Company: SUNE
Filing Date: 2025-08-18
Form Type: 424B5
Source: 0001213900-25-078001
Chunk: 60

Company: SUNation Energy, Inc.
Filing Date: 2025-08-18
Form: 424B5
Chunk 60
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 applicable trustee each year that states, to the knowledge of the certifying officers, whether or not any defaults
exist under the terms of the applicable indenture. The applicable trustee may withhold notice to the holders of debt securities of any
default, except defaults in the payment of principal, premium, interest or any sinking fund installment, if it considers the withholding
of notice to be in the interest of the holders. For purposes of this paragraph, “default” means any event which is, or after
notice or lapse of time or both would become, an event of default under the applicable indenture with respect to the debt securities of
the applicable series.

Other than its duties in the case of a default,
a trustee is not obligated to exercise any of its rights or powers under the applicable indenture at the request, order or direction of
any holders, unless the holders offer that trustee security or indemnity satisfactory to the trustee. If satisfactory indemnification
is provided, then, subject to other rights of the trustee, the holders of a majority in principal amount of the outstanding debt securities
of any series may, with respect to the debt securities of that series, direct the time, method and place of:

| ● | conducting any proceeding for any remedy available to the trustee; or |

| ● | exercising any trust or power conferred upon the trustee. |

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The holder of a debt security of any series will
have the right to begin any proceeding with respect to the applicable indenture or for any remedy only if:

| ● | the holder has previously given the trustee written notice of a continuing event of default with respect to that series; |

| ● | the holders of at least 25% in aggregate principal amount of the outstanding debt securities of that series have made a written request of, and offered reasonable indemnification to, the trustee to begin such proceeding; |

| ● | the trustee has not started such proceeding within 60 days after receiving the request; and |

| ● | the trustee has not received directions inconsistent with such request from the holders of a majority in aggregate principal amount of the outstanding debt securities of that series during those 60 days. |

However, the holder of any debt security will have
an absolute right to receive payment of principal of and any premium and interest on the debt security when due and to institute suit
to enforce this payment, subject to limitations with respect to subordinated debt securities.

Defeasance

Defeasance and Discharge.At the
time