EXHIBIT 10.18.3
GUARANTY
This
GUARANTY, dated as of March 10, 2006, is made by AMERICAN HOME
MORTGAGE INVESTMENT CORP., a corporation organized under the laws
of the State
of Maryland ("Guarantor"), in favor of Barclays Bank PLC (the
"Buyer").
As an
inducement and in consideration for Buyer to enter into that
certain
letter agreement, dated as of March 10, 2006 (the "Letter
Agreement") by and
among American Home Mortgage Acceptance, Inc. ("Seller") and Buyer,
to the
Master Repurchase Agreement, dated as of March 10, 2006, as amended
from time to
time (the "Master Repurchase Agreement"; the Master Repurchase
Agreement and the
Letter Agreement, collectively, the "Agreement"; capitalized terms
used herein
but not defined herein shall have the meanings given in the
Agreement) between
Buyer and the Seller, a wholly-owned subsidiary of the Guarantor,
the Guarantor
hereby unconditionally and irrevocably guarantees the punctual
payment and
performance when due, whether at stated maturity, by acceleration
or otherwise,
of all obligations of the Seller now or hereafter existing under
the Agreement
with respect to any and all Transactions for the Mortgage Loans
(such
obligations being the "Obligations"), and agrees to pay any and all
expenses
incurred by Buyer in enforcing any rights under this Guaranty. This
Guaranty is
a guaranty of payment and not of collection. Buyer shall not be
required to
exhaust any right to remedy or take any action against Seller, any
guarantor,
any other person, any collateral or any credit support.
The
Guarantor guarantees that the Obligations will be paid or
performed
strictly in accordance with their terms. The liability of the
Guarantor under
this Guaranty shall be absolute and unconditional irrespective of
any defense
whatsoever available to Seller or the Guarantor, including, but not
limited to,
the following: (a) any lack of validity or enforceability or any
Obligation or
any agreement or instrument related thereto; (b) any change in the
time, manner
or place of payment or performance of, or in any term of, all or
any of the
Obligations, or any other amendment or waiver of or any consent to
the departure
from any Obligation or any agreement or instrument related thereto;
(c) any
exchange, release or non-perfection of any collateral, or any
release or
amendment or waiver of or consent to departure from any other
guaranty, for all
or any of the Obligations; or (d) any law, regulation or order of
any
jurisdiction affecting or purporting to affect any terms of any
Obligation or of
any agreement or instrument relating thereto or any of Buyer's
rights with
respect thereto (including, without limitation, any stay imposed by
the Federal
bankruptcy laws).
This
Guaranty is a continuing guaranty and shall remain in full force
and
effect until the Obligations have been paid in full.
The
Guarantor hereby waives promptness, diligence, notice of
acceptance,
creation, renewal, extension and any other notice with respect to
any of the
Obligations or this Guaranty. This Guaranty shall continue to be
effective or be
reinstated, as the case may be, if any payment of any of the
Obligations is
rescinded or must otherwise be returned by Buyer upon the
insolvency, bankruptcy
or reorganization of Seller o
