Recognition, Subordination, and Non-Disturbance Agreement Sample Contracts

RECOGNITION, SUBORDINATION, AND NON-DISTURBANCE AGREEMENT
Recognition, Subordination, and Non-Disturbance Agreement • January 13th, 2025 • Millrose Properties, Inc. • Real estate • New York

THIS RECOGNITION, SUBORDINATION, AND NON-DISTURBANCE AGREEMENT (this “Agreement”) is entered into as of [•], 2025, by and among U.S. HOME LLC, a Delaware limited liability company (“U.S. Home”), Lennar Homes Holdings, LLC, a Delaware limited liability company (“Lennar Home”), CalAtlantic Group, LLC, a Delaware limited liability company (“CalAtlantic”, and together with U.S. Home and Lennar Home, individually or collectively, as the context may require, “Builder”), MILLROSE PROPERTIES, INC., a Maryland corporation (“Lender”), MILLROSE PROPERTIES HOLDINGS, LLC, a Delaware limited liability company (“TRSCo”), and each of the entities identified on Schedule I (individually or collectively, as the context may require, the “Property LLCs” and together with TRSCo, individually or collectively, as the context may require, “Borrower”).

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RECOGNITION, SUBORDINATION, AND NON-DISTURBANCE AGREEMENT
Recognition, Subordination, and Non-Disturbance Agreement • February 7th, 2025 • Millrose Properties, Inc. • Real estate • New York

THIS RECOGNITION, SUBORDINATION, AND NON-DISTURBANCE AGREEMENT (this “Agreement”) is entered into as of February 7, 2025, by and among U.S. HOME LLC, a Delaware limited liability company (“U.S. Home”), Lennar Homes Holding, LLC, a Delaware limited liability company (“Lennar Home”), CalAtlantic Group, LLC, a Delaware limited liability company (“CalAtlantic”, and together with U.S. Home and Lennar Home, individually or collectively, as the context may require, “Builder”), MILLROSE PROPERTIES, INC., a Maryland corporation (“Lender”), MILLROSE PROPERTIES HOLDINGS, LLC, a Delaware limited liability company (“TRSCo”), and each of the entities identified on Schedule I (individually or collectively, as the context may require, the “Property LLCs” and together with TRSCo, individually or collectively, as the context may require, “Borrower”).

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