GUARANTEE OF RECOURSE OBLIGATIONS (Single Guarantor)Guarantee of Recourse Obligations • October 30th, 2008 • Mack Cali Realty Corp • Real estate investment trusts
In consideration of the benefits which the undersigned (herein called “Guarantor”) will receive as a result of The Northwestern Mutual Life Insurance Company (“Northwestern”) and New York Life Insurance Company (“NY Life”) (Northwestern and NY Life being hereinafter together collectively referred to as “Lender”) making the above-numbered loans to M-C Plaza V L.L.C., a New Jersey limited liability company, Cal-Harbor V Urban Renewal Associates L.P., a New Jersey limited partnership and Cal-Harbor V Leasing Associates L.L.C., a New Jersey limited liability company (collectively, the “Borrower”) evidenced by the promissory notes (the “Notes”) of even date herewith in the aggregate original principal amount of $240,000,000 and secured by a Mortgage and Security Agreement and Financing Statement (the “Lien Instrument”) covering property in Jersey City, Hudson County, State of New Jersey (the “Property”), and as an inducement required by Lender to fund said loans, Guarantor has agreed to gua
