Company: LAZ
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001311370-25-000027
Chunk: 29

Company: Lazard, Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 29
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 the provisions described under “—Merger, Consolidation or Sale of Assets”) representing more than 75% of the voting power of our membership units (or other Capital Stock of our successor pursuant to the provisions described under “—Merger, Consolidation or Sale of Assets”) entitled to vote generally in the election of directors or (y) for so long as Lazard, Inc. controls us, common stock of Lazard, Inc. representing more than 75% of the voting power of common stock of Lazard, Inc. entitled to vote generally in the election of directors of Lazard, Inc.; or

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(3) (x) a consolidation or merger involving us or, for so long as Lazard, Inc. controls us, Lazard, Inc. or (y) a disposition of all or substantially all of our properties and assets to another person, other than the following transactions:

(a) any transaction undertaken solely for the purpose of changing our or Lazard, Inc.’s jurisdiction of organization or legal form;

(b) any transaction involving Lazard, Inc. or any of its subsidiaries (including any of our subsidiaries), so long as such transaction is not part of a plan or a series of transactions designed to or having the effect of merging or consolidating with, or disposing all or substantially all our properties and assets to, any person (other than a Permitted Holder);

(c) in the case of a transaction involving the merger or consolidation of Lazard, Inc. with another person, any transaction pursuant to which holders of Lazard, Inc. common stock immediately prior to the transaction have the entitlement to exercise, directly or indirectly, 50% or more of the voting power of all equity interests entitled to vote generally in the election of directors of the continuing or surviving or successor entity immediately after giving effect to such transaction; or

(d) in the case of a transaction involving the merger or consolidation of us with another person, any transaction pursuant to which holders of our membership interests immediately prior to the transaction have the entitlement to exercise, directly or indirectly, 50% or more of the voting power of all equity interests entitled to vote generally in the election of directors of the continuing or surviving or successor entity immediately after giving effect to such transaction.

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

“Fitch” means Fitch Ratings Inc. and any successor entity.

“Investment Grade Rating”