RHODE ISLAND HOSPITAL TRUST NATIONAL BANK, Plaintiff, Appellee, v. HOWARD COMMUNICATIONS CORPORATION, et al., Defendants, Appellees, Robert T. Howard, et al., Defendants, Appellants, 980 F.2d 823

CYR, Circuit Judge. Between 1988 and 1990, appellants Robert Howard and Scott Robb held FCC licenses to operate several radio stations through two closely-held companies, Howard Communications Corporation and Citi-com Radio of Pittsfield [hereinafter collectively, the “Companies”]. In 1990, the Companies defaulted on a $2.65 million loan, personally guaranteed by Howard and Robb. Rhode Island Hospital Trust National Bank [“Hospital Trust”], the lender, sued for repayment and for the appointment of a receiver to take control of the Companies’ assets, including their FCC licenses.

In apparent contravention of the ensuing receivership order, appellants took various dilatory actions designed to impede FCC approval of the license transfers to the court-appointed receiver. Robb and Howard appeal the district court finding of civil contempt, and the

summary judgment entered against them on their loan guaranty. We affirm. I BACKGROUND Viewing the pleadings, affidavits, and other competent submissions in the light most favorable to appellants, see Milton v. Van Dorn Co., 961 F.2d 965, 969 (1st Cir.1992), without crediting “conclusory allegations, improbable inferences, and unsupported speculation,” Medina-Munoz v. R.J. Reynolds Tobacco Co., 896 F.2d 5, 8 (1st Cir.1990), the following facts emerge. In 1988, appellants Howard and Robb, acting on the advice of their “financial consultant,” Gregory L.

Howard, approached Hospital Trust’s Broadcast Lending Division in an effort to refinance a $1.1 million bank loan then held by Old Stone Bank. After extensive negotiations, Hospital Trust officials agreed to lend the Companies $2.65 million to refinance the loan and to pursue a program of expansion. A Loan Agreement and Revolving Credit and Term Note (hereinafter, collectively, the “loan agreement”) were duly executed by Robert Howard, as president of the Companies, on October 28, 1988.

Concurrently, appellants, as co-owners of the Companies, executed a Guaranty Agreement under which they personally guaranteed the Companies’ loan agreement obligations. Until September 30, 1989, appellants were answerable under their guaranty whenever the Companies failed to make any payment in full, as it came due. After that date, appellants were liable on the occurrence of an event of default, as defined under § 5.08 of the loan agreement. Howard and Robb reluctantly signed the guaranty at the insistence of Hospital Trust, in order to permit the loan transaction to go forward.

In all significant respects, the guaranty was valid and enforceable on its face. No loan payments were made after January 30, 1990. On April 17, 1990, the Companies admitted their inability to make loan payments in a timely manner, and on June 26, 1990, the Companies admitted an event of default under § 5.08 of the loan agreement, thereby triggering appellants’ liability on their guaranty. On October 17, Hospital Trust brought an action against the Companies under their loan agreement, and against appellants on the guaranty.

In February 1991, following several unsuccessful workout attempts, Hospital Trust moved for the appointment of a receiver to liquidate the Companies’ assets in satisfaction of the unpaid loan balance. At the hearing held on the motion for the appointment of a receiver in July 1991, Robb orally represented to the district court that $2 million had been “segregated to [appellants’] account” for the purpose of settling the loan dispute. The court granted appellants’ request to defer the appointment of a receiver, but no funds were forthcoming.

On August 5, Howard filed an affidavit in support of a further request for deferral of the appointment of a receiver, representing to the court that the funds would be available on or before August 15. Again the court acceded, but no funds were forthcoming. On August 23, the court appointed Robert Maccini, a media consultant, as receiver, effective August 26, and directed him to obtain control of the Companies’ properties, including their FCC licenses.

Appellants were enjoined to cooperate in the delivery of the Companies’ properties and to refrain from “disturbing] or impeding] the receiver in the performance of his duties in any way.” The procedural plot deepened on August 26, when Howard and Robb moved to stay enforcement of the receivership order pending FCC approval of the receiver’s succession to the radio station license rights. The motion was denied. Although Howard and Robb could have appealed the receivership order, see 28 U.S.C. § 1292(a)(2) (conferring appellate jurisdiction of interlocutory appeals from receivership orders), no appeal was taken.

