EXCEPTIONS TO NONRECOURSE GUARANTYNonrecourse Guaranty • February 27th, 2006 • American Retirement Corp • Services-skilled nursing care facilities
THIS EXCEPTIONS TO NONRECOURSE GUARANTY (“Guaranty”) is entered into as of __________, 2005, by the undersigned (the “Key Principal” whether one or more), for the benefit of and in order to induce GMAC COMMERCIAL MORTGAGE BANK, a Utah industrial bank (together with its “successors and assigns,” the “Lender), to make a loan to DENVER LOWRY JV, LLC, a Delaware limited liability company (the “Borrower”), in the amount of $25,480,000.00 (the “Loan”).
