Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 115

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 115
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30 days in the payment of any interest on any
Note; (b) a default in the payment of the principal of (or premium, if any, on) any Note when due; (c) a default in the performance,
or breach, of any other covenant or warranty in the Indenture (other than a covenant or warranty included in the Indenture solely for
the benefit of one or more series of securities other than the Notes) which default or breach continues for a period of 60 days after
notice; (d) a default in the payment, at the stated maturity, of any outstanding indebtedness for money borrowed by the Company
or Allied World in excess of $100,000,000 and continuing after any applicable grace period, which default shall not have been cured or
waived, or the acceleration of indebtedness for money borrowed by the Company or Allied World outstanding under or evidenced by any single
Indenture or instrument in excess of $100,000,000, if such indebtedness has not been discharged, or such acceleration has not been rescinded
or annulled, within 10 days after written notice has been given by the trustee, or the holders of at least 25% in principal amount of
the outstanding Notes, as provided in the Indenture; and (e) certain events of bankruptcy, insolvency or reorganization.

If an event of default relating
to a default in payment of principal of (or premium, if any, on) or interest on the Notes, or to a default in the performance, or breach,
of any other covenant or warranty of the Company or Allied World applicable to the Notes but not applicable to all outstanding securities
issued under the Indenture, or to a default in the payment, at stated maturity, of, or to the acceleration of, any indebtedness for money
borrowed shall have occurred and be continuing, the trustee or the holders of not less than 25% in principal amount of the Notes then
outstanding may then declare the principal of all Notes to be due and payable immediately. If an event of default relating to a default
in the performance, or breach, of any other covenant or warranty in the Indenture applicable to all securities issued thereunder and
then outstanding shall have occurred and be continuing, the trustee or the holders of not less than 25% in principal amount of all securities
issued under the Indenture and then outstanding (treated as one class) may declare the principal amount of all