Instead, on August 28,

chapter 11 petitions were filed in behalf of the Companies, which resulted in an automatic stay of the district court receivership proceedings against the Companies. See 11 U.S.C. § 362(a)(1). In accordance with FCC regulations, see 47 C.F.R. 21 — 11(d), Howard and Robb thereupon submitted a Transfer of Control Application to the FCC requesting authorization to transfer the radio station licenses to the Companies, qua debtors-in-possession. As the district court proceedings against Howard and Robb were unaffected by the Companies' initiation of

chapter 11 proceedings, see, e.g., In re Supermercado Gamboa, Inc., 68 B.R. 230, 232 (Bankr.D.P.R.1986), on October 9, Hospital Trust moved for partial

summary judgment against appellants on their loan guaranty.

Summary judgment was granted on April 1, 1992. The intervening dismissal of the Companies’

chapter 11 proceedings on January 9, 1992, lifted the automatic stay of the receivership proceedings. See 11 U.S.C. § 362(c)(1) & (2)(B). The receiver accordingly moved to take control of the Companies’ assets and, on or about January 17, 1992, in order to assume control of the FCC licenses from the former debtors-in-possession, forwarded license transfer applications to Howard and Robb for execution. Howard signed the transfer applications on January 22 and returned them to the receiver on January 28.

In the meantime, however, on January 20, Robb had filed a separate set of license transfer applications, seeking authorization to retransfer the FCC licenses from the Companies, qua debtors-in-possession, to the Companies, qua former debtors-in-possession. Moreover, Robb notified the receiver that the receiver’s license transfer applications should not be filed until appellants’ applications had “cleared” the FCC. The receiver’s transfer applications were not filed with the FCC until February 4.

On February 9, in response to the filing of the receiver’s license transfer applications with the FCC, appellants filed a so-called “Transferor’s Statement of Circumstances,” signed by Robb and supported by Howard’s affidavit. The statement and affidavit opposed the receiver’s license transfer applications and alleged a litany of illegal and abusive activities on the part of the receiver. The district court later found these accusations false, misleading, and vi-olative of the receivership order.

Simultaneously with the filing of the Transferor’s Statement of Circumstances, the FCC received a so-called “Petition to Deny and Impose Forfeiture,” signed by “Denise Harris” and purportedly submitted in behalf of the “HCC/CRP Creditors Committee.” Although appellants’ names do not appear on the “petition,” upon further investigation it was discovered that Denise Harris was a receptionist for Robb’s law firm.

The creditors committee petition reiterated the false allegations against the receiver, urged disallowance of the request for transfer of the Companies’ licenses to the receiver, and recommended imposition of “the highest possible penalty” against the receiver and Hospital Trust. If the HCC/CRP Creditors Committee was anything other than a vehicle utilized by appellants to impede the license transfer to the court-appointed receiver, the record does not substantiate it.

In any event, Howard and Robb now admit their responsibility for filing the petition signed by Harris, which the district court found to be a flagrant violation of its order enjoining appellants to refrain from “disturbing] or impeding] the receiver....” On April 1, the district court found Howard and Robb in civil contempt for interposing (1) the unnecessary post-bankruptcy license retransfer, (2) the creditors committee’s petition through Harris, and (3) the “Statement of Circumstances” opposing the FCC license transfer to the receiver.

Appellants were ordered to reimburse Hospital Trust and the receiver for the attorney fees incurred in responding to the dilatory FCC filings by and in behalf of appellants. See Chambers v. NASCO, Inc., — U.S. -, -, 111 S.Ct. 2123, 2133, 115 L.Ed.2d 27 (1991) (upholding inherent power of federal district court to shift counsel fees as sanction for contemptuous conduct which included, inter alia, false and frivolous FCC petitions); Hutto v. Finney, 437 U.S. 678, 689, 98 S.Ct. 2565, 2572, 57 L.Ed.2d 522 (1978). Howard and Robb appeal. II DISCUSSION 1.

