Exhibit 4.3





 




UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY, OR BY ANY SUCH NOMINEE OF THE DEPOSITORY, OR BY THE DEPOSITORY OR NOMINEE OF SUCH SUCCESSOR DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.


 


TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE.


 


 



	
No. 1

	
CUSIP No.: 88947E AT7












4.350% Senior Notes due 2028


 


TOLL BROTHERS FINANCE CORP.


 


a Delaware corporation


 


promises to pay to CEDE & CO.


 


or registered assigns the principal sum of FOUR HUNDRED MILLION DOLLARS ($400,000,000) on February 15, 2028.


 


4.350% Senior Notes due 2028


 


Interest Payment Dates: February 15 and August 15


Record Dates: February 1 and August 1


Authenticated: January 22, 2018


 











 



	 	
TOLL BROTHERS FINANCE CORP.

	 
	 	 	 	 
	
 

	
By: 

		 
	 	 	Name:  Martin P. Connor	 
	 	 	Title:    Senior Vice President and Chief Financial Officer	 
	 	 	 	 





 


 




	
 

	
By: 

		 
	 	 	Name:  Gregg L. Ziegler	 
	 	 	Title:    Senior Vice President and Treasurer	 
	 	 	 	 





 




 


 


 


 


 


 


 


 


 


 


 


 


 



[Signature Page to Global Note]


 























THE BANK OF NEW YORK MELLON, as Trustee, certifies that this is one of the Securities referred to in the within mentioned Indenture.


 


 



	
By:

	
 


	
 

	
Authorized Signatory







 


 


Dated: January 22, 2018


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


[Signature Page to Global Note]

















TOLL BROTHERS FINANCE CORP.


 


4.350% SENIOR NOTES DUE 2028


 


1.  Interest.







TOLL BROTHERS FINANCE CORP. (the “Issuer”), a Delaware corporation, promises to pay interest on the principal amount of this Security at the rate per annum shown above. The Issuer will pay interest semiannually on February 15 and August 15 of each year, commencing on August 15, 2018, until the principal is paid or made available for payment. Interest on the Securities will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid, from January 22, 2018, provided that, if there is no existing Default in the payment of interest and if this Security is authenticated between a Record Date referred to on the face hereof and the next succeeding interest payment date, interest shall accrue from such interest payment date. Interest will be computed on the basis of a 360-day year of twelve 30-day months.


 


2.  Method of Payment.







The Issuer will pay interest on the Securities (except defaulted interest, if any, which will be paid on such special payment date to Holders of record on such special Record Date as may be fixed by the Issuer) to the Persons who are registered Holders of Securities at the close of business on February 1 or August 1, as the case may be, preceding such interest payment date (capitalized terms not defined herein have the meanings given to those terms in the Indenture or the Authorizing Resolution pertaining to the Securities of the Series of which this Security is a part, as applicable). Holders must surrender Securities to a Paying Agent to collect principal payments. The Issuer will pay principal and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts.


 


3.  Paying Agent and Registrar.







Initially, The Bank of New York Mellon (the “Trustee”) will act as Paying Agent and Registrar. The Issuer may change or appoint any Paying Agent, Registrar or co-Registrar without notice. Toll Brothers, Inc. (the “Company”) or any of its Subsidiaries or any of their Affiliates may act as Paying Agent, Registrar or co-Registrar.


 


4.  Indenture.







The Issuer issued the Securities under an Indenture dated as of February 7, 2012 (the “Indenture”), among the Issuer, the Company, the other Guarantors and the Trustee. The terms of the Securities and the Guarantee include those stated in the Indenture (including those terms set forth in the Authorizing Resolution or supplemental indenture pertaining to the Securities of the Series of which this Security is a part) and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (the “TIA”) as in effect on the 


 


 



1










 


date of the Indenture. The Securities and the Guarantee are subject to all such terms, and Holders are referred to the Indenture and the TIA for a statement of them.


