sv3asr
As filed with the Securities and Exchange Commission on October 29, 2008
Registration No. 333-
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-3
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
Toll Brothers, Inc.*
(Exact name of registrant as specified in its charter)
     
Delaware
(State or other jurisdiction of incorporation or organization of registrant)
  23-2416878
(I.R.S. Employer Identification No.)
250 Gibraltar Road
Horsham, PA 19044
(215) 938-8000

(Address, including zip code, and telephone number, including area code, of each registrant’s principal executive offices)
 
Joel H. Rassman
Executive Vice President and Chief Financial Officer
Toll Brothers, Inc.
250 Gibraltar Road
Horsham, PA 19044
(215) 938-8000

(Name, address, including zip code, and telephone number, including area code, of agent for service)
 
Copy to:
Darrick M. Mix, Esquire
WolfBlock LLP
1650 Arch Street, 22
nd Floor
Philadelphia, PA 19103-2097
(215) 977-2006
 
Approximate date of commencement of proposed sale to the public:  From time to time after the effective date of this Registration Statement.
If the only securities being registered on this Form are to be offered pursuant to dividend or interest reinvestment plans, please check the following box. o
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”), other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. þ
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. þ
If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. o
     Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer  þAccelerated filer  o 
Non-accelerated filer  o
(Do not check if a smaller reporting company)
Smaller reporting company o

 


 

CALCULATION OF REGISTRATION FEE
                             
 
              Proposed     Proposed        
              Maximum     Maximum        
  Title of Each Class of     Amount to be     Offering Price     Aggregate     Amount of  
  Securities to be Registered     Registered     Per Unit     Offering Price     Registration Fee  
 
Common Stock (1)
    (2)     (2)     (2)     (2)  
 
Preferred Stock
    (2)     (2)     (2)     (2)  
 
Warrants
    (2)     (2)     (2)     (2)  
 
Debt Securities
    (2)     (2)     (2)     (2)  
 
Guarantees
    (2), (3)     (2), (3)     (2), (3)     (2), (3)  
 
(1)   Each share of common stock registered hereunder includes associated Rights to Purchase Series A Junior Participating Preferred Stock (“Rights”) of Toll Brothers, Inc. Until the occurrence of certain prescribed events, the Rights are not exercisable, will be evidenced by the certificate for the common stock and will be transferred along with and only with the common stock. Upon the occurrence of such events, the Rights will separate from the common stock and separate certificates representing the Rights will be distributed to the holders of the common stock.
 
(2)   Omitted pursuant to Form S-3 General Instruction II.E. An indeterminate aggregate initial offering price or number of the securities of each identified class is being registered as may from time to time be issued at indeterminate prices. Separate consideration may or may not be received for securities that are issuable on exercise, conversion or exchange of other securities or that are issued in units or represented by depositary shares. In accordance with Rules 456(b) and 457(r), the registrants are deferring payment of all of the registration fee.
 
(3)   Pursuant to Rule 457(n), no separate registration fee is payable with regard to the guarantees.
 
*   The co-registrants listed on the next page are also included in this Form S-3 Registration Statement as additional registrants.
 
 

 


 

The following direct and indirect subsidiaries of Toll Brothers, Inc. may issue the debt securities and/or guarantee the debt securities and are co-registrants under this registration statement. The address, including zip code, and telephone number, including area code, for each of the co-registrants is 250 Gibraltar Road, Horsham, Pennsylvania 19044, 215 938-8000.
         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
110-112 Third Ave. Realty Corp.
  New York   13-1940046
Amwell Chase, Inc.
  Delaware   23-2551304
Bunker Hill Estates, Inc.
  Delaware   23-2535037
Chesterbrooke, Inc.
  Delaware   23-2485513
Connecticut Land Corp.
  Delaware   23-2533514
Daylesford Development Corp.
  Delaware   23-2511943
ESE Consultants, Inc.
  Delaware   23-2432981
Fairway Valley, Inc.
  Delaware   23-2432976
First Brandywine Finance Corp.
  Delaware   23-2737486
First Brandywine Investment Corp. II
  Delaware   23-2731790
First Brandywine Investment Corp. III
  Delaware   23-2820213
First Brandywine Investment Corp. IV
  Delaware   61-1443340
First Huntingdon Finance Corp.
  Delaware   23-2485787
Franklin Farms G.P., Inc.
  Delaware   23-2486303
HQZ Acquisitions, Inc.
  Michigan   38-3149633
MA Limited Land Corporation
  Delaware   23-2523560
Maple Point, Inc.
  Delaware   23-2551803
Maryland Limited Land Corporation
  Delaware   23-2499816
Polekoff Farm, Inc.
  Pennsylvania   23-2417142
SH Homes Corporation
  Michigan   38-3392296
SI Investment Corporation
  Michigan   38-3298884
Springfield Chase, Inc.
  Delaware   23-2538985
Stewarts Crossing, Inc.
  Delaware   23-2547222
TB Proprietary Corp.
  Delaware   23-2485790
TB Proprietary LP, Inc.
  Delaware   23-3066217
Tenby Hunt, Inc.
  Delaware   23-2682947
The Silverman Building Companies, Inc.
  Michigan   38-3075345
Toll Architecture I, P.A.
  Delaware   20-4889260
Toll Architecture, Inc.
  Delaware   20-3532291
Toll AZ GP Corp.
  Delaware   23-2815680
Toll Bay Corp.
  Delaware   57-1195220
Toll Bay Corp. II
  Delaware   56-2489898
Toll Bros. of Arizona, Inc.
  Arizona   23-2906398
Toll Bros. of North Carolina, Inc.
  North Carolina   23-2777389
Toll Bros. of North Carolina II, Inc.
  North Carolina   23-2990315
Toll Bros. of North Carolina III, Inc.
  North Carolina   23-2993276
Toll Bros. of Tennessee, Inc.
  Delaware   51-0385724
Toll Bros., Inc.
  Delaware   23-2600117
Toll Bros., Inc.
  Pennsylvania   23-2417123
Toll Bros., Inc.
  Texas   23-2896374
Toll Brothers AZ Construction Company
  Arizona   23-2832024
Toll Brothers Canada USA, Inc.
  Delaware   20-4250532
Toll Brothers Finance Corp.
  Delaware   23-3097271
Toll Brothers Real Estate, Inc.
  Pennsylvania   23-2417116
Toll Buckeye Corp.
  Delaware   56-2489916

 


 

         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
Toll Buckeye Corp. II
  Delaware   56-2489918
Toll CA GP Corp.
  California   23-2748091
Toll Centennial Corp.
  Delaware   56-2489913
Toll CO GP Corp.
  Colorado   23-2978190
Toll Copper Corp.
  Delaware   56-2489926
Toll Copper Corp. II
  Delaware   56-2489925
Toll Corp.
  Delaware   23-2485860
Toll Development Company, Inc.
  Michigan   38-3180742
Toll Diamond Corp.
  Delaware   57-1195241
Toll Diamond Corp. II
  Delaware   56-2489912
Toll Dominion Corp.
  Delaware   57-1195222
Toll Dominion Corp. II
  Delaware   56-2489897
Toll Empire Corp.
  Delaware   57-1195218
Toll Empire Corp. II
  Delaware   56-2489900
Toll Finance Corp.
  Delaware   23-2978196
Toll FL GP Corp.
  Florida   23-2796288
Toll GA GP Corp.
  Georgia   20-5853882
Toll Garden Corp.
  Delaware   55-0883946
Toll Garden Corp. II
  Delaware   56-2489899
Toll Golden Corp.
  Delaware   56-2489904
Toll Granite Corp.
  Delaware   57-1195215
Toll Granite Corp. II
  Delaware   56-2489902
Toll Great Lakes Corp.
  Delaware   56-2489914
Toll Great Lakes Corp. II
  Delaware   56-2489920
Toll Holdings, Inc.
  Delaware   23-2569047
Toll IL GP Corp.
  Illinois   23-2967049
Toll Keystone Corp.
  Delaware   57-1195238
Toll Keystone Corp. II
  Delaware   56-2489895
Toll Land Corp. No. 6
  Pennsylvania   23-2417134
Toll Land Corp. No. 10
  Delaware   23-2551776
Toll Land Corp. No. 20
  Delaware   23-2551793
Toll Land Corp. No. 43
  Delaware   23-2737488
Toll Land Corp. No. 45
  Delaware   23-2737050
Toll Land Corp. No. 46
  Delaware   23-2737483
Toll Land Corp. No. 47
  Delaware   23-2737359
Toll Land Corp. No. 48
  Delaware   23-2860557
Toll Land Corp. No. 49
  Delaware   23-2860562
Toll Land Corp. No. 50
  Delaware   23-2860513
Toll Land Corp. No. 51
  Delaware   23-2959185
Toll Land Corp. No. 52
  Delaware   23-2966099
Toll Land Corp. No. 53
  Delaware   23-2978200
Toll Land Corp. No. 55
  Delaware   23-2978124
Toll Land Corp. No. 56
  Delaware   23-2978119
Toll Land Corp. No. 58
  Delaware   23-3097273
Toll Land Corp. No. 59
  Delaware   23-3097278
Toll Land Corp. No. 60
  Delaware   23-3097277
Toll Lone Star Corp.
  Delaware   56-2489928
Toll Lone Star Corp. II
  Delaware   56-2489927
Toll LTC Successor Corp.
  Nevada   20-5854053
Toll Management AZ Corp.
  Delaware   51-0385727
Toll Management VA Corp.
  Delaware   51-0385725

 


 

         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
Toll Manhattan I, Inc.
  New York   20-2255686
Toll MD Builder Corp.
  Maryland   20-0355148
Toll MI GP Corp.
  Michigan   23-2917543
Toll Mid-Atlantic LP Company, Inc.
  Delaware   57-1195257
Toll Mid-Atlantic Note Company, Inc.
  Delaware   57-1195252
Toll Midwest LP Company, Inc.
  Delaware   56-2489924
Toll Midwest Note Company, Inc.
  Delaware   56-2489923
Toll MN GP Corp.
  Minnesota   20-0099962
Toll NC GP Corp.
  North Carolina   23-2760759
Toll NH GP Corp.
  New Hampshire   23-3048998
Toll NJ Builder Corp.
  New Jersey   74-3083211
Toll NJX-I Corp.
  Delaware   51-0413821
Toll NJX-II Corp.
  Delaware   51-0413826
Toll NJX III Corp.
  Delaware   74-3083754
Toll NJX IV Corp.
  Delaware   74-3083774
Toll Northeast LP Company, Inc.
  Delaware   57-1195250
Toll Northeast Note Company, Inc.
  Delaware   57-1195240
Toll Northeast Services, Inc.
  Delaware   20-3714378
Toll Nutmeg Corp.
  Delaware   57-1195212
Toll Nutmeg Corp. II
  Delaware   56-2489901
Toll NV GP Corp.
  Nevada   23-2928710
Toll OH GP Corp.
  Ohio   23-2878722
Toll Old Line Corp.
  Delaware   57-1195233
Toll Old Line Corp. II
  Delaware   56-2489896
Toll PA Builder Corp.
  Pennsylvania   87-0693313
Toll PA GP Corp.
  Pennsylvania   23-2687561
Toll PA II GP Corp.
  Pennsylvania   03-0395069
Toll PA III GP Corp.
  Pennsylvania   20-1934096
Toll Palmetto Corp.
  Delaware   57-1195245
Toll Palmetto Corp. II
  Delaware   56-2489911
Toll Peppertree, Inc.
  New York   23-2709097
Toll Philmont Corporation
  Delaware   23-2526635
Toll Plantation Corp.
  Delaware   57-1195217
Toll Plantation Corp. II
  Delaware   56-2489903
Toll Prairie Corp.
  Delaware   56-2489915
Toll Realty Holdings Corp. I
  Delaware   23-2954512
Toll Realty Holdings Corp. II
  Delaware   23-2954511
Toll Realty Holdings Corp. III
  Delaware   23-2954510
Toll RI GP Corp.
  Rhode Island   23-3020194
Toll Sagebrush Corp.
  Delaware   56-2489919
Toll SC GP Corp.
  South Carolina   23-3094328
Toll Southeast LP Company, Inc.
  Delaware   57-1195213
Toll Southeast Note Company, Inc.
  Delaware   57-1195261
Toll Southwest LP Company, Inc.
  Delaware   56-2489922
Toll Southwest Note Company, Inc.
  Delaware   56-2489921
Toll Sunshine Corp.
  Delaware   57-1195251
Toll Sunshine Corp. II
  Delaware   56-2489909
Toll Tar Heel Corp.
  Delaware   57-1195249
Toll Tar Heel Corp. II
  Delaware   56-2489910
Toll TN GP Corp.
  Tennessee   23-2886926
Toll TX GP Corp.
  Delaware   23-2796291

 


 

         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
Toll VA GP Corp.
  Delaware   23-2551790
Toll VA Member Two, Inc.
  Delaware   51-0385726
Toll WestCoast LP Company, Inc.
  Delaware   56-2489917
Toll WestCoast Note Company, Inc.
  Delaware   59-3790049
Toll Wood Corporation
  Delaware   23-2533529
Toll WV GP Corp.
  West Virginia   20-3337780
Toll YL, Inc.
  California   23-2898272
Valley Forge Conservation Holding GP Corp.
  Pennsylvania   73-1636768
Warren Chase, Inc.
  Delaware   23-2518740
Windsor Development Corp.
  Pennsylvania   23-2432983
51 N. 8th Street L.P.
  New York   23-2796304
Afton Chase, L.P.
  Pennsylvania   23-2760770
Audubon Ridge, L.P.
  Pennsylvania   23-2668976
Beaumont Chase, L.P.
  Pennsylvania   23-2910269
Belmont Land, L.P.
  Virginia   23-2810333
Bernards Chase, L.P.
  New Jersey   23-2796287
Binks Estates Limited Partnership
  Florida   23-2796300
Blue Bell Country Club, L.P.
  Pennsylvania   23-2668975
Branchburg Ridge, L.P.
  New Jersey   23-2918996
Brass Castle Estates, L.P.
  New Jersey   23-2921715
Bridle Estates, L.P.
  Pennsylvania   23-2855510
Broad Run Associates, L.P.
  Pennsylvania   23-2979479
Buckingham Woods, L.P.
  Pennsylvania   23-2689274
Bucks County Country Club, L.P.
  Pennsylvania   23-2878689
Calabasas View, L.P.
  California   23-2785219
CC Estates Limited Partnership
  Massachusetts   23-2748927
Charlestown Hills, L.P.
  New Jersey   23-2855658
Chellis Hill Limited Partnership
  Massachusetts   20-2489463
Cheltenham Estates Limited Partnership
  Michigan   23-2968590
Chesterbrooke Limited Partnership
  New Jersey   23-2485378
Cobblestones at Thornbury, L.P.
  Pennsylvania   23-2774674
Cold Spring Hunt, L.P.
  Pennsylvania   23-2702468
Concord Chase, L.P.
  Pennsylvania   23-2897949
Cortlandt Chase, L.P.
  New York   23-2928875
Dolington Estates, L.P.
  Pennsylvania   23-2760781
Dominion Country Club, L.P.
  Virginia   23-2984309
Eagle Farm Limited Partnership
  Massachusetts   23-2760777
Estates at Coronado Pointe, L.P.
  California   23-2796299
Estates at Princeton Junction, L.P.
  New Jersey   23-2760779
Estates at Rivers Edge, L.P.
  New Jersey   23-2748080
Estates at San Juan Capistrano, L.P.
  California   23-2796301
Fair Lakes Chase, L.P.
  Virginia   23-2955092
Fairfax Investment, L.P.
  Virginia   23-2982190
Fairfax Station Hunt, L.P.
  Virginia   23-2680894
Fairway Mews Limited Partnership
  New Jersey   23-2621939
Farmwell Hunt, L.P.
  Virginia   23-2822996
First Brandywine Partners, L.P.
  Delaware   51-0385730
Franklin Oaks Limited Partnership
  Massachusetts   23-2838925
Great Falls Hunt, L.P.
  Virginia   23-2719371
Great Falls Woods, L.P.
  Virginia   23-2963544
Greens at Waynesborough, L.P.
  Pennsylvania   23-2740013

 


 

         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
Greenwich Chase, L.P.
  New Jersey   23-2709793
Greenwich Station, L.P.
  New Jersey   23-2816336
Hoboken Land LP
  New Jersey   20-1466751
Hockessin Chase, L.P.
  Delaware   23-2944970
Holland Ridge, L.P.
  New Jersey   23-2785227
Holliston Hunt Limited Partnership
  Massachusetts   23-2922701
Hopewell Hunt, L.P.
  New Jersey   23-2838289
Huckins Farm Limited Partnership
  Massachusetts   23-2740411
Hunter Mill, L.P.
  Virginia   23-2711430
Hunterdon Chase, L.P.
  New Jersey   23-2774673
Hunterdon Ridge, L.P.
  New Jersey   23-2944965
Huntington Estates Limited Partnership
  Connecticut   23-2855662
Hurley Ridge Limited Partnership
  Maryland   23-2954935
Kensington Woods Limited Partnership
  Massachusetts   23-2701194
Laurel Creek, L.P.
  New Jersey   23-2796297
Loudoun Valley Associates, L.P.
  Virginia   23-3025878
Manalapan Hunt, L.P.
  New Jersey   23-2806323
Mill Road Estates, L.P.
  Pennsylvania   23-2954934
Montgomery Chase, L.P.
  New Jersey   23-2745356
Moorestown Hunt, L.P.
  New Jersey   23-2810335
Mount Kisco Chase, L.P.
  New York   23-2796641
NC Country Club Estates Limited Partnership
  North Carolina   23-2917299
Newtown Chase Limited Partnership
  Connecticut   23-2818660
Northampton Crest, L.P.
  Pennsylvania   23-2944980
Northampton Preserve, L.P.
  Pennsylvania   23-2901212
Patriots, L.P.
  New Jersey   23-2941041
Preston Village Limited Partnership
  North Carolina   23-2806570
Princeton Hunt, L.P.
  New Jersey   23-2747998
Providence Plantation Limited Partnership
  North Carolina   23-2855661
Regency at Dominion Valley, L.P.
  Virginia   45-0497498
River Crossing, L.P.
  Pennsylvania   23-2855516
Rolling Greens, L.P.
  New Jersey   23-2855583
Rose Hollow Crossing Associates
  Pennsylvania   23-2253629
Seaside Estates Limited Partnership
  Florida   23-2870057
Shrewsbury Hunt Limited Partnership
  Massachusetts   23-2912930
Silverman-Toll Limited Partnership
  Michigan   23-2986323
Somers Chase, L.P.
  New York   23-2855511
Somerset Development Limited Partnership
  North Carolina   23-2785223
Sorrento at Dublin Ranch I LP
  California   20-3337641
Sorrento at Dublin Ranch II LP
  California   20-3337654
Sorrento at Dublin Ranch III LP
  California   20-3337665
South Riding, L.P.
  Virginia   23-2994369
South Riding Amberlea LP
  Virginia   20-0383954
South Riding Partners Amberlea LP
  Virginia   20-0384024
South Riding Partners, L.P.
  Virginia   23-2861890
Southport Landing Limited Partnership
  Connecticut   23-2784609
Springton Pointe, L.P.
  Pennsylvania   23-2810340
Stone Mill Estates, L.P.
  Pennsylvania   23-3013974
Swedesford Chase, L.P.
  Pennsylvania   23-2939504
TB Proprietary, L.P.
  Delaware   23-3070158
TBI/Heron Bay Limited Partnership
  Florida   23-2928874

 


 

         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
TBI/Naples Limited Partnership
  Florida   23-2883354
TBI/Palm Beach Limited Partnership
  Florida   23-2891601
The Bird Estate Limited Partnership
  Massachusetts   23-2883360
The Estates at Brooke Manor Limited Partnership
  Maryland   23-2740412
The Estates at Summit Chase, L.P.
  California   23-2748089
The Preserve at Annapolis Limited Partnership
  Maryland   23-2838510
The Preserve at Boca Raton Limited Partnership
  Florida   23-2810339
The Woods at Highland Lakes, L.P.
  Ohio   23-2948699
The Woods at Long Valley, L.P.
  New Jersey   23-2889640
Timber Ridge Investment Limited Partnership
  Michigan   38-3413876
Toll at Brier Creek Limited Partnership
  North Carolina   23-2954264
Toll at Daventry Park, L.P.
  Ohio   23-2897947
Toll at Honey Creek Limited Partnership
  Michigan   20-3675855
Toll at Payne Ranch, L.P.
  California   23-2833118
Toll at Princeton Walk, L.P.
  New Jersey   23-2879954
Toll at Westlake, L.P.
  New Jersey   23-2963549
Toll at Whippoorwill, L.P.
  New York   23-2888554
Toll Brooklyn L.P.
  New York   20-1941153
Toll Bros. of Tennessee, L.P.
  Tennessee   51-0386723
Toll Brothers AZ Limited Partnership
  Arizona   23-2815685
Toll Brothers Maryland II Limited Partnership
  Maryland   23-3027594
Toll CA, L.P.
  California   23-2963547
Toll CA II, L.P.
  California   23-2838417
Toll CA III, L.P.
  California   23-3031827
Toll CA IV, L.P.
  California   23-3029688
Toll CA V, L.P.
  California   23-3091624
Toll CA VI, L.P.
  California   23-3091657
Toll CA VII, L.P.
  California   20-1972440
Toll CA VIII, L.P.
  California   20-2328888
Toll CA IX, L.P.
  California   20-3454571
Toll CA X, L.P.
  California   20-3454613
Toll CA XI, L.P.
  California   20-3532036
Toll CA XII, L.P.
  California   20-3733386
Toll CA XIII, L.P.
  California   20-4249551
Toll CA XV, L.P.
  California   20-4889196
Toll CA XVI, L.P.
  California   20-4889219
Toll CA XVII, L.P.
  California   20-5469235
Toll CA XVIII, L.P.
  California   20-5378099
Toll CA XIV, L.P.
  California   20-4249528
Toll CA XIX, L.P.
  California   20-5853968
Toll Cliffs Urban Renewal Company LP
  New Jersey   20-0383861
Toll CO, L.P.
  Colorado   23-2978294
Toll Costa, L.P.
  California   81-0602065
Toll CT II Limited Partnership
  Connecticut   23-3041974
Toll CT Limited Partnership
  Connecticut   23-2963551
Toll CT Westport Limited Partnership
  Connecticut   23-3048964
Toll DE LP
  Delaware   20-0660934
Toll East Naples Limited Partnership
  Florida   23-2929049
Toll Estero Limited Partnership
  Florida   72-1539292
Toll FL Limited Partnership
  Florida   23-3007073
Toll FL II Limited Partnership
  Florida   73-1657686

 


 

