Company: SUNE
Filing Date: 2025-02-27
Form Type: 424B5
Source: 0001213900-25-017771
Chunk: 86

Company: SUNation Energy, Inc.
Filing Date: 2025-02-27
Form: 424B5
Chunk 86
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 the applicable indenture at the request, order or direction of
any holders, unless the holders offer that trustee security or indemnity satisfactory to the trustee. If satisfactory indemnification
is provided, then, subject to other rights of the trustee, the holders of a majority in principal amount of the outstanding debt securities
of any series may, with respect to the debt securities of that series, direct the time, method and place of:

| ● | conducting any proceeding for any remedy available to the trustee; or |

| ● | exercising any trust or power conferred upon the trustee. |

The holder of a debt security of any series will
have the right to begin any proceeding with respect to the applicable indenture or for any remedy only if:

| ● | the holder has previously given the trustee written notice of a continuing event of default with respect to that series; |

| ● | the holders of at least 25% in aggregate principal amount of the outstanding debt securities of that series have made a written request of, and offered reasonable indemnification to, the trustee to begin such proceeding; |

| ● | the trustee has not started such proceeding within 60 days after receiving the request; and |

| ● | the trustee has not received directions inconsistent with such request from the holders of a majority in aggregate principal amount of the outstanding debt securities of that series during those 60 days. |

However, the holder of any debt security will have
an absolute right to receive payment of principal of and any premium and interest on the debt security when due and to institute suit
to enforce this payment, subject to limitations with respect to subordinated debt securities.

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Defeasance

Defeasance and Discharge.At
the time that we establish a series of debt securities under the applicable indenture, we can provide that the debt securities of that
series are subject to the defeasance and discharge provisions of that indenture. Unless we specify otherwise in the applicable prospectus
supplement, the debt securities offered thereby will be subject to the defeasance and discharge provisions of the applicable indenture,
and we will be discharged from our obligations on the debt securities of that series if:

| ● | we deposit with the applicable trustee, in trust, sufficient money or, if the debt securities of that series are denominated and payable in U.S. dollars only, Eligible Instruments, to pay the principal, any interest, any premium and any other sums due on the debt securities of that series, such as