 


The Issuer will furnish to any Holder upon written request and without charge a copy of the Indenture and the applicable Authorizing Resolution or supplemental indenture. Requests may be made to: Toll Brothers Finance Corp., c/o Toll Brothers, Inc., 250 Gibraltar Road, Horsham, Pennsylvania 19044, Attention: Chief Financial Officer.


 


5.  Optional Redemption.







Prior to the Par Call Date, the Issuer may, at its option, redeem the Securities in whole at any time, or in part from time to time, by providing at least 30 but not more than 60 days’ prior notice thereof, at a redemption price equal to the greater of:


 



		●	
100% of the principal amount of the Securities being redeemed; and







 



		●	
the present value of the Remaining Scheduled Payments on the Securities being redeemed on the redemption date (assuming, for this purpose, that the Securities are scheduled to mature on the Par Call Date, discounted to the date of redemption, on a semiannual basis, at the Treasury Rate plus 50 basis points (0.50%).







 


The Issuer will also pay accrued and unpaid interest on the Securities being redeemed to the date of redemption.


 


On or after the Par Call Date, the Issuer may, at its option, redeem the Securities in whole at any time, or in part from time to time, at a redemption price equal to 100% of the principal amount of the Securities being redeemed, plus accrued and unpaid interest on the principal amount of the Securities being redeemed to the redemption date.


 


In determining the redemption price and accrued and unpaid interest, interest will be calculated on the basis of a 360-day year consisting of twelve 30-day months.


 


If money sufficient to pay the redemption price of and accrued and unpaid interest on the Securities to be redeemed is deposited with the Trustee on or before the redemption date, on and after the redemption date interest will cease to accrue on the Securities (or such portions thereof) called for redemption and such Securities (or such portions thereof) will cease to be outstanding.


 


Notice of any redemption may, at the Issuer’s discretion, be subject to one or more conditions precedent. In the event that any relevant condition precedent is not satisfied (or waived by the Issuer) as of the date specified for redemption in any such notice of redemption (or amendment thereto), the Issuer may, in its discretion, rescind such notice or amend it on one or more occasions to specify another redemption date until the satisfaction (or waiver by the Issuer) of any such conditions precedent, unless such notice is earlier rescinded by the Issuer as described above.


 


 



2










 


If less than all the Securities are to be redeemed, the Trustee shall select the Securities to be redeemed, if the Securities are listed on a national securities exchange, in accordance with the rules of such exchange, or if the Securities are not so listed, on either a pro rata basis or by lot or by such method as the Trustee shall deem fair and appropriate. The Trustee shall make the selection from Securities outstanding and not previously called for redemption. Securities in denominations of $2,000 may only be redeemed in whole. The Trustee may select for redemption portions (equal to $2,000 or any integral multiple of $1,000 thereof) of the principal of Securities that have denominations larger than $2,000. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Securities are to be redeemed at the registered address of such Holder. On and after the redemption dates, interest ceases to accrue on the Securities or portions thereof called for redemption, provided that if the Issuer shall default in the payment of such Securities at the redemption price together with accrued and unpaid interest, interest shall continue to accrue at the rate borne by the Securities.


 


6.  Denominations, Transfer, Exchange.







The Securities are in registered form only without coupons in denominations of $2,000 and integral multiples of $1,000 thereof. A Holder may transfer or exchange Securities by presentation of such Securities to the Registrar or a co-Registrar with a request to register the transfer or to exchange them for an equal principal amount of Securities of other denominations. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not transfer or exchange any Security selected for redemption, except the unredeemed part thereof if the Security is redeemed in part, or transfer or exchange any Securities for a period of 15 days before a selection of Securities to be redeemed.


 


7.  Persons Deemed Owners.







The registered Holder of this Security shall be treated as the owner of it for all purposes.


 


8.  Unclaimed Money.







If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent will pay the money back to the Issuer at its request. After that, Holders entitled to the money must look to the Issuer for payment unless an abandoned property law designates another Person.