         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
Toll FL III Limited Partnership
  Florida   20-0135814
Toll FL IV Limited Partnership
  Florida   20-1158717
Toll FL V Limited Partnership
  Florida   20-2862720
Toll FL VI Limited Partnership
  Florida   20-3161585
Toll FL VII Limited Partnership
  Florida   20-3482591
Toll FL VIII Limited Partnership
  Florida   20-4232188
Toll Ft. Myers Limited Partnership
  Florida   82-0559443
Toll GA LP
  Georgia   20-5854013
Toll Grove LP
  New Jersey   20-0215496
Toll Hudson LP
  New Jersey   20-0465460
Toll IL HWCC, L.P.
  Illinois   75-2985312
Toll IL, L.P.
  Illinois   23-2963552
Toll IL II, L.P.
  Illinois   23-3041962
Toll IL III, L.P.
  Illinois   03-0382404
Toll IL IV, L.P.
  Illinois   20-3733446
Toll IL WSB, L.P.
  Illinois   20-1000885
Toll Jacksonville Limited Partnership
  Florida   20-0204373
Toll Land IX Limited Partnership
  Virginia   23-2939502
Toll Land Limited Partnership
  Connecticut   23-2709099
Toll Land IV Limited Partnership
  New Jersey   23-2737490
Toll Land V Limited Partnership
  New York   23-2796637
Toll Land VI Limited Partnership
  New York   23-2796640
Toll Land VII Limited Partnership
  New York   23-2775308
Toll Land X Limited Partnership
  Virginia   23-2774670
Toll Land XI Limited Partnership
  New Jersey   23-2796302
Toll Land XIV Limited Partnership
  New York   23-2796295
Toll Land XV Limited Partnership
  Virginia   23-2810342
Toll Land XVI Limited Partnership
  New Jersey   23-2810344
Toll Land XVII Limited Partnership
  Connecticut   23-2815064
Toll Land XVIII Limited Partnership
  Connecticut   23-2833240
Toll Land XIX Limited Partnership
  California   23-2833171
Toll Land XX Limited Partnership
  California   23-2838991
Toll Land XXI Limited Partnership
  Virginia   23-2865738
Toll Land XXII Limited Partnership
  California   23-2879949
Toll Land XXIII Limited Partnership
  California   23-2879946
Toll Land XXV Limited Partnership
  New Jersey   23-2867694
Toll Land XXVI Limited Partnership
  Ohio   23-2880687
Toll Livingston at Naples Limited Partnership
  Florida   71-0902794
Toll MA Land Limited Partnership
  Massachusetts   20-4889176
Toll Marshall LP
  New Jersey   20-0215536
Toll MD Builder I, L.P.
  Maryland   20-0355209
Toll MD Limited Partnership
  Maryland   23-2963546
Toll MD II Limited Partnership
  Maryland   23-2978195
Toll MD III Limited Partnership
  Maryland   23-3044366
Toll MD IV Limited Partnership
  Maryland   71-0890813
Toll MD V Limited Partnership
  Maryland   81-0610742
Toll MD VI Limited Partnership
  Maryland   20-1756721
Toll MD VII Limited Partnership
  Maryland   20-2101938
Toll MD VIII Limited Partnership
  Maryland   20-3675884
Toll MD IX Limited Partnership
  Maryland   20-3733408
Toll MD X Limited Partnership
  Maryland   20-5469282

 


 

         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
Toll MI Limited Partnership
  Michigan   23-2999200
Toll MI II Limited Partnership
  Michigan   23-3015611
Toll MI III Limited Partnership
  Michigan   23-3097778
Toll MI IV Limited Partnership
  Michigan   20-1501161
Toll MI V Limited Partnership
  Michigan   20-2489523
Toll MN, L.P.
  Minnesota   20-0099987
Toll MN II, L.P.
  Minnesota   20-4804528
Toll Naval Associates
  Pennsylvania   23-2454576
Toll NC II LP
  North Carolina   20-5208447
Toll NC, L.P.
  North Carolina   20-2087335
Toll NH Limited Partnership
  New Hampshire   23-3048999
Toll NJ Builder I, L.P.
  New Jersey   41-2089798
Toll NJ, L.P.
  New Jersey   23-2963550
Toll NJ II, L.P.
  New Jersey   23-2991953
Toll NJ III, L.P.
  New Jersey   23-2993263
Toll NJ IV, L.P.
  New Jersey   23-3038827
Toll NJ V, L.P.
  New Jersey   23-3091620
Toll NJ VI, L.P.
  New Jersey   23-3098583
Toll NJ VII, L.P.
  New Jersey   20-2635402
Toll NJ VIII, L.P.
  New Jersey   20-3337736
Toll NJ XI, L.P.
  New Jersey   20-5088496
Toll Northville Golf Limited Partnership
  Michigan   23-2918224
Toll Northville Limited Partnership
  Michigan   23-2918130
Toll NV Limited Partnership
  Nevada   23-3010602
Toll NY LP
  New York   20-3887115
Toll Orlando Limited Partnership
  Florida   20-2862679
Toll PA, L.P.
  Pennsylvania   23-2879956
Toll PA II, L.P.
  Pennsylvania   23-3063349
Toll PA III, L.P.
  Pennsylvania   23-3097666
Toll PA IV, L.P.
  Pennsylvania   23-3097672
Toll PA V, L.P.
  Pennsylvania   03-0395087
Toll PA VI, L.P.
  Pennsylvania   47-0858909
Toll PA VII, L.P.
  Pennsylvania   68-0533037
Toll PA VIII, L.P.
  Pennsylvania   20-0969010
Toll PA IX, L.P.
  Pennsylvania   20-0969053
Toll PA X, L.P.
  Pennsylvania   20-2172994
Toll PA XI, L.P.
  Pennsylvania   20-3733420
Toll PA XII, L.P.
  Pennsylvania   20-1934037
Toll PA XIII, L.P.
  Pennsylvania   20-4889135
Toll Park LP
  New Jersey   20-0383903
Toll Realty Holdings LP
  Delaware   23-2954509
Toll Reston Associates, L.P.
  Delaware   23-3016263
Toll RI, L.P.
  Rhode Island   23-3020191
Toll RI II, L.P.
  Rhode Island   27-0043852
Toll SC, L.P.
  South Carolina   23-3094632
Toll SC II, L.P.
  South Carolina   82-0574725
Toll SC III, L.P.
  South Carolina   20-4249465
Toll Stonebrae LP
  California   20-3192668
Toll VA, L.P.
  Virginia   23-2952674
Toll VA II, L.P.
  Virginia   23-3001131
Toll VA III, L.P.
  Virginia   23-3001132

 


 

         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
Toll VA IV, L.P.
  Virginia   75-2972033
Toll VA V, L.P.
  Virginia   47-0887401
Toll VA VI, L.P.
  Virginia   20-1972394
Toll VA VII, L.P.
  Virginia   20-3675918
Toll WV LP
  West Virginia   20-4249451
Toll YL, L.P.
  California   23-3016250
Toll YL II, L.P.
  California   80-0014182
Toll-Dublin, L.P.
  California   23-3070669
Trumbull Hunt Limited Partnership
  Connecticut   23-2855529
Uwchlan Woods, L.P.
  Pennsylvania   23-2838958
Valley Forge Conservation Holding, L.P.
  Pennsylvania   42-1537902
Valley Forge Woods, L.P.
  Pennsylvania   23-2699971
Valley View Estates Limited Partnership
  Massachusetts   23-2760768
Village Partners, L.P.
  Pennsylvania   81-0594073
Washington Greene Development, L.P.
  New Jersey   23-2815640
Waterford Preserve LP
  Virginia   20-2814766
West Amwell Limited Partnership
  New Jersey   23-2570825
Whiteland Woods, L.P.
  Pennsylvania   23-2833125
Willowdale Crossing, L.P.
  Pennsylvania   23-2879951
Wilson Concord, L.P.
  Tennessee   23-2887824
110-112 Third Ave. GC II LLC
  New York   13-1940046**
110-112 Third Ave. GC LLC
  New York   13-1940046**
1500 Garden St. LLC
  New Jersey   20-1466751**
2301 Fallston Road LLC
  Maryland   23-2963546**
5-01 — 5-17 48th Avenue GC II LLC
  New York   23-2796295**
5-01 — 5-17 48th Avenue GC LLC
  New York   23-2796295**
5-01 — 5-17 48th Avenue II LLC
  New York   23-2796295**
5-01 — 5-17 48th Avenue LLC
  New York   23-2796295**
51 N. 8th Street GC II LLC
  New York   23-2796304**
51 N. 8th Street GC LLC
  New York   23-2796304**
51 N. 8th Street I LLC
  New York   23-2709097**
60 Industrial Parkway Cheektowaga, LLC
  New York   23-2796640**
700 Grove Street Urban Renewal, LLC
  New Jersey   20-0215496**
Arbor Hills Development LLC
  Michigan   20-1501161**
Arthur’s Woods, LLC
  Maryland   23-2963546**
Arundel Preserve #6, LLC
  Maryland   20-2101938**
Arundel Preserve #10a, LLC
  Maryland   20-2101938**
Belmont Country Club I LLC
  Virginia   23-2810333**
Belmont Country Club II LLC
  Virginia   23-2810333**
Big Branch Overlook L.L.C.
  Maryland   23-2978195**
Block 255 LLC
  New Jersey   20-1466751**
Brier Creek Country Club I LLC
  North Carolina   23-2954264**
Brier Creek Country Club II LLC
  North Carolina   23-2954264**
C.B.A.Z. Construction Company LLC
  Arizona   51-0385729**
C.B.A.Z. Holding Company LLC
  Delaware   51-0385729
Colonial 40 I, LLC
  Florida   20-2862720**
Colonial 40 II, LLC
  Florida   20-2862720**
Component Systems I LLC
  Delaware   23-2417123**
Component Systems II LLC
  Delaware   23-2417123**
Creeks Farm L.L.C.
  Maryland   23-2978195**
CWG Construction Company LLC
  New Jersey   20-1104737

 


 

         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
Dominion Valley Country Club I LLC
  Virginia   23-2984309**
Dominion Valley Country Club II LLC
  Virginia   23-2984309**
Feys Property LLC
  Maryland   23-2978195**
First Brandywine LLC I
  Delaware   23-2731790**
First Brandywine LLC II
  Delaware   23-2731790**
First Brandywine LLC III
  Delaware   61-1443340**
First Brandywine LLC IV
  Delaware   61-1443340**
Frenchman’s Reserve Realty, LLC
  Florida   23-2417123**
Golf I Country Club Estates at Moorpark LLC
  California   23-2963547**
Golf II Country Club Estates at Moorpark LLC
  California   23-2963547**
Hawthorn Woods Country Club II LLC
  Illinois   75-2985312**
High Pointe at Hopewell, LLC
  New Jersey   23-3098583**
Hoboken Cove LLC
  New Jersey   20-1466751**
Hoboken Land I LLC
  Delaware   20-1466751**
Hunts Bluff LLC
  Maryland   23-2978195**
Jacksonville TBI Realty LLC
  Florida   23-2417123**
Lighthouse Point Land Company, LLC
  Florida   20-0135814
Long Meadows TBI, LLC
  Maryland   23-3044366**
Longmeadow Properties LLC
  Maryland   23-3044366**
Martinsburg Ventures, L.L.C.
  Virginia   23-2865738**
Mizner Realty, L.L.C.
  Florida   23-2417123**
Naples Lakes Country Club, L.L.C.
  Florida   23-2883354**
Naples TBI Realty, LLC
  Florida   23-2417123**
Orlando TBI Realty LLC
  Florida   23-2417123**
Palm Cove Golf & Yacht Club I LLC
  Florida   23-3007073**
Palm Cove Golf & Yacht Club II LLC
  Florida   23-3007073**
Palm Cove Marina I LLC
  Florida   23-3007073**
Palm Cove Marina II LLC
  Florida   23-3007073**
Paramount Village LLC
  California   23-2748091**
Phillips Drive LLC
  Maryland   23-3044366**
Prince William Land I LLC
  Virginia   23-2774670**
Prince William Land II LLC
  Virginia   23-2774670**
Regency at Denville LLC
  New Jersey   23-2810344**
Regency at Dominion Valley LLC
  Virginia   23-2984309**
Regency at Long Valley I LLC
  New Jersey   23-3038827**
Regency at Long Valley II LLC
  New Jersey   23-3038827**
Regency at Mansfield I LLC
  New Jersey   23-3038827**
Regency at Mansfield II LLC
  New Jersey   23-3038827**
Regency at Washington I LLC
  New Jersey   23-3098583**
Regency at Washington II LLC
  New Jersey   23-3098583**
Sapling Ridge, LLC
  Maryland   23-2978195**
South Riding Realty LLC
  Virginia   23-2861890**
SR Amberlea LLC
  Virginia   20-0383954**
SRLP II LLC
  Virginia   23-2994639
Tampa TBI Realty LLC
  Florida   23-2417123**
TB Kent Partners LLC
  Delaware   20-3887115**
The Regency Golf Club I LLC
  Virginia   23-2984309**
The Regency Golf Club II LLC
  Virginia   23-2984309**
The Ridges at Belmont Country Club I LLC
  Virginia   23-2810333*
The Ridges at Belmont Country Club II LLC
  Virginia   23-2810333*
Toll Austin TX LLC
  Texas   26-0389752

 


 

         
    State or Other    
    Jurisdiction of   I.R.S. Employer
Exact Name of Registrant   Incorporation or   Identification
as Specified in its Charter   Organization   Number
 
       
Toll Cedar Hunt LLC
  Virginia   23-2994369**
Toll CO I LLC
  Colorado   23-2978294**
Toll Corners LLC
  Delaware   23-2709099**
Toll Dallas TX LLC
  Texas   26-0389704
Toll DE X, LLC
  Delaware   82-0571193
Toll DE X II, LLC
  Delaware   20-1220599
Toll EB, LLC
  Delaware   23-2810344**
Toll Equipment, L.L.C.
  Delaware   23-2417123**
Toll FL I, LLC
  Florida   23-3007073
Toll Glastonbury LLC
  Connecticut   23-3041974**
Toll Henderson LLC
  Nevada   56-2489922**
Toll Hoboken LLC
  Delaware   20-0465460**
Toll IN LLC
  Indiana   23-2417123**
Toll Jupiter LLC
  Florida   20-3368529
Toll Locust Hill LLC
  Maryland   20-3675884**
Toll MD I, L.L.C.
  Maryland   23-2737488**
Toll MD II LLC
  Maryland   23-2740412**
Toll Morgan Street LLC
  Delaware   20-5088496**
Toll NJ I, L.L.C.
  New Jersey   23-3091620**
Toll NJ II, L.L.C.
  New Jersey   23-3091620**
Toll NJ III, LLC
  New Jersey   23-2417123**
Toll North LV LLC
  Nevada   56-2489922**
Toll North Reno LLC
  Nevada   56-2489922**
Toll NV Holdings LLC
  Nevada   56-2489922**
Toll Realty L.L.C.
  Florida   23-2417123**
Toll Reston Associates, L.L.C.
  Delaware   23-2551790**
Toll San Antonio TX LLC
  Texas   20-4888966
Toll South LV LLC
  Nevada   56-2489922**
Toll South Reno LLC
  Nevada   56-2489922**
Toll Stratford LLC
  Virginia   20-3116806
Toll VA L.L.C.
  Delaware   51-0385728
Toll VA III L.L.C.
  Virginia   23-2417123**
Toll Van Wyck, LLC
  New York   23-2796637**
Toll Vanderbilt I LLC
  Rhode Island   23-3020194**
Toll Vanderbilt II LLC
  Rhode Island   51-1195217**
Toll-Dublin, LLC
  California   23-3070669**
Vanderbilt Capital LLC
  Rhode Island   56-2421664
Virginia Construction Co. I, LLC
  Virginia   23-2417123**
Virginia Construction Co. II, LLC
  Virginia   23-2417123**
 
**   Uses Employer Identification Number used by its sole member.

 


 

PROSPECTUS
[graphic omitted]
TOLL BROTHERS, INC.
Common Stock
Preferred Stock
Warrants
Guarantees of Debt Securities
TOLL CORP.
FIRST HUNTINGDON FINANCE CORP.
TOLL BROTHERS FINANCE CORP.
TOLL FINANCE CORP.
Debt Securities
          Toll Brothers, Inc. may offer and sell any combination of the following securities from time to time:
    common stock;
 
    preferred stock;
 
    warrants to purchase common stock or preferred stock issued by Toll Brothers, Inc. or debt securities issued by Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp.; and
 
    guarantees of debt securities issued by Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp.
     Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. and Toll Finance Corp. may offer debt securities from time to time. If indicated in the relevant prospectus supplement, the debt securities issued by Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. may, in addition to the guarantee of Toll Brothers, Inc., be fully and unconditionally guaranteed by a number of our directly or indirectly wholly-owned subsidiaries. Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. and Toll Finance Corp. are indirect, wholly-owned subsidiaries of Toll Brothers, Inc.
     We may offer these securities from time to time, in amounts, on terms and at prices that will be determined at the time of offering. We will provide specific terms of these securities, including their offering prices, in prospectus supplements to this prospectus. The prospectus supplements may also add, update or change information contained in this prospectus. You should read this prospectus and any prospectus supplement carefully before you invest.
     Toll Brothers, Inc.’s common stock is listed on the New York Stock Exchange under the Symbol “TOL.”
     We may offer these securities to or through underwriters, through dealers or agents, directly to you or through a combination of these methods. You can find additional information about our plan of distribution for the securities under the heading “Plan of Distribution” beginning on page 35 of this prospectus. We will also describe the plan of distribution for any particular offering of these securities in the prospectus supplement. This prospectus may not be used to sell our securities unless it is accompanied by a prospectus supplement.
     You should consider carefully the discussion of risk factors incorporated by reference from our most recent annual report on Form 10-K and our subsequently filed quarterly reports on Form 10-Q that update

 


 

our risk factors disclosure discussed under the caption “Risk Factors” on page 5 of this prospectus before purchasing any securities offered by this prospectus.
     Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or passed on the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.
The date of this prospectus is October 29, 2008.

 


 

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ABOUT THIS PROSPECTUS
          This prospectus is part of a registration statement that we have filed with the Securities and Exchange Commission, or the “SEC,” utilizing a “shelf” registration or continuous offering process. Under this process, we may from time to time sell any combination of the securities described in this prospectus in one or more offerings.
          This prospectus provides you with a general description of the securities we may offer. Each time we offer securities that are registered under this process, we will provide a prospectus supplement that will contain specific information about the terms of that offering. That prospectus supplement may include a description of any risk factors or other special considerations applicable to those securities. The prospectus supplement may also add, update or change information contained in this prospectus. If there is any inconsistency between the information in the prospectus and the prospectus supplement, you should rely on the information in the prospectus supplement. You should read both this prospectus and the prospectus supplement, including the information we have incorporated by reference, together with the additional information described under the heading “Where You Can Find More Information” before you invest.
          You should rely only on the information incorporated by reference or provided in this prospectus and the accompanying prospectus supplement or included elsewhere in the registration statement of which this prospectus is a part. We have not authorized anyone to provide you with different information. We are not making an offer to sell or soliciting an offer to buy these securities in any jurisdiction in which the offer or solicitation is not authorized or in which the person making the offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make the offer or solicitation. You should not assume that the information in this prospectus or the accompanying prospectus supplement is accurate as of any date other than the date on the front of the document.
          Any of the securities described in this prospectus may be convertible or exchangeable into other securities we describe in this prospectus or will describe in a prospectus supplement and may be issued separately, together or as part of a unit consisting of two or more securities, which may or may not be separate from one another. These securities may include new or hybrid securities developed in the future that combine features of any of the securities described in this prospectus.
          Unless otherwise indicated or unless the context requires otherwise, all references in this prospectus to “Toll Brothers,” “the Company,” “we,” “us,” “our” or similar references mean Toll Brothers, Inc. and its subsidiaries, including Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. and Toll Finance Corp., unless the context otherwise requires.
OUR COMPANY
          Toll Brothers, Inc., a Delaware corporation formed in May 1986, began doing business through predecessor entities in 1967. We design, build, market and arrange financing for single-family detached and attached homes in luxury residential communities. We are also involved, directly and through joint ventures, in projects where we are building, or converting existing rental apartment buildings into high-, mid- and low-rise luxury homes. We cater to move-up, empty-nester, active-adult, age-qualified and second-home buyers in 21 states of the United States. In the five years ended October 31, 2007, we delivered 35,931 homes from 618 communities, including 7,023 homes from 385 communities in fiscal 2007. Included in the five-year and fiscal 2007 deliveries are 336 units that were delivered from several communities where we use the percentage of completion accounting method to recognize revenues and cost of revenues.
          Our traditional, single-family communities are generally located on land we have either acquired and developed or acquired fully approved and, in some cases, improved. As of Septemebr 30, 2008, we had operations in the major suburban and urban residential areas of:
    the Philadelphia, Pennsylvania metropolitan area
 
    the Lehigh Valley area of Pennsylvania
 
    central and northern New Jersey
 
    the Virginia and Maryland suburbs of Washington, D.C.
 
    the Baltimore, Maryland metropolitan area

2


 

    the Eastern Shore of Maryland and Delaware
 
    the Richmond, Virginia metropolitan area
 
    the Boston, Massachusetts metropolitan area
 
    the Providence, Rhode Island metropolitan area
 
    Fairfield, Hartford and New Haven Counties, Connecticut
 
    Westchester, Dutchess and Ulster Counties, New York
 
    the boroughs of Manhattan, Brooklyn and Queens in New York City
 
    the Los Angeles, California metropolitan area
 
    the San Francisco Bay, Sacramento and San Jose areas of northern California
 
    the Palm Springs, California area
 
    the Phoenix and Tucson, Arizona metropolitan areas
 
    the Raleigh and Charlotte, North Carolina metropolitan areas
 
    the Dallas, Austin and San Antonio, Texas metropolitan areas
 
    the southeast and southwest coasts and the Jacksonville, Orlando and Tampa areas of Florida
 
    the Atlanta, Georgia metropolitan area
 
    the Las Vegas and Reno, Nevada metropolitan areas
 
    the Detroit, Michigan metropolitan area
 
    the Chicago, Illinois metropolitan area
 
    the Denver, Colorado metropolitan area
 
    the Hilton Head area of South Carolina
 
    the Minneapolis/St. Paul, Minnesota metropolitan area
 
    the Martinsburg, West Virginia area
          We continue to explore additional geographic areas for expansion.
          We operate our own land development, architectural, engineering, mortgage, title, landscaping, lumber distribution, house component assembly, and manufacturing functions. We also develop, own and operate golf courses and country clubs associated with several of our master planned communities.
          In recognition of our achievements, we have received numerous awards from national, state and local home builder publications and associations. We are the only publicly traded national home builder to have won all three of the industry’s highest honors: America’s Best Builder (1996), the National Housing Quality Award (1995), and Builder of the Year (1988).
          Our executive offices are located at 250 Gibraltar Road, Horsham, Pennsylvania 19044. Our telephone number is (215) 938-8000.
WHERE YOU CAN FIND MORE INFORMATION
          This prospectus is part of a registration statement on Form S-3 that we have filed with the SEC under the Securities Act of 1933 (the “Securities Act”). This prospectus does not contain all of the information set forth in the registration statement. For further information about us, you should refer to the registration statement. The information included or incorporated by reference in this prospectus summarizes material provisions of contracts and other documents to which we refer you. Since the information included or incorporated by reference in this prospectus may not contain all of the information that you may find important, you should review the full text of the documents to which we refer you. We have filed these documents as exhibits to our registration statement.
          We are subject to the informational requirements of the Securities Exchange Act of 1934 (the “Exchange Act”). In accordance with those requirements, we file annual, quarterly and special reports, proxy statements and other information with the SEC. You can read and copy any document we file with the SEC at the SEC’s public reference room at the following location:
100 F Street, N.E.
Washington, D.C. 20549

3


 

          You may obtain information on the operation of the SEC’s public reference room by calling the SEC at 1-800-SEC-0330. Our SEC filings are also available to the public from the SEC’s Internet website at http://www.sec.gov. We also make available free of charge on our website, at http://www.tollbrothers.com, all materials that we file electronically with the SEC, including our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to these reports, as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC. In addition, our common stock is listed on the New York Stock Exchange (“NYSE”) and similar information concerning us can be inspected and copied at the NYSE, 11 Wall Street, New York, New York 10005.
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
          The SEC allows us to “incorporate by reference” into this prospectus the information we file with it. This means that we are permitted to disclose important information to you by referring you to other documents we have filed with the SEC. We incorporate by reference in two ways. First, we list certain documents that we have filed with the SEC. The information in these documents is considered part of this prospectus. Second, we expect to file additional documents with the SEC in the future that will, when filed, update the current information included in or incorporated by reference in this prospectus. You should consider any statement contained in this prospectus or in a document which is incorporated by reference into this prospectus to be modified or superseded to the extent that the statement is modified or superseded by another statement contained in a later dated document that constitutes a part of this prospectus or is incorporated by reference into this prospectus. You should consider any statement which is so modified or superseded to be a part of this prospectus only as so modified or superseded.
          We incorporate by reference in this prospectus all the documents listed below and any filings we make with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus (excluding, in each case, any portion of such documents that may have been “furnished” but not “filed” for purposes of the Exchange Act):
    Annual Report on Form 10-K of Toll Brothers, Inc. filed with the SEC for the fiscal year ended October 31, 2007;
 
    Quarterly Reports on Form 10-Q of Toll Brothers, Inc. filed with the SEC for the quarters ended January 31, 2008, April 30, 2008 and July 31, 2008;
 
    Current Reports on Form 8-K of Toll Brothers, Inc. filed with the SEC on December 17, 2007, December 19, 2007, December 28, 2007, February 7, 2008, March 18, 2008, and June 13, 2008;
 
    The description of the common stock of Toll Brothers, Inc. contained in its registration statement filed with the SEC on a Form 8-A dated June 19, 1986 registering the common stock under Section 12 of the Securities Exchange Act of 1934, and any amendment or report filed to update the description; and
 
    The description of preferred stock purchase rights contained in the registration statement of Toll Brothers, Inc. filed with the SEC on June 18, 2007 on Form 8-K, and any amendment or report filed to update the description.
          We will deliver, without charge, to anyone receiving this prospectus, upon written or oral request, a copy of any document incorporated by reference in this prospectus but not delivered with this prospectus, but the exhibits to those documents will not be delivered unless they have been specifically incorporated by reference. Requests for these documents should be made to: Director of Investor Relations, Toll Brothers, Inc., 250 Gibraltar Road, Horsham PA 19044 (215) 938-8000. We will also make available to the holders of the securities offered by this prospectus annual reports which will include audited financial statements of Toll Brothers, Inc. and its consolidated subsidiaries, including Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. and Toll Finance Corp. We do not expect that Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. will be required to make filings with the Commission under Section 15(d) of the Exchange Act.

