Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 35

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 35
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 failure or the failure of any guarantor to fulfill an obligation to pay Indebtedness for borrowed                                                                                                                                  
 money existing under any mortgage, indenture or instrument (other than any Non-Recourse Indebtedness incurred by us or any guarantor), which such failure shall have resulted in the acceleration of, or be a                          
 failure to pay at final maturity, Indebtedness aggregating more than $150 million, and where such acceleration does not cease to exist, or such Indebtedness is not satisfied, in either case, within 30 days after such acceleration; |

| • |     | our failure to perform any other covenant or warranty in the Indenture, continuing for 60 days after 
 written notice as provided in the Indenture; and                                                     |

| • |     | certain events of bankruptcy, insolvency or reorganization with respect to (i) us or (ii) any 
 Significant Subsidiary.                                                                       |

If an Event of Default (other than certain events of bankruptcy, insolvency or reorganization with respect to us or any Significant Subsidiary) has occurred and is continuing, the Trustee or the holders of not less than 25% in principal amount of the Notes then outstanding may declare the principal amount of the Notes then outstanding and interest, if any, accrued thereon to be due and payable immediately. However, if we cure all Defaults (except the nonpayment of the principal and interest due on any of the Notes that have become due by acceleration) and certain other conditions in the Indenture are met, with certain exceptions, such declaration may be annulled and past Defaults may be waived by the holders of a majority of the principal amount of the Notes then outstanding as described below. In the case of certain events of bankruptcy, insolvency or reorganization with respect to us or any Significant Subsidiary, the principal amount of the Notes will automatically become and be immediately due and payable. Within 90 days after a Trust Officer (as defined in the Indenture) has knowledge of the occurrence of a payment Default or written notice of any Event of Default, the Trustee must send to all holders notice of all Defaults or Events of Default known to a Trust Officer, unless such Default or Event of Default is cured or waived before the giving of such notice. However, except in the case of a payment Default on any of the Notes, the Trustee will be protected in withholding such notice if and so long as a trust committee of officers of the Trustee