Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 37

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 37
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 majority in principal amount 
 of outstanding Notes; and                                                                                 |

| • |     | the Trustee fails to comply with the request within 60 days after receipt of the request and offer of 
 indemnity.                                                                                            |

To the extent any holder or holders request the Trustee to take any action, the holder or holders are required to offer to the Trustee indemnity or security reasonably satisfactory to it against any costs, liability or expense of the Trustee. The Indenture will require us (i) every year to deliver to the Trustee a statement as to performance of our obligations under the Indenture and as to any Default, and (ii) to deliver to the Trustee prompt notice of any Default. The Indenture will provide that if an Event of Default has occurred and is continuing, the Trustee will be required in the exercise of its powers to use the degree of care that a prudent person would use in the conduct of its own affairs. Payments of the redemption price, the Change of Control repurchase price, or principal and interest that are not made when due will accrue interest per annum at the then-applicable interest rate plus one percent from the required payment date. S-22

Modifications of the Indenture With the consent of the holders of not less than a majority in principal amount of the Notes at the time outstanding, we and the Trustee may modify the Indenture or the rights of the holders of the Notes. However, without the consent of each holder of Notes that is affected, we cannot, among other actions:

| • |     | extend the stated maturity of any Note; |

| • |     | reduce the rate or extend the time for the payment of interest on any Note; |

| • |     | reduce the principal amount of any Note or the redemption price, or change the time at which or the 
 circumstances under which the Notes may or must be redeemed;                                        |

| • |     | impair the right of a holder to receive payment of principal of or interest on such holder’s Notes on 
 or after the due dates of such Notes or to institute suit for the payment of any Note;                |

| • |     | change the currency in which the Notes are payable; or |

| • |     | release any guarantor except as provided in the Indenture and described under “The Guarantees.” |

In addition, without the consent of the holders of all of the Notes then outstanding, we cannot reduce the percentage of Notes the holders of which are