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RISK FACTORS
          Our business is subject to certain uncertainties and risks. You should consider carefully and evaluate all of the information contained or incorporated by reference in this prospectus or a supplement to this prospectus, including the risk factors incorporated by reference from our most recent annual report on Form 10-K and the subsequently filed quarterly reports on Form 10-Q that update those risk factors before purchasing any securities offered in connection with this prospectus. It is possible that our business, financial condition, liquidity or results of operations could be materially adversely affected by any of these risks.
FORWARD-LOOKING STATEMENTS
          This prospectus, the accompanying prospectus supplement and the documents incorporated by reference into this prospectus contain or may contain forward-looking statements within the meaning of Section 27A of the Securities Act. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They contain words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “may,” “can,” “could,” “might,” “should” and other words or phrases of similar meaning in connection with any discussion of future operating or financial performance. The statements may include information relating to anticipated operating results (including changes in revenues, profitability and operating margins), financial resources, interest expense, inventory write-downs, changes in accounting treatment, effects of homebuyer cancellations, growth and expansion, anticipated income or loss to be realized from our investments in unconsolidated entities, the ability to acquire land, the ability to gain approvals and to open new communities, the ability to sell homes and properties, the ability to deliver homes from backlog, the ability to secure materials and subcontractors, the ability to produce the liquidity and capital necessary to expand and take advantage of opportunities in the future, industry trends, and stock market valuations.
          Any or all of the forward-looking statements included in this prospectus, the accompanying prospectus supplement and the documents incorporated by reference into this prospectus are not guarantees of future performance and may turn out to be inaccurate. This can occur as a result of incorrect assumptions or as a consequence of known or unknown risks and uncertainties. These risks and uncertainties include local, regional and national economic conditions, the demand for homes, domestic and international political events, uncertainties created by terrorist attacks, the effects of governmental regulation, the competitive environment in which we operate, fluctuations in interest rates, changes in home prices and sales activity in the markets where we build homes, the availability and cost of land for future growth, adverse market conditions that could result in substantial inventory write-downs, the availability of capital, uncertainties and fluctuations in capital and securities markets, changes in tax laws and their interpretation, legal proceedings, the availability of adequate insurance at reasonable cost, the ability of customers to obtain adequate and affordable financing for the purchase of homes, the ability of home buyers to sell their existing homes, the ability of the participants in our various joint ventures to honor their commitments, the availability and cost of labor and building and construction materials, the cost of oil, gas and other raw materials, construction delays and weather conditions.
          The factors mentioned in this prospectus, the accompanying prospectus supplement and the documents incorporated by reference into this prospectus will be important in determining our future performance. Consequently, actual results may differ materially from those that might be anticipated from our forward-looking statements. If one or more of the assumptions underlying our forward-looking statements proves incorrect, then our actual results, performance or achievements could differ materially from those expressed in, or implied by the forward-looking statements. Therefore, we caution you not to place undue reliance on our forward-looking statements. This statement is provided as permitted by the Private Securities Litigation Reform Act of 1995.
          Forward-looking statements speak only as of the date they are made. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. However, any further disclosures made on related subjects in our subsequent reports on Forms 10-K, 10-Q and 8-K should be consulted.

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USE OF PROCEEDS
          We intend to use the net proceeds from the sale of the securities offered by this prospectus for general corporate purposes, which may include the acquisition of residential development properties, the repayment of our outstanding indebtedness, working capital or for any other purposes as may be described in the accompanying prospectus supplement.
RATIO OF EARNINGS TO FIXED CHARGES
          The following table shows our ratio of earnings to fixed charges for the periods indicated:
                                                         
    Twelve months ended October 31,   Nine months ended July 31,
    2003   2004   2005   2006   2007   2007   2008
Ratio of earnings to fixed charges
    4.48       6.37       7.78       8.55       1.26       2.56       (a )
 
(a)   We reported a loss for the nine-month period ended July 31, 2008 and the ratio of earnings to fixed charges is not calculable.
          There was no preferred stock outstanding for any of the periods shown above. Accordingly, the ratio earnings to combined fixed charges and preferred stock dividends was identical to the ratio of earnings to fixed charges.
DESCRIPTION OF CAPITAL STOCK
          As of September 30, 2008, our authorized capital stock consisted of 200,000,000 shares of common stock, $.01 par value per share, and 1,000,000 shares of preferred stock, $.01 par value per share; however, subject to the limitations and procedures described below, our stockholders have authorized increases in the respective numbers of shares of common stock and preferred stock. In March 2005, our stockholders authorized the filing by the Board of Directors, in its discretion, of one or more amendments to our Certificate of Incorporation from time to time on or before March 31, 2010 to increase: (a) the authorized common stock by up to 300,000,000 additional shares in any combination of one or more 10,000,000-share increments, and/or (b) the authorized preferred stock by a single increment of 14,000,000 additional shares. Prior to the stockholder authorization, the Board of Directors of Toll Brothers, Inc. (“Board of Directors”) resolved to not, without the prior approval of our stockholders, utilize more than 200,000,000 of the 300,000,000 shares of the proposed increase in authorized common stock for any purpose other than stock splits, stock dividends or similar stock distributions to stockholders. On June 16, 2005, the Board of Directors filed an amendment to our Certificate of Incorporation, in accordance with this stockholder authorization, which amendment increased the number of authorized shares of common stock from 100,000,000 to 200,000,000. If additional amendments increasing our authorized capital stock to the maximum limits authorized by the stockholders are filed by March 31, 2010, our authorized common stock will be increased to 400,000,000 shares and our authorized preferred stock will be increased to 15,000,000 shares. The procedure was approved by stockholders to permit us to avoid an immediate increase in the amount of annual Delaware corporate franchise tax that we are required to pay, while giving the Board of Directors the flexibility to quickly increase the authorized shares of common or preferred stock without the necessity of further action by the stockholders when additional authorized shares are needed.
Common Stock
          Subject to the rights and preferences of any holders of our preferred stock, of which there were none as of September 30, 2008, the holders of our common stock are entitled to one vote per share on all matters that require a vote of the common stockholders. In addition, the holders of our common stock are entitled to receive such dividends as legally may be declared by the Board of Directors and to receive pro rata our net assets upon liquidation. There are no cumulative voting, preemptive, conversion or redemption rights applicable to our common stock. All outstanding shares of common stock are fully paid and non-assessable.

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          Except as otherwise specifically provided by law or as set forth in “Anti-Takeover Effects of our Certificate of Incorporation, our Bylaws, our Rights Plan and Delaware Law—Classified Board of Directors and Restrictions On Removal” below, all matters coming before a meeting of stockholders other than election of Directors are determined by a majority of the votes cast affirmatively or negatively. Directors are elected by a plurality of the votes cast.
          On June 13, 2007, the Board of Directors adopted a Rights Agreement which established a Stockholder Rights Plan. This Stockholder Rights Plan provides for one right to attach to each share of our common stock. Upon the occurrence of certain events, each right entitles the registered holder to purchase from us a unit consisting of one ten-thousandth of a share of Series A Junior Participating Preferred Stock at a purchase price of $100 per unit. Initially the rights attach to all common stock certificates and no separate rights certificates will be distributed. The rights will separate from the common stock and a distribution date will occur upon the earlier of:
    10 days following a public announcement that a person or group of affiliated persons has acquired beneficial ownership of 15% or more of the outstanding shares of our common stock (the “Stock Acquisition Date”); or
 
    10 business days following the commencement of a tender offer that would result in a person or group beneficially owning 15% or more of the outstanding shares of our common stock.
          The rights are not exercisable until the distribution date and will expire at the close of business on July 11, 2017. In the event any non-exempt person or group acquires 15% or more of the then outstanding shares of our common stock, unless the acquisition is made pursuant to a tender offer for all outstanding shares at a price determined by a majority of the members of the Board of Directors, excluding any members of the Board of Directors who are also officers of the Company, to be fair and otherwise in our best interests and the best interests of our stockholders, each holder of a right will have the right to receive, upon exercise, common stock having a value equal to two times the exercise price of the right; except that the rights held by a non-exempt person or group become null and void upon that person or group acquiring 15% or more of the then outstanding shares of our common stock. At any time until 10 days following the Stock Acquisition Date, we may redeem the rights at a price of $.001 per right. The Rights Agreement establishing the Stockholder Rights Plan was filed with the SEC on June 18, 2007 as an exhibit to a Current Report on Form 8-K. For additional information, holders of the common stock of Toll Brothers, Inc. should read the Rights Agreement, which is incorporated by reference in this prospectus.
          Our common stock is traded on the NYSE under the symbol “TOL.”
          The registrar and transfer agent for our common stock is American Stock Transfer & Trust Company, LLC.
Preferred Stock
          General. We may issue, from time to time, shares of one or more series of preferred stock. Summarized below are the general terms and provisions that will apply to any preferred stock that may be offered, except as otherwise described by the prospectus supplement. When we offer to sell a particular series of preferred stock, a prospectus supplement will update our description of our preferred stock, as applicable, to reflect the issuance of any then issued and outstanding series and describe the specific terms of the series of preferred stock being offered. If any of the general terms and provisions described in this prospectus apply to the particular series of preferred stock, the prospectus supplement will so indicate and will describe any alternative provisions that are applicable. Each series of preferred stock will be issued under a certificate of designations relating to that series, and will also be subject to our Second Restated Certificate of Incorporation, as may be amended from time to time (“Certificate of Incorporation”).
          The following summary of various provisions of the preferred stock is not complete. You should read our Certificate of Incorporation and each certificate of designations relating to a specific series of preferred stock for additional information. Each certificate of designations relating to a specific series of preferred stock will be filed as an amendment to the registration statement or as an exhibit to a document incorporated by reference in the registration statement of which this prospectus is a part at the time of issuance of the particular series of preferred stock.
          The Board of Directors is authorized to issue shares of preferred stock, in one or more series, and to fix for each series voting powers and the preferences and relative, participating, optional or other special rights and the qualifications, limitations or restrictions, that are permitted by the Delaware General Corporation Law. The Board of Directors is authorized to determine the following terms for each series of preferred stock, which will be described in the prospectus supplement:

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    the number of shares and their designation and title;
 
    the dividend rate or the method of calculating the dividend rate, if applicable;
 
    the priority as to payment of dividends;
 
    the dividend periods or the method of calculating the dividend periods, if applicable;
 
    the voting rights, if any;
 
    the liquidation preference and the priority as to payment of the liquidation preference upon our liquidation or winding-up;
 
    whether and on what terms the shares will be subject to redemption or repurchase at our option;
 
    whether and on what terms the shares will be convertible into or exchangeable for other debt or equity securities;
 
    whether the shares will be listed on a securities exchange; and
 
    the other rights and privileges and any qualifications, limitations or restrictions relating to the shares.
          Dividends. Holders of a series of preferred stock will be entitled to the dividend rights, if any, described in the prospectus supplement relating to the offering of that series. The prospectus supplement will identify, as applicable, the dividend rates and the record and payment dates, as well as any other terms of any dividend rights applicable to the series.
          Unless otherwise described in the prospectus supplement, each series of preferred stock to which dividend rights are given will rank junior with respect to dividends to any series of preferred stock that may be issued in the future that is expressly senior with respect to dividends to the earlier series of the preferred stock. If at any time we fail to pay accrued dividends on any senior series of preferred stock at the time dividends are payable on a junior series of preferred stock, we may not pay any dividend on the junior series of preferred stock or redeem or otherwise repurchase shares of the junior series of preferred stock until the accumulated but unpaid dividends on the senior series have been paid or set aside for payment in full by us.
          Convertibility. No series of preferred stock will be convertible or exchangeable for other securities or property, except, in the case of any series, to the extent conversion or exchange rights of that series are otherwise stated in the prospectus supplement.
          Redemption and Sinking Fund. We will not have the right or obligation to redeem or pay into a sinking fund for the benefit of any series of preferred stock, except, in the case of any series, to the extent such rights or obligations are otherwise stated in the prospectus supplement.
          Liquidation Rights. Unless otherwise stated in the prospectus supplement, in the event of our liquidation, dissolution or winding-up, holders of each series of preferred stock will be entitled to receive the liquidation preference per share specified in the prospectus supplement for that particular series of preferred stock plus any accrued and unpaid dividends. We will pay these amounts to the holders of each series of the preferred stock and all amounts owing on any preferred stock ranking equally with that series of preferred stock as to distributions. These payments will be made out of our assets available for distribution to stockholders before any distribution is made to holders of common stock or any other shares of our preferred stock ranking junior to the series of preferred stock as to rights upon liquidation, dissolution or winding-up.
          In the event that there are insufficient funds to pay in full the amounts payable to all equally-ranked classes of our preferred stock, we will allocate the remaining assets equally among all series of equally-ranked preferred stock in proportion to the full respective preferential amounts to which they are entitled. Unless otherwise specified in the prospectus supplement for a series of preferred stock, after we pay the full amount of the liquidation distribution to which they are entitled, the holders of shares of a series of preferred stock will not be entitled to participate in any further distribution of our assets. Our consideration or merger with another corporation or sale of securities will not be considered a liquidation, dissolution or winding-up for these purposes.

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          Voting Rights. Holders of a series of preferred stock will not have any voting rights other than any such rights that are described in the prospectus supplement relating to the offering of that series and any such rights as are otherwise from time to time required by law.
          Miscellaneous. When the preferred stock is issued, it will be fully paid and non-assessable. Holders of preferred stock will have no preemptive rights. If we redeem or otherwise reacquire any shares of preferred stock, we will restore the shares to the status of authorized and unissued shares of preferred stock. These shares will not be a part of any particular series of preferred stock and we may reissue the shares. There are no restrictions on repurchase or redemption of the preferred stock on account of any arrearage on sinking fund installments, except as may be described in the prospectus supplement. Payment of dividends on any series of preferred stock may be restricted by loan agreements, indentures or other agreements entered into by us. The prospectus supplement will describe any material contractual restrictions on dividend payments. The prospectus supplement will also describe any material United States federal income tax considerations applicable to the preferred stock.
          No Other Rights. The shares of a series of preferred stock will not have any preferences, voting powers or relative, participating, optional or other special rights except for those described above or in the prospectus supplement, our Certificate of Incorporation or the applicable certificate of designations, or as otherwise required by law.
          Transfer Agent and Registrar. The prospectus supplement for each series of preferred stock will identify the transfer agent and registrar.
Anti-Takeover Effects of our Certificate of Incorporation, our Bylaws, our Rights Plan and Delaware Law
          Blank Check Preferred Stock. Our Certificate of Incorporation provides for 1,000,000 authorized shares of preferred stock, which may be increased by the Board of Directors to 15,000,000. See “Description of Capital Stock.” The existence of authorized but unissued shares of preferred stock may enable the board of directors to render more difficult or to discourage an attempt to obtain control of the Company by means of a merger, tender offer, proxy contest or otherwise. For example, if in the due exercise of its fiduciary obligations, the Board of Directors were to determine that a takeover proposal is not in the best interests of the Company, the Board of Directors could cause shares of preferred stock to be issued without stockholder approval in one or more private offerings or other transactions that might dilute the voting or other rights of the proposed acquiror or insurgent stockholder or stockholder group. In this regard, the Certificate of Incorporation grants our Board of Directors broad power to establish the rights and preferences of authorized and unissued shares of preferred stock. The issuance of shares of preferred stock could decrease the amount of earnings and assets available for distribution to holders of shares of common stock and may make it more difficult to change the composition of our Board of Directors and may discourage or make difficult any attempt by a person or group to obtain control of us.
          Classified Board of Directors and Restrictions On Removal. Under our Certificate of Incorporation, the Board of Directors is divided into three classes of directors serving staggered terms of three years each. Each class is to be as nearly equal in number as possible, with one class being elected each year. Our Certificate of Incorporation also provides that:
    directors may be removed from office only for cause and only with the affirmative vote of 66 2/3% of the voting power of the voting stock;
 
    any vacancy on the Board of Directors or any newly created directorship will be filled by the remaining directors then in office, though they may constitute less than a quorum; and
 
    advance notice of stockholder nominations for the elections of directors must be given in the manner provided by our bylaws.
          The required 66 2/3% stockholder vote necessary to alter, amend or repeal these provisions of our Certificate of Incorporation and all other provisions of our bylaws adopted by the Board of Directors, or to adopt any provisions relating to the classification of the Board of Directors and the other matters described above may make it more difficult to change the composition of our Board of Directors and may discourage or make difficult any attempt by a person or group to obtain control of us.

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          Provisions of Rights Plan. As discussed under “Description of Capital Stock—Common Stock,” we have adopted a Rights Agreement that provides stockholders with rights to purchase shares of our Series A Junior Participating Preferred Stock under certain circumstances involving a potential change in control. The rights have certain anti-takeover effects, and will cause substantial dilution to a person or group that attempts to acquire the Company in certain circumstances. Accordingly, the existence of the rights may deter certain acquirors from making takeover proposals or tender offers. The rights, however, are not intended to prevent a takeover, but rather are designed to enhance the ability of the Board of Directors to negotiate with a potential acquiror on behalf of all of the stockholders.
          Delaware Anti-Takeover Statute. We are subject to Section 203 of the Delaware General Corporation Law, which, subject to certain exceptions, prohibits a Delaware corporation from engaging in any business combination with any interested stockholder for a period of three years following the date that such stockholder became an interested stockholder, unless (a) prior to such date, the board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder, (b) upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding (but not the outstanding voting stock owned by the interested stockholder) those shares owned (i) by persons who are directors and also officers and (ii) by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer or (c) at or subsequent to such time the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock that is not owned by the interested stockholder. The application of Section 203 of the Delaware General Corporation Law may discourage or make difficult any attempt by a person or group to obtain control of us.
          Section 203 of the Delaware General Corporation Law defines the term “business combination” to include: (a) any merger or consolidation involving the corporation or any of its direct or indirect majority-owned subsidiaries and the interested stockholder or another entity if the merger or consolidation is caused by the interested stockholder; (b) any sale, lease, exchange, mortgage, pledge or transfer of 10% or more of either the aggregate market value of all of the assets of the corporation determined on a consolidated basis or the aggregate market value of all the outstanding stock of the corporation or any of its direct or indirect majority-owned subsidiaries involving the interested stockholder; (c) subject to certain exceptions, any transaction that results in the issuance or transfer by the corporation or by any of its direct or indirect majority-owned subsidiaries of any stock of the corporation or that subsidiary to the interested stockholder; (d) subject to certain exceptions, any transaction involving the corporation or any of its direct or indirect majority-owned subsidiaries that has the effect of increasing the proportionate share of the stock of any class or series of the corporation or that subsidiary owned by the interested stockholder; or (e) the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation or any of its direct or indirect majority-owned subsidiaries. In general, Section 203 defines an “interested stockholder” as any entity or person owning 15% or more of the outstanding voting stock of the corporation and any entity or person affiliated with or controlling or controlled by such entity or person.

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DESCRIPTION OF WARRANTS
General
          We may issue, together with other securities offered by this prospectus or separately, warrants for the purchase of the following:
    our common stock
 
    our preferred stock; or
 
    our debt securities.
          Each series of warrants will be issued under a separate warrant agreement to be entered into between us and a bank or trust company, as warrant agent. The terms of each warrant agreement will be discussed in the prospectus supplement relating to the particular series of warrants. Copies of the form of agreement for each warrant, including the forms of certificates representing the warrants, reflecting the provisions to be included in these agreements for a particular offering will be, in each case, filed with the SEC in an amendment to the registration statement or as an exhibit to a document incorporated by reference in the registration statement of which this prospectus is a part prior to the date of any prospectus supplement relating to an offering of the particular warrant.
          We have summarized below the general terms and provisions that will apply to any warrants that may be offered, except as otherwise described by the prospectus supplement. When we offer to sell warrants, a prospectus supplement will describe the specific terms of that series of warrants. If any of the general terms and provisions described in this prospectus do not apply to the particular series of warrants being offered the prospectus supplement will so indicate and will describe any alternative provisions that are applicable. The following summary of various provisions of the warrants, the warrant agreements and the warrant certificates is not complete. You should read all of the provisions of the applicable warrant agreement and warrant certificate, including the definitions contained in those documents of various terms, for additional important information concerning any series of warrants offered by this prospectus.
Common Stock Warrants
          General. The prospectus supplement relating to any series of common stock warrants that are offered by this prospectus will describe the specific terms of that series of common stock warrants, any related common stock warrant agreement and the common stock warrant certificate(s) representing the common stock warrants. The prospectus supplement will describe, among other things, the following terms, to the extent they are applicable to that series of common stock warrants:
    the procedures and conditions relating to the exercise of the common stock warrants;
 
    the number of shares of common stock, if any, issued with the common stock warrants;
 
    the date, if any, on and after which the common stock warrants and any related shares of common stock will be separately transferable;
 
    the offering price, if any, of the common stock warrants;
 
    the number of shares of common stock which may be purchased upon exercise of the common stock warrants and the price or prices at which the shares may be purchased upon exercise;
 
    the date on which the right to exercise the common stock warrants will begin and the date on which the right will expire;
 
    a discussion of the material United States federal income tax considerations applicable to the exercise of the common stock warrants;
 
    call provisions, if any, of the common stock warrants; and
 
    any other material terms of the common stock warrants.