 


9.  Amendment, Supplement, Waiver.







Subject to certain exceptions, the Indenture, the Guarantee or the Securities may be amended or supplemented by the Issuer with the consent of the Holders of at least a majority in principal amount of the outstanding Securities and any past default or compliance with any provision relating to the Securities may be waived in a particular instance with the consent of the Holders of a majority in principal amount of the outstanding Securities. Without the consent of any Holder, the Issuer may amend or 


 


 



3










 


 


supplement the Indenture, the Guarantee or the Securities to cure any ambiguity, omission, defect or inconsistency (provided such action does not adversely affect the rights of the Holders), to evidence the succession of another Person to the Issuer or any Guarantor, to add covenants of the Issuer or of the Guarantors under Article Four of the Indenture for the benefit of the Holders or to surrender rights or powers conferred upon the Issuer or the Guarantors by the Indenture, to add Events of Default for the benefit of the Holders, to change or eliminate any provisions of the Indenture (provided such change or elimination shall become effective only when none of the Securities are outstanding), to add Guarantors, to provide for the acceptance of appointment by a successor Trustee or facilitate the administration of the trusts under the Indenture by more than one Trustee, to close the Indenture as to authentication and delivery of additional Securities, to supplement Indenture provisions to permit or facilitate defeasance and discharge of the Securities (provided such action does not adversely affect the rights of the Holders), to provide that specific Indenture provisions shall not apply to an unissued Series of Securities, to provide for uncertificated Securities in addition to or in place of certificated Securities, to create a Series and establish its terms, to remove a Guarantor, other than the Company, which, in accordance with the terms of the Indenture, ceases to be liable in respect of the Guarantee, or to make any other change (provided such action does not adversely affect the rights of any Holder).


 


10.  Trustee Dealings with the Company.







The Bank of New York Mellon, the Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not Trustee.


 


11.  Discharge of Indenture.







The Indenture contains certain provisions pertaining to defeasance, which provisions shall for all purposes have the same effect as if set forth herein.


 


12.  No Recourse against Others.







A director, officer, employee or stockholder, as such, of the Issuer shall not have any liability for any obligations of the Issuer under the Securities or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities.


 


13.  Authentication.







This Security shall not be valid until the Trustee signs the certificate of authentication on the other side of this Security.


 


14.  Governing Law.


 


 



4












  


This Security shall be governed by and construed in accordance with the laws of the State of New York.


 


15.  Abbreviations.







Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= custodian) and U/G/M/A (= Uniform Gifts to Minors Act).


 







ASSIGNMENT FORM


 


 


If you, the Holder, want to assign this Security, fill in the form below:


 


 


I or we assign and transfer this Security to


 



	 
	
(Insert assignee’s social security or tax ID number)


 


	 
	
 


 


 


	
(Print or type assignee’s name, address, and zip code)


	 





 


and irrevocably appoint agent to transfer this Security on the books of the Issuer. The agent may substitute another to act for him.


 



	
Date:

	
 

	
 

	
Your signature: (Sign exactly as your name appears on the 


	
 

	
 

	
 

	
other side of this Security)







 


SIGNATURE GUARANTEE


 


Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.


 


 



5















GUARANTEE


 


The Guarantors listed on Schedule I attached hereto (the “Guarantors”) have unconditionally guaranteed, jointly and severally on a senior basis (such guarantee by each Guarantor being referred to herein as the “Guarantee”), (i) the due and punctual payment of the principal of and interest on the Securities, whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on the overdue principal and interest, if any, on the Securities, to the extent lawful, and the due and punctual performance of all other obligations of the Issuer to the Holders or the Trustee all in accordance with the terms set forth in Article Nine of the Indenture and (ii) in case of any extension of time of payment or renewal of any Securities or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. No past, present or future stockholder, partner, member, officer, director, manager, general partner, employee or incorporator, as such, of any of the Guarantors shall have any liability under the Guarantee by reason of such Person’s status as stockholder, partner, member, officer, director, manager, general partner, employee or incorporator. Each Holder of a Security by accepting a Security waives and releases all such liability. This waiver and release are part of the consideration for the issuance of the Guarantee. Each Holder of a Security by accepting a Security agrees that any Guarantor other than Toll Brothers, Inc. shall have no further liability with respect to its Guarantee if such Guarantor otherwise ceases to be liable in respect of its Guarantee in accordance with the terms of the Indenture.


