This document is a Guaranty executed by Leon D. Black in favor of Banc of America Leasing & Capital, LLC (BALC) as a condition for BALC to enter into an Aircraft Loan and Security Agreement with Rance Acquisition, LLC, Wells Fargo Bank Northwest, National Association, and Avioneta Holdings LLC. The Guaranty ensures the payment and performance of obligations by the Customer to BALC. It includes financial covenants requiring the Guarantor to maintain certain levels of unencumbered liquid assets and personal net worth. The document also includes an amendment to the Guaranty, adding specific financial covenants.
documents/EFTA01070796.pdf
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