Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 43

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 43
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 | the Issuer determines not to require all of the Notes to be represented by a global note and notifies the Trustee of that 
 decision.                                                                                                                 |

Governing law The Indenture and the Notes will be governed by, and construed in accordance with, the laws of the State of New York. Certain definitions “Acquired Debt” means Debt of a Person (1) existing at the time such Person becomes a Subsidiary or (2) assumed in connection with the acquisition of assets from such Person, in each case, other than Debt incurred in connection with, or in contemplation of, such Person becoming a Subsidiary or such acquisition. Acquired Debt is deemed to be incurred on the date of the related acquisition of assets from any Person or the date the acquired Person becomes a Subsidiary. “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” have correlative meanings. “Annual Debt Service” as of any date means the amount which was expensed in the four consecutive fiscal quarters ending on the most recent Measurement Date for interest on Debt of the Issuer and its Restricted Subsidiaries excluding (1) amortization of debt discount and deferred financing cost, (2) all gains and losses associated with the unwinding or break-funding of interest rate swap agreements, (3) the write-offof unamortized deferred financing fees, (4) prepayment fees, premiums and penalties and (5) non-cashswap ineffectiveness charges. “Board of Directors” means:

| (1) | with respect to the Issuer, its Board of Trustees; |

| (2) | with respect to a corporation, the Board of Directors of the corporation; |

| (3) | with respect to a partnership, the Board of Directors of the general partner of the partnership or the board or committee 
 of the general partner of the partnership serving a similar function; and                                                 |

| (4) | with respect to any other Person, the board or committee of such Person serving a similar