Summary Judgment

Summary judgment was appropriate on the loan guaranty only if Hospital Trust demonstrated (1) the absence of any genuine issue of material fact, and (2) its right to judgment as a matter of law. See Fed.R.Civ.P. 56(c); FDIC v. Singh, 977 F.2d 18, 20 (1st Cir.1992). We view the evidence in the light most favorable to the non-moving parties, see Bank One Texas, N.A. v. A.J. Warehouse, Inc., 968 F.2d 94, 97 (1st Cir.1992), and review the

summary judgment ruling de novo, see, e.g., Milton, 961 F.2d at 969. Appellants frivolously assert that the loan guaranty is “void on its face,” as it omitted to prescribe a “minimum net worth” the guarantors would be required to maintain as contemplated by the form. The appropriate inquiry is whether the omitted term is material, i.e., whether its omission renders the guaranty “too vague and uncertain to constitute an enforceable contract.” Jordan-Milton Mach., Inc. v. F/V Teresa Marie II, 978 F.2d 32, 35 (1st Cir.1992).

The omission of a “minimum net worth” term was utterly immaterial, as it in no manner prejudiced appellants but simply deprived Hospital Trust of further protection under its loan guaranty. Appellants’ claim that there was insufficient consideration for the loan guaranty is untenable under Rhode Island law, which makes clear that the loan made to the Companies was sufficient consideration for their personal guaranty. See Katz v.

Prete, 459 A.2d 81, 86 (R.I.1983) (“When a corporate officer agrees to be liable for a debt of the corporation, it is not necessary for consideration to move to the officer personally. ■ It is enough if the corporation receives the consideration.”). Appellants’ further contention, that their liability under the guaranty expired on September 30, 1989, is belied by the express language of the guaranty: On or after September 30, 1989, the liability of the Guarantors hereunder shall be released at all such times that there is no Event of Default....

The Guaranty will immediately be reinstated at any time than [sic] an Event of Default under § 5.08 of the Loan Agreement occurs. The record is clear that the Companies were in default under § 5.08 of the loan agreement on or before June 26, 1990, and that the default remained uncured. Under the unambiguous terms of their guaranty agreement, therefore, appellants’ liability was “reinstated.” “[S]o long as the words of an agreement are plain and free from ambiguity, they must be construed in their ordinary and usual sense.” Bank One Texas, 968 F.2d at 98 (quoting McDonald’s Corp. v.

Lebow Realty Trust, 888 F.2d 912, 913-14 (1st Cir.1989)). See also United States v. Mallett, 782 F.2d 302, 303 (1st Cir.1986) (express language of guaranty bars defenses). Finally, we perceive no error in the district court ruling rejecting appellants’ claim that their loan guaranty was fraudulently induced by Hospital Trust. Where, as here, a claim must be established by “clear and convincing evidence,” see Halpern v. Pick, 522 A.2d 197, 197 (R.I.1987) (fraudulent inducement must be proved by “clear and convincing evidence”); see also Fashion House, Inc. v.

K Mart Corp., 892 F.2d 1076, 1092 (1st Cir.1989) (same) (New York law), “evidence that ‘is merely color-able or is not significantly probative’ cannot deter

summary judgment,” Wynne v. Tufts Univ. School of Medicine, 976 F.2d 791, 794 (1st Cir.1992) (quoting Anderson v. Liberty Lobby, 477 U.S. 242, 249-50, 106 S.Ct. 2505, 2511, 91 L.Ed.2d 202 (1986)). Appellants rely entirely on conclusory affidavits attesting to their “understanding” that the guaranty agreement would not be enforced and that additional “consideration” would be provided.

