Payment and Completion Sample Contracts

GUARANTY OF PAYMENT AND COMPLETION
Payment and Completion • April 28th, 2003 • Horizon Group Properties Inc • Real estate investment trusts • Illinois

THIS GUARANTY OF PAYMENT AND COMPLETION (this “Guaranty”) is dated as of April 24, 2003 and given by HORIZON GROUP PROPERTIES, INC., a Maryland corporation (the “Guarantor”), to and for the benefit of AMSTER TRADING COMPANY CHARITABLE REMAINDER UNITRUST DATED MARCH 10, 2003 (“Lender”).

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GUARANTY OF PAYMENT AND COMPLETION
Payment and Completion • March 15th, 2018 • Trinity Place Holdings Inc. • Operators of nonresidential buildings

THIS GUARANTY OF PAYMENT AND COMPLETION (this “Guaranty”) is dated as of December 22, 2017 by TRINITY PLACE HOLDINGS INC., a Delaware corporation with an address of 340 Madison Avenue, 3rd Floor, Suite 3C, New York, New York 10173, Attention: Steven Kahn (“Holdings”), to and for the benefit of MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, a Massachusetts corporation (“Lender” and to the extent applicable under Article 15 of the Master Loan Agreement, “Administrative Agent”), and for the benefit of the Lender Parties. As used in this Agreement, “Lender Parties” shall mean Administrative Agent, Lender and each of their respective successors and assigns. Borrower and Holdings are hereinafter collectively referred to as “Guarantor”.

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