Company: PAYX
Filing Date: 2025-04-09
Form Type: 424B2
Source: 0001193125-25-076822
Chunk: 31

Company: PAYCHEX INC
Filing Date: 2025-04-09
Form: 424B2
Chunk 31
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 acquisition, or all or any portion of the cost of refurbishment, improvement, expansion, renovation, development or construction of any 
 Property; provided that with respect to this clause (a), the Liens shall be given prior to, at the time of or within 24 months after such acquisition, or completion of such refurbishment, improvement, expansion, renovation, development or        
 construction, or the full operation of such Property, whichever is latest, and shall attach solely to such Property (including any refurbishments, improvements, expansions, renovations, development or construction thereof or then or thereafter   
 placed thereon) and any proceeds thereof; and (b) Liens existing on all or any portion of any Property at the time of acquisition thereof (including acquisition through merger or consolidation or the acquisition of a Person then directly or      
 indirectly owning such property) whether or not such existing Liens were given to secure (or to secure Indebtedness incurred or guaranteed by us or any of our domestic wholly owned subsidiaries for the purpose of financing) the payment of the    
 purchase price of such Property;                                                                                                                                                                                                                      |

| (5) | Liens on any Property in favor of the United States of America or any state thereof, or in favor of any other                                                                                                                                          
 country, or any political subdivision, department, agency or instrumentality thereof to secure progress or other payments pursuant to any contract or statute or to secure Indebtedness incurred or guaranteed for the purpose of financing all or any 
 portion of the cost of acquiring, refurbishing, improving, expanding, renovating, developing or constructing such Property, including Liens incurred in connection with pollution control, industrial revenue or similar financing;                    |

| (6) | certain statutory or legislative Liens or other similar Liens (including pledges, deposits, carriers’,                                                                                                                        
 warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law) arising in the ordinary course of our or any of our domestic wholly owned subsidiaries’ business, or certain Liens arising out of 
 government contracts;                                                                                                                                                                                                         |

| (7) | Liens in connection with legal proceedings, including certain Liens arising out of judgments or awards, in each                                                                                                                                           
 case so long as such Lien is adequately bonded and any appropriate legal proceedings that may have been initiated for the review of such judgment, decree or order shall not have been finally terminated or the period within which such proceedings may 
 be initiated shall not have expired;                                                                                                                                                                                                                      |

| (8) | Li