 



6










The Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Securities upon which the Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized officers.


 


 



	 	
TOLL BROTHERS, INC.

	 
	 	 	 	 
	
 

	
By: 

		 
	 	 	Name:  Gregg L. Ziegler	 
	 	 	Title:    Senior Vice President and Treasurer	 
	 	 	 	 





 



 



	 	
THE GUARANTORS LISTED ON SCHEDULE I, ATTACHED HERETO

	 
	 	 	 	 
	
 

	
By:

		 
	 	 	Name:  Gregg L. Ziegler	 
	 	 	Title:    Authorized Signatory	 
	 	 	 	 





 


 


 


 


 


 


 


 


 



 



 



	 	
 

	 
	 	 	 	 
	
 

	
Attest:

		 
	 	 	Name:  Martin P. Connor	 
	 	 	Title:    Senior Vice President and Assistant Secretary 	 
	 	 	 	 





 


 








 


 


 


 


 


 


 


 


[Signature Page to Global Note Guarantee]


 











 


 


 


SCHEDULE I


 


The Guarantors







	
110-112 Third Ave. Realty Corp.

	
First Brandywine LLC I


	
126-142 Morgan Street Urban Renewal LLC

	
First Brandywine LLC II


	
134 Bay Street LLC

	
First Brandywine Partners, L.P.


	
1400 Hudson LLC

	
First Huntingdon Finance Corp.


	
1450 Washington LLC

	
Frenchman’s Reserve Realty, LLC


	
1451 Hudson LLC

	
Goshen Road Land Company LLC


	
1500 Garden St. LLC

	
Greens at Waynesborough, L.P.


	
700 Grove Street Urban Renewal LLC

	
Hatboro Road Associates LLC


	
89 Park Avenue LLC

	
Hoboken Cove LLC


	
Arbor Hills Development LLC

	
Hoboken Land I LLC


	
Arbors Porter Ranch, LLC

	
Hoboken Land LP


	
Ashford Land Company, L.P.

	
Hockessin Chase, L.P.


	
Audubon Ridge, L.P.

	
HQZ Acquisitions, Inc.


	
Belmont Country Club I LLC

	
Jacksonville TBI Realty LLC


	
Belmont Country Club II LLC

	
Laurel Creek, L.P.


	
Belmont Land, L.P.

	
Liseter Land Company LLC


	
Binks Estates Limited Partnership

	
Liseter, LLC


	
Block 255 LLC

	
Long Meadows TBI, LLC


	
Block 268 LLC

	
Loudoun Valley Associates, L.P.


	
Brier Creek Country Club I LLC

	
Martinsburg Ventures, L.L.C.


	
Brier Creek Country Club II LLC

	
Mizner Realty, L.L.C.


	
Broad Run Associates, L.P.

	
Morgan Street JV LLC


	
Byers Commercial LLC

	
Naples TBI Realty, LLC


	
Byers Commercial LP

	
NC Country Club Estates Limited Partnership


	
CC Estates Limited Partnership

	
Orlando TBI Realty LLC


	
Cold Spring Hunt, L.P.

	
Placentia Development Company, LLC


	
Coleman-Toll Limited Partnership

	
Plum Canyon Master LLC


	
Component Systems I LLC

	
Porter Ranch Development Co.


	
Component Systems II LLC

	
PRD Investors, Inc.


	
CWG Construction Company LLC

	
PRD Investors, LLC


	
Dominion Country Club, L.P.

