Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 44

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 44
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 year after such date, and liabilities in respect of retiree benefits other than pensions for which the Restricted Subsidiaries are required 
 to accrue pursuant to ASC No. 715;                                                                                                                                                                                                                       |

| • |     | investments in subsidiaries that are not Restricted Subsidiaries; and |

| • |     | all assets reflected on our balance sheet as the carrying value of goodwill, trade names, trademarks,                 
 patents, unamortized debt discount, unamortized expense incurred in the issuance of debt and other intangible assets. |

“Credit Facilities” means the Revolving Credit Agreement and the Delayed Draw Term Loan Credit Agreement. “Default” means any event which upon the giving of notice or the passage of time, or both, would be an Event of Default. “Delayed Draw Term Loan Credit Agreement” means the credit agreement governing the Delayed Draw Term Loan Facility, together with the related documents thereto (including the term loans thereunder and reimbursement obligations related thereto and any guarantees), as amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or otherwise changed (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time. “Funded Debt” of any Person means all Indebtedness for borrowed money created, incurred, assumed or guaranteed in any manner by such Person, and all Indebtedness, contingent or otherwise, incurred or assumed by such Person in connection with the acquisition of any business, property or asset, which in each case matures more than one year after, or which by its terms is renewable or extendible or payable out of the proceeds of similar Indebtedness incurred pursuant to the terms of any revolving credit agreement or any similar agreement at the option of such Person for a period ending more than one year after the date as of which Funded Debt is being determined. However, Funded Debt shall not include:

| • |     | any Indebtedness for the payment, redemption or satisfaction of which money (or evidences of Indebtedness,                                                                                                                                          
 if permitted under the instrument creating or evidencing such Indebtedness) in the necessary amount shall have been irrevocably deposited in trust with a trustee or proper depositary either on or before the maturity or redemption date thereof; |

| • |     | any Indebtedness of such Person to any of its subsidiaries or of any subsidiary to such Person or any 
 other