EMPLOYMENT AGREEMENTEmployment Agreement • March 31st, 2005 • Pennichuck Corp • Water supply • New Hampshire
This Agreement, made and entered into as of the 31st day of January, 2005 by and between William D. Patterson (the “Executive”) of Ho-Ho-Kus, New Jersey and Pennichuck Corporation (the “Corporation”), a New Hampshire corporation with principal offices in Nashua, New Hampshire.
GUARANTY AGREEMENTGuaranty Agreement • March 31st, 2005 • Pennichuck Corp • Water supply
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to provide additional security to Banknorth, National Association, a national banking association, acting as trustee (the “Trustee”) under a Loan and Trust Agreement dated as of January 1, 2005 (the “Agreement”) among the Business Finance Authority of the State of New Hampshire (the “Authority”), Pennichuck East Utility, Inc. (the “Borrower”) and the Trustee, pursuant to which the Authority has issued $1,170,000 Water Facility Revenue Bonds (Pennichuck East Utility, Inc. Project) Series 2005D (the “Bonds”), the undersigned, Pennichuck Corporation, a New Hampshire corporation, hereby: (a) absolutely and unconditionally guarantees to the Trustee, for the benefit of the Bondowners, the full and prompt payment when due, whether at maturity or earlier by reason of acceleration or otherwise in accordance with the terms of the Agreement, of any and all present and future debts, liabilities a
