Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 47

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 47
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 directly or indirectly 100% owned) Subsidiaries, other than
finance company subsidiaries and any foreign Subsidiaries, and (b) all future wholly-owned (i.e., directly or indirectly 100% owned) Subsidiaries that become guarantors, in each case, until such time as such Subsidiary is released in accordance
with the terms of the Indenture. See “Description of Notes—The Guarantees.”

“Revolving Credit Agreement” means
that certain Ninth Amended and Restated Credit Agreement, dated as of November 25, 2024, by and among, inter alios, us (i.e. Lennar Corporation), the several banks and other financial institutions or entities from time to time parties to
this Agreement (the “Lenders”), and JPMorgan Chase Bank, N.A., as the issuing lender and the administrative agent, together with the related documents thereto (including the revolving loans thereunder, any letters of credit 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.

“Sale-Leaseback Transaction” means a sale or transfer made by us
or a Restricted Subsidiary of any property which is either (a) a manufacturing facility, project club house, amenity center and common area, office building, warehouse or distribution facility whose book value equals or exceeds 1% of
Consolidated Net Tangible Assets as of the date of determination, or (b) another property (not including a model home) or group of properties which exceeds 5% of Consolidated Net Tangible Assets as of the date of determination, if such sale or
transfer is made with the agreement, commitment or intention of leasing such property to Lennar Corporation or a Restricted Subsidiary.

“Significant Subsidiary” means any Subsidiary of the Company which would constitute a “significant subsidiary” as defined
in Rule 1-02 of Regulation S-X under the Securities Act and the Exchange Act.

“Subsidiary” means (a) a corporation or other entity of which a majority in voting power of the stock or other interests is
owned by us, by a Subsidiary or by us and one or