Company: OXLCZ
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001213900-25-015045
Chunk: 35

Company: Oxford Lane Capital Corp.
Filing Date: 2025-02-19
Form: 424B2
Chunk 35
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 banks or brokers for information on how to give notice or direction to or make a request of the trustee and how to declare or cancel an acceleration of maturity. Each year, we will furnish to the trustee a written statement of certain of our officers certifying that to their knowledge we are in compliance with the indenture and the Notes, or else specifying any default. Waiver of Default The holders of a majority in principal amount of the Notes may waive any past defaults other than a default in: •the payment of principal or interest; or •in respect of a covenant that cannot be modified or amended without the consent of each holder of the Notes. Merger or Consolidation Under the terms of the indenture, we are generally permitted to consolidate or merge with another entity. We are also permitted to sell all or substantially all of our assets to another entity. However, we may not take any of these actions unless all the following conditions are met: •where we merge out of existence or convey or transfer our assets substantially as an entirety, the resulting entity must agree to be legally responsible for our obligations under the Notes; •the merger or sale of assets must not cause a default on the Notes and we must not already be in default (unless the merger or sale would cure the default). For purposes of this no -defaulttest, a default would include an Event of Default that has occurred and has not been cured, as described under “Events of Default” above. A default for this purpose would also include any event that would be an Event of Default if the requirements for giving us a notice of default or our default having to exist for a specific period of time were disregarded; and •we must deliver certain certificates and documents to the trustee. Modification or Waiver There are three types of changes we can make to the indenture and the Notes issued thereunder. Changes Requiring Your Approval First, there are changes that we cannot make to your Notes without your specific approval. The following is a list of those types of changes: •change the stated maturity of the principal of or interest on the Notes; •reduce any amounts due on the Notes or reduce the rate of interest on the Notes; •reduce the amount of principal payable upon acceleration of the maturity of a Note following a default; •change the place or currency of payment on a Note; •impair your right to sue for payment; •reduce the percentage of holders of Notes whose consent is needed to modify or amend the indenture; and •reduce the percentage of holders of Notes whose consent is