor by merger with WACHOVIA BANK, NATIONAL ASSOCIATION) (the “Bank”).
GUARANTY AGREEMENTGuaranty Agreement • May 24th, 2010 • Avatar Holdings Inc • Operative builders • Florida
THIS GUARANTY dated as of May 18, 2010 (together with any amendments or modifications hereto in effect from time to time, this “ Guaranty”), made by AVATAR HOLDINGS INC., a Delaware corporation, having an address at 201 Alhambra Circle, 12th Floor, Coral Gables, Florida 33134 (“Guarantor”), in favor of WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Lender”).