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          Common stock warrant certificates will be exchangeable for new common stock warrant certificates of different denominations. In addition, common stock warrants may be exercised at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement. A holder of a common stock warrant will not have any of the rights of a holder of the common stock which may be purchased by the exercise of the common stock warrant before the common stock is purchased by the exercise of the common stock warrant. Accordingly, before a common stock warrant is exercised, the holder will not be entitled to receive any dividend payments or exercise any voting or other rights associated with the shares of common stock which may be purchased when the common stock warrant is exercised.
          Exercise of Common Stock Warrants. Each common stock warrant will entitle the holder to purchase for cash the number of shares of our common stock at the exercise price that is described or explained in the prospectus supplement. Common stock warrants may be exercised at any time from the time they become exercisable, as described in the prospectus supplement, up to the time on the date stated in the prospectus supplement. Afterwards, unexercised common stock warrants will become void.
          Common stock warrants may be exercised in the manner described in the prospectus supplement. When we receive payment and the properly completed and duly executed common stock warrant certificate at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement, we will, as soon as practicable, forward a certificate representing the number of shares of common stock purchased upon exercise of the common stock warrants. If less than all of the common stock warrants represented by the common stock warrant certificate are exercised, we will issue a new common stock warrant certificate for the amount of common stock warrants that remain exercisable.
Preferred Stock Warrants
          General. The prospectus supplement relating to any series of preferred stock warrants that are offered by this prospectus will describe the specific terms of that series of preferred stock warrants, any related preferred stock warrant agreement and the preferred stock warrant certificate(s) representing the preferred stock warrants. The prospectus supplement will describe, among other things, the following terms, to the extent they are applicable to that series of preferred stock warrants:
    the designation and terms of the shares of preferred stock which may be purchased upon exercise of the preferred stock warrants and the procedures and conditions relating to the exercise of the preferred stock warrants;
 
    the designation and terms of any related shares of preferred stock with which the preferred stock warrants are issued and the number of shares of the preferred stock, if any, issued with preferred stock warrants;
 
    the date, if any, on and after which the preferred stock warrants and any related shares of preferred stock will be separately transferable;
 
    the offering price, if any, of the preferred stock warrants;
 
    the number of shares of preferred stock which may be purchased upon exercise of the preferred stock warrants and the initial price or prices at which the shares may be purchased upon exercise;
 
    the date on which the right to exercise the preferred stock warrants will begin and the date on which the right will expire;
 
    a discussion of the material United States federal income tax considerations relevant to the exercise of the preferred stock warrants;
 
    call provisions, if any, of the preferred stock warrants; and
 
    any other material terms of the preferred stock warrants.
          Preferred stock warrant certificates will be exchangeable for new preferred stock warrant certificates of different denominations. In addition, preferred stock warrants may be exercised at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement. A holder of a preferred stock warrant will not have any of the rights of a holder of the preferred stock which may be purchased by the exercise of the preferred stock warrant before the preferred stock is purchased by the exercise of the preferred stock warrant. Accordingly, before a

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preferred stock warrant is exercised, the holder will not be entitled to receive any dividend payments or exercise any voting or other rights associated with the preferred stock which may be purchased when the preferred stock warrant is exercised.
          Exercise of Preferred Stock Warrants. Each preferred stock warrant will entitle the holder to purchase for cash the number of shares of our preferred stock at the exercise price described or explained in the prospectus supplement. Preferred stock warrants may be exercised at any time from the time they become exercisable, as described in the prospectus supplement, up to the time on the date stated in the prospectus supplement. Afterwards, unexercised preferred stock warrants will become void.
          Preferred stock warrants may be exercised in the manner described in the prospectus supplement. When we receive payment and the properly completed and duly executed preferred stock warrant certificate at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement, we will, as soon as practicable, forward a certificate representing the number of shares of preferred stock purchased upon exercise of the preferred stock warrants. If less than all of the preferred stock warrants represented by the preferred stock warrant certificate are exercised, we will issue a new preferred stock warrant certificate for the amount of preferred stock warrants that remain exercisable.
Debt Warrants
          General. The prospectus supplement relating to any series of debt warrants that are offered by this prospectus will describe the specific terms of that series of debt warrants, any related debt warrant agreement and the debt warrant certificate(s) representing the debt warrants. The prospectus supplement will describe, among other things, the following terms, to the extent they are applicable to that series of debt warrants:
    the issuer of the debt securities which may be purchased upon exercise of the debt warrants, the designation, number, stated value and terms of those debt securities, the terms of the related guarantees and the procedures and conditions relating to the exercise of the debt warrants;
 
    the designation and terms of any debt securities and related guarantees with which the debt warrants are issued and the number of the debt warrants issued with each debt security;
 
    the date, if any, on and after which the debt warrants and the related debt securities will be separately transferable;
 
    the principal amount of debt securities which may be purchased upon exercise of each debt warrant and the price at which the principal amount of debt securities may be purchased upon exercise of the debt warrant;
 
    the date on which the right to exercise the debt warrants will begin and the date on which the right will expire;
 
    a discussion of the material United States federal income tax considerations relevant to the exercise of the debt warrants;
 
    whether the debt warrants represented by the debt warrant certificates will be issued in registered or bearer form, and, if registered, where they may be transferred and registered;
 
    call provisions, if any, of the debt warrants; and
 
    any other material terms of the debt warrants.
          Debt warrant certificates will be exchangeable for new debt warrant certificates of different denominations. In addition, debt warrants may be exercised at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement. A holder of a debt warrant will not have any of the rights of a holder of the debt securities which may be purchased by the exercise of the debt warrant before the debt securities are purchased by the exercise of the debt warrant. Accordingly, before a debt warrant is exercised, the holder will not be entitled to receive any payments of principal, premium, if any, or interest, if any, on the debt securities which may be purchased by the exercise of that debt warrant.
          Exercise of Debt Warrants. Each debt warrant will entitle the holder to purchase for cash the principal amount of debt securities described in the prospectus supplement at the exercise price described or explained in the prospectus supplement. Debt warrants may be exercised at any time from the time they become exercisable, as described in the

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prospectus supplement, up to the time on the date stated in the prospectus supplement. Afterwards, unexercised debt warrants will become void.
          Debt warrants may be exercised in the manner described in the prospectus supplement. When we receive payment and the properly completed and duly executed debt warrant certificate at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement, we will, as soon as practicable, forward the debt securities purchased upon the exercise of the debt warrants. If less than all of the debt warrants represented by the debt warrant certificate are exercised, we will issue a new debt warrant certificate for the amount of debt warrants that remain exercisable.
DESCRIPTION OF SENIOR DEBT SECURITIES AND GUARANTEES
          Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. and Toll Finance Corp. may issue debt securities from time to time in one or more series. Any series of debt securities offered by Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. will be offered together with the guarantees of Toll Brothers, Inc. and any of its directly or indirectly owned subsidiaries that guarantee the debt securities which, unless otherwise provided in the prospectus supplement, will be full and unconditional.
          One or more series of the debt securities of Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. may be issued under a single indenture. Alternatively, any series of debt securities may be issued under a separate indenture. The terms applicable to each series of debt securities will be stated in the indenture and may be modified by the resolution(s) authorizing that series of debt securities adopted by the board of directors, or an officer or committee of officers authorized by the board of directors, of both the issuer of the debt securities, Toll Brothers, Inc. and any of its directly or indirectly owned subsidiaries that guarantee the debt securities under the applicable indenture. We refer in this prospectus to the resolution(s) authorizing a series of debt securities as an authorizing resolution. Each indenture under which any debt securities are issued, including the applicable authorizing resolution(s), is referred to in this prospectus as an “indenture,” and collectively with any other indentures, as the “indentures.” Each indenture will be entered into among Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp., as the obligor, Toll Brothers, Inc. and/or any of its directly or indirectly owned subsidiaries that are guarantors of the debt securities, as the issuer(s) of the related guarantees, and the institution named in the prospectus supplement, as trustee.
          The following is a description of certain general terms and provisions of the debt securities we may offer by this prospectus. The name of the issuer and the particular terms of any series of debt securities we offer, including the extent to which the general terms and provisions may apply to that series of debt securities, will be described in a prospectus supplement relating to those debt securities. Except as otherwise indicated in this prospectus or in the prospectus supplement, the following description of indenture terms is applicable to, and each reference to “the indenture” is a reference to, each indenture that Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. may enter into with respect to any series of debt securities we may offer by this prospectus, unless the context otherwise requires.
          The terms of any series of the debt securities include those stated in the applicable indenture. Holders of each series of the debt securities are referred to the indenture for that series, including the applicable authorizing resolution, for a statement of the terms. The respective forms of indentures for the debt securities of Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. and Toll Finance Corp. are filed as exhibits to the registration statement of which this prospectus is a part. Each indenture may be amended or modified for any series of debt securities by an authorizing resolution which will be described in the prospectus supplement, and the applicable authorizing resolution relating to any series of debt securities offered pursuant to this prospectus will be filed as an exhibit to a report incorporated by reference in this prospectus. The following summary of certain provisions of the debt securities and the indenture is not complete. You should read all of the provisions of the indenture, including the definitions contained in the indenture which are not otherwise defined in this prospectus, and the prospectus supplement. Wherever we refer to particular provisions or defined terms of the indenture, these provisions or defined terms are incorporated in this prospectus by reference.

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General
          The debt securities, when issued, will be obligations that constitute senior secured debt or senior unsecured debt of Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp., as the case may be. Toll Brothers, Inc. and any of its directly or indirectly owned subsidiaries that guarantee the debt securities will guarantee the payment of the principal, premium, if any, and interest on the debt securities when due, whether at maturity, by declaration of acceleration, call for redemption or otherwise. This guarantee will be full and unconditional unless otherwise provided in the prospectus supplement. See “Guarantee of Debt Securities.” The total principal amount of debt securities which may be issued under the indenture will not be limited. Debt securities may be issued under the indenture from time to time in one or more series. Unless the prospectus supplement relating to the original offering of a particular series of debt securities indicates otherwise, the issuer of that series of debt securities will have the ability to reopen the previous issue of that series of debt securities and issue additional debt securities of that series pursuant to an authorizing resolution, an officers’ certificate or an indenture supplement. Because neither Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. nor Toll Finance Corp. has any independent operations or generates any operating revenues, the funds required to pay the principal, the premium, if any, and interest on the debt securities will come from Toll Brothers, Inc. and its other subsidiaries. Except as otherwise stated in the prospectus supplement, there is no legal or contractual restriction on the ability of Toll Brothers, Inc. or the other subsidiaries of Toll Brothers, Inc. to provide these funds.
          If the debt securities of any series issued by Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. will be subordinated to any other indebtedness of that issuer, the indebtedness of that issuer to which that series will be subordinated will be referred to in the applicable authorizing resolution and prospectus supplement as senior indebtedness of Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp., as the case may be. The applicable authorizing resolution and prospectus supplement will define that senior indebtedness and describe the terms of the subordination. Unless otherwise stated in the prospectus supplement, the payment of principal, premium, if any, and interest on any series of debt securities issued by Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. which is subordinated by its terms to other indebtedness of that issuer will be subordinated in right of payment, in the manner and to the extent described in the indenture under which that series is issued, to the prior payment in full of all senior indebtedness of the issuer, as defined in the applicable authorizing resolution and prospectus supplement, whether the senior indebtedness is outstanding on the date of the indenture or is created, incurred, assumed or guaranteed after the date of the indenture.
          The prospectus supplement relating to any series of debt securities that are offered by this prospectus will name the issuer and describe the specific terms of that series of debt securities. The prospectus supplement will describe, among other things, the following terms, to the extent they are applicable to that series of debt securities:
    their title and, if other than denominations of $1,000 and any integral multiple thereof, the denominations in which they will be issuable;
 
    their price or prices (expressed as a percentage of the respective aggregate principal amount of the debt securities) at which they will be issued;
 
    their total principal amount and, if applicable, the terms on which the principal amount of the series may be increased by a subsequent offering of additional debt securities of the same series;
 
    the interest rate (which may be fixed or variable and which may be zero in the case of certain debt securities issued at an issue price representing a discount from the principal amount payable at maturity), the date or dates from which interest, if any, will accrue and the circumstances, if any, in which the issuer may defer interest payments;
 
    any special provisions for the payment of any additional amounts with respect to the debt securities;
 
    any provisions relating to the seniority or subordination of all or any portion of the indebtedness evidenced by the securities to other indebtedness of the issuer;

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    the date or dates on which principal and premium, if any, are payable or the method of determining those dates;
 
    the dates and times at which interest, if any, will be payable, the record date for any interest payment and the person to whom interest will be payable if other than the person in whose name the debt security is registered at the close of business on the record date for the interest payment;
 
    the place or places where principal, premium, if any, and interest, if any, will be payable;
 
    the terms applicable to any “original issue discount” (as defined in the Internal Revenue Code of 1986, as amended, and the related regulations), including the rate or rates at which the original issue discount will accrue, and any special federal income tax and other considerations;
 
    the right or obligation, if any, of the issuer to redeem or purchase debt securities under any sinking fund or analogous provisions or at the option of a holder of debt securities, or otherwise, the conditions, if any, giving rise to the right or obligation and the period or periods within which, and the price or prices at which and the terms and conditions upon which, debt securities will be redeemed or purchased, in whole or in part, and any provisions for the marketing of the debt securities;
 
    if the amount of payments of principal, premium, if any, and interest, if any, is to be determined by reference to an index, formula or other method, the manner in which these amounts are to be determined and the calculation agent, if any, with respect to the payments;
 
    if other than the principal amount of the debt securities, the portion of the principal amount of the debt securities which will be payable upon declaration or acceleration of the stated maturity of the debt securities pursuant to an “Event of Default,” as defined in the applicable indenture;
 
    whether the debt securities will be issued in registered or bearer form and the terms of these forms;
 
    whether the debt securities will be issued in certificated or book-entry form and, if applicable, the identity of the depositary;
 
    any provision for electronic issuance or issuances in uncertificated form;
 
    any listing of the debt securities on a securities exchange;
 
    any events of default or covenants in addition to or in place of those described in this prospectus;
 
    the terms, if any, on which the debt securities will be convertible into or exchangeable for other debt or equity securities, including without limitation the conversion price, the conversion period and any other provisions in addition to or in place of those included in this prospectus;
 
    the collateral, if any, securing payments with respect to the debt securities and any provisions relating to the collateral;
 
    whether and upon what terms the debt securities may be defeased; and
 
    any other material terms of that series of debt securities.
Guarantee of Debt Securities
          Each Guarantor (as that term is defined in the indenture) will guarantee, fully and unconditionally unless otherwise provided in the prospectus supplement, the payment of the principal, premium, if any, and interest on the debt securities as they become due, whether at maturity, by declaration of acceleration, call for redemption or otherwise. The terms of any guarantees of any debt securities will be described in an applicable prospectus supplement.

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          The assets of Toll Brothers, Inc. consist principally of the stock of its subsidiaries. Therefore, the rights of Toll Brothers, Inc. and the rights of its creditors, including the holders of debt securities fully and unconditionally guaranteed by Toll Brothers, Inc., to participate in the assets of any subsidiary other than the issuer of those debt securities upon liquidation, recapitalization or otherwise will be subject to the prior claims of that subsidiary’s creditors except to the extent that claims of Toll Brothers, Inc. itself as a creditor of the subsidiary may be recognized. This includes the prior claims of the banks that have provided and are providing to First Huntingdon Finance Corp. a revolving credit facility and a term loan under agreements pursuant to which Toll Brothers, Inc. and its other subsidiaries, including Toll Corp., Toll Brothers Finance Corp. and Toll Finance Corp., have guaranteed or will guarantee the obligations owing to the banks under the revolving credit facility and the term loan.
Conversion of Debt Securities
          Unless otherwise indicated in the prospectus supplement, the debt securities will not be convertible into our common stock or into any other securities. The particular terms and conditions of the conversion rights of any series of convertible debt securities other than those described below will be described in the prospectus supplement.
          Unless otherwise indicated in the prospectus supplement, and subject, if applicable, to prior redemption at the option of the issuer of the debt securities, the holders of any series of convertible debt securities will be entitled to convert the principal amount or a portion of the principal amount which is an integral multiple of $1,000 at any time before the date specified in the prospectus supplement for the series of debt securities into shares of our common stock at the conversion price stated in the prospectus supplement, subject to adjustment as described below.
          In the case of any debt security or portion of debt security called for redemption, conversion rights will expire at the close of business on the second business day preceding the redemption date.
          We will not be required to issue fractional shares of common stock upon conversion of the debt securities of a convertible series. Instead, we will pay a cash adjustment for any fractional interest in a share of its common stock.
          Convertible debt securities surrendered for conversion during the period from the close of business on a “Record Date,” as defined in the applicable indenture, or the next preceding “Business Day,” as defined in the applicable indenture, if the Record Date is not a Business Day, preceding any “Interest Payment Date,” as defined in the applicable indenture, to the opening of business on that Interest Payment Date, other than convertible debt securities or portions of convertible debt securities called for redemption during the period, will be accompanied by payment in next-day funds or other funds acceptable to us of an amount equal to the interest payable on the Interest Payment Date on the principal amount of the convertible debt securities then being converted. Except as described in the preceding sentence, no payment or adjustment will be made on conversion of convertible debt securities on account of interest

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accrued on the debt securities surrendered for conversion or for dividends on the common stock delivered on conversion. If an issuer of convertible debt securities defaults on the payment of interest for which payment is made upon the surrender of those convertible debt securities for conversion, the amount so paid will be returned to the party who made the payment.
          The conversion price of the debt securities of a convertible series will be subject to adjustment in certain events, including:
    the issuance of our common stock as a dividend or distribution on our common stock;
 
    the subdivision, combination or reclassification of our outstanding common stock;
 
    the issuance of rights or warrants, expiring within 45 days after the record date for issuance, to the holders of our common stock generally entitling them to acquire shares of our common stock at less than the common stock’s then “Current Market Price” as defined in the indenture;
 
    the distribution to holders of our common stock, generally, of evidences of indebtedness or our assets, excluding cash dividends paid from retained earnings and dividends or distributions payable in stock for which adjustment is otherwise made; or
 
    the distribution to the holders of our common stock, generally, of rights or warrants to subscribe for our securities, other than those for which adjustment is otherwise made.
          There will be no upward adjustment in the conversion price except in the event of a reverse stock split. We are not required to make any adjustment in the conversion price of less than 1%, but the adjustment will be carried forward and taken into account in the computation of any subsequent adjustment.
          A conversion price adjustment or the failure to make a conversion price adjustment may, under various circumstances, be deemed to be a distribution that could be taxable as a dividend under the Internal Revenue Code to holders of debt securities or to holders of common stock.
          There will be no adjustments to the conversion price of the debt securities of any convertible series as discussed above in the following situations:
    any consolidation or merger to which we are a party other than a merger or consolidation in which we are the continuing corporation;
 
    any sale or conveyance to another corporation of our property as an entirety or substantially as an entirety; or
 
    any statutory exchange of securities with another corporation, including any exchange effected in connection with a merger of a third corporation into us.
However, the holder of each convertible debt security outstanding at that time will have the right to convert the debt security into the kind and amount of securities, cash or other property which the holder would have owned or have been entitled to receive immediately after the transaction if the debt security was converted immediately before the effective date of the transaction.
Form, Exchange, Registration, Conversion, Transfer and Payment
          Unless otherwise indicated in the prospectus supplement:
    each series of debt securities will be issued in registered form only, without coupons;
 
    payment of principal, premium, if any, and interest, if any, on each series of the debt securities will be payable at the office or agency of the issuer of that series maintained for this purpose; and

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    the exchange, conversion and transfer of each series of debt securities may be registered at the office or agency of the issuer of that series maintained for this purpose and at any other office or agency maintained for this purpose.
          Subject to various exceptions described in the indenture, the issuer of each series of debt securities will be entitled to charge a reasonable fee for the registration of transfer or exchange of the debt securities of that series, including an amount sufficient to cover any tax or other governmental charge imposed or expenses incurred in connection with the transfer or exchange.
          All payments made by the issuer of a series of debt securities to the trustee and paying agent for the payment of principal, premium, if any, and interest on the debt securities of that series which remain unclaimed for two years after the principal, premium, if any, or interest has become due and payable may be repaid to the issuer. Afterwards, the holder of the debt security may look only to the issuer or, if applicable, Toll Brothers, Inc., and any of its directly or indirectly owned subsidiaries that guarantee the debt securities for payment.
Registered Global Securities
          The registered debt securities of a series may be issued in whole or in part in the form of one or more registered global debt securities. A registered global security is a security, typically held by a depositary, that represents the beneficial interests of a number of purchasers of the security. Any registered global debt securities will be deposited with and registered in the name of a depositary or its nominee identified in the prospectus supplement. In this case, one or more registered global securities will be issued, each in a denomination equal to the portion of the total principal amount of outstanding registered debt securities of the series to be represented by the registered global security.
          Unless and until a registered global security is exchanged in whole or in part for debt securities in definitive registered form, it may not be transferred except as a whole:
    by the depositary for the registered global security to a nominee for the depositary;
 
    by a nominee of the depositary to the depositary or to another nominee of the depositary; or
 
    by the depositary or its nominee to a successor depositary or a nominee of a successor depositary.
          The prospectus supplement relating to a particular series of debt securities will describe the specific terms of the depositary arrangement involving any portion of a series of debt securities to be represented by a registered global security. We anticipate that the following provisions will apply to all depositary arrangements for debt securities:
    ownership of beneficial interests in a registered global security will be limited to persons that have accounts with the depositary for the registered global security (each a “participant” and, collectively, the “participants”) or persons holding interests through the participants;
 
    after the issuer of a series of debt securities issues the registered global security for the series, the depositary will credit, on its book-entry registration and transfer system, the participants’ accounts with the respective principal amounts of the debt securities of that series represented by the registered global security beneficially owned by the participants;
 
    the underwriters, agents or dealers participating in the distribution of the debt securities will designate the accounts to be credited;
 
    only a participant or a person that may hold an interest through a participant may be the beneficial owner of a registered global security; and
 
    ownership of beneficial interests in the registered global security will be shown on, and the transfer of that ownership interest will be effected only through, records maintained by the depositary for the registered

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      global security for interests of the participants, and on the records of the participants for interests of persons holding through the participants.
          The laws of some states may require that specified purchasers of securities take physical delivery of the securities in definitive form. These laws may limit the ability of those persons to own, transfer or pledge beneficial interests in registered global securities.
          So long as the depositary for a registered global security, or its nominee, is the registered owner of the registered global security, the depositary or its nominee, as the case may be, will be considered the sole owner or holder of the debt securities represented by the registered global security for all purposes under the indenture. Except as stated below, owners of beneficial interests in a registered global security:
    will not be entitled to have the debt securities represented by a registered global security registered in their names;
 
    will not receive or be entitled to receive physical delivery of the debt securities in definitive form; and
 
    will not be considered the owners or holders of the debt securities under the indenture.
          Accordingly, each person owning a beneficial interest in a registered global security must rely on the procedures of the depositary for the registered global security and, if the person is not a participant, on the procedures of the participant through which the person owns its interests, to exercise any rights of a holder under the indenture applicable to the registered global security.
          We understand that under existing industry practices, if we request any action of holders, or if an owner of a beneficial interest in a registered global security desires to give or take any action which a holder is entitled to give or take under the indenture, the depositary for the registered global security would authorize the participants holding the relevant beneficial interests to give or take the action, and the participants would authorize beneficial owners owning through the participants to give or take the action or would otherwise act upon the instructions of beneficial owners holding through them.
          Principal, premium, if any, and interest payments on debt securities represented by a registered global security registered in the name of a depositary or its nominee will be made to the depositary or its nominee, as the case may be, as the registered owner of the registered global security. None of the issuer of a series of debt securities, Toll Brothers, Inc., any of Toll Brothers, Inc.’s directly or indirectly owned subsidiaries that guarantee the debt securities, the trustee under the indenture nor any agent of any of them will be responsible or liable for any aspect of the records relating to, or payments made on account of, beneficial ownership interests in the registered global security for the series or for maintaining, supervising or reviewing any records relating to the beneficial ownership interests.
          We expect that the depositary for any debt securities represented by a registered global security, upon receipt of any payment of principal, premium, if any, or interest in respect of the registered global security, will immediately credit participants’ accounts with payments in amounts proportionate to their respective beneficial interests in the principal amount of the registered global security as shown on the depositary’s records. We also expect that payments by participants to owners of beneficial interests in a registered global security held through the participants will be governed by standing customer instructions and customary practices, as is now the case with the securities held for the accounts of customers in bearer form or registered in “street name,” and will be the responsibility of the participants.
          If the depositary for any debt securities represented by a registered global security is at any time unwilling or unable to continue as depositary or ceases to be a clearing agency registered under the Exchange Act, we will appoint an eligible successor depositary. If we fail to appoint an eligible successor depositary within 90 days, the debt securities will be issued in definitive form in exchange for the registered global security. In addition, we may at any time and in its sole discretion determine not to have any debt securities of a series represented by one or more registered global securities. In that event, debt securities of that series will be issued in definitive form in exchange for each registered global security representing the debt securities. Any debt securities issued in definitive form in exchange for a registered global security will be registered in such name or names as the depositary instructs the

