Company: SNPS
Filing Date: 2025-03-03
Form Type: 424B5
Source: 0001140361-25-006661
Chunk: 67

Company: SYNOPSYS INC
Filing Date: 2025-03-03
Form: 424B5
Chunk 67
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 (a) based on a good faith determination of the board of directors of Synopsys, the Principal Property encumbered by such substitute or replacement Lien is substantially similar in nature to the Principal Property encumbered by the otherwise permitted Lien that is being replaced, and (b) the Indebtedness secured by such Lien at such time is not increased (other than by an amount equal to any related financing costs (including, but not limited to, the accrued interest, fees, penalties and premium, if any, on the Indebtedness being refinanced)). |

“Person” means any individual, corporation, limited liability company, partnership, joint venture, association, joint stock company, trust, unincorporated organization, or any other entity, including any government or any agency or political subdivision thereof. “Principal Property” means, with respect to any Person, all of such Person’s interests in any kind of property or asset located in the United States (including the capital stock in and other securities of any other Person), except such as Synopsys’ Board of Directors by resolution determines in good faith (taking into account, among other things, the materiality of such property to the business, financial condition and earnings of the Issuer and its Subsidiaries taken as a whole) not to be material to the business of Synopsys and its Subsidiaries, taken as a whole. “Property” means any property or asset, whether real, personal or mixed, or tangible or intangible, including shares of capital stock. “Restricted Subsidiary” means any domestic Subsidiary of Synopsys that owns any Principal Property (other than any Subsidiary less than 80%-owned by Synopsys or by one or more of its Subsidiaries, if the common stock of such Subsidiary is traded on any national securities exchange or in the over-the-counter market). “Subsidiary” of any specified Person means any corporation, limited liability company, limited partnership, association or other business entity of which more than 50% of the total voting power of shares of capital stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such person or one or more of the other Subsidiaries of that person or a combination thereof. No Sinking Fund The notes will not be entitled to any sinking fund.

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