Consent of Guarantors to Increased Aggregate Commitment under Credit Agreement (M.D.C. Holdings, Inc. and Affiliates)

Summary

This document is a consent by several Richmond American Homes entities and M.D.C. Land Corporation, Inc., as guarantors, acknowledging and agreeing to an increase in the total loan commitment under a Credit Agreement involving M.D.C. Holdings, Inc. The guarantors confirm that their obligations under their existing guarantees remain unchanged and fully effective despite the increased loan amount. The consent is dated October 16, 2000.

EX-4.6 7 0007.txt Exhibit 4.6 CONSENT OF GUARANTORS Each of the undersigned (a) is a Guarantor under a Guaranty (each, a "Guaranty") dated October 8, 1999 guarantying the obligations of M.D.C. Holdings, Inc. under a certain Credit Agreement dated as of October 8, 1999 (the "Credit Agreement"; terms used herein shall have the meanings provided for in the Credit Agreement), (b) does hereby acknowledge and consent to the Commitment and Acceptance of even date herewith by and among the Borrower, the Administrative Agent, and U.S. Bank, National Association, providing for an increase of the Aggregate Commitment to $413,000,000 and (c) acknowledges and agrees that its obligations under its Guaranty remain in full force and effect. This Consent of Guarantors is executed and delivered as of October 16, 2000. RICHMOND AMERICAN HOMES OF CALIFORNIA, INC., a Colorado corporation By: /s/ John J. Heaney --------------------------------------- Name: John J. Heaney, Vice President RICHMOND AMERICAN HOMES OF MARYLAND, INC., a Maryland corporation By: /s/ John J. Heaney --------------------------------------- Name: John J. Heaney, Vice President RICHMOND AMERICAN HOMES OF NEVADA, INC., a Colorado corporation By: /s/ John J. Heaney --------------------------------------- Name: John J. Heaney, Vice President RICHMOND AMERICAN HOMES OF Virginia, INC., a Virginia corporation By: /s/ John J. Heaney --------------------------------------- Name: John J. Heaney, Vice President RICHMOND AMERICAN HOMES OF ARIZONA, INC., a Delaware corporation By: /s/ John J. Heaney --------------------------------------- Name: John J. Heaney, Vice President RICHMOND AMERICAN HOMES OF COLORADO, INC., a Delaware corporation By: /s/ John J. Heaney --------------------------------------- Name: John J. Heaney, Vice President RICHMOND AMERICAN HOMES OF NORTHERN, CALIFORNIA, INC., a Colorado corporation By: /s/ John J. Heaney --------------------------------------- Name: John J. Heaney, Vice President M.D.C. LAND CORPORATION, INC., a Colorado corporation By: /s/ John J. Heaney --------------------------------------- Name: John J. Heaney, Vice President RICHMOND AMERICAN CONSTRUCTION, INC., a Delaware corporation By: /s/ John J. Heaney --------------------------------------- Name: John J. Heaney, Vice President 2