Company: BWNB
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001104659-25-058204
Chunk: 87

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 87
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 or transferee will expressly assume all of our obligations under
the indenture and automatically be substituted for us in the indenture and as issuer of the debt securities and may exercise every right
and power of ours under the indenture with the same effect as if such successor or transferee had been named in our place in the indenture;
provided, however, that the predecessor company will not be relieved of the obligation to pay principal and interest on the debt securities
except in the case of a sale of all of the assets of us and our subsidiaries.

Events of Default

Event of default means, with
respect to any series of debt securities, any of the following:

| · | default                                                                                                                             
 in the payment of any interest on any debt security of that series when it becomes due and payable, and continuance of that default 
 for a period of 30 days;                                                                                                            |

| · | default                                                                                               
 in the payment of principal of, or premium on, any debt security of that series when due and payable; |

| · | failure                                                                                              
 on our part to comply with the covenant described under “-Consolidation, Merger and Sale of Assets”; |

| · | default                                                                                                                                
 in the performance or breach of any other covenant or warranty by us in the indenture, in any board resolution, supplemental indenture 
 or officer’s certificate with respect to such series (other than a covenant or warranty that has been included in the indenture,       
 board resolution, supplemental indenture or officer’s certificate solely for the benefit of a series of debt securities other          
 than that series), which default continues uncured for a period of 90 days after (1) we receive written notice from the trustee        
 or (2) we and the trustee receive written notice from the holders of not less than 25% in aggregate principal amount of the            
 outstanding debt securities of that series as provided in the indenture;                                                               |

| · | certain                                                                                                
 events of bankruptcy, insolvency or reorganization of our company or our significant subsidiaries; and |

| · | any other                                                                                                                           
 event of default provided with respect to debt securities of that series that is described in the applicable prospectus supplement, 
 board resolution, supplemental indenture or officer’s certificate.                                                                  |

We will promptly deliver
to the trustee written notice of any event which with the giving of notice and the lapse of time would become a covenant event of default,
or any other event of default provided with respect to debt securities of that series that is described in the