Even assuming that their conclusory “understandings” were competent evidence, see Fed.R.Civ.P. 56(e), notwithstanding the recognized “rule that where ... the contract is unambiguous, extrinsic evidence as to ... the intent of the parties should not be considered,” Singh, at n. 7, we are persuaded that Rhode Island law would preclude appellants’ reliance on Hospital Trust’s alleged oral representations as a sufficient basis for opposing

summary judgment. Appellants purport, inter alia, to be sophisticated businessmen (Robb a communications lawyer; Howard a longtime executive with National Broadcasting Company) who retained a “financial advisor” to assist in the negotiation of a complex commercial transaction. They had made previous loan agreements which did not include personal guaranties. They read and understood the terms and reluctantly signed the guaranty, apparently well aware that it would bind them.

As the Rhode Island Supreme Court held in Katz, 459 A.2d at 85, a sophisticated businessman’s asserted reliance on oral characterizations may be held unreasonable, as a matter of law, where the characterizations contradicted the plain language of a guaranty contract and are inconsistent with the circumstances surrounding its execution. See also Mallett, 782 F.2d at 303-04 (guarantor’s asserted reliance on “conditional, tentative statement” by lender held inadequate). We conclude that appellants’ contentions are without basis in law and that

summary judgment was properly granted on their loan guaranty. 2. The Contempt Order Next, appellants challenge the district court’s finding of civil contempt for “impeding the transfer of the FCC licenses to the Receiver.” Ordinarily, a civil contempt order is treated as a nonappealable interlocutory order. See 11 Charles A. Wright & Arthur R. Miller, Federal Practice & Procedure § 2960 at 592 (1973). In the present case, however, we need not resolve the difficult jurisdictional issue raised by appellants, since the contempt finding and sanctions were abundantly warranted. See Norton v.

Mathews, 427 U.S. 524, 528-33, 96 S.Ct. 2771, 2774-76, 49 L.Ed.2d 672 (1976) (where merits can be easily resolved in favor of the party challenging jurisdiction, resolution of complex jurisdictional inquiry may be avoided); see also DCPB, Inc. v. City of Lebanon, 957 F.2d 913, 919-20 (1st Cir.1992) (citing Cruz v. Savage, 896 F.2d 626, 635 (1st Cir.1990)). As supportably determined by the district court, see Project B.A.S.I.C. v.

Kemp, 947 F.2d 11 (1st Cir.1991) (“clear error” review appropriate on mixed question of law and fact in contempt proceedings; ultimate finding of contempt reviewed for abuse of discretion), appellants displayed a clear pattern of resistance, overt as well as surreptitious, to the enforcement of the receivership order. The contumacious conduct included their dilatory FCC applications to transfer the station licenses to the Companies following dismissal of the

chapter 11 proceedings, rather than directly to the receiver; their notification to the receiver that his FCC applications for approval of the license transfers to himself should not be filed until their own dilatory transfer applications had been processed; and the misleading FCC filings (including the “creditors committee” filing signed by Robb’s receptionist), designed to impede enforcement of the receivership order, notwithstanding the fact that appellants were explicitly enjoined to cooperate and to “refrain from ... imped[ing] the receiver in the performance of his duties in any way.” Cf.

Chambers, — U.S. at-, 111 S.Ct. at 2139 (upholding contempt sanctions for course of conduct which included, inter alia, filing frivolous FCC opposition in order to circumvent judgment ordering transfer of license; “as long as a party receives an appropriate hearing ... the party may be sanctioned for abuses of process occurring beyond the courtroom, such as disobeying the court’s orders”). Appellants do not cite (and neither we nor the district court have discovered) any authority which would support the claim that their actions were “compelled” by FCC regulations. Id.

We discern no abuse of discretion in the district court’s contempt finding or its imposition of sanctions. Affirmed; double costs to appellee. . Howard Communications, a Delaware corporation, held FCC licenses to operate radio stations WGAM-AM and WRSI-FM in Greenfield, Massachusetts. Citicom, a Massachusetts corporation, held FCC licenses to operate radio stations WBEC-AM/FM in Pittsfield, Massachusetts. . Other so-called "facts,” presented by appellants for the first time on appeal, were not before the district court and will not be considered on appeal. See Fed.R.App.Proc. 10(a). .

