Operating Deficit Guaranty Sample Contracts

OPERATING DEFICIT GUARANTY FOR TARGETED AFFORDABLE HOUSING PROPERTIES WITH PRESERVATION REHABILITATION (Revised 2-14-2020)
Operating Deficit Guaranty • August 3rd, 2020

THIS OPERATING DEFICIT Guaranty (“Guaranty”) is entered into to be effective as of ____________________, 20__, by the undersigned person(s) ______________________________ (“Guarantor”, collectively if more than one), for the benefit of ________________________________________________________ (“Lender”).

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OPERATING DEFICIT GUARANTY (FOR USE WITH BOND ENHANCEMENTS - REVISION DATE 11-16-2009)
Operating Deficit Guaranty • September 17th, 2020 • California

This Operating Deficit Guaranty (“Guaranty”) is entered into as of [DATED DATE], by the undersigned person(s) (the “Guarantor” jointly and severally if more than one) for the benefit of FEDERAL HOME LOAN MORTGAGE CORPORATION, a shareholder-owned government-sponsored enterprise organized and existing under the laws of the United States (the “Lender”).

OPERATING DEFICIT GUARANTY (FOR USE WITH BOND ENHANCEMENTS - REVISION DATE 11-16-2009)
Operating Deficit Guaranty • September 16th, 2020

This Operating Deficit Guaranty (“Guaranty”) is entered into as of [DATED DATE], by the undersigned person(s) (the “Guarantor” jointly and severally if more than one) for the benefit of FEDERAL HOME LOAN MORTGAGE CORPORATION, a shareholder-owned government-sponsored enterprise organized and existing under the laws of the United States (the “Lender”).

OPERATING DEFICIT GUARANTY - TEL (Revised 10-1-2020)
Operating Deficit Guaranty • September 16th, 2019

This OPERATING DEFICIT GUARANTY (“Guaranty”) is entered into to be effective as of ___________, 20__, by the undersigned person(s) (“Guarantor”, collectively if more than one) for the benefit of [FUNDING LENDER] (the “Funding Lender”).

CDBG PIGGYBACK PROGRAM OPERATING DEFICIT GUARANTY
Operating Deficit Guaranty • January 10th, 2007 • Louisiana

referred to as an “Guarantor” and collectively referred to as the “Guarantors”) to and for the benefit of the STATE OF LOUISIANA, DIVISION OF ADMINISTRATION, OFFICE OF COMMUNITY DEVELOPMENT (“OCD”).

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