Performance and Completion Guaranty Sample Contracts

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CDBG PIGGYBACK PROGRAM PERFORMANCE AND COMPLETION GUARANTY
Performance and Completion Guaranty • January 10th, 2007 • Louisiana

NOW, THEREFORE, intending to be legally bound, Guarantor, in consideration of the matters described in the foregoing Preliminary Recitals, which Preliminary Recitals are incorporated herein and made a part hereof, and for other good and valuable consideration the receipt and sufficiency of which are acknowledged, hereby covenants and agrees for the benefit of OCD and its respective successors, indorsees, transferees, participants and assigns as follows:

PERFORMANCE AND COMPLETION GUARANTY
Performance and Completion Guaranty • February 13th, 2019 • Louisiana

NOW, THEREFORE, intending to be legally bound, each Guarantor, in consideration of the matters described in the foregoing Preliminary Recitals, which Preliminary Recitals are incorporated herein and made a part hereof, and for other good and valuable consideration the receipt and sufficiency of which are acknowledged, hereby covenants and agrees for the benefit of LHC and its respective successors, endorsees, transferees, participants and assigns as follows:

This is a model form, but not a required HUD form. Within this model form is HUD-required language (in bold-face type) which must be included in any Performance and Completion Guaranty in a mixed-finance transaction. HUD- required language may not be...
Performance and Completion Guaranty • March 25th, 2021

WHEREAS, the Authority has agreed to provide to [8] (the “ [9] ”) a duly organized and existing [10] having its address at [11] a loan of [12] in the amount of [13] ($ [13] ) (the “Authority Loan”) for the development of [14] public housing units and associated appurtenances (hereafter referred to as the “Project”), which is part of a larger complex known as [15] to be located at [16] (the “Development”); and

MULTIFAMILY RESTORATION LOAN FUNDING PROGRAM PERFORMANCE AND COMPLETION GUARANTY
Performance and Completion Guaranty • June 5th, 2017 • Louisiana

additional information, and all written attachments, addenda, and amendments pertaining thereto (collectively, the “Application”), LHC agreed to make the award described in and in accordance with the terms and conditions of the letter dated , 201_, for the project described therein; and

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