EX-4.7





 Exhibit 4.7 

FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of February 6, 2020, among Taylor Morrison
Communities, Inc., a Delaware corporation (the “Issuer”), the Guarantors, Taylor Morrison Home III Corporation, a Delaware corporation (“Successor Holdings”) and U.S. Bank National Association, as trustee under the
Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H 

WHEREAS, the Issuer has heretofore executed and delivered to the Trustee an indenture (as heretofore supplemented, the
“Indenture”), dated as of August 1, 2019, providing for the issuance of 5.75% Senior Notes due 2028 (the “Notes”); 

WHEREAS, on the date hereof, TMM Holdings Limited Partnership, a British Columbia limited partnership (“Predecessor
Holdings”) has transferred all of its assets to Successor Holdings; 
 WHEREAS, pursuant to Section 5.01(a)(2) of the
Indenture, Successor Holdings is obligated to expressly assume all of the obligations of Predecessor Holdings under the Indenture, the Notes and its Note Guarantee and shall succeed to, and be substituted for (so that from and after the date of the
asset transfer described above, the provisions of the Indenture referring to “Holdings” shall refer instead to Successor Holdings and not to Predecessor Holdings), and may exercise every right and power of Holdings by entering into a
supplemental indenture (the “Assumption”); 
 WHEREAS, pursuant to Section 9.01(a)(3) of the Indenture, Successor
Holdings, the Guarantors, the Issuer and the Trustee are authorized to execute and deliver this Supplemental Indenture to provide for the Assumption; 

WHEREAS, the Issuer has delivered an Officer’s Certificate and Opinion of Counsel to the Trustee stating that all conditions precedent
and covenants related to the execution and delivery of this Supplemental Indenture complies with the Indenture: 
 WHEREAS, Successor
Holdings has complied with all conditions precedent and covenants provided for in the Indenture relating to this Supplemental Indenture; and 

WHEREAS, the Issuer has requested that the Trustee execute and deliver this Supplemental Indenture. 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
Successor Holdings, Predecessor Holdings, the Issuer, the Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1.    CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them
in the Indenture. 
 2.    AGREEMENT TO ASSUME OBLIGATIONS. Successor Holdings hereby agrees to unconditionally
assume Predecessor Holdings’ rights, obligations, covenants, agreements and liabilities in and under the Indenture, the Notes and its Note Guarantee, to be bound by all provisions of the Indenture, the Notes and its Note Guarantee applicable to
Predecessor Holdings and to perform all of the obligations and agreements of Predecessor Holdings under the Indenture, the Notes and its Note Guarantee. 

3.    RELEASE. Predecessor Holdings is hereby fully, finally and indefeasibly released from any and all of the
covenants, conditions and obligations under or in connection with its Note Guarantee, the Indenture and the Notes. Predecessor Holdings shall have no further obligation, liability, duty or burden in respect of its Note Guarantee, the Indenture and
the Notes and shall not exercise any right or power of Holdings or a Guarantor under the Indenture and the Notes. 












 4.    AMENDMENT. The definition of “Holdings” in
Section 1.01 of the Indenture is hereby deleted in its entirety and replaced with the following: 
 “Holdings” means
Taylor Morrison Home III Corporation, a Delaware corporation, and any of its successors under the terms of this Indenture.” 

5.    RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURES PART OF INDENTURE. Except as expressly amended hereby, the
Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of the
Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 6.    NEW YORK LAW TO GOVERN.
THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
WOULD BE REQUIRED THEREBY. 
 7.    COUNTERPARTS. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original (including copies transmitted via facsimile or electronic mail), but all of them together represent the same agreement. 

8.    EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the
construction hereof. 
 9.    THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors, Successor Holdings and the Issuer. 

[Signature pages follow.] 

  
 2 













 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written. 
 ISSUER: 

 

			
	TAYLOR MORRISON COMMUNITIES, INC.
		
