Carve-Out Guaranty Sample Contracts

CARVE-OUT GUARANTY
Carve-Out Guaranty • November 14th, 2006 • Technical Olympic Usa Inc • General bldg contractors - residential bldgs • New York

THIS UNCONDITIONAL GUARANTY (this “Guaranty”) is dated as of August 1, 2005 and made by TOUSA HOMES, L.P., a Delaware limited partnership (“TOUSA Me TECHNICAL OLYMPIC USA, INC., a Delaware corporation (together with TOUSA Member, jointly and severally, the “Guarantors”), in favor of DEUTSCHE BANK TRUST COMPANY AMERICAS, in its capacity as Administrative Agent for the Lenders described below (in such capacity, together with its successors in such capacity, the “Administrative Agent”).

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CARVE-OUT GUARANTY
Carve-Out Guaranty • March 31st, 2005 • Comstock Homebuilding Companies, Inc. • Operative builders • Virginia

THIS CARVE-OUT GUARANTY (this “Guaranty”) dated as of January 27, 2005, is made by COMSTOCK HOMEBUILDING COMPANIES, INC., a Delaware corporation (“Guarantor”), in favor of CORUS BANK, N.A. (“Lender”).

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