Company: SNPS
Filing Date: 2025-03-05
Form Type: 424B5
Source: 0001140361-25-007235
Chunk: 66

Company: SYNOPSYS INC
Filing Date: 2025-03-05
Form: 424B5
Chunk 66
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 business of such person to the extent such letters of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the fifth business day following receipt by such person of a demand for reimbursement following payment on the letter of credit)), except any such balance that constitutes an accrued expense or trade payable, if and to the extent any of the foregoing indebtedness would appear as a liability upon a balance sheet of such Person prepared in accordance with GAAP (but does not include contingent liabilities which appear only in a footnote to a balance sheet). “Lien” means any lien, security interest, charge or encumbrance of any kind (including any conditional sale or other title retention agreement). “Non-recourse Obligation” means Indebtedness or other obligations substantially related to (1) the acquisition of assets not previously owned by Synopsys or any of its direct or indirect Subsidiaries or (2) the financing of a project involving the development or expansion of the properties of Synopsys or any of its direct

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or indirect Subsidiaries, as to which the obligee with respect to such Indebtedness or obligation has no recourse to Synopsys or any of its direct or indirect Subsidiaries or such Subsidiary’s assets other than the assets which were acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction (and the proceeds thereof). “Permitted Liens” means:

| (1) | Liens for taxes, assessments or governmental charges or levies not yet due or that are being contested in good faith by appropriate proceedings;providedthat adequate reserves with respect thereto are maintained on the books of Synopsys or its Subsidiaries, as the case may be, in conformity with GAAP; |

| (2) | carriers’, warehousemen’s, mechanics’, materialmen’s, landlord’s, suppliers’, repairmen’s or other like Liens arising in the ordinary course of business that are not overdue for a period of more than 60 days or that are being contested in good faith by appropriate proceedings; |

| (3) | pledges or deposits in connection with workers’ compensation, unemployment insurance and other social security legislation or regulations or employment laws or to secure other public, statutory or regulatory obligations; |

| (4) | pledges or deposits to secure (i) the performance of bids, trade and commercial contracts (other than for borrowed money), leases