105/8% SENIOR SECURED NOTES DUE 2016 REGISTRATION RIGHTS AGREEMENT Dated as of October 20, 2009 by and amongRegistration Rights Agreement • December 23rd, 2009 • Hovnanian Enterprises Inc • Operative builders • New York
This Agreement is made pursuant to the Purchase Agreement, dated October 5, 2009 (the “Purchase Agreement”), by and among the Company, the Guarantors party thereto and the Initial Purchasers. In order to induce the Initial Purchasers to purchase the Notes, the Company has agreed to provide the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the obligations of the Initial Purchasers set forth in Section 7 of the Purchase Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Indenture, dated as of October 20, 2009, among the Company, the Guarantors and Wilmington Trust Company, a Delaware banking corporation, as trustee (the “Trustee”), relating to the Notes and the Exchange Notes (as defined below) (the “Indenture”).