Appellants now state that they understood that the guaranty would not be enforced, that it was "for appearances only." They state that this understanding was reinforced by Hospital Trust's failure — through accident or design — to specify the “minimum net worth” appellants would be required to maintain in order to protect the bank’s ability to collect on their guaranty. Appellants say they believed that the omission of the "minimum net worth” term rendered the guaranty "void on its face.” See infra p. 827. .

Under their guaranty, Howard and Robb waived any right to require that Hospital Trust proceed against the Companies in the first instance. . The subject net worth clause reads: Guarantors agree to maintain an excess of total assets over total liabilities, determined in accordance with generally acceptable accounting principles ... of at least ($_). Courts reject the view that “a guaranty agreement printed on a standard form is not enforceable unless all blanks of the form contain terms." FDIC v. Neitzel, 769 F.Supp. 346, 349 (D.Kan.1991); see also Cessna Finance Corp. v.

Meyer, 575 P.2d 1048 (Utah 1978) (upholding guaranty agreement containing blank term for limitation on guarantor’s liability); North Carolina Nat'l. Bank v. Corbett, 271 N.C. 444, 156 S.E.2d 835 (1967) (same); McCaleb v. National Bank of Commerce, 25 Ark.App. 53, 752 S.W.2d 54 (1988) (same). . In their brief on appeal, Howard and Robb vaguely assert that Hospital Trust orally promised them additional “consideration” in the form, of lending "expertise” or unspecified future loans.

Since appellants advert to this contention with no attempt to develop a defense to liability on the loan or the guaranty, we decline to address it. See Jordan-Milton Mach., 978 F.2d at 37. . In the context of a loan guaranty or other contract, ambiguity typically means “language which ‘is susceptible to differing, but nonetheless plausible, constructions Singh, 911 F.2d at 22 (quoting Allen v. Adage, Inc., 967 F.2d 695, 700 (1st Cir.1992)). Appellants' suggested

interpretation contradicts the plain language of the guaranty agreement. See id. at 23 (resisting

interpretation which would render nugatory express clause in loan guaranty). . Whatever remaining

summary judgment claims may lurk in appellants’ confusing presentations on appeal are deemed waived. See United States v. Zannino, 895 F.2d 1 (1st Cir.), cert. denied, 494 U.S. 1082, 110 S.Ct. 1814, 108 L.Ed.2d 944 (1990) (claims raised in conclusory fashion, unsupported by developed argumentation, are deemed waived); Jordan-Milton Mach., 978 F.2d at 37 (same). Although appellants ostensibly appear pro se, and under normal circumstances "courts should hold pro se documents to a less stringent standard,” see Wightman v.

Bureau of Alcohol, Tobacco & Firearms, 755 F.2d 979, 983 (1st Cir.1985), we see no justification for indulgence in these circumstances. Robb is an attorney and partner in the law firm of Robb and Henning. Moreover, at oral argument he was represented by a law partner, whose assistance presumably was as accessible in the earlier stages of the appeal. Howard, in turn, is a sophisticated businessman and successful consultant. There is no basis for assuming that either appellant was unable to obtain adequate representation on appeal, as both were represented by counsel below. .

We are unpersuaded by Hospital Trust's contention that appellants’ payment of the sanction mooted their challenge. Although unconditional payment of a civil contempt fine precludes appellate review of the underlying contempt decree, see Cordero v.

DeJesus-Mendez, 867 F.2d 1, 21 (1st Cir.1989) (‘‘[s]ince the contempt order has been complied with, no case or controversy remains, and the appeal must be dismissed.”); In re Cordova Gonzalez, 726 F.2d 16, 21 (1st Cir.), cert. denied, 466 U.S. 951, 104 S.Ct. 2154, 80 L.Ed.2d 540 (1984), the record reveals that appellants did not satisfy the contempt sanction unconditionally.

Their check for the amount of the contempt sanction was forwarded to Hospital Trust on June 5, 1992, subject to the direction that the proceeds be "[placed] in escrow pending appeal if such action is appropriate.” See App.Exh. 21 (letter from Scott Robb to Sabin Willett). Although the instruction seems to leave it to the bank’s discretion whether to escrow the funds, we think its intent is sufficiently clear: to escrow the funds pending resolution of any appeal of the contempt order.