MDC HOLDINGS INC
10-Q, EX-4.6, 2000-11-03
OPERATIVE BUILDERS
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                                                                     Exhibit 4.6


                             CONSENT OF GUARANTORS


         Each of the  undersigned  (a) is a Guarantor  under a Guaranty (each, a
"Guaranty")  dated  October  8,  1999  guarantying  the  obligations  of  M.D.C.
Holdings, Inc. under a certain Credit Agreement dated as of October 8, 1999 (the
"Credit  Agreement";  terms used herein shall have the meanings  provided for in
the Credit Agreement), (b) does hereby acknowledge and consent to the Commitment
and   Acceptance  of  even  date  herewith  by  and  among  the  Borrower,   the
Administrative  Agent,  and U.S. Bank,  National  Association,  providing for an
increase of the Aggregate  Commitment to $413,000,000  and (c)  acknowledges and
agrees that its obligations under its Guaranty remain in full force and effect.

         This Consent of  Guarantors is executed and delivered as of October 16,
2000.

                                     RICHMOND AMERICAN HOMES OF CALIFORNIA,
                                      INC., a Colorado corporation

                                     By:  /s/ John J. Heaney
                                        ---------------------------------------
                                     Name:    John J. Heaney, Vice President

                                     RICHMOND AMERICAN HOMES OF MARYLAND,
                                      INC., a Maryland corporation

                                     By:  /s/ John J. Heaney
                                        ---------------------------------------
                                     Name:    John J. Heaney, Vice President

                                     RICHMOND AMERICAN HOMES OF NEVADA,
                                      INC., a Colorado corporation

                                     By:  /s/ John J. Heaney
                                        ---------------------------------------
                                     Name:    John J. Heaney, Vice President

                                     RICHMOND AMERICAN HOMES OF Virginia,
                                      INC., a Virginia corporation

                                     By:  /s/ John J. Heaney
                                        ---------------------------------------
                                     Name:    John J. Heaney, Vice President

                                     RICHMOND AMERICAN HOMES OF ARIZONA,
                                      INC., a Delaware corporation

                                     By:  /s/ John J. Heaney
                                        ---------------------------------------
                                     Name:    John J. Heaney, Vice President


<PAGE>

                                     RICHMOND AMERICAN HOMES OF COLORADO,
                                      INC., a Delaware corporation

                                     By:  /s/ John J. Heaney
                                        ---------------------------------------
                                     Name:    John J. Heaney, Vice President

                                     RICHMOND AMERICAN HOMES OF NORTHERN,
                                      CALIFORNIA, INC., a Colorado corporation

                                     By:  /s/ John J. Heaney
                                        ---------------------------------------
                                     Name:    John J. Heaney, Vice President

                                     M.D.C. LAND CORPORATION, INC.,
                                      a Colorado corporation

                                     By:  /s/ John J. Heaney
                                        ---------------------------------------
                                     Name:    John J. Heaney, Vice President

                                     RICHMOND AMERICAN CONSTRUCTION, INC.,
                                      a Delaware corporation

                                     By:  /s/ John J. Heaney
                                        ---------------------------------------
                                     Name:    John J. Heaney, Vice President






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