BACK–UP GUARANTY AGREEMENTBack-Up Guaranty Agreement • November 17th, 2006 • Municipal Mortgage & Equity LLC • Real estate • New York
THIS BACK–UP GUARANTY AGREEMENT (as amended, modified, waived, supplemented, extended, restated or replaced from time to time, this “Guaranty”), is made as of the 13th day of November, 2006, by MUNICIPAL MORTGAGE & EQUITY, LLC, a Delaware limited liability company (together with its successors and permitted assigns and any other Person that becomes a limited guarantor under this Guaranty, the “Parent Guarantor”), for the benefit of WACHOVIA CAPITAL MARKETS, LLC, a Delaware limited liability company, as the deal agent (together with its successors and assigns, the “Deal Agent”), VARIABLE FUNDING CAPITAL COMPANY LLC, a Delaware limited liability company, as the purchaser (together with its successors and assigns, the “Purchaser”), and the other Secured Parties under the Repurchase Agreement (defined below) (together with their successors and assigns, the “Secured Parties”). Capitalized terms used but not defined herein shall have the meanings given to such terms in the Repurchase Agreeme