	
PT Maxwell Holdings, LLC


	
Dominion III Corp.

	
PT Maxwell, L.L.C.


	
Dominion IV LLC

	
Rancho Costera LLC


	
Dominion Valley Country Club I LLC

	
Regency at Denville, LLC


	
Dominion Valley Country Club II LLC

	
Regency at Dominion Valley LLC


	
Enclave at Long Valley I LLC

	
Regency at Washington I LLC


	
Enclave at Long Valley II LLC

	
Regency at Washington II LLC


	
ESE Consultants, Inc.

	
Shapell Hold Properties No. 1, LLC


	
Estates at Princeton Junction, L.P.

	
Shapell Homes, Inc.


	
Fairfax Investment, L.P.

	
Shapell Industries, Inc.


	
First Brandywine Investment Corp. II

	
Shapell Land Company, LLC


	
First Brandywine Investment Corp. IV

	
Silverman-Toll Limited Partnership





 




  
















 


	
Sorrento at Dublin Ranch I LP

	
Toll CA III, L.P.


	
Sorrento at Dublin Ranch III LP

	
Toll CA IV, L.P.


	
South Riding Amberlea LP

	
Toll CA IX, L.P.


	
South Riding Partners Amberlea LP

	
Toll CA Note II LLC


	
South Riding Partners, L.P.

	
Toll CA V, L.P.


	
South Riding Realty LLC

	
Toll CA VI, L.P.


	
South Riding, L.P.

	
Toll CA VII, L.P.


	
Southport Landing Limited Partnership

	
Toll CA VIII, L.P.


	
Springton Pointe, L.P.

	
Toll CA X, L.P.


	
SR Amberlea LLC

	
Toll CA XI, L.P.


	
SRLP II LLC

	
Toll CA XII, L.P.


	
Stone Mill Estates, L.P.

	
Toll CA XIX, L.P.


	
Swedesford Chase, L.P.

	
Toll CA XX, L.P.


	
Tampa TBI Realty LLC

	
Toll CA, L.P.


	
TB Kent Partners LLC

	
Toll Cedar Hunt LLC


	
TB Proprietary Corp.

	
Toll Centennial Corp.


	
TBI/Palm Beach Limited Partnership

	
Toll CO I LLC


	
The Bird Estate Limited Partnership

	
Toll CO II, L.P.


	
The Regency Golf Club I LLC

	
Toll CO III, L.P.


	
The Regency Golf Club II LLC

	
Toll CO, L.P.


	
The Silverman Building Companies, Inc.

	
Toll Corners LLC


	
Toll Architecture I, P.A.

	
Toll Corp.


	
Toll Architecture, Inc.

	
Toll CT II Limited Partnership


	
Toll at Brier Creek Limited Partnership

	
Toll CT III Limited Partnership


	
Toll at Westlake, L.P.

	
Toll CT IV Limited Partnership


	
Toll at Whippoorwill, L.P.

	
Toll CT Limited Partnership


	
Toll Austin TX II LLC

	
Toll Dallas TX LLC


	
Toll Austin TX III LLC

	
Toll DE II LP


	
Toll Austin TX LLC

	
Toll DE LP


	
Toll BBC II LLC

	
Toll Diamond Corp.


	
Toll BBC LLC

	
Toll EB, LLC


	
Toll Brooklyn L.P.

	
Toll Equipment, L.L.C.


	
Toll Bros. of Arizona, Inc.

	
Toll Estero Limited Partnership


	
Toll Bros. of North Carolina II, Inc.

	
Toll FL I, LLC


	
Toll Bros. of North Carolina, Inc.

	
Toll FL II Limited Partnership


	
Toll Bros., Inc.

	
Toll FL III Limited Partnership


	
Toll Bros., Inc.

	
Toll FL IV Limited Partnership


	
Toll Brothers AZ Construction Company

	
Toll FL IV LLC


	
Toll Brothers AZ Limited Partnership

	
Toll FL Limited Partnership


	
Toll Brothers Canada USA, Inc.