	By:	 	 /s/ Darrell C. Sherman

	Name:	 	Darrell C. Sherman
	Title:	 	Chief Legal Officer, Executive Vice President and Secretary


 SUCCESSOR HOLDINGS: 
  


			
	TAYLOR MORRISON HOME III CORPORATION
		
	By:	 	 /s/ Darrell C. Sherman

	Name:	 	Darrell C. Sherman
	Title:	 	Chief Legal Officer, Executive Vice President and Secretary


 PREDECESSOR HOLDINGS: 

 

			
	TMM HOLDINGS LIMITED PARTNERSHIP
		
	By:	 	 /s/ Darrell C. Sherman

	Name:	 	Darrell C. Sherman
	Title:	 	Chief Legal Officer, Executive Vice President and Secretary


 Signature Page to 2028 Notes – First Supplemental Indenture 












 TRUSTEE: 

 

			
	 U.S. BANK NATIONAL ASSOCIATION,
as Trustee

		
	By:	 	 /s/ Joshua A. Hahn

	Name:	 	Joshua A. Hahn
	Title:	 	Vice President


 Signature Page to 2028 Notes – First Supplemental Indenture 












 GUARANTORS: 

 

	
	 ATPD, LLC

	 AV HOMES OF ARIZONA, LLC

	 AV HOMES OF RALEIGH, LLC

	 AV HOMES, INC.

	 AVATAR PROPERTIES INC.

	 AVH CAROLINAS, LLC

	 AVH DFW, LLC

	 AVH EM, LLC

	 AVH NORTH FLORIDA, LLC

	 BONTERRA BUILDERS, LLC

	 DARLING HOMES OF TEXAS, LLC

	 DFP TEXAS (GP), LLC

	 JCH GROUP, LLC

	 ROYAL OAK HOMES, LLC

	 TAYLOR MORRISON AT CRYSTAL FALLS, LLC

	 TAYLOR MORRISON ESPLANADE NAPLES, LLC

	 TAYLOR MORRISON FINANCE, INC.

	 TAYLOR MORRISON HOLDINGS OF ARIZONA, INC.

	 TAYLOR MORRISON HOLDINGS, INC.

	 TAYLOR MORRISON HOME III CORPORATION

	 TAYLOR MORRISON MARBLEHEAD HOLDINGS, LLC

	 TAYLOR MORRISON OF CALIFORNIA, LLC

	 TAYLOR MORRISON OF CAROLINAS, INC.

	 TAYLOR MORRISON OF COLORADO, INC.

	 TAYLOR MORRISON OF FLORIDA, INC.

	 TAYLOR MORRISON OF GEORGIA, LLC

	 TAYLOR MORRISON OF ILLINOIS, INC.

	 TAYLOR MORRISON OF TEXAS, INC.

	 TAYLOR MORRISON PACIFIC POINT HOLDINGS, LLC

	 TAYLOR MORRISON SERVICES, INC.

	 TAYLOR MORRISON TRAMONTO HOLDINGS, LLC

	 TAYLOR MORRISON, INC.

	 TAYLOR MORRISON/ARIZONA, INC.

	 TAYLOR WOODROW COMMUNITIES – LEAGUE CITY, LTD.

	 TAYLOR WOODROW COMMUNITIES AT ARTISAN LAKES, L.L.C.

	 TAYLOR WOODROW COMMUNITIES AT MIRASOL, LTD.

	 TAYLOR WOODROW COMMUNITIES AT PORTICO, L.L.C.

	 TAYLOR WOODROW COMMUNITIES AT ST. JOHNS FOREST, L.L.C.

	 TAYLOR WOODROW HOMES – CENTRAL FLORIDA DIVISION, L.L.C.

	 TAYLOR WOODROW HOMES – SOUTHWEST FLORIDA DIVISION, L.L.C.

	 TM CALIFORNIA SERVICES, INC.

	 TM HOMES OF ARIZONA, INC.

	 TM OYSTER HARBOR, LLC

	 TM RIDGE GP, LLC

	 TM RIDGE LP, LLC

	 TW ACQUISITIONS, INC.

	 TWC/FALCONHEAD WEST, L.L.C.

	 TWC/MIRASOL, INC.



 Signature Page to 2028 Notes – First Supplemental Indenture 












 
			
	TWC/STEINER RANCH, LLC
	VITALIA AT TRADITION, LLC
	 On behalf of each of the above named entities,

		
	        By:	 	 /s/ Darrell C. Sherman

	        Name:	 	Darrell C. Sherman
	        Title:	 	Chief Legal Officer, Executive Vice President and Secretary


 Signature Page to 2028 Notes – First Supplemental Indenture