Company: BLRX
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001178913-25-000045
Chunk: 80

Company: BioLineRx Ltd.
Filing Date: 2025-01-07
Form: 424B5
Chunk 80
---
 allows us to make the above deposit without causing you to be                                 
 taxed on the debt securities any differently than if we did not make the deposit and just repaid the debt securities ourselves at maturity. Under current U.S. federal tax law, the deposit and our legal release from the debt securities 
 would be treated as though we paid you your share of the cash and notes or bonds at the time the cash and notes or bonds were deposited in trust in exchange for your debt securities and you would recognize gain or loss on the debt     
 securities at the time of the deposit.                                                                                                                                                                                                     |

| • | We must deliver to the trustee a legal opinion of our counsel stating that the above deposit does not require registration by us under the 1940 Act and a legal opinion and officers’ certificate stating that 
 all conditions precedent to defeasance have been complied with.                                                                                                                                                |

| • | Defeasance must not result in a breach of the indenture or any of our other material agreements. |

| • | Satisfy the conditions for covenant defeasance contained in any supplemental indentures. |

If we ever did accomplish full defeasance, as described above, you would have to rely solely on the trust deposit for repayment of the debt securities. You could not look to us for repayment in the unlikely event of any shortfall. Conversely, the trust deposit would most likely be protected from claims of our lenders and other creditors if we ever became bankrupt or insolvent. If applicable, you would also be released from the subordination provisions described later under “Indenture Provisions — Subordination.” Form, Exchange, and Transfer of Certificated Registered Securities If registered debt securities cease to be issued in book-entry form, they will be issued:

| • | only in fully registered certificated form; |

| • | without interest coupons; and |

| • | unless we indicate otherwise in the prospectus supplement, in denominations of $1,000 and amounts that are multiples of $1,000. |

Holders may exchange their certificated securities for debt securities of smaller denominations or combined into fewer debt securities of larger denominations, as long as the total principal amount is not changed and as long as the denomination is greater than the minimum denomination for such securities. Holders may exchange or transfer their certificated securities at the office of their trustee. We have appointed the trustee to act as our agent for registering debt securities in the names of holders transferring debt securities. We may appoint another entity to perform these functions or perform