Common use of Completion Guaranties Clause in Contracts

Completion Guaranties. Molasky shall cause Affiliates reasonably acceptable to the lender of the Voya Loan to execute payment and completion guaranties with respect to such loan reasonably acceptable to such lender and the guarantors; provided that the .amount guarantied does not exceed $100,000,000. Unless at such time there is an uncured material default under the Voya Loan such guaranties will terminate on the Final Completion Date, as defined in the New Development Agreement.