Lennar. Contract insurance review: Prior to issuing a contract, FivePoint Risk Management Consultant reviews contracted activity and recommends the appropriate level of insurance for the vendor. FivePoint RVP (Risk Management Consultant) Lennar Insurance rejected by EBIX and provides recommendation on response. FivePoint RVP (Risk Management Consultant) Lennar * These events are currently being addressed by the FivePoint Risk Management Consultant but are excluded activities under Exhibit D of the DMA. Current as of July 2, 2016. Subject to revision in accordance with the Agreement. Workflow - Treasure Island Processes: DESIGN APPROVAL (if vertical construction is moving forward with Lennar as a vertical builde Responsible Party Step Event Manager Treasure Island Holdings (Lennar) 1 Consultant Team Approval Director of Development Division President 2 Design Concept Approval Director of Development Division President 3 Consultant Team Approval Director of Development Division President 4 Schematic Design (SD) Approval Director of Development Division President 5 Design Development DD) Approval Director of Development Division President 6 Construction Document (CD) Approval N/A Division President 7 Construction Administration N/A Division President Current as of July 2, 2016. Subject to revision in accordance with the Agreement. EXHIBIT H TIH Submittals Protocols As of the Effective Date, the Payment Processing Deadlines and Protocols and the TIH Submittals Protocols are attached, collectively, as Exhibit G. The Payment Processing Deadlines and Protocols and the TIH Submittals Protocols are subject to revision from time to time in accordance with the Agreement.
Lennar. Contract insurance review: Prior to issuing a contract, FivePoint Risk Management Consultant reviews contracted activity and recommends the appropriate level of insurance for the vendor. FivePoint RVP (Risk Management Consultant) Lennar FivePoint Risk Management Consultant analyzes Certificates of Insurance rejected by EBIX and provides recommendation on response. FivePoint RVP (Risk Management Consultant) Lennar * These events are currently being addressed by the FivePoint Risk Management Consultant but are excluded activities under Exhibit D of the DMA. Current as of July 2, 2016. Subject to revision in accordance with the Agreement. Workflow - Garage-Retail-Apartments Center (CP Vertical Development Co. 1, LLC) Processes: DESIGN PACKAGE PROCESSING Responsible Party Step Event Manager CPHP (Lennar) Approval Milestones 1 Design Package generated. FivePoint manager prepares design package for CPHP approval and FivePoint - Design Team N/A 50% 100% Concept Design Approval 50% 100% Schematic Design Approval 50% 100% Design Development Approval 50% 100% Construction Document Approval 3 CPHP reviews and approves package. N/A Lennar 4 Package circulated internally for approval. N/A Lennar 5 Approval Letter issued for stated milestone package approval. N/A 6 FivePoint confirms receipt. Five Point N/A 7 Design Team repeats process for next milestone. Five Point - Design Team N/A Workflow - Garage-Retail-Apartments Center (CP Vertical Development Co. 1, LLC) Processes: DESIGN APPROVAL (Blocks 6a/8a/9a) Responsible Party Step Event Manager CPHP (Lennar) 1 Consultant Team Approval. Director of Development Division President 2 Design Concept Approval. Director of Development Division President 3 Consultant Team Approval. Director of Development Division President 4 Schematic Design (SD) Approval. Director of Development Division President 5 Design Development DD) Approval. Director of Development Division President 6 Construction Document (CD) Approval. N/A Division President 7 Construction Administration. N/A Division President Workflow - Garage-Retail-Apartments Center (CP Vertical Development Co. 1, LLC) Processes: BUDGET APPROVAL AND BUDGET ADJUSTMENT Responsible Party Step Event Manager CPHP (Lennar) 1 FivePoint prepares Budget and Schedule of Performance and submits to CPHP for approval (Expenditures for soft and hard cost change orders require signature but not approval if cost was budgeted for in the Budget and Schedule of Performance). FivePoint VP of Commerc...
Lennar. Lennar is a corporation validly existing and in good standing under the laws of Delaware and has the requisite power and authority to execute, deliver, and perform the Maintenance Agreement and the other Guarantor Loan Documents to which Lennar is a party. The execution, delivery, and performance by Lennar of the Maintenance Agreement and the other Guarantor Loan Documents to which Lennar is a party have been duly authorized by all requisite action by or on behalf of Lennar and will not conflict with, or result in a violation of or a default under, the certificate of incorporation, bylaws and other formation documents of Lennar.
