Company: FRFXF
Filing Date: 2025-10-09
Form Type: F-10/A
Source: 0001104659-25-098335
Chunk: 71

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-10-09
Form: F-10/A
Chunk 71
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 market for debt securities, (d) a declaration of a banking moratorium or any suspension of payments in respect of banks by federal or state authorities in Canada or the United States, whether or not mandatory, (e) a commencement of a war, armed hostilities, a terrorist act or other national or international calamity directly or indirectly relating to Canada or the United States, (f) any limitation, whether or not mandatory, by any governmental authority on, or other event having a reasonable likelihood of affecting, the extension of credit by banks or other lending institutions in Canada or the United States, (g) any material adverse change in the securities or financial markets in Canada or the United States generally, or (h) in the case of any of the foregoing existing at the time of the commencement of the applicable Exchange Offer(s), a material acceleration or worsening thereof; and

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The Bank of New York Mellon, as trustee for each series of the Initial Notes, shall have not been directed by any holders of Initial Notes of the applicable series to object in any respect to, nor take any action that could, in the Company’s reasonable judgment, adversely affect the consummation of the applicable Exchange Offer(s) or the exchange of Initial Notes for Exchange Notes of the applicable series under the applicable Exchange Offer(s), nor shall the trustee have taken any action that challenges the validity or effectiveness of the procedures used by the Company in making the applicable Exchange Offer(s) or the exchange of Initial Notes for Exchange Notes of the applicable series under the applicable Exchange Offer(s).

In addition, subject to applicable law, the Company may in its absolute discretion terminate either Exchange Offer for any other reason. Notwithstanding any of the foregoing to the contrary, neither Exchange Offer is conditioned upon the completion of the other Exchange Offer. The Company reserves discretion to complete one Exchange Offer but not the other Exchange Offer, and accordingly, the Company may extend the applicable Expiration Date, or otherwise amend or terminate, either Exchange Offer independently of the other Exchange Offer.

The foregoing conditions are for the Company’s sole benefit and may be asserted by the Company, regardless of the circumstances giving rise to any such condition, or may be waived by the Company, in whole or in part, at any time and from time to time in the Company’s reasonable discretion. All such conditions must be satisfied or waived by the Company, as applicable, at or before the expiration of the applicable Exchange Offer(s).

If any of the foregoing conditions are not satisfied, the Company may, at any time on or prior to the applicable