Program Agreement definition
Examples of Program Agreement in a sentence
Effective immediately upon the occurrence of the Distribution, Lennar, on behalf of itself and its subsidiaries, and SpinCo, on behalf of itself and its subsidiaries, as applicable, agree to enter into and be bound by that certain Master Program Agreement, Master Option Agreement, Master Construction Agreement, Multiparty Cross Agreement, and Master Guaranty (collectively, the “Transaction Documents”).
Builder and Owner previously executed that certain Master Program Agreement, dated [_______], 2024 (the “Master Agreement”).
Millrose Properties, Inc., a Maryland corporation (“Owner”) and U.S. Home, LLC, a Delaware limited liability company (“US Homes”), have previously entered into that certain Master Program Agreement, dated [________________], 2024 (the “Master Agreement”).
In addition to each Seller’s obligations contained in Section 3 of the Pricing Side Letter, each Seller, jointly and severally, agrees to pay to Administrative Agent reasonable attorneys’ fees and reasonable legal expenses incurred in enforcing Administrative Agent’s and Buyers’ rights, powers and remedies under this Agreement and each other Program Agreement.
Each Buyer may enforce payment of the same and exercise any or all of the rights, powers and remedies possessed by such Buyer, whether under this Agreement or any other Program Agreement or afforded by applicable law.