Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 116

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 116
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 by the Company or
Allied World in excess of $100,000,000 and continuing after any applicable grace period, which default shall not have been cured or waived,
or the acceleration of indebtedness for money borrowed by the Company or Allied World outstanding under or evidenced by any single Indenture
or instrument in excess of $100,000,000, if such indebtedness has not been discharged, or such acceleration has not been rescinded or
annulled, within 10 days after written notice has been given by the trustee, or the holders of at least 25% in principal amount of the
outstanding Notes, as provided in the Indenture; and (e) certain events of bankruptcy, insolvency or reorganization.

If an event of default relating
to a default in payment of principal of (or premium, if any, on) or interest on the Notes, or to a default in the performance, or breach,
of any other covenant or warranty of the Company or Allied World applicable to the Notes but not applicable to all outstanding securities
issued under the Indenture, or to a default in the payment, at stated maturity, of, or to the acceleration of, any indebtedness for money
borrowed shall have occurred and be continuing, the trustee or the holders of not less than 25% in principal amount of the Notes then
outstanding may then declare the principal of all Notes to be due and payable immediately. If an event of default relating to a default
in the performance, or breach, of any other covenant or warranty in the Indenture applicable to all securities issued thereunder and then
outstanding shall have occurred and be continuing, the trustee or the holders of not less than 25% in principal amount of all securities
issued under the Indenture and then outstanding (treated as one class) may declare the principal amount of all the securities then outstanding
to be due and payable immediately. If an event of default described in clause (e) above shall occur, other than with respect to one
of the Company’s or Allied World’s subsidiaries, the principal amount of all the securities will automatically, and without
any action by the trustee or any holder, become immediately due and payable. In each case, the holders of a majority in principal amount
of the outstanding Notes may under certain circumstances rescind and annul such declaration by written notice to the Company, Allied World
and the trustee. In the event of a declaration of acceleration because an event of default specified