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trustee. We expect that the instructions will be based upon directions received by the depositary from the participants with respect to ownership of beneficial interests in the registered global security.
Events of Default, Notice and Waiver
          Unless otherwise indicated in the prospectus supplement, each of the following events will be an “Event of Default” with respect to each series of debt securities issued under the indenture:
    A “Guarantor” (as defined in the indenture) or the issuer of that series of debt securities fails to pay interest due on any debt securities of that series for 30 days;
 
    A Guarantor or the issuer of that series of debt securities fails to pay the principal of any debt securities of that series when due;
 
    A Guarantor that is a “Significant Subsidiary” (as defined in the indenture) or the issuer of that series of debt securities fails to perform any other agreements contained in the debt securities of that series or in the guarantee relating to that series of debt securities or contained in the indenture for that series of debt securities and applicable to that series for a period of 60 days after the issuer’s receipt of notice of the default from the trustee under the indenture or from the holders of at least 25% in principal of the debt securities of that series;
 
    default in the payment of indebtedness of the issuer of that series of debt securities, Toll Brothers, Inc. or any “Subsidiary” (as defined in the indenture) of Toll Brothers, Inc., including Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp., under the terms of the instrument evidencing or securing that indebtedness which permits the holder of that indebtedness to:
    accelerate the payment of an aggregate of more than $10,000,000 in principal amount of the indebtedness, after the lapse of applicable grace periods; or
 
    in the case of defaults other than payment defaults, accelerate the indebtedness and the acceleration is not rescinded or annulled within 10 days after the acceleration,
provided that, subject to certain limitations described in the indenture, the term “indebtedness” does not include for this purpose an acceleration of or default on certain “Non-Recourse Indebtedness,” as that term is defined in the indenture and described below;
    an acceleration of, or a significant modification of the terms of any outstanding debt securities identified in the indenture (each of these series of notes being referred to below as an “Outstanding Series”), occurs, provided that on the date of the occurrence, the outstanding principal amount of at least one Outstanding Series to which the occurrence relates exceeds $5,000,000;
 
    any one of various events of bankruptcy, insolvency or reorganization specified in the indenture occurs with respect to Toll Brothers, Inc., a Significant Subsidiary, or the issuer of that series of debt securities; or
 
    the guarantee of a Guarantor relating to that series of debt securities ceases to be in full force and effect for any reason other than in accordance with its terms.
          “Non-Recourse Indebtedness,” as defined in the indenture, means indebtedness or other obligations secured by a lien on property to the extent that the liability for the indebtedness or other obligations is limited to the security of the property without liability on the part of Toll Brothers, Inc. or any subsidiary (other than the subsidiary which holds title to the property) for any deficiency.
          The trustee is required to give notice to the holders of any series of debt securities within 90 days of a default with respect to that series of debt securities under the indenture. However, the trustee may withhold notice to the

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holders of any series of debt securities, except in the case of a default in the payment of principal, premium, if any, or interest, if any, with respect to that series, if the trustee considers the withholding to be in the interest of the holders.
          If an Event of Default occurs and is continuing for a series of debt securities, other than an Event of Default resulting from certain events of bankruptcy, insolvency or reorganization with respect to Toll Brothers, Inc. or the issuer of that series of debt securities, either the trustee or the holders of at least 25% in principal amount of all of the outstanding debt securities of that series may, by giving an acceleration notice to the issuer of that series of debt securities, Toll Brothers, Inc., or the Trustee, declare the unpaid principal of and accrued and unpaid interest on all of the debt securities of that series to be due and payable immediately.
          If an Event of Default occurs with respect to a series of debt securities as a result of certain events of bankruptcy, insolvency or reorganization with respect to Toll Brothers, Inc. or the issuer of that series of debt securities, then the unpaid principal amount of all of the debt securities of that series outstanding and any accrued and unpaid interest will automatically become due and payable immediately without any declaration or other act by the trustee or any holder of debt securities of that series.
          At any time after a declaration of acceleration with respect to debt securities of any series has been made, but before a judgment or decree based on acceleration has been obtained, the holders of a majority in principal amount of the outstanding debt securities of that series may rescind the acceleration, provided that, among other things, all Events of Default with respect to the particular series, other than payment defaults caused by the acceleration, have been cured or waived as provided in the indenture.
          The holders of a majority in outstanding principal amount of the debt securities of a particular series may generally waive an existing default with respect to that series and its consequences in accordance with terms and conditions provided in the indenture. However, these holders may not waive a default in the payment of the principal, any premium or any interest on the debt securities.
          Toll Brothers, Inc. and any issuer of debt securities offered by this prospectus will be required to file annually with the trustee under the indenture a certificate, signed by an officer of Toll Brothers, Inc. and the issuer, stating whether or not the officer knows of any default under the terms of the indenture and providing a description of any default of which the officer has knowledge.
Redemption
          The prospectus supplement relating to a series of redeemable debt securities will describe the rights or obligations of the issuer to redeem those debt securities and the procedure for redemption.
Additional Provisions
          Subject to the duty of the trustee to act with the required standard of care during a default, the indenture provides that the trustee will be under no obligation to perform any duty or to exercise any of its rights or powers under the indenture, unless the trustee receives indemnity satisfactory to it against any loss, liability or expense. Subject to these provisions for the indemnification of the trustee and various other conditions, the holders of a majority in total principal amount of the outstanding debt securities of any series will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the trustee, or exercising any trust or power conferred on the trustee, with respect to the debt securities of that series.
          A holder of debt securities of a series will not have the right to pursue any remedy with respect to the indenture or the debt securities of that series, unless:
    the holder gives to the trustee written notice of a continuing Event of Default;
 
    the holders of not less than 25% in total principal amount of the outstanding debt securities of that series make a written request to the trustee to pursue the remedy;
 
    the holder offers the trustee indemnity satisfactory to it against any loss, liability or expense;

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    the trustee fails to comply with the holder’s request within 60 days after receipt of the written request and offer of indemnity; and
 
    the trustee, during the same 60-day period, has not received from the holders of a majority in principal amount of the outstanding debt securities of that series a direction inconsistent with the aforementioned written request of holders.
However, the holder of any debt security will have an absolute right to receive payment of the principal of and interest on that debt security on or after the respective due dates expressed in that debt security and to bring suit for the enforcement of any payment.
Covenants
          The prospectus supplement relating to the debt securities of any series will describe any special covenants applicable to the issuer of the series or Toll Brothers, Inc. with respect to that series.
Merger or Consolidation
          Neither Toll Brothers, Inc., nor any Guarantor, nor the issuer of a series of debt securities offered by this prospectus may consolidate with or merge into, or transfer all or substantially all of its assets to, any other person, unless:
    the other person is a corporation organized and existing under the laws of the United States or a state thereof or the District of Columbia and expressly assumes by supplemental indenture all the obligations of Toll Brothers, Inc., any Guarantor, or the issuer, as the case may be, under the indenture and either the guarantees or the debt securities, as the case may be; and
 
    immediately after giving effect to the transaction no “Default” or “Event of Default,” as these terms are defined in the indenture, has occurred and is continuing.
Afterwards, all of the obligations of the predecessor corporation will terminate.
Modification of an Indenture
          The respective obligations of Toll Brothers, Inc., any of its directly or indirectly owned subsidiaries that guarantee the debt securities, and the issuer of debt securities of any series offered by this prospectus and the rights of the holders of those debt securities under the indenture generally may be modified with the written consent of the holders of a majority in outstanding principal amount of the debt securities of all series under the indenture affected by the modification. However, without the consent of each affected holder of debt securities, no amendment, supplement or waiver may, among other things:
    reduce the amount of debt securities whose holders must consent to an amendment, supplement or waiver;
 
    reduce the rate or extend the time for payment of interest on the debt securities;
 
    reduce the principal amount of, or premium on, the debt securities;
 
    change the maturity of any debt securities;
 
    change the redemption provisions;
 
    waive a default in the payment of the principal, premium, if any, or interest on any series of debt securities;
 
    modify the subordination or guarantee provisions in a manner adverse to holders of any series of debt securities;

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    make the medium of payment other than that stated in the debt securities;
 
    impair the right to bring suit for the enforcement of any of these payments; and
 
    change the provisions regarding modifications to the indenture or waiver of Defaults or Events of Default that will be effective against any holders of any series of debt securities.
Governing Law
          The indenture, the debt securities and the guarantees will be governed by the laws of the State of New York.
Satisfaction and Discharge of Indenture
          Unless otherwise provided in the applicable authorizing resolution and prospectus supplement, the indenture will be discharged:
    upon payment of all the series of debt securities issued under the indenture; or
 
    upon deposit with the trustee, within one year of the date of maturity or redemption of all of the series of debt securities issued under the indenture, of funds sufficient for (a) the payment of principal of and interest on the securities to maturity or (b) redemption of the securities.
Reports to Holders of Debt Securities
          As long as the securities issued under the indenture are outstanding, we will file with the SEC our annual reports, quarterly reports and other periodic reports that we would be required to file with the SEC in accordance with Section 13(a) or 15(d) of the Exchange Act, on or prior to the dates we would be required to file such documents and regardless of whether or not we are subject to Section 13(a) or 15(d). If our obligation to file these reports or information with the SEC is not then permitted by the SEC, or if such filings are not generally available on the Internet free of charge, we shall mail to the holders of such securities, at no cost to such holders, and file with the Trustee, copies of the annual reports, quarterly reports and other periodic reports required to be filed with the SEC by companies subject to Section 13(a) or 15(d). We will also supply copies of such reports, promptly upon written request, to any prospective holder at our cost.
          As long as the securities issued under the indenture are outstanding and constitute “restricted securities” under Rule 144 of the Securities Act, we will furnish to the holders of such securities and to securities analysts and prospective investors, upon their request, a statement of the nature of our business and the products and services we offer; and our most recent balance sheet and profit and loss and retained earnings statements, and similar financial statements for such part of the two preceding fiscal years, audited to the extent reasonably available.

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DESCRIPTION OF SUBORDINATED DEBT SECURITIES AND GUARANTEES
          Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. and Toll Finance Corp. may issue debt securities from time to time in one or more series. Any series of debt securities offered by Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. will be offered together with the unconditional guarantees of Toll Brothers, Inc.
          One or more series of the debt securities of Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. may be issued under a single indenture. Alternatively, any series of debt securities may be issued under a separate indenture. The terms applicable to each series of debt securities will be stated in the indenture and may be modified by the resolution(s) authorizing that series of debt securities adopted by the board of directors, or an officer or committee of officers authorized by the board of directors, of both the issuer of the debt securities and Toll Brothers, Inc. under the applicable indenture. We refer in this prospectus to the resolution(s) authorizing a series of debt securities as an authorizing resolution. Each indenture under which any debt securities are issued, including the applicable authorizing resolution(s), is referred to in this prospectus as an “indenture,” and collectively with any other indentures, as the “indentures.” Each indenture will be entered into among Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp., as the obligor, Toll Brothers, Inc., as the issuer of the related guarantees, and the institution named in the prospectus supplement, as trustee.
          The following is a description of certain general terms and provisions of the debt securities we may offer by this prospectus. The name of the issuer and the particular terms of any series of debt securities we offer, including the extent to which the general terms and provisions may apply to that series of debt securities, will be described in a prospectus supplement relating to those debt securities. Except as otherwise indicated in this prospectus or in the prospectus supplement, the following description of indenture terms is applicable to, and each reference to “the indenture” is a reference to, each indenture that Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. may enter into with respect to any series of debt securities we may offer by this prospectus, unless the context otherwise requires.
          The terms of any series of the debt securities include those stated in the applicable indenture. Holders of each series of the debt securities are referred to the indenture for that series, including the applicable authorizing resolution, for a statement of the terms. The respective forms of the indenture for the debt securities of Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. and Toll Finance Corp. are filed as exhibits to the registration statement of which this prospectus is a part. Each indenture may be amended or modified for any series of debt securities by an authorizing resolution which will be described in the prospectus supplement, and the applicable authorizing resolution relating to any series of debt securities offered pursuant to this prospectus will be filed as an exhibit to a report incorporated by reference in this prospectus. The following summary of certain provisions of the debt securities and the indenture is not complete. You should read all of the provisions of the indenture, including the definitions contained in the indenture which are not otherwise defined in this prospectus, and the prospectus supplement. Wherever we refer to particular provisions or defined terms of the indenture, these provisions or defined terms are incorporated in this prospectus by reference.
General
          The debt securities, when issued, will be obligations that constitute either senior subordinated debt or subordinated debt of Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp., as the case may be. Toll Brothers, Inc. will unconditionally guarantee the payment of the principal, premium, if any, and interest on the debt securities when due, whether at maturity, by declaration of acceleration, call for redemption or otherwise. See “Guarantee of Debt Securities.” The total principal amount of debt securities which may be issued under the indenture will not be limited. Debt securities may be issued under the indenture from time to time in one or more series. Unless the prospectus supplement relating to the original offering of a particular series of debt securities indicates otherwise, the issuer of that series of debt securities will have the ability to reopen the previous issue of that series of debt securities and issue additional debt securities of that series pursuant to an authorizing resolution, an officers’ certificate or an indenture supplement. Because neither Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. nor Toll Finance Corp. has any independent operations or generates any operating revenues, the funds required to pay the principal, the premium, if any, and interest on the debt securities will come from Toll Brothers, Inc. and its other subsidiaries. Except as otherwise stated in the

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prospectus supplement, there is no legal or contractual restriction on the ability of Toll Brothers, Inc. or the other subsidiaries of Toll Brothers, Inc. to provide these funds.
          If the debt securities of any series issued by Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. will be subordinated to any other indebtedness of that issuer, the indebtedness of that issuer to which that series will be subordinated will be referred to in the applicable authorizing resolution and prospectus supplement as senior indebtedness of Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp., as the case may be. The applicable authorizing resolution and prospectus supplement will define that senior indebtedness and describe the terms of the subordination. Unless otherwise stated in the prospectus supplement, the payment of principal, premium, if any, and interest on any series of debt securities issued by Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp. which is subordinated by its terms to other indebtedness of that issuer will be subordinated in right of payment, in the manner and to the extent described in the indenture under which that series is issued, to the prior payment in full of all senior indebtedness of the issuer, as defined in the applicable authorizing resolution and prospectus supplement, whether the senior indebtedness is outstanding on the date of the indenture or is created, incurred, assumed or guaranteed after the date of the indenture.
          The prospectus supplement relating to any series of debt securities that are offered by this prospectus will name the issuer and describe the specific terms of that series of debt securities. The prospectus supplement will describe, among other things, the following terms, to the extent they are applicable to that series of debt securities:
    their title and, if other than denominations of $1,000 and any integral multiple thereof, the denominations in which they will be issuable;
 
    their price or prices (expressed as a percentage of the respective aggregate principal amount of the debt securities) at which they will be issued;
 
    their total principal amount and, if applicable, the terms on which the principal amount of the series may be increased by a subsequent offering of additional debt securities of the same series;
 
    the interest rate (which may be fixed or variable and which may be zero in the case of certain debt securities issued at an issue price representing a discount from the principal amount payable at maturity), the date or dates from which interest, if any, will accrue and the circumstances, if any, in which the issuer may defer interest payments;
 
    any special provisions for the payment of any additional amounts with respect to the debt securities;
 
    any provisions relating to the seniority or subordination of all or any portion of the indebtedness evidenced by the securities to other indebtedness of the issuer;
 
    the date or dates on which principal and premium, if any, are payable or the method of determining those dates;
 
    the dates and times at which interest, if any, will be payable, the record date for any interest payment and the person to whom interest will be payable if other than the person in whose name the debt security is registered at the close of business on the record date for the interest payment;
 
    the place or places where principal of, premium, if any, and interest, if any, will be payable;
 
    the terms applicable to any “original issue discount” (as defined in the Internal Revenue Code of 1986, as amended, and the related regulations), including the rate or rates at which the original issue discount will accrue, and any special federal income tax and other considerations;
 
    the right or obligation, if any, of the issuer to redeem or purchase debt securities under any sinking fund or analogous provisions or at the option of a holder of debt securities, or otherwise, the conditions, if any, giving rise to the right or obligation and the period or periods within which, and the price or prices at which and the terms and conditions upon which, debt securities will be redeemed or purchased, in whole or in part, and any provisions for the marketing of the debt securities;

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    if the amount of payments of principal, premium, if any, and interest, if any, is to be determined by reference to an index, formula or other method, the manner in which these amounts are to be determined and the calculation agent, if any, with respect to the payments;
 
    if other than the principal amount of the debt securities, the portion of the principal amount of the debt securities which will be payable upon declaration or acceleration of the stated maturity of the debt securities pursuant to an “Event of Default,” as defined in the applicable indenture;
 
    whether the debt securities will be issued in registered or bearer form and the terms of these forms;
 
    whether the debt securities will be issued in certificated or book-entry form and, if applicable, the identity of the depositary;
 
    any provision for electronic issuance or issuances in uncertificated form;
 
    any listing of the debt securities on a securities exchange;
 
    any events of default or covenants in addition to or in place of those described in this prospectus;
 
    the terms, if any, on which the debt securities will be convertible into or exchangeable for other debt or equity securities, including without limitation the conversion price, the conversion period and any other provisions in addition to or in place of those included in this prospectus;
 
    the collateral, if any, securing payments with respect to the debt securities and any provisions relating to the collateral;
 
    whether and upon what terms the debt securities may be defeased; and
 
    any other material terms of that series of debt securities.
Guarantee of Debt Securities
          Toll Brothers, Inc. will guarantee, fully and unconditionally unless otherwise provided in the prospectus supplement, the payment of the principal, premium, if any, and interest on the debt securities as they become due, whether at maturity, by declaration of acceleration, call for redemption or otherwise. The terms of any guarantees of any debt securities will be described in an applicable prospectus supplement.
          The assets of Toll Brothers, Inc. consist principally of the stock of its subsidiaries. Therefore, the rights of Toll Brothers, Inc. and the rights of its creditors, including the holders of debt securities unconditionally guaranteed by Toll Brothers, Inc., to participate in the assets of any subsidiary other than the issuer of those debt securities upon liquidation, recapitalization or otherwise will be subject to the prior claims of that subsidiary’s creditors except to the extent that claims of Toll Brothers, Inc. itself as a creditor of the subsidiary may be recognized. This includes the prior

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claims of the banks that have provided and are providing First Huntingdon Finance Corp. a revolving credit facility under an agreement pursuant to which Toll Brothers, Inc. and its other subsidiaries, including Toll Corp., Toll Brothers Finance Corp. and Toll Finance Corp., have guaranteed or will guarantee the obligations owing to the banks under the revolving credit facility.
Conversion of Debt Securities
          Unless otherwise indicated in the prospectus supplement, the debt securities will not be convertible into our common stock or into any other securities. The particular terms and conditions of the conversion rights of any series of convertible debt securities other than those described below will be described in the prospectus supplement.
          Unless otherwise indicated in the prospectus supplement, and subject, if applicable, to prior redemption at the option of the issuer of the debt securities, the holders of any series of convertible debt securities will be entitled to convert the principal amount or a portion of the principal amount which is an integral multiple of $1,000 at any time before the date specified in the prospectus supplement for the series of debt securities into shares of our common stock at the conversion price stated in the prospectus supplement, subject to adjustment as described below.
          In the case of any debt security or portion of debt security called for redemption, conversion rights will expire at the close of business on the second business day preceding the redemption date.
          We will not be required to issue fractional shares of common stock upon conversion of the debt securities of a convertible series. Instead, we will pay a cash adjustment for any fractional interest in a share of its common stock.
          Convertible debt securities surrendered for conversion during the period from the close of business on a “Record Date,” as defined in the applicable indenture, or the next preceding “Business Day,” as defined in the applicable indenture, if the Record Date is not a Business Day, preceding any “Interest Payment Date,” as defined in the applicable indenture, to the opening of business on that Interest Payment Date, other than convertible debt securities or portions of convertible debt securities called for redemption during the period, will be accompanied by payment in next-day funds or other funds acceptable to us of an amount equal to the interest payable on the Interest Payment Date on the principal amount of the convertible debt securities then being converted. Except as described in the preceding sentence, no payment or adjustment will be made on conversion of convertible debt securities on account of interest accrued on the debt securities surrendered for conversion or for dividends on the common stock delivered on conversion. If an issuer of convertible debt securities defaults on the payment of interest for which payment is made upon the surrender of those convertible debt securities for conversion, the amount so paid will be returned to the party who made the payment.
          The conversion price of the debt securities of a convertible series will be subject to adjustment in certain events, including:
    the issuance of our common stock as a dividend or distribution on our common stock;
 
    the subdivision, combination or reclassification of our outstanding common stock;
 
    the issuance of rights or warrants, expiring within 45 days after the record date for issuance, to the holders of our common stock generally entitling them to acquire shares of our common stock at less than the common stock’s then “Current Market Price” as defined in the indenture;
 
    the distribution to holders of our common stock, generally, of evidences of indebtedness or our assets, excluding cash dividends paid from retained earnings and dividends or distributions payable in stock for which adjustment is otherwise made; or
 
    the distribution to the holders of our common stock, generally, of rights or warrants to subscribe for our securities, other than those for which adjustment is otherwise made.
          There will be no upward adjustment in the conversion price except in the event of a reverse stock split. Toll Brothers, Inc. is not required to make any adjustment in the conversion price of less than 1%, but the adjustment will be carried forward and taken into account in the computation of any subsequent adjustment.