Lennar. No approval, authorization, bond, consent, certificate, franchise, license, permit, registration, qualification, or other action or grant by or filing with any Person not previously obtained is required in connection with the execution, delivery, or performance by Lennar of the Maintenance Agreement and the other Guarantor Loan Documents to which Lennar is a party.
Lennar. The execution, delivery, and performance by Lennar of the Maintenance Agreement and the other Guarantor Loan Documents to which it is a party will not conflict with, or result in a violation of or a default under: (i) any applicable law, ordinance, regulation, or rule (federal, state, or local); (ii) any judgment, order, or decree of any arbitrator, other private adjudicator, or Governmental Authority to which Lennar is a party or by which Lennar or any of the assets or property of Lennar is bound; (iii) any of the Approvals and Permits; (iv) or any agreement, document, or instrument to which Lennar is a party or by which Lennar or any of the assets or property of Lennar is bound.
Lennar. Except as disclosed on Exhibit D, (i) no legal proceeding is pending or, to best knowledge of Borrower, threatened before any arbitrator, other private adjudicator, or Governmental Authority to which Lennar is a party or by which Lennar or any assets or property of Lennar may be bound or affected that if resolved adversely to Lennar could result in a Material Adverse Change and (ii) no hearing, inquiry, or investigation relating to Lennar or any assets or property of Lennar is pending or, to the best knowledge of Borrower, threatened by any Governmental Authority that if resolved adversely to Lennar could result in a Material Adverse Change.
Lennar. Lennar shall continue to be a corporation validly existing and in good standing under the laws of the State of Delaware.
Lennar. Except as shown on Exhibit 4.1-N, neither Lennar nor any of its subsidiaries has waived any statute of limitations in respect of a material amount of Taxes or agreed to any extension of time with respect to a material Tax assessment or deficiency other than waivers and extensions which are no longer in effect. Neither Lennar nor any of its subsidiaries is a party to any agreement providing for the allocation or sharing of Taxes with any entity that is not, directly or indirectly, a wholly owned subsidiary of Lennar, other than the Spin Off Agreement. Neither Lennar nor any of its subsidiaries has, with regard to any assets or property held, acquired or to be acquired by any of them, filed a consent to the application of Section 341(f) of the Code. For purposes of this Agreement,
Lennar. Contract insurance review: Prior to issuing a contract, FivePoint Risk Management Consultant reviews contracted activity and recommends the appropriate level of insurance for the vendor. FivePoint RVP (Risk Management Consultant) Lennar FivePoint Risk Management Consultant analyzes Certificates of Insurance rejected by EBIX and provides recommendation on response. FivePoint RVP (Risk Management Consultant) Lennar * These events are currently being addressed by the FivePoint Risk Management Consultant but are excluded activities under Exhibit D of the DMA. Current as of July 2, 2016. Subject to revision in accordance with the Agreement. Workflow - HPS Development Co (also known as Phase 1 Horizontal) Processes: BUDGET APPROVAL AND BUDGET ADJUSTMENT Responsible Party Step Event Manager HPSDC (Lennar) 1 FivePoint VP of Construction prepares Budget and Schedule of Performance and submits to HPSDC for Approval (Expenditures for soft and hard cost change orders require signature but not approval if cost was budgeted for in the Budget and Schedule of Performance) VP of Construction (with Project Manager Support) N/A 2 HPSDC Reviews and Approves Budget and Schedule of Performance. N/A Lennar 3 FivePoint Horizontal Project Manager incorporates soft cost schedule of values and or pay applications and provides requesting entity appropriate paperwork documenting changes. Horizontal Project Manager N/A 4 HPSDC Provides for funding of additional amount requested and approved. N/A Lennar note Additions to Budget and Schedule of Performance require approval by HPSDC (Approval must include cost plan to why or what caused the impact and include a Schedule of Delays). N/A N/A Workflow - HPS Development Co (also known as Phase 1 Horizontal) Processes: DESIGN PACKAGE PROCESSING Responsible Party Step Event Manager HPSDC (Lennar) 1 Design Package generated. Horizontal Project Manager N/A 2 Horizontal Project Manager prepares design package for Director of Land Development. Horizontal Project Manager N/A 3 Director of Land Development reviews design package for HPSDC approval and transmits to HPSDC contact. VP of Construction or Director of Land Development on Horizontal Team Lennar 4 HPSDC reviews and approves design package or suggests changes. N/A Lennar 5 If changes are needed, HPSDC will provide feedback and FivePoint Horizontal Project Manager will incorporate changes and return for review. Horizontal Project Manager Lennar 6 Package circulated internally for approval. N/A...