	
Toll FL V Limited Partnership


	
Toll Brothers Real Estate, Inc.

	
Toll FL V LLC


	
Toll Brothers, Inc.

	
Toll FL VI Limited Partnership


	
Toll CA Holdings, Inc.

	
Toll FL VII Limited Partnership


	
Toll CA I LLC

	
Toll FL VIII Limited Partnership


	
Toll CA II, L.P.

	
Toll FL X Limited Partnership


	
Toll CA III LLC

	
Toll FL XII Limited Partnership





 




  





















	
Toll FL XIII Limited Partnership

	
Toll MA Land II GP LLC


	
Toll Ft. Myers Limited Partnership

	
Toll MA Land III Limited Partnership


	
Toll GA LP

	
Toll MA Land Limited Partnership


	
Toll Glastonbury LLC

	
Toll MA Management LLC


	
Toll Golden Corp.

	
Toll MD AF Limited Partnership


	
Toll Grove LP

	
Toll MD I, L.L.C.


	
Toll Henderson LLC

	
Toll MD II Limited Partnership


	
Toll Hoboken LLC

	
Toll MD II LLC


	
Toll Holdings, Inc.

	
Toll MD III Limited Partnership


	
Toll Houston Land LLC

	
Toll MD III LLC


	
Toll Houston TX LLC

	
Toll MD IV Limited Partnership


	
Toll Hudson LP

	
Toll MD IV LLC


	
Toll ID I LLC

	
Toll MD IX Limited Partnership


	
Toll IL HWCC, L.P.

	
Toll MD Limited Partnership


	
Toll IL II, L.P.

	
Toll MD V Limited Partnership


	
Toll IL III, L.P.

	
Toll MD VI Limited Partnership


	
Toll IL IV, L.P.

	
Toll MD VII Limited Partnership


	
Toll IL WSB, L.P.

	
Toll MD VIII Limited Partnership


	
Toll IL, L.P.

	
Toll MD X Limited Partnership


	
Toll IN LLC

	
Toll MD XI Limited Partnership


	
Toll Jacksonville Limited Partnership

	
Toll MI II Limited Partnership


	
Toll Jupiter LLC

	
Toll MI III Limited Partnership


	
Toll Land Corp. No. 50

	
Toll MI IV Limited Partnership


	
Toll Land IV Limited Partnership

	
Toll MI Limited Partnership


	
Toll Land IX Limited Partnership

	
Toll MI V Limited Partnership


	
Toll Land V Limited Partnership

	
Toll MI VI Limited Partnership


	
Toll Land VI Limited Partnership

	
Toll MI VII Corp.


	
Toll Land VII LLC

	
Toll Mid-Atlantic II LLC


	
Toll Land X Limited Partnership

	
Toll Mid-Atlantic LP Company, Inc.


	
Toll Land XI Limited Partnership

	
Toll Midwest LLC


	
Toll Land XIX Limited Partnership

	
Toll MN II, L.P.


	
Toll Land XV Limited Partnership

	
Toll MN, L.P.


	
Toll Land XVI Limited Partnership

	
Toll Morgan Street LLC


	
Toll Land XVIII Limited Partnership

	
Toll Naval Associates


	
Toll Land XX Limited Partnership

	
Toll NC I LLC


	
Toll Land XXI Limited Partnership

	
Toll NC II LP


	
Toll Land XXII Limited Partnership

	
Toll NC III LP


	
Toll Land XXIII Limited Partnership

	
Toll NC IV LLC


	
Toll Land XXV Limited Partnership

	
Toll NC Note II LLC


	
Toll Lexington LLC

	
Toll NC Note LLC


	
Toll MA Development LLC

	
Toll NC, L.P.


	
Toll MA Holdings LLC

	
Toll NJ I, L.L.C.


	
Toll MA I LLC

	
Toll NJ II, L.L.C.