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          A conversion price adjustment or the failure to make a conversion price adjustment may, under various circumstances, be deemed to be a distribution that could be taxable as a dividend under the Internal Revenue Code to holders of debt securities or to holders of common stock.
          There will be no adjustments to the conversion price of the debt securities of any convertible series as discussed above in the following situations:
    any consolidation or merger to which we are a party other than a merger or consolidation in which we are the continuing corporation;
 
    any sale or conveyance to another corporation of our property as an entirety or substantially as an entirety; or
 
    any statutory exchange of securities with another corporation, including any exchange effected in connection with a merger of a third corporation into us
          However, the holder of each convertible debt security outstanding at that time will have the right to convert the debt security into the kind and amount of securities, cash or other property which the holder would have owned or have been entitled to receive immediately after the transaction if the debt security was converted immediately before the effective date of the transaction.
Form, Exchange, Registration, Conversion, Transfer and Payment
Unless otherwise indicated in the prospectus supplement:
    each series of debt securities will be issued in registered form only, without coupons;
 
    payment of principal, premium, if any, and interest, if any, on each series of the debt securities will be payable at the office or agency of the issuer of that series maintained for this purpose; and
 
    the exchange, conversion and transfer of each series of debt securities may be registered at the office or agency of the issuer of that series maintained for this purpose and at any other office or agency maintained for this purpose.
          Subject to various exceptions described in the indenture, the issuer of each series of debt securities will be entitled to charge a reasonable fee for the registration of transfer or exchange of the debt securities of that series, including an amount sufficient to cover any tax or other governmental charge imposed or expenses incurred in connection with the transfer or exchange.
          All payments made by the issuer of a series of debt securities to the trustee and paying agent for the payment of principal, premium, if any, and interest on the debt securities of that series which remain unclaimed for two years after the principal, premium, if any, or interest has become due and payable may be repaid to the issuer. Afterwards, the holder of the debt security may look only to the issuer or, if applicable, Toll Brothers, Inc., for payment.
Registered Global Securities
          The registered debt securities of a series may be issued in whole or in part in the form of one or more registered global debt securities. A registered global security is a security, typically held by a depositary, that represents the beneficial interests of a number of purchasers of the security. Any registered global debt securities will be deposited with and registered in the name of a depositary or its nominee identified in the prospectus supplement. In this case, one or more registered global securities will be issued, each in a denomination equal to the portion of the total principal amount of outstanding registered debt securities of the series to be represented by the registered global security.
          Unless and until a registered global security is exchanged in whole or in part for debt securities in definitive registered form, it may not be transferred except as a whole:

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    by the depositary for the registered global security to a nominee for the depositary;
 
    by a nominee of the depositary to the depositary or to another nominee
 
    of the depositary; or
 
    by the depositary or its nominee to a successor depositary or a nominee of a successor depositary.
          The prospectus supplement relating to a particular series of debt securities will describe the specific terms of the depositary arrangement involving any portion of a series of debt securities to be represented by a registered global security. We anticipate that the following provisions will apply to all depositary arrangements for debt securities:
    ownership of beneficial interests in a registered global security will be limited to persons that have accounts with the depositary for the registered global security (each a “participant” and, collectively, the “participants”) or persons holding interests through the participants;
 
    after the issuer of a series of debt securities issues the registered global security for the series, the depositary will credit, on its book-entry registration and transfer system, the participants’ accounts with the respective principal amounts of the debt securities of that series represented by the registered global security beneficially owned by the participants;
 
    the underwriters, agents or dealers participating in the distribution of the debt securities will designate the accounts to be credited;
 
    only a participant or a person that may hold an interest through a participant may be the beneficial owner of a registered global security; and
 
    ownership of beneficial interests in the registered global security will be shown on, and the transfer of that ownership interest will be effected only through, records maintained by the depositary for the registered global security for interests of the participants, and on the records of the participants for interests of persons holding through the participants.
          The laws of some states may require that specified purchasers of securities take physical delivery of the securities in definitive form. These laws may limit the ability of those persons to own, transfer or pledge beneficial interests in registered global securities.
          So long as the depositary for a registered global security, or its nominee, is the registered owner of the registered global security, the depositary or its nominee, as the case may be, will be considered the sole owner or holder of the debt securities represented by the registered global security for all purposes under the indenture. Except as stated below, owners of beneficial interests in a registered global security:
    will not be entitled to have the debt securities represented by a registered global security registered in their names;
 
    will not receive or be entitled to receive physical delivery of the debt
 
    securities in definitive form; and
 
    will not be considered the owners or holders of the debt securities under the indenture.
          Accordingly, each person owning a beneficial interest in a registered global security must rely on the procedures of the depositary for the registered global security and, if the person is not a participant, on the procedures of the participant through which the person owns its interests, to exercise any rights of a holder under the indenture applicable to the registered global security.
          We understand that under existing industry practices, if we request any action of holders, or if an owner of a beneficial interest in a registered global security desires to give or take any action which a holder is entitled to give or take under the indenture, the depositary for the registered global security would authorize the participants holding the relevant beneficial interests to give or take the action, and the participants would authorize beneficial owners owning

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through the participants to give or take the action or would otherwise act upon the instructions of beneficial owners holding through them.
          Principal, premium, if any, and interest payments on debt securities represented by a registered global security registered in the name of a depositary or its nominee will be made to the depositary or its nominee, as the case may be, as the registered owner of the registered global security. Neither the issuer of a series of debt securities, Toll Brothers, Inc., the trustee under the indenture nor any other agent of any of them will be responsible or liable for any aspect of the records relating to, or payments made on account of, beneficial ownership interests in the registered global security for the series or for maintaining, supervising or reviewing any records relating to the beneficial ownership interests.
          We expect that the depositary for any debt securities represented by a registered global security, upon receipt of any payment of principal, premium, if any, or interest in respect of the registered global security, will immediately credit participants’ accounts with payments in amounts proportionate to their respective beneficial interests in the principal amount of the registered global security as shown on the depositary’s records. We also expect that payments by participants to owners of beneficial interests in a registered global security held through the participants will be governed by standing customer instructions and customary practices, as is now the case with the securities held for the accounts of customers in bearer form or registered in “street name,” and will be the responsibility of the participants.
          If the depositary for any debt securities represented by a registered global security is at any time unwilling or unable to continue as depositary or ceases to be a clearing agency registered under the Securities Exchange Act of 1934, Toll Brothers, Inc. will appoint an eligible successor depositary. If Toll Brothers, Inc. fails to appoint an eligible successor depositary within 90 days, the debt securities will be issued in definitive form in exchange for the registered global security. In addition, Toll Brothers, Inc. may at any time and in its sole discretion determine not to have any debt securities of a series represented by one or more registered global securities. In that event, debt securities of that series will be issued in definitive form in exchange for each registered global security representing the debt securities. Any debt securities issued in definitive form in exchange for a registered global security will be registered in such name or names as the depositary instructs the trustee. We expect that the instructions will be based upon directions received by the depositary from the participants with respect to ownership of beneficial interests in the registered global security.
Events of Default, Notice and Waiver
          Unless otherwise indicated in the prospectus supplement, each of the following events will be an “Event of Default” with respect to each series of debt securities issued under the indenture:
    Toll Brothers, Inc. or the issuer of that series of debt securities fails to pay interest due on any debt securities of that series for 30 days;
 
    Toll Brothers, Inc. or the issuer of that series of debt securities fails to pay the principal of any debt securities of that series when due;
 
    Toll Brothers, Inc. or the issuer of that series of debt securities fails to perform any other agreements contained in the debt securities of that series or in the guarantee relating to that series of debt securities or contained in the indenture for that series of debt securities and applicable to that series for a period of 60 days after the issuer’s receipt of notice of the default from the trustee under the indenture or the holders of at least 25% in principal of the debt securities of that series;
 
    default in the payment of indebtedness of Toll Brothers, Inc. or any “Subsidiary,” as defined in the indenture of Toll Brothers, Inc., including Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp., under the terms of the instrument evidencing or securing the indebtedness which permits the holder of the indebtedness to accelerate the payment of in excess of an aggregate of $5,000,000 in principal amount of the indebtedness, after the lapse of applicable grace periods or, in the case of non-payment defaults, acceleration of the indebtedness if the acceleration is not rescinded or annulled within 10 days after the acceleration, provided that, subject to certain limitations described in the indenture, the term “indebtedness” does not include for this purpose an acceleration of or default on certain “Non-Recourse Indebtedness,” as that term is defined in the indenture;

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    a final judgment for the payment of money in an amount in excess of $5,000,000 is entered against Toll Brothers, Inc. or any subsidiary (as defined in the indenture) of Toll Brothers, Inc., including Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp., which remains undischarged for a period during which execution is not effectively stayed of 60 days after the date on which the right to appeal has expired, provided that the term “final judgment” will not include a “Non-Recourse Judgment,” as that term is defined in the indenture, unless the book value of all property, net of any previous write downs or reserves in respect of the property, subject to the Non-Recourse Judgment exceeds the amount of the Non-Recourse Judgment by more than $10,000,000;
 
    an “Event of Default”, as that term is defined in the indenture relating to any outstanding debt securities identified in the indenture (each of these series of notes being referred to below as an “Outstanding Series”), occurs, provided that on the date of the occurrence, the outstanding principal amount of at least one Outstanding Series to which the occurrence relates exceeds $5,000,000;
 
    any one of various events of bankruptcy, insolvency or reorganization specified in the indenture occurs with respect to Toll Brothers, Inc. or the issuer of that series of debt securities; or
 
    the guarantee of Toll Brothers, Inc. relating to that series of debt securities ceases to be in full force and effect for any reason other than in accordance with its terms.
          “Non-Recourse Indebtedness,” as defined in the indenture, means indebtedness or other obligations secured by a lien on property to the extent that the liability for the indebtedness or other obligations is limited to the security of the property without liability on the part of Toll Brothers, Inc. or any subsidiary, other than the subsidiary which holds title to the property, for any deficiency.
          “Non-Recourse Judgment,” as defined in the indenture, means a judgment in respect of indebtedness or other obligations secured by a lien on property to the extent that the liability for (1) the indebtedness or other obligations and (2) the judgment is limited to the property without liability on the part of Toll Brothers, Inc. or any subsidiary, other than the subsidiary which holds title to the property, for any deficiency.
          The trustee is required to give notice to the holders of any series of debt securities within 90 days of a default with respect to that series of debt securities under the indenture. However, the trustee may withhold notice to the holders of any series of debt securities, except in the case of a default in the payment of principal, premium, if any, or interest, if any, with respect to that series, if the trustee considers the withholding to be in the interest of the holders.
          If an Event of Default for the debt securities of any series at the time outstanding, other than an Event of Default resulting from certain events of bankruptcy, insolvency or reorganization with respect to Toll Brothers, Inc. or the issuer of that series of debt securities, occurs and is continuing, either the trustee or the holders of at least 25% in principal amount of all of the outstanding debt securities of that series may, by giving an acceleration notice to the issuer of that series of debt securities, declare the unpaid principal of and accrued and unpaid interest on all of the debt securities of that series to be due and payable if, with respect to debt securities of that series (1) (a) no designated senior debt of Toll Brothers, Inc. or the issuer of that series of debt securities is outstanding, or (b) if the debt securities of that series are not subordinated to other indebtedness of the issuer of that series of debt securities, immediately; or (2) if designated senior debt of Toll Brothers, Inc. or the issuer of that series of debt securities is outstanding and the debt securities of that series are junior to other indebtedness of the issuer of that series of debt securities, upon the earlier of (A) ten days after the acceleration notice is received by the issuer of that series of debt securities or (B) the acceleration of any senior indebtedness of Toll Brothers, Inc. or the issuer of that series of debt securities. The designated senior debt of Toll Brothers, Inc. is referred to in the indenture as “Designated Senior Debt of the Guarantor” and the designated senior debt of Toll Corp., First Huntingdon Finance Corp., Toll Brothers Finance Corp. or Toll Finance Corp., as the case may be, is referred to in the indenture for that issuer’s debt securities as “Designated Senior Debt of the Company,” and each, as defined in the indenture, may be further defined in the prospectus supplement.
          If an Event of Default occurs with respect to a series of debt securities as a result of certain events of bankruptcy, insolvency or reorganization with respect to Toll Brothers, Inc. or the issuer of that series of debt securities, then the unpaid principal amount of all of the debt securities of that series outstanding, and any accrued and

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unpaid interest, will automatically become due and payable immediately without any declaration or other act by the trustee or any holder of debt securities of that series. At any time after a declaration of acceleration with respect to debt securities of any series has been made, but before a judgment or decree based on acceleration has been obtained, the holders of a majority in principal amount of the outstanding debt securities of that series may rescind the acceleration, provided that, among other things, all Events of Default with respect to the particular series, other than payment defaults caused by the acceleration, have been cured or waived as provided in the indenture.
          The holders of a majority in outstanding principal amount of the debt securities of a particular series may generally waive an existing default with respect to that series and its consequences in accordance with terms and conditions provided in the indenture. However, these holders may not waive a default in the payment of the principal, any premium or any interest on the debt securities.
          Toll Brothers, Inc. and any issuer of debt securities offered by this prospectus will be required to file annually with the trustee under the indenture a certificate, signed by an officer of Toll Brothers, Inc. and the issuer, stating whether or not the officer knows of any default under the terms of the indenture and providing a description of any default of which the officer has knowledge.
Additional Provisions
          Subject to the duty of the trustee to act with the required standard of care during a default, the indenture provides that the trustee will be under no obligation to perform any duty or to exercise any of its rights or powers under the indenture, unless the trustee receives indemnity satisfactory to it against any loss, liability or expense. Subject to these provisions for the indemnification of the trustee and various other conditions, the holders of a majority in total principal amount of the outstanding debt securities of any series will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the trustee, or exercising any trust or power conferred on the trustee, with respect to the debt securities of that series.
          A holder of debt securities of a series will not have the right to pursue any remedy with respect to the indenture or the debt securities of that series, unless:
    the holder gives to the trustee written notice of a continuing Event of Default;
 
    the holders of not less than 25% in total principal amount of the outstanding debt securities of that series make a written request to the trustee to pursue the remedy;
 
    the holder offers the trustee indemnity satisfactory to it against any loss, liability or expense;
 
    the trustee fails to comply with the holder’s request within 60 days after receipt of the written request and offer of indemnity; and
 
    the trustee, during the same 60-days, has not received from the holders of a majority in principal amount of the outstanding debt securities of that series a direction inconsistent with the aforementioned written request of holders.
          However, the holder of any debt security will have an absolute right to receive payment of the principal of and interest on that debt security on or after the respective due dates expressed in that debt security and to bring suit for the enforcement of any payment.
Covenants
          The prospectus supplement relating to the debt securities of any series will describe any special covenants applicable to the issuer of the series or Toll Brothers, Inc. with respect to that series.
Merger or Consolidation
          Neither Toll Brothers, Inc. nor the issuer of a series of debt securities offered by this prospectus may consolidate with or merge into, or transfer all or substantially all of its assets to, any other person without the consent of the holders of that series of debt securities, unless:

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    the other person is a corporation organized and existing under the laws of the United States or a state thereof or the District of Columbia and expressly assumes by supplemental indenture all the obligations of Toll Brothers, Inc. or the issuer, as the case may be, under the indenture and either the guarantees or the debt securities, as the case may be; and
 
    immediately after giving effect to the transaction no “Default” or “Event of Default,” as these terms are defined in the indenture, has occurred and is continuing.
 
  Afterwards, all of the obligations of the predecessor corporation will terminate.
Modification of an Indenture
          The respective obligations of Toll Brothers, Inc. and the issuer of debt securities of any series offered by this prospectus and the rights of the holders of those debt securities under the indenture generally may be modified with the consent of the holders of a majority in outstanding principal amount of the debt securities of all series under the indenture affected by the modification. However, without the consent of each affected holder of debt securities, no amendment, supplement or waiver may:
    extend the maturity of any debt securities;
 
    reduce the rate or extend the time for payment of interest on the debt securities;
 
    reduce the principal amount of, or premium on, the debt securities;
 
    change the redemption provisions;
 
    make a change that adversely affects the right to convert or the conversion price for any series of convertible debt securities;
 
    reduce the amount of debt securities whose holders must consent to an amendment, supplement or waiver;
 
    waive a default in the payment of the principal, premium, if any, or interest on any series of debt securities;
 
    modify the subordination or guarantee provisions in a manner adverse to holders of any series of debt securities;
 
    make the medium of payment other than that stated in the debt securities;
 
    make any change in the right of any holder of debt securities to receive payment of principal of, premium, if any, and interest on those debt securities, or to bring suit for the enforcement of any of these payments; and
 
    change the provisions regarding modifications to the indenture or waiver of Defaults or Events of Default that will be effective against any holders of any series of debt securities.

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Governing Law
          The indenture, the debt securities and the guarantees will be governed by the laws of the State of New York.
Satisfaction and Discharge of Indenture
          Unless otherwise provided in the applicable authorizing resolution and prospectus supplement, the indenture will be discharged:
    upon payment of all the series of debt securities issued under the indenture; or
 
    upon deposit with the trustee, within one year of the date of maturity or redemption of all of the series of debt securities issued under the indenture, of funds sufficient for the payment or redemption of the securities.
Reports to Holders of Debt Securities
          We file with the trustee copies of our annual reports and other information, documents and reports that we file with the SEC. So long as our obligation to file these reports or information with the SEC is suspended or terminated, we will provide the trustee with audited annual financial statements prepared in accordance with generally accepted accounting principles and unaudited condensed quarterly financial statements. These financial statements will be accompanied by management’s discussion and analysis of the results of our operations and financial condition for the period reported upon in substantially the form required under the rules and regulations of the SEC then in effect.
PLAN OF DISTRIBUTION
          We may offer and sell the securities to which this prospectus relates in any one or more of the following ways:
    directly to purchasers;
 
    to or through underwriters;
 
    to or through dealers; or
 
    to or through agents.
          Each time we sell securities, we will provide a prospectus supplement that will name any underwriter, dealer or agent involved in the offer and sale of the securities. The prospectus supplement will also set forth the terms of the offering, including the purchase price of the securities and the proceeds to the issuer(s) from the sale of the securities, any underwriting discounts and other items constituting underwriters’ compensation, any initial public offering price and any discounts or concessions allowed or reallowed or paid to dealers and any securities exchanges on which the securities may be listed.
          The securities may be distributed from time to time in one or more transactions:
    at a fixed price or prices, which may be changed;
 
    at market prices prevailing at the time of sale;
 
    at prices related to prevailing market prices; or
 
    at negotiated prices.
          Each time we sell securities, we will describe the method of distribution of the securities in the prospectus supplement relating to the transaction.
          If underwriters are used in the offer and sale of the securities being offered by this prospectus, the name of each managing underwriter, if any, and any other underwriters and the terms of the transaction, including any underwriting discounts and other items constituting compensation of the underwriters and dealers, if any, will be

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included in the prospectus supplement relating to the offering. The securities will be acquired by the underwriters for their own accounts and may be resold from time to time in one or more transactions, including negotiated transactions, at a fixed public offering price or at varying prices determined at the time of sale. Any initial public offering price and any discounts or concessions allowed or reallowed or paid to dealers may be changed from time to time.
          If a dealer is used in the sale of the securities being offered by this prospectus, the issuer(s) of the securities will sell those securities to the dealer, as principal. The dealer may then resell those securities to the public at varying prices to be determined by the dealer at the time of resale. The name of the dealer and the terms of the transaction will be identified in the prospectus supplement.
          If an agent is used in an offering of securities being offered by this prospectus, the agent will be named and the terms of the agency will be described in the prospectus supplement relating to the offering. Unless otherwise indicated in the prospectus supplement, an agent will act on a best efforts basis for the period of its appointment.
          Offers to purchase the securities offered by this prospectus may be solicited, and sales of the securities may be made, by the issuer(s) of those securities directly to institutional investors or others, who may be deemed to be underwriters within the meaning of the Securities Act of 1933 with respect to any resales of the securities. The terms of any offer made in this manner will be included in the prospectus supplement relating to the offer.
          If indicated in the prospectus supplement, the issuer(s) of the securities to which the prospectus supplement relates will authorize underwriters or their other agents to solicit offers by certain institutional investors to purchase securities from the issuer(s) pursuant to contracts providing for payment and delivery at a future date. Institutional investors with which these contracts may be made include commercial and savings banks, insurance companies, pension funds, investment companies, educational and charitable institutions and others. In all cases, these purchasers must be approved by the issuer(s) of the securities. The obligations of any purchaser under any of these contracts will not be subject to any conditions except that (a) the purchase of the securities must not at the time of delivery be prohibited under the laws of any jurisdiction to which that purchaser is subject and (b) if the securities are also being sold to underwriters, the issuer(s) must have sold to these underwriters the securities not subject to delayed delivery. Underwriters and other agents will not have any responsibility in respect of the validity or performance of these contracts.
          In addition, the securities offered by this prospectus and an accompanying prospectus supplement may be offered and sold by the holders of the securities in one or more of the transactions described above, which transactions may be effected at any time and from time to time. Upon a sale of securities made in this manner, the respective holders of the securities and any participating broker, dealer or underwriter may be deemed to be underwriters within the meaning of Section 2(11) of the Securities Act of 1933, and any commissions, discounts or concessions upon the sale, or any profit on the resale of the securities, received in connection with the sale may be deemed to be underwriting commissions or discounts under the Securities Act of 1933. The compensation, including commissions, discounts, concessions and other profits, received by any broker, dealer or underwriter in connection with the sale of any of the securities, may be less than or in excess of customary commissions.
          Some of the underwriters, dealers or agents we may use in any offering of securities under this prospectus may be customers of, including borrowers from, engage in transactions with, and perform services for us or our affiliates in the ordinary course of business. Underwriters, dealers, agents and other persons may be entitled, under agreements which may be entered into with us to indemnification against and contribution toward certain civil liabilities, including liabilities under the Securities Act, and to be reimbursed by us for certain expenses.
          Until the distribution of the securities offered by this prospectus is completed, rules of the SEC may limit the ability of the underwriters and certain selling group members, if any, to bid for and purchase the securities. As an exception to these rules, the representatives of the underwriters, if any, are permitted to engage in certain transactions that stabilize the price of the securities. These transactions may consist of bids or purchases for the purpose of pegging, fixing or maintaining the price of the securities.
          If underwriters create a short position in the securities in connection with the offering of the securities (i.e., if they sell more securities than are included on the cover page of the prospectus supplement), the representatives of the underwriters may reduce that short position by purchasing securities in the open market. The representatives of the underwriters also may elect to reduce any short position by exercising all or part of the over-allotment option, if any, described in the prospectus supplement.

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          The representatives of the underwriters also may impose a penalty bid on certain underwriters and selling group members. This means that if the representatives purchase securities in the open market to reduce the underwriters’ short position or to stabilize the price of the securities, they may reclaim the amount of the selling concession from the underwriters and selling group members who sold those securities as part of the offering of the securities.
          In general, purchases of a security for the purpose of stabilization or to reduce a syndicate short position could cause the price of the security to be higher than it might otherwise be in the absence of these types of purchases. The imposition of a penalty bid might have an effect on the price of a security to the extent that it were to discourage resales of the security by purchasers in the offering.
          Neither we nor any of the underwriters, if any, makes any representation or prediction as to the direction or magnitude of any effect that the transactions described above may have on the price of the securities. In addition, neither we nor any of the underwriters, if any, makes any representation that the representatives of the underwriters, if any, will engage in these transactions or that these transactions, once commenced, will not be discontinued without notice.
          The anticipated date of delivery of the securities offered by this prospectus will be described in the prospectus supplement relating to the offering. The securities offered by this prospectus may or may not be listed on a national securities exchange (including the NYSE (where our common stock is listed)), or a foreign securities exchange. We cannot give any assurances that there will be a market for any of the securities offered by this prospectus and any prospectus supplement.
          Because an indeterminate amount of securities are covered by this Registration Statement and the number of offerings are indeterminable, the expenses in connection with the issuance and distribution of the securities are not currently determinable.
LEGAL MATTERS
          Certain legal matters relating to the validity of the securities offered by this prospectus will be passed upon by WolfBlock LLP, Philadelphia, Pennsylvania.
EXPERTS
          Ernst & Young LLP, independent registered public accounting firm, has audited our consolidated financial statements included in our Annual Report on Form 10-K for the year ended October 31, 2007, and the effectiveness of our internal control over financial reporting as of October 31, 2007, as set forth in their reports, which are incorporated by reference in this prospectus and elsewhere in the registration statement. Our financial statements are incorporated by reference in reliance on Ernst & Young LLP’s reports, given on their authority as experts in accounting and auditing.

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PART II
Information Not Required In Prospectus
Item 14. Other Expenses of Issuance and Distribution.
          The following is a statement of estimated expenses in connection with the issuance and distribution of the securities being registered, other than underwriting discounts.
         
SEC registration fee
    (1 )
Fees and expenses of independent accountants
    (2 )
Trustee fees and expenses
    (2 )
Legal fees and expenses
    (2 )
Printing and delivery expenses
    (2 )
Blue sky fees
    (2 )
Rating agency fees
    (2 )
Miscellaneous expenses
    (2 )
 
     
Total
    (1)(2)
 
     
 
(1)   Because an indeterminate amount of securities are covered by this Registration Statement, we are deferring payment of the registration fee pursuant to Rule 456(b) under the Securities Act.
 
