Company: FRFXF
Filing Date: 2025-03-14
Form Type: F-4
Source: 0001104659-25-024010
Chunk: 61

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-14
Form: F-4
Chunk 61
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or                                                         
 our subsidiaries’) business, condition (financial or otherwise), income, operations,         
 properties, assets, liabilities or prospects or materially impairs the contemplated benefits 
 to us of the Exchange Offer or the exchange of Initial Notes for Exchange Notes under the    
 Exchange Offer as described in this prospectus;                                              |

| · | nothing                                                                                    
 has occurred or may occur that would prohibit, prevent, or materially restrict or delay,   
 the Exchange Offer or materially impair our ability to realize the anticipated benefits of 
 the Exchange Offer, as described in this prospectus;                                       |

| - 36 - |

| · | there                                                                                           
 shall not have occurred: (a) any general suspension of or limitation on trading in securities   
 in Canadian or United States securities or financial markets, whether or not mandatory, (b) any 
 material adverse change in the prices of the Initial Notes that are the subject of the Exchange 
 Offer, (c) a material impairment in the general trading 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 relating to Canada or the United States, (f) any material limitation     
 by any governmental authority on 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 Exchange Offer, a material     
 acceleration or worsening thereof; and                                                          |

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

The foregoing conditions
are for our sole benefit and may be asserted by us, regardless of the circumstances giving rise to any such condition, or may be waived