111/2% SENIOR SECURED NOTES DUE 2013Registration Rights Agreement • September 19th, 2008 • Hovnanian Enterprises Inc • Operative builders • New York
This Agreement is made pursuant to the Purchase Agreement, dated May 16, 2008 (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 meaning assigned to them in the Indenture, dated as of May 27, 2008, among the Company, the Guarantors and Deutsche Bank National Trust Company, as trustee (the “Trustee”), relating to the Notes and the Exchange Notes (as defined below) (the “Indenture”).