(2)   Because an indeterminate amount of securities are covered by this Registration Statement and the number of offerings are indeterminable, the expenses in connection with the issuance and distribution of the securities are not currently determinable.
Item 15. Indemnification of Directors and Officers
          Section 145 of the Delaware General Corporation Law (the “DGCL”) provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement in connection with specified actions, suits or proceedings, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation—a “derivative action”), if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal actions or proceedings, had no reasonable cause to believe their conduct was unlawful. A similar standard is applicable in the case of derivative actions, except that indemnification only extends to expenses (including attorneys’ fees) actually and reasonably incurred in connection with the defense or settlement of such action, and the DGCL requires court approval before there can be any indemnification where the person seeking indemnification has been found liable to the corporation. The DGCL provides that it is not exclusive of other indemnification that may be granted by a corporation’s bylaws, disinterested director vote, stockholder vote, agreement or otherwise.
          Under our Certificate of Incorporation and bylaws, the Company is obligated to indemnify and hold harmless any Director, officer or employee of the Company to the fullest extent permitted by law as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader indemnification rights than such law permitted the Company to provide prior to such amendment) against expenses (including legal fees), judgments, losses, liability, fines and amounts paid in settlement, actually and reasonably incurred or suffered by him or her, in connection with any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (hereinafter a “proceeding”), brought or threatened to be brought against him by reason of the fact that he or she is or was a Director, officer or employee of the Company or is or was serving at the request of the Company as a director, officer, employee or trustee of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to an employee benefit plan (hereinafter an “indemnitee”), whether the basis of such proceeding is alleged action in an official capacity as a director, officer, employee or trustee or in any other capacity while serving as a director, officer, employee or trustee; provided, however, that except as provided in the Certification of Incorporation with respect to

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proceedings to enforce rights to indemnification, the Company is obligated to indemnify any such indemnitee in connection with a proceeding (or part thereof) initiated by such indemnitee only if such proceeding (or part thereof) was authorized by the Board of Directors. In addition to the foregoing, the Company may provide indemnification for any indemnitee in those instances in which such indemnification, although greater in scope or degree than that expressly provided by law, is deemed to be in the best interest of the Company by (a) a majority of disinterested Directors even though less than a quorum (which may consist of only one Director if there is only one disinterested Director), (b) by a committee of disinterested Directors designated by a majority of disinterested Directors, even though less than a quorum, or (c) if there are no disinterested Directors, or if such disinterested Directors so direct, by independent legal counsel in a written opinion.
          In addition, an indemnitee also has the right to be paid by the Company the expenses incurred (including attorney’s fees) in connection with any proceeding in advance of the final disposition of the proceeding (hereinafter an “advancement of expenses”); provided, however, that, if required by law, any advancement of expenses incurred by a indemnitee solely in his capacity as a director, officer or employee shall only be made upon delivery to the Company of an undertaking (hereinafter an “undertaking”) by or on behalf of such indemnitee to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no further right to appeal (hereinafter a “final adjudication”) that such indemnitee is not entitled to be indemnified by the Company or authorized by law. No such undertaking is required in connection with the advancement of expenses incurred by an indemnitee acting in any other capacity in which service is or was rendered by such indemnitee, including, without limitation, service to an employee benefit plan.
          A Director of the Company will not be personally liable to the Company or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for any breach of the Director’s duty of loyalty to the Company or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the General Corporation Law of the State of Delaware, or (iv) for any transaction from which the director derived an improper personal benefit.
          The Company carries directors’ and officers’ liability insurance that covers certain liabilities and expenses of its directors and officers.
Item 16. Exhibits
     
1.1**
  Underwriting Agreement.
 
   
4.1
  Second Restated Certificate of Incorporation for Toll Brothers, Inc. dated September 8, 2005, is hereby incorporated by reference to Exhibit 3.1 of the Registrant’s Form 10-Q for the quarter ended July 31, 2005.
 
   
4.2
  Amended and Restated By-Laws of Toll Brothers, Inc. dated June 11, 2008, are hereby incorporated by reference to Exhibit 3.1 of the Registrant’s Form 8-K filed on June 13, 2008.
 
   
4.3
  Specimen Common Stock Certificate is hereby incorporated by reference to Exhibit 4.1 of the Registrant’s Form 10-K for the fiscal year ended October 31, 1991.
 
   
4.4
  Certificate of Amendment of Certificate of Designations, Preferences and Rights of Series A Junior Participating Preferred Stock of the Registrant is hereby incorporated by reference to Exhibit 3.1 of the Registrant’s Form 8-K filed on June 18, 2007.
 
   
4.5**
  Form of stock certificate for the Preferred Stock of the Registrant.
 
   
4.6**
  Form of Debt Securities.
 
   
4.7**
  Form of Warrant Agreement.
 
   
4.8**
  Form of Warrant Certificate.
 
   
4.9**
  Form of Guarantee of Debt Securities.
 
   
4.10*
  Form of Indenture for Senior Debt Securities.
 
   
4.11*
  Form of Indenture for Subordinated Debt Securities.

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4.12
  Rights Agreement dated as of June 13, 2007, by and between the Registrant and American Stock Transfer & Trust Company, as Rights Agent, is hereby incorporated by reference to Exhibit 4.1 to the Registrant’s Form 8-K filed on June 18, 2007.
 
   
5*
  Form of Opinion of WolfBlock LLP, Philadelphia, Pennsylvania.
 
   
10.1
  Amended and Restated Credit Agreement by and among First Huntingdon Finance Corp., the Registrant and the lenders which are parties thereto dated as of March 17, 2006, is hereby incorporated by reference to Exhibit 10.1 to the Registrant’s Form 10-Q for the quarter ended April 30, 2006.
 
   
12*
  Statement Regarding Computation of Ratio of Earnings to Fixed Charges.
 
   
23.1
  Consent of WolfBlock LLP (included as part of Exhibit 5.1).
 
   
23.2*
  Consent of Ernst & Young LLP Independent Registered Public Accounting Firm.
 
   
24*
  Power of Attorney (included in signature pages hereto).
 
   
25.1**
  Statement of Eligibility on Form T-1 under the Trust Indenture Act of 1939, of any other trustee for the debt securities and senior debt securities.
 
*   Filed herewith.
 
**   To be filed by amendment or as an exhibit to a report filed under the Exchange Act and incorporated herein by reference.
Item 17. Undertakings
               (a) The undersigned registrant hereby undertakes:
               (1) To file, during any period in which offers or sales are being made, a post-effective amendment of this registration statement:
                    (i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
                    (ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and
                    (iii) To include any material information relating to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; Provided, however, that paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) do not apply if the registration statement is on Form S-3 or Form F-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of this registration statement.
               (2) That, for purposes of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
               (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

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               (4) That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:
                    (i) If the registrant is relying on Rule 430B:
               (A) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of this registration statement as of the date the filed prospectus was deemed part of and included in this registration statement; and
               (B) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of this registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in this registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of this registration statement relating to the securities in this registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of this registration statement or made in a document incorporated or deemed incorporated by reference into this registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in this registration statement or prospectus that was part of this registration statement or made in any such document immediately prior to such effective date.
               (5) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities:
               The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
                    (i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
                    (ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
                    (iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
                    (iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
               (b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time will be deemed to be the initial bona fide offering thereof.
               (c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the provisions described under Item 15 above, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,

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submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
               (d) The undersigned registrant hereby undertakes to file an application for the purpose of determining the eligibility of the trustee to act under subsection (a) of Section 310 of the Trust Indenture Act (“Act”) in accordance with the rules and regulations prescribed by the Commission under Section 305(b)(2) of the Act.

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SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, Toll Brothers, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  TOLL BROTHERS, INC.
 
 
  By:   Robert I. Toll    
    Robert I. Toll,   
    Chairman of the Board of Directors   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Robert I. Toll
 
Robert I. Toll
  Chairman of the Board, Chief Executive Officer and Director (Principal Executive Officer)
 
   
Bruce E. Toll
 
Bruce E. Toll
  Vice Chairman of the Board and Director 

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Signature   Title
 
   
Zvi Barzilay
 
Zvi Barzilay
  President, Chief Operating Officer and Director 
 
   
Robert S. Blank
 
Robert S. Blank
  Director 
 
   
Edward G. Boehne
 
Edward G. Boehne
  Director 
 
   
Richard J. Braemer
 
Richard J. Braemer
  Director 
 
   
Roger S. Hillas
 
Roger S. Hillas
  Director 
 
   
Carl B. Marbach
 
Carl B. Marbach
  Director 
 
   
Stephen A. Novick
 
Stephen A. Novick
  Director 
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President, Treasurer, Chief Financial Officer and Director (Principal Financial Officer)
 
   
Paul E. Shapiro
 
Paul E. Shapiro
  Director 
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)

II-7


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule I of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule I of
Additional Registrants)
 
 
  By:   Zvi Barzilay    
    Zvi Barzilay,   
    President of each Registrant listed on Schedule I of Additional Registrants that is a corporation or limited liability company and President of the corporate general partner or corporate managing partner or limited liability company general partner of each Registrant listed on Schedule I of Additional Registrants that is a general or limited partnership   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities* indicated on October 29, 2008.
 
*   Except as otherwise provided herein, each of the following persons hold each of the positions listed next to his/her name for each Registrant listed on Schedule I of Additional Registrants. Where the Registrant is a limited partnership, this registration statement has been signed by the following persons on behalf of such entities’ corporate general partner in the capacities indicated.

II-8


 

     
Signature   Title
 
   
Robert I. Toll
 
Robert I. Toll
  Chief Executive Officer and Director (as to corporate Registrants) /Manager (as to limited liability company Registrants)
 
   
Zvi Barzilay
 
Zvi Barzilay
  President, Chief Operating Officer, Assistant Secretary and Director as to corporate Registrants)/Manager (as to limited liability company Registrants)(Principal Executive Officer)
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President, Treasurer, Chief Financial Officer, Assistant Secretary and Director (as to corporate Registrants)/Manager (as to limited liability company Registrants) (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-9


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule II of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule II of
Additional Registrants)
 
 
  By:   Zvi Barzilay    
    Zvi Barzilay,   
    President of each Registrant listed on Schedule II of Additional Registrants that is a corporation or limited liability company and President of the corporate general partner of each Registrant listed on Schedule II of Additional Registrants that is a limited partnership   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities* indicated on October 29, 2008.
 
*   Except as otherwise provided herein, each of the following persons holds each of the positions listed next to his/her name for each Registrant listed on Schedule II of Additional Registrants. Where the Registrant is a limited partnership, this registration statement has been signed by the following persons on behalf of such entities’ corporate general partner in the capacities indicated.

II-10


 

     
Signature   Title
 
   
Robert I. Toll
 
Robert I. Toll
  Director 
 
   
Zvi Barzilay
 
Zvi Barzilay
  President and Director (Principal Executive Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief
Accounting Officer, and Assistant Secretary (Principal Financial Officer and Principal Accounting Officer

II-11


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule III of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule III of
Additional Registrants)
 
 
  By:   Zvi Barzilay    
    Zvi Barzilay,   
    President of each Registrant listed on Schedule III of Additional Registrants that is a corporation and President of the corporate general partner of each Registrant listed on Schedule III of Additional Registrants that is a limited partnership   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Robert I. Toll
 
Robert I. Toll
  Chief Executive Officer and Director 
 
   
Zvi Barzilay
 
Zvi Barzilay
  President, Chief Operating Officer, Assistant Secretary and Director (Principal Executive Officer)

II-12


 

     
Signature   Title
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President, Treasurer, Chief Financial Officer, Assistant Secretary and Director (Principal Financial Officer)
 
   
Douglas C. Yearley, Jr.
 
Douglas C. Yearley, Jr.
  Regional President and Director 
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-13


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule IV of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule IV of
Additional Registrants)
 
 
  By:   Kelly Hughes-Allen    
    Kelly Hughes-Allen,   
    President of each Registrant listed on Schedule IV of Additional Registrants that is a corporation or limited liability company and President of the corporate general partner of each Registrant listed on Schedule IV of Additional Registrants that is a limited partnership   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities* indicated on October 29, 2008.
 
*   Except as otherwise provided herein, each of the following persons holds each of the positions listed next to his/her name for each Registrant listed on Schedule IV of Additional Registrants. Where the Registrant is a limited liability company, this registration statement has been signed by the following persons on behalf of such entities’ corporate manager in the capacities indicated. Where the Registrant is a limited partnership, this registration statement has been signed by the following persons on behalf of such entities’ corporate general partner in the capacities indicated.

II-14


 

     
Signature   Title
 
   
Kelly Hughes-Allen
 
Kelly Hughes-Allen
  President, Treasurer, Secretary and Director (as to corporate Registrants)/ Manager (as to limited liability company Registrants) (Principal Executive Officer)
 
   
Joseph DeSanto
 
Joseph DeSanto
  Vice President and Director (as to corporate Registrants)/Manager (as to limited liability company Registrants) (Principal Financial Officer) (Principal Accounting Officer)
 
   
Ann DiFiore
 
Ann DiFiore
  Assistant Secretary and Director (as to corporate Registrants)/Manager (as to limited liability company Registrants)
 
   
Mark J. Warshauer
 
Mark J. Warshauer
  Assistant Secretary and Director (as to corporate Registrants)/Manager (as to limited liability company Registrants)
 
   
Mary Alice Avery
 
Mary Alice Avery
  Assistant Secretary and Director (as to corporate Registrants)/Manager (as to limited liability company Registrants)

II-15


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule V of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule V
of Additional Registrants)
 
 
  By:   Mitchell P. Laskowitz    
    Mitchell P. Laskowitz,   
    President of each Registrant listed on Schedule V of Additional Registrants   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Mitchell P. Laskowitz
 
Mitchell P. Laskowitz
  President and Manager (Principal Executive Officer)
 
   
David H. Richey
 
David H. Richey
  Manager 
 
   
David A. Larkin
 
David A. Larkin
  Manager 

II-16


 

     
Signature   Title
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-17


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule VI of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule VI
of Additional Registrants)
 
 
  By:   Gary Mayo    
    Gary Mayo,   
    President of each Registrant listed on Schedule VI of Additional Registrants   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Gary M. Mayo
 
Gary M. Mayo
  President and Manager (Principal Executive Officer)
 
   
Richard T. Hartman
 
Richard T. Hartman
  Manager 

II-18


 

     
Signature   Title
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-19


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule VII of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on the Schedule VII of
Additional Registrants)
 
 
  By:   James Manners    
    James Manners,   
    President of each Registrant listed on Schedule VII of Additional Registrants   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities* indicated on October 29, 2008.
 
*   Except as otherwise provided herein, each of the following persons hold each of the positions listed next to his/her name for each Registrant listed on Schedule VIII of Additional Registrants.
     
Signature   Title
 
   
James Manners
 
James Manners
  President and Manager (Principal Executive Officer)
 
   
David E. Torres
 
David E. Torres
  Manager 

II-20


 

     
Signature   Title
 
   
Carol M. Mumford
 
Carol M. Mumford
  Manager and Secretary 
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer and Assistant Secretary (Principal Accounting Officer)

II-21


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule VIII of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule VIII of
Additional Registrants)
 
 
  By:   David H. Richey    
    David H. Richey,   
    President of each Registrant listed on Schedule VIII of Additional Registrants   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
David H. Richey
 
David H. Richey
  President and Manager (Principal
Executive Officer)
 
   
Mitchell P. Laskowitz
 
Mitchell P. Laskowitz
  Manager
 
   
David A. Larkin
 
David A. Larkin
  Manager

II-22


 

     
Signature   Title
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief
Financial Officer (Principal
Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief
Accounting Officer, and Assistant
Secretary (Principal Accounting
Officer)

II-23


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule IX of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule IX
of Additional Registrants)
 
 
  By:   Thomas Anhut    
    Thomas Anhut,   
    President of each Registrant listed on Schedule IX of Additional Registrants   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Thomas Anhut
 
Thomas Anhut
  President (Principal Executive
Officer)
 
   
David H. Richey
 
David H. Richey
  Manager
 
   
Mitchell P. Laskowitz
 
Mitchell P. Laskowitz
  Manager

II-24


 

     
Signature   Title
 
   
David A. Larkin
 
David A. Larkin
  Manager
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief
Financial Officer (Principal
Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief
Accounting Officer, and Assistant
Secretary (Principal Accounting
Officer)

II-25


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule X of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule X
of Additional Registrants)
 
 
  By:   Robert Craig    
    Robert Craig,   
    President of each Registrant listed
on Schedule X of Additional
Registrants 
 
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Robert Craig
 
Robert Craig
  President (Principal Executive
Officer)
 
   
David H. Richey
 
David H. Richey
  Manager
 
   
Mitchell P. Laskowitz
 
Mitchell P. Laskowitz
  Manager

II-26


 

     
Signature   Title
 
   
David A. Larkin
 
David A. Larkin
  Manager
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief
Financial Officer (Principal
Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief
Accounting Officer, and Assistant
Secretary (Principal Accounting
Officer)

II-27


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule XI of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule XI
of Additional Registrants)
 
 
  By:   James Boyd    
    James Boyd,   
    President of each Registrant listed on Schedule XI of Additional Registrants   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
 
   
James Boyd
 
James Boyd
  President (Principal Executive
Officer)
 
   
David H. Richey
 
David H. Richey
  Manager
 
   
Mitchell P. Laskowitz
 
Mitchell P. Laskowitz
  Manager

II-28


 

     
Signature   Title
 
   
David A. Larkin
 
David A. Larkin
  Manager
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief
Financial Officer (Principal
Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief
Accounting Officer, and Assistant
Secretary (Principal Accounting
Officer)

II-29


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, each of the Registrants, as listed on the attached Schedule XII of Additional Registrants, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Registrants (As Listed on Schedule XII of
Additional Registrants)
 
 
  By:   Michael Donnelly    
    Michael Donnelly,   
    President of each Registrant listed
on Schedule XII of Additional
Registrants 
 
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Michael Donnelly
 
Michael Donnelly
  President (Principal Executive
Officer)
 
   
David H. Richey
 
David H. Richey
  Manager
 
   
Mitchell P. Laskowitz
 
Mitchell P. Laskowitz
  Manager

II-30


 

     
Signature   Title
 
   
David A. Larkin
 
David A. Larkin
  Manager
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief
Financial Officer (Principal
Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief
Accounting Officer, and Assistant
Secretary (Principal Accounting
Officer)

II-31


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, ESE Consultants, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  ESE Consultants, Inc.
 
 
  By:   Christopher Stocke    
    Christopher Stocke,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Barry Depew
 
Barry Depew
  President, Chief Executive Officer,
Assistant Secretary and Director
(Principal Executive Officer)
 
   
Christopher Stocke
 
Christopher Stocke
  President, Chief Operating Officer,
and Director
 
   
Javier Vega
 
Javier Vega
  Senior Vice President, Secretary
and Director
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief
Financial Officer (Principal
Financial Officer)

II-32


 

     
Signature   Title
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief
Accounting Officer, and Assistant
Secretary (Principal Accounting
Officer)

II-33


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, TOLL Architecture, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  TOLL Architecture, Inc.
 
 
  By:   Jed Gibson    
    Jed Gibson,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Jed Gibson
 
Jed Gibson
  President and Director
(Principal Executive Officer)
 
   
Edward D. Weber
 
Edward D. Weber
  Vice President and Director
 
   
Lee J. Golanoski
 
Lee J. Golanoski
  Secretary and Director

II-34


 

     
Signature   Title
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief
Financial Officer (Principal
Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief
Accounting Officer, and Assistant
Secretary (Principal Accounting
Officer)

II-35


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, TOLL Architecture I, P.A. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  TOLL Architecture I, P.A.
 
 
  By:   Jed Gibson    
    Jed Gibson,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Jed Gibson
 
Jed Gibson
  President, Secretary, Treasurer and
Director (Principal Executive
Officer, Principal Financial Officer
and Principal Accounting Officer)

II-36


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, TOLL LTC Successor Corp. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  TOLL LTC Successor Corp.
 
 
  By:   Kelly Hughes-Allen    
    Kelly Hughes-Allen,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities indicated on October 29, 2008.
             
Signature   Title        
 
   
Kelly Hughes-Allen
 
Kelly Hughes-Allen
  President, Treasurer, Secretary and Director (Principal Executive Officer)
 
   
Joseph DeSanto
 
Joseph DeSanto
  Vice President and Director (Principal Financial Officer and Principal Accounting Officer)
 
   
Mindy Riddle
 
Mindy Riddle
  Assistant Secretary and Director 

II-37


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, TOLL Northeast Services, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  TOLL Northeast Services, Inc.
 
 
  By:   Zvi Barzilay    
    Zvi Barzilay,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29, 2008.
             
Signature   Title        
 
   
Zvi Barzilay
 
Zvi Barzilay
  President, (Principal Executive Officer) 
 
   
Joseph DeSanto
 
Joseph DeSanto
  Director 
 
   
Michael McDevitt
 
Michael McDevitt
  Director 
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-38


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, C.B.A.Z. Construction Company LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  C.B.A.Z. Construction Company LLC
 
 
  By:   Richard T. Hartman    
    Richard T. Hartman,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29, 2008.
             
Signature   Title        
 
   
Richard T. Hartman
 
Richard T. Hartman
  President and Manager (Principal Executive Officer)
 
   
Charles W. Bowie
 
  Manager and Secretary, 
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-39


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, Frenchman’s Reserve Realty, LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Frenchman’s Reserve Realty, LLC
 
 
  By:   Michael Donnelly    
    Michael Donnelly,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29, 2008.
             
Signature   Title        
 
   
Michael Donnelly
 
Michael Donnelly
  President and Manager (Principal Executive Officer)
 
   
Ronald Blum
 
Ronald Blum
  Vice President and Manager 
 
   
Richard Charlton
 
Richard Charlton
  Secretary and Manager 
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)

II-40


 

             
Signature   Title        
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-41


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, Hoboken Land I LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Hoboken Land I LLC
 
 
  By:   Zvi Barzilay    
    Zvi Barzilay,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29 2008.
             
Signature   Title        
 
   
Zvi Barzilay
 
Zvi Barzilay
  President, Chief Operating Officer, and Assistant Secretary (Principal Executive Officer)
 
   
Douglas C. Yearley, Jr.
 
Douglas C. Yearley, Jr.
  Regional President and Manager (Principal Executive Officer)
 
   
Roger A. Brush
 
Roger A. Brush
  Group President and Manager 
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-42


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, Jacksonville TBI Realty, LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Jacksonville TBI Realty, LLC
 
 
  By:   Kelly Hofelt    
    Kelly Hofelt,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29, 2008.
     
Signature   Title
 
   
Kelly Hofelt
 
Kelly Hofelt
  President and Manager (Principal Executive Officer)
 
   
David Torres
 
David Torres
  Vice President and Manager 
 
   
James Mcdade
 
James McDade
  Secretary and Manager 
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer
(Principal Financial Officer)

II-43


 

     
Signature   Title
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-44


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, Mizner Realty L.L.C. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Mizner Realty L.L.C.
 
 
  By:   Michael Donnelly    
    Michael Donnelly,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29, 2008.
             
Signature   Title        
 
   
Michael Donnelly
 
Michael Donnelly
  President and Manager (Principal Executive Officer)
 
   
Ronald Blum
 
Ronald Blum
  Vice President, Secretary and Manager
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-45


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, Orlando TBI Realty, LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Orlando TBI Realty, LLC
 
 
  By:   William C. Reilly    
    William C. Reilly,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29, 2008.
     
Signature   Title
 
   
William C. Reilly
 
William C. Reilly
  President and Manager (Principal Executive Officer)
 
   
Paige Colvin
 
Paige Colvin
  Secretary and Manager 
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer
(Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-46


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, South Riding Realty LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  South Riding Realty LLC
 
 
  By:   William Gilligan    
    William Gilligan,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29, 2008.
             
Signature   Title        
 
   
William Gilligan
 
William Gilligan
  President and Manager (Principal Executive Officer)
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-47


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, Toll Realty L.L.C. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Toll Realty L.L.C.
 
 
  By:   Ralph Reinert    
    Ralph Reinert,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29, 2008.
             
Signature   Title        
 
   
Ralph Reinert
 
Ralph Reinert
  President and Manager (Principal Executive Officer)
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-48


 

SIGNATURES AND POWER OF ATTORNEY
          Pursuant to the requirements of the Securities Act of 1933, Hawthorne Woods Country Club II LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Township of Horsham, Commonwealth of Pennsylvania, on October 29, 2008.
         