	
Toll MA II LLC

	
Toll NJ II, L.P.


	
Toll MA III LLC

	
Toll NJ III, L.P.


	
Toll MA IV LLC

	
Toll NJ III, LLC





 




  





















	
Toll NJ IV LLC

	
Toll Prasada LLC


	
Toll NJ IV, L.P.

	
Toll Realty Holdings Corp. I


	
Toll NJ VI, L.P.

	
Toll Realty Holdings Corp. II


	
Toll NJ VII, L.P.

	
Toll Realty Holdings LP


	
Toll NJ VIII, L.P.

	
Toll RI II, L.P.


	
Toll NJ XI, L.P.

	
Toll RI, L.P.


	
Toll NJ XII LP

	
Toll San Antonio TX LLC


	
Toll NJ, L.P.

	
Toll SC II, L.P.


	
Toll NJX-I Corp.

	
Toll SC III, L.P.


	
Toll North LV LLC

	
Toll SC IV, L.P.


	
Toll North Reno LLC

	
Toll SC, L.P.


	
Toll Northeast LP Company, Inc.

	
Toll South LV LLC


	
Toll Northeast II LLC

	
Toll South Reno LLC


	
Toll Northeast Services, Inc.

	
Toll Southeast II LLC


	
Toll NV GP Corp.

	
Toll Southeast LP Company, Inc.


	
Toll NV GP I LLC

	
Toll Southwest II LLC


	
Toll NV Holdings LLC

	
Toll Southwest LLC


	
Toll NV Limited Partnership

	
Toll Sparks LLC


	
Toll NY II LLC

	
Toll Stonebrae LP


	
Toll NY III L.P.

	
Toll Stratford LLC


	
Toll NY IV L.P.

	
Toll SW Holding I Corp.


	
Toll NY L.P.

	
Toll SW Holding LLC


	
Toll NY V L.P.

	
Toll TX Note LLC


	
Toll Orlando Limited Partnership

	
Toll VA GP Corp.


	
Toll PA Development LP

	
Toll VA II, L.P.


	
Toll PA II, L.P.

	
Toll VA III, L.L.C.


	
Toll PA III, L.P.

	
Toll VA III, L.P.


	
Toll PA IV, L.P.

	
Toll VA IV, L.P.


	
Toll PA IX, L.P.

	
Toll VA L.L.C.


	
Toll PA Management LP

	
Toll VA Member Two, Inc.


	
Toll PA Twin Lakes LLC

	
Toll VA V, L.P.


	
Toll PA V, L.P.

	
Toll VA VI, L.P.


	
Toll PA VI, L.P.

	
Toll VA VII, L.P.


	
Toll PA VIII, L.P.

	
Toll VA VIII, L.P.


	
Toll PA X, L.P.

	
Toll VA, L.P.


	
Toll PA XI, L.P.

	
Toll Van Wyck, LLC


	
Toll PA XII, L.P.

	
Toll Vanderbilt II LLC


	
Toll PA XIII, L.P.

	
Toll WA GP Corp.


	
Toll PA XIV, L.P.

	
Toll WA LP


	
Toll PA XIX, L.P.

	
Toll West Coast II LLC


	
Toll PA XV, L.P.

	
Toll West Coast LLC


	
Toll PA XVI, L.P.

	
Toll WV GP Corp.


	
Toll PA XVII, L.P.

	
Toll WV LP


	
Toll PA XVIII, L.P.

	
Toll YL II, L.P.


	
Toll PA, L.P.

	
Toll-Dublin, L.P.


	
Toll Port Imperial LLC

	
Toll-Dublin, LLC





 




  


























	
Upper K Investors, Inc.

	 
	
Upper K Investors, LLC

	 
	
Upper K-Shapell, LLC

	 
	
Vanderbilt Capital, LLC

	 
	
Virginia Construction Co. I, LLC

	 
	
Virginia Construction Co. II, LLC