Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 30

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 30
---
, transfer, conveyance or other disposition has been made assumes all the obligations of the Issuer under the Notes and the Indenture pursuant to agreements reasonably satisfactory to the Trustee; and |

| (3) | immediately after such transaction, on a pro forma basis giving effect to such transaction or series of transactions (and                                                                                                                            
 treating any obligation of the Issuer or any Restricted Subsidiary incurred in connection with or as a result of such transaction or series of transactions as having been incurred at the time of such transaction), no Default or Event of Default 
 exists under the Indenture.                                                                                                                                                                                                                          |

This covenant will not apply to a sale, assignment, transfer, conveyance or other disposition of assets between or among the Issuer and its Restricted Subsidiaries. Upon any consolidation or merger, or any sale, assignment, transfer, conveyance, transfer or other disposition of all or substantially all of the properties or assets of the Issuer in accordance with the foregoing provisions, the successor Person formed by such consolidation or into which the Issuer is merged or to which such sale, assignment, transfer, conveyance or other disposition is made, shall succeed to, and be substituted for, and may exercise every right and power of, the Issuer under the Indenture with the same effect as if such successor initially had been named as the Issuer therein. When a successor assumes all the obligations of its predecessor under the Indenture and the Notes following a consolidation or merger, or any sale, assignment, transfer, conveyance, transfer or other disposition of 90% or more of the assets of the predecessor in accordance with the foregoing provisions, the predecessor shall be released from those obligations. Events of default, notice and waiver The Indenture provides that the term “Event of Default” with respect to the Notes means any of the following:

| (1) | the Issuer or its Restricted Subsidiaries do not pay the principal or any premium on the Notes when due and payable; |

| (2) | the Issuer or its Restricted Subsidiaries do not pay interest on the Notes within 30 days after the applicable due date; |

| (3) | The Issuer or its Restricted Subsidiaries do not comply with its obligations under “—Merger, Consolidation or 
 Sale”;                                                                                                        |

| (4) | the Issuer or its Restricted Subsidiaries remain in breach of any other term of the Indenture for 60 days after they