  Hawthorne Woods Country Club II LLC
 
 
  By:   Andrew Stern    
    Andrew Stern,   
    President   
 
          KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Robert I. Toll, Zvi Barzilay, Joel H. Rassman, Mark K. Kessler, John K. McDonald and Joseph R. Sicree, and each of them, jointly and severally, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this registration statement), and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents or any of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
          Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated on October 29, 2008.
             
Signature   Title        
 
   
Andrew Stern
 
Andrew Stern
  President (Principal Executive Officer) 
 
   
David H. Richey
 
David H. Richey
  Manager 
 
   
Mitchell P. Laskowitz
 
Mitchell P. Laskowitz
  Manager 
 
   
David A. Larkin
 
David A. Larkin
  Manager 

II-49


 

             
Signature   Title        
 
   
Joel H. Rassman
 
Joel H. Rassman
  Executive Vice President and Chief Financial Officer (Principal Financial Officer)
 
   
Joseph R. Sicree
 
Joseph R. Sicree
  Senior Vice President, Chief Accounting Officer, and Assistant Secretary (Principal Accounting Officer)

II-50


 

Schedule I of Additional Registrants
Exact Name of Registrant as Specified in its Charter
110-112 Third Ave. Realty Corp.
Bunker Hill Estates, Inc.
Chesterbrooke, Inc.
Connecticut Land Corp.
Daylesford Development Corp.
Fairway Valley, Inc.
First Huntingdon Finance Corp.
Franklin Farms G.P., Inc.
MA Limited Land Corporation
Maple Point, Inc.
Maryland Limited Land Corporation
Polekoff Farm, Inc.
Springfield Chase, Inc.
Stewarts Crossing, Inc.
Tenby Hunt, Inc.
Toll AZ GP Corp.
Toll Bros. of Arizona, Inc.
Toll Bros. of North Carolina, Inc.
Toll Bros. of North Carolina II, Inc.
Toll Bros. of North Carolina III, Inc.
Toll Bros., Inc.
Toll Bros., Inc.
Toll Bros., Inc.
Toll Brothers AZ Construction Company
Toll Brothers Canada USA, Inc.
Toll Brothers Finance Corp.
Toll Brothers Real Estate, Inc.
Toll CA GP Corp.
Toll CO GP Corp.
Toll Corp.
Toll Finance Corp.
Toll FL GP Corp.
Toll GA GP Corp.
Toll Holdings, Inc.
Toll IL GP Corp.
Toll Land Corp. No. 20
Toll Land Corp. No. 43
Toll Land Corp. No. 45
Toll Land Corp. No. 46
Toll Land Corp. No. 47
Toll Land Corp. No. 48
Toll Land Corp. No. 49
Toll Land Corp. No. 50
Toll Land Corp. No. 51
Toll Land Corp. No. 52
Toll Land Corp. No. 53
Toll Land Corp. No. 55
Toll Land Corp. No. 56
Toll Land Corp. No. 58
Toll Land Corp. No. 59
Toll Land Corp. No. 60

II-51


 

Schedule I of Additional Registrants (continued)
Exact Name of Registrant as Specified in its Charter
Toll Management AZ Corp.
Toll Management VA Corp.
Toll Manhattan I, Inc.
Toll MD Builder Corp.
Toll MN GP Corp.
Toll NC GP Corp.
Toll NH GP Corp.
Toll NJ Builder Corp.
Toll NV GP Corp.
Toll OH GP Corp.
Toll PA Builder Corp.
Toll PA GP Corp.
Toll PA II GP Corp.
Toll PA III GP Corp.
Toll Peppertree, Inc.
Toll Philmont Corporation
Toll Realty Holdings Corp. I
Toll Realty Holdings Corp. II
Toll RI GP Corp.
Toll SC GP Corp.
Toll TN GP Corp.
Toll TX GP Corp.
Toll VA GP Corp.
Toll WV GP Corp.
Toll Wood Corporation
Toll YL, Inc.
Valley Forge Conservation Holding GP Corp.
Warren Chase, Inc.
Windsor Development Corp.
51 N. 8th Street L.P.
Afton Chase, L.P.
Audubon Ridge, L.P.
Beaumont Chase, L.P.
Belmont Land, L.P.
Binks Estates Limited Partnership
Blue Bell Country Club, L.P.
Bridle Estates, L.P.
Broad Run Associates, L.P.
Buckingham Woods, L.P.
Bucks County Country Club, L.P.
Calabasas View, L.P.
CC Estates Limited Partnership
Chellis Hill Limited Partnership
Chesterbrooke Limited Partnership
Cobblestones at Thornbury, L.P.
Cold Spring Hunt, L.P.
Concord Chase, L.P.
Cortlandt Chase, L.P.
Dolington Estates, L.P.
Dominion Country Club, L.P.
Eagle Farm Limited Partnership
Estates at Coronado Pointe, L.P.

II-52


 

Schedule I of Additional Registrants (continued)
Exact Name of Registrant as Specified in its Charter
Estates at San Juan Capistrano, L.P.
Fair Lakes Chase, L.P.
Fairfax Investment, L.P.
Fairfax Station Hunt, L.P.
Farmwell Hunt, L.P.
Franklin Oaks Limited Partnership
Great Falls Hunt, L.P.
Great Falls Woods, L.P.
Greens at Waynesborough, L.P.
Hockessin Chase, L.P.
Holliston Hunt Limited Partnership
Huckins Farm Limited Partnership
Hunter Mill, L.P.
Huntington Estates Limited Partnership
Hurley Ridge Limited Partnership
Kensington Woods Limited Partnership
Loudoun Valley Associates, L.P.
Mill Road Estates, L.P.
Mount Kisco Chase, L.P.
NC Country Club Estates Limited Partnership
Newtown Chase Limited Partnership
Northampton Crest, L.P.
Northampton Preserve, L.P.
Preston Village Limited Partnership
Providence Plantation Limited Partnership
Regency at Dominion Valley, L.P.
River Crossing, L.P.
Seaside Estates Limited Partnership
Shrewsbury Hunt Limited Partnership
Somers Chase, L.P.
Somerset Development Limited Partnership
Sorrento at Dublin Ranch I LP
Sorrento at Dublin Ranch II LP
Sorrento at Dublin Ranch III LP
South Riding Amberlea LP
South Riding Partners Amberlea LP
South Riding Partners, L.P.
South Riding, L.P.
Southport Landing Limited Partnership
Springton Pointe, L.P.
Stone Mill Estates, L.P.
Swedesford Chase, L.P.
TBI/Heron Bay Limited Partnership
TBI/Naples Limited Partnership
TBI/Palm Beach Limited Partnership
The Bird Estate Limited Partnership
The Estates at Brooke Manor Limited Partnership
The Estates at Summit Chase, L.P.
The Preserve at Annapolis Limited Partnership
The Preserve at Boca Raton Limited Partnership

II-53


 

Schedule I of Additional Registrants (continued)
Exact Name of Registrant as Specified in its Charter
The Woods at Highland Lakes, L.P.
Toll at Brier Creek Limited Partnership
Toll at Daventry Park, L.P.
Toll at Payne Ranch, L.P.
Toll at Whippoorwill, L.P.
Toll Brooklyn L.P.
Toll Bros. of Tennessee, L.P.
Toll Brothers AZ Limited Partnership
Toll Brothers Maryland II Limited Partnership
Toll CA, L.P.
Toll CA II, L.P.
Toll CA III, L.P.
Toll CA IV, L.P.
Toll CA V, L.P.
Toll CA VI, L.P.
Toll CA VII, L.P.
Toll CA VIII, L.P.
Toll CA IX, L.P.
Toll CA X, L.P.
Toll CA XI, L.P.
Toll CA XII, L.P.
Toll CA XIII, L.P.
Toll CA XIV, L.P.
Toll CA XV, L.P.
Toll CA XVI, L.P.
Toll CA XVII, L.P.
Toll CA XVIII, L.P.
Toll CA XIX, L.P.
Toll CO, L.P.
Toll CT Limited Partnership
Toll CT II Limited Partnership
Toll CT Westport Limited Partnership
Toll Costa, L.P.
Toll DE LP
Toll East Naples Limited Partnership
Toll Estero Limited Partnership
Toll FL Limited Partnership
Toll FL II Limited Partnership
Toll FL III Limited Partnership
Toll FL IV Limited Partnership
Toll FL V Limited Partnership
Toll FL VI Limited Partnership
Toll FL VII Limited Partnership
Toll FL VIII Limited Partnership
Toll Ft. Myers Limited Partnership
Toll GA LP
Toll IL, L.P.
Toll IL II, L.P.
Toll IL III, L.P.
Toll IL IV, L.P.

II-54


 

Schedule I of Additional Registrants (continued)
Exact Name of Registrant as Specified in its Charter
Toll IL HWCC, L.P.
Toll IL WSB, L.P.
Toll Jacksonville Limited Partnership
Toll Land Limited Partnership
Toll Land V Limited Partnership
Toll Land VI Limited Partnership
Toll Land VII Limited Partnership
Toll Land IX Limited Partnership
Toll Land X Limited Partnership
Toll Land XIV Limited Partnership
Toll Land XV Limited Partnership
Toll Land XVII Limited Partnership
Toll Land XVIII Limited Partnership
Toll Land XIX Limited Partnership
Toll Land XX Limited Partnership
Toll Land XXI Limited Partnership
Toll Land XXII Limited Partnership
Toll Land XXIII Limited Partnership
Toll Land XXVI Limited Partnership
Toll Livingston at Naples Limited Partnership
Toll MA Land Limited Partnership
Toll MD Builder I, L.P.
Toll MD Limited Partnership
Toll MD II Limited Partnership
Toll MD III Limited Partnership
Toll MD IV Limited Partnership
Toll MD V Limited Partnership
Toll MD VI Limited Partnership
Toll MD VII Limited Partnership
Toll MD VIII Limited Partnership
Toll MD IX Limited Partnership
Toll MD X Limited Partnership
Toll MN, L.P.
Toll MN II, L.P.
Toll Naval Associates
Toll NC, L.P.
Toll NC II LP
Toll NH Limited Partnership
Toll NJ Builder I, L.P.
Toll NV Limited Partnership
Toll NY LP
Toll Orlando Limited Partnership
Toll PA, L.P.
Toll PA II, L.P.
Toll PA III, L.P.
Toll PA IV, L.P.
Toll PA V, L.P.
Toll PA VI, L.P.
Toll PA VII, L.P.
Toll PA VIII, L.P.

II-55


 

Schedule I of Additional Registrants (continued)
Exact Name of Registrant as Specified in its Charter
Toll PA IX, L.P.
Toll PA X, L.P.
Toll PA XI, L.P.
Toll PA XII, L.P.
Toll PA XIII, L.P.
Toll Realty Holdings LP
Toll Reston Associates, L.P.
Toll RI II, L.P.
Toll RI, L.P.
Toll SC, L.P.
Toll SC II, L.P.
Toll SC III, L.P.
Toll Stonebrae LP
Toll VA, L.P.
Toll VA II, L.P.
Toll VA III, L.P.
Toll VA IV, L.P.
Toll VA V, L.P.
Toll VA VI, L.P.
Toll VA VII, L.P.
Toll WV LP
Toll YL, L.P.
Toll YL II, L.P.
Toll-Dublin, L.P.
Trumbull Hunt Limited Partnership
Uwchlan Woods, L.P.
Valley Forge Conservation Holding, L.P.
Valley Forge Woods, L.P.
Valley View Estates Limited Partnership
Village Partners, L.P.
Waterford Preserve LP
Whiteland Woods, L.P.
Willowdale Crossing, L.P.
Wilson Concord, L.P.
110-112 Third Ave. GC II LLC
110-112 Third Ave. GC LLC
2301 Fallston Road LLC
5-01 — 5-17 48th Avenue GC II LLC
5-01 — 5-17 48th Avenue GC LLC
5-01 — 5-17 48th Avenue II LLC
5-01 — 5-17 48th Avenue LLC
51 N. 8th Street GC II LLC
51 N. 8th Street GC LLC
51 N. 8th Street I LLC
60 Industrial Parkway Cheektowaga, LLC
Arbor Hills Development LLC
Arthur’s Woods, LLC
Arundel Preserve #10a, LLC
Arundel Preserve #6, LLC
Big Branch Overlook L.L.C.
C.B.A.Z. Holding Company LLC

II-56


 

Schedule I of Additional Registrants (continued)
Exact Name of Registrant as Specified in its Charter
Colonial 40 I, LLC
Colonial 40 II, LLC
Component Systems I LLC
Component Systems II LLC
Creeks Farm L.L.C.
Feys Property LLC
Hunts Bluff LLC
Lighthouse Point Land Company, LLC
Long Meadows TBI, LLC
Longmeadow Properties LLC
Martinsburg Ventures, L.L.C.
Paramount Village LLC
Phillips Drive LLC
Prince William Land I LLC
Prince William Land II LLC
Regency at Dominion Valley LLC
Sapling Ridge, LLC
SR Amberlea LLC
SRLP II LLC
TB Kent Partners LLC
The Ridges at Belmont Country Club I LLC
The Ridges at Belmont Country Club II LLC
Toll Austin TX LLC
Toll Cedar Hunt LLC
Toll CO I LLC
Toll Corners LLC
Toll Dallas TX LLC
Toll-Dublin, LLC
Toll Equipment, L.L.C.
Toll FL I, LLC
Toll Glastonbury LLC
Toll IN LLC
Toll Jupiter LLC
Toll Locust Hill LLC
Toll MD I, L.L.C.
Toll MD II LLC
Toll NJ III, LLC
Toll Reston Associates, L.L.C.
Toll San Antonio TX LLC
Toll Stratford LLC
Toll VA L.L.C.
Toll VA III L.L.C.
Toll Van Wyck, LLC
Toll Vanderbilt I LLC
Toll Vanderbilt II LLC
Vanderbilt Capital LLC
Virginia Construction Co. I, LLC
Virginia Construction Co. II, LLC

II-57


 

Schedule II of Additional Registrants
Exact Name of Registrant as Specified in its Charter
Amwell Chase, Inc.
Toll Land Corp. No. 6
Toll Land Corp. No. 10
Bernards Chase, L.P.
Branchburg Ridge, L.P.
Brass Castle Estates, L.P.
Charlestown Hills, L.P.
Estates at Princeton Junction, L.P.
Estates at Rivers Edge, L.P.
Fairway Mews Limited Partnership
Greenwich Chase, L.P.
Greenwich Station, L.P.
Hoboken Land LP
Holland Ridge, L.P.
Hopewell Hunt, L.P.
Hunterdon Chase, L.P.
Hunterdon Ridge, L.P.
Laurel Creek, L.P.
Manalapan Hunt, L.P.
Montgomery Chase, L.P.
Moorestown Hunt, L.P.
Patriots, L.P.
Princeton Hunt, L.P.
Rolling Greens, L.P.
The Woods at Long Valley, L.P.
Toll at Princeton Walk, L.P.
Toll at Westlake, L.P.
Toll Cliffs Urban Renewal Company LP
Toll Grove LP
Toll Hudson LP
Toll Land IV Limited Partnership
Toll Land XI Limited Partnership
Toll Land XVI Limited Partnership
Toll Land XXV Limited Partnership
Toll Marshall LP
Toll NJ, L.P.
Toll NJ II, L.P.
Toll NJ III, L.P.
Toll NJ IV, L.P.
Toll NJ V, L.P.
Toll NJ VI, L.P.
Toll NJ VII, L.P.
Toll NJ VIII, L.P.
Toll NJ XI, L.P.
Toll Park LP
Washington Greene Development, L.P.
West Amwell Limited Partnership
1500 Garden St. LLC
700 Grove Street Urban Renewal, LLC

II-58


 

Schedule II of Additional Registrants (continued)
Exact Name of Registrant as Specified in its Charter
Block 255 LLC
CWG Construction Company LLC
High Pointe at Hopewell, LLC
Hoboken Cove LLC
Regency at Denville LLC
Regency at Long Valley I LLC
Regency at Long Valley II LLC
Regency at Mansfield I LLC
Regency at Mansfield II LLC
Regency at Washington I LLC
Regency at Washington II LLC
Toll EB, LLC
Toll Hoboken LLC
Toll Morgan Street LLC
Toll NJ I, L.L.C.
Toll NJ II, L.L.C.

II-59


 

Schedule III of Additional Registrants
Exact Name of Registrant as Specified in its Charter
HQZ Acquisitions, Inc.
SH Homes Corporation
SI Investment Corporation
The Silverman Building Companies, Inc.
Toll Development Company, Inc.
Toll MI GP Corp.
Toll Realty Holdings Corp. III
Cheltenham Estates Limited Partnership
Silverman-Toll Limited Partnership
Timber Ridge Investment Limited Partnership
Toll at Honey Creek Limited Partnership
Toll MI Limited Partnership
Toll MI II Limited Partnership
Toll MI III Limited Partnership
Toll MI IV Limited Partnership
Toll MI V Limited Partnership
Toll Northville Golf Limited Partnership
Toll Northville Limited Partnership

II-60


 

Schedule IV of Additional Registrants
Exact Name of Registrant as Specified in its Charter
First Brandywine Finance Corp.
First Brandywine Investment Corp. II
First Brandywine Investment Corp. III
First Brandywine Investment Corp. IV
TB Proprietary Corp.
TB Proprietary LP, Inc.
Toll Bay Corp.
Toll Bay Corp. II
Toll Bros. of Tennessee, Inc.
Toll Buckeye Corp.
Toll Buckeye Corp. II
Toll Centennial Corp.
Toll Copper Corp.
Toll Copper Corp. II
Toll Diamond Corp.
Toll Diamond Corp. II
Toll Dominion Corp.
Toll Dominion Corp. II
Toll Empire Corp.
Toll Empire Corp. II
Toll Garden Corp.
Toll Garden Corp. II
Toll Golden Corp.
Toll Granite Corp.
Toll Granite Corp. II
Toll Great Lakes Corp.
Toll Great Lakes Corp. II
Toll Keystone Corp.
Toll Keystone Corp. II
Toll Lone Star Corp.
Toll Lone Star Corp. II
Toll Mid-Atlantic LP Company, Inc.
Toll Mid-Atlantic Note Company, Inc.
Toll Midwest LP Company, Inc.
Toll Midwest Note Company, Inc.
Toll NJX III Corp.
Toll NJX IV Corp.
Toll NJX-I Corp.
Toll NJX-II Corp.
Toll Northeast LP Company, Inc.
Toll Northeast Note Company, Inc.
Toll Nutmeg Corp.
Toll Nutmeg Corp. II
Toll Old Line Corp.
Toll Old Line Corp. II
Toll Palmetto Corp.
Toll Palmetto Corp. II
Toll Plantation Corp.
Toll Plantation Corp. II
Toll Prairie Corp.
Toll Sagebrush Corp.
Toll Southeast LP Company, Inc.

II-61


 

Schedule IV of Additional Registrants (continued)
Exact Name of Registrant as Specified in its Charter
Toll Southeast Note Company, Inc.
Toll Southwest LP Company, Inc.
Toll Southwest Note Company, Inc.
Toll Sunshine Corp.
Toll Sunshine Corp. II
Toll Tar Heel Corp.
Toll Tar Heel Corp. II
Toll VA Member Two, Inc.
Toll WestCoast LP Company, Inc.
Toll WestCoast Note Company, Inc.
First Brandywine Partners, L.P.
Rose Hollow Crossing Associates
TB Proprietary, L.P.
First Brandywine LLC I
First Brandywine LLC II
First Brandywine LLC III
First Brandywine LLC IV
Toll DE X II, LLC
Toll DE X, LLC

II-62


 

Schedule V of Additional Registrants
Exact Name of Registrant as Specified in its Charter
The Regency Golf Club I LLC
The Regency Golf Club II LLC

II-63


 

Schedule VI of Additional Registrants
Exact Name of Registrant as Specified in its Charter
Toll Henderson LLC
Toll North LV LLC
Toll North Reno LLC
Toll NV Holdings LLC
Toll South LV LLC
Toll South Reno LLC

II-64


 

Schedule VII of Additional Registrants
Exact Name of Registrant as Specified in its Charter
Naples TBI Realty, LLC
Tampa TBI Realty LLC

II-65


 

Schedule VIII of Additional Registrants
Exact Name of Registrant as Specified in its Charter
Belmont Country Club I LLC
Belmont Country Club II LLC
Naples Lakes Country Club, L.L.C.

II-66


 

Schedule IX of Additional Registrants
Exact Name of Registrant as Specified in its Charter
Brier Creek Country Club I LLC
Brier Creek Country Club II LLC

II-67


 

Schedule X of Additional Registrants
Exact Name of Registrant as Specified in its Charter
Dominion Valley Country Club I LLC
Dominion Valley Country Club II LLC

II-68


 

Schedule XI of Additional Registrants
Exact Name of Registrant as Specified in its Charter
Golf I Country Club Estates at Moorpark LLC
Golf II Country Club Estates at Moorpark LLC

II-69


 

Schedule XII of Additional Registrants
Exact Name of Registrant as Specified in its Charter
Palm Cove Golf & Yacht Club I LLC
Palm Cove Golf & Yacht Club II LLC
Palm Cove Marina I LLC
Palm Cove Marina II LLC

II-70


 

EXHIBIT INDEX
     
Exhibit No.   Description
 
   
1.1**
  Underwriting Agreement.
 
   
4.1
  Second Restated Certificate of Incorporation for Toll Brothers, Inc. dated September 8, 2005, is hereby incorporated by reference to Exhibit 3.1 of the Registrant’s Form 10-Q for the quarter ended July 31, 2005.
 
   
4.2
  Amended and Restated By-Laws of Toll Brothers, Inc. dated June 11, 2008, are hereby incorporated by reference to Exhibit 3.1 of the Registrant’s Form 8-K filed on June 13, 2008.
 
   
4.3
  Specimen Common Stock Certificate is hereby incorporated by reference to Exhibit 4.1 of the Registrant’s Form 10-K for the fiscal year ended October 31, 1991.
 
   
4.4
  Certificate of Amendment of Certificate of Designations, Preferences and Rights of Series A Junior Participating Preferred Stock of the Registrant is hereby incorporated by reference to Exhibit 3.1 of the Registrant’s Form 8-K filed on June 18, 2007.
 
   
4.5**
  Form of stock certificate for the Preferred Stock of the Registrant.
 
   
4.6**
  Form of Debt Securities.
 
   
4.7**
  Form of Warrant Agreement.
 
   
4.8**
  Form of Warrant Certificate.
 
   
4.9**
  Form of Guarantee of Debt Securities.
 
   
4.10*
  Form of Indenture for Senior Debt Securities.
 
   
4.11*
  Form of Indenture for Subordinated Debt Securities.
 
   
4.12
  Rights Agreement dated as of June 13, 2007, by and between the Registrant and American Stock Transfer & Trust Company, as Rights Agent, is hereby incorporated by reference to Exhibit 4.1 to the Registrant’s Form 8-K filed on June 18, 2007.
 
   
5*
  Form of Opinion of WolfBlock LLP, Philadelphia, Pennsylvania.
 
   
10.1
  Amended and Restated Credit Agreement by and among First Huntingdon Finance Corp., the Registrant and the lenders which are parties thereto dated as of March 17, 2006, is hereby incorporated by reference to Exhibit 10.1 to the Registrant’s Form 10-Q for the quarter ended April 30, 2006.
 
   
12*
  Statement Regarding Computation of Ratio of Earnings to Fixed Charges.
 
   
23.1
  Consent of WolfBlock LLP (included as part of Exhibit 5.1).
 
   
23.2*
  Consent of Ernst & Young LLP Independent Registered Public Accounting Firm.
 
   
24*
  Power of Attorney (included in signature pages hereto).
 
   
25.1**
  Statement of Eligibility on Form T-1 under the Trust Indenture Act of 1939, of trustee for the debt securities.
 
*   Filed herewith.
 
**   To be filed by amendment or as an exhibit to a report filed under the Exchange Act and incorporated herein by reference.