Company: FRFXF
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028272
Chunk: 121

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-03-26
Form: 424B3
Chunk 121
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 of the holders of the securities of any series; (d) change or eliminate any provisions
of the Indenture, provided that any such change or elimination shall become effective only when there is no security issued under the
Indenture then outstanding of any series created prior thereto which is entitled to the benefit of such provision; (e) secure any
series of securities; (f) establish the form and terms of any series of securities permitted to be issued under the Indenture; (g) evidence
the acceptance of appointment by a successor trustee under the Indenture and provide for or facilitate the administration of one or more
trusts under the Indenture by one or more trustees; (h) cure any ambiguity, correct or supplement any inconsistency or make any
other modification, provided that such action does not adversely affect the interests of the holders of outstanding securities of any
series in any material respect; and (i) supplement any of the provisions of the Indenture to the extent necessary to permit or facilitate
the defeasance or discharge of any series of securities, provided such action does not adversely affect the interests of the holders
of securities of any series in any material respect.

The Indenture also contains
provisions permitting the Company, Allied World and the trustees, with the consent of the holders of not less than a majority in principal
amount of all securities issued under the Indenture then outstanding and affected (treated as one class), to add any provisions to, change
in any manner or eliminate any of the provisions of, the Indenture or modify in any manner the rights of the holders of securities under
the Indenture; provided that the Company, Allied World and the trustees may not, without the consent of the holder of each outstanding
security affected thereby, among other things: (a) change the stated maturity of the principal of or any installment of interest
on any security, (b) reduce the principal amount of or the rate of interest on, or premium payable upon the redemption of, any such
security, (c) reduce the amount of the principal of an original issue discount security that would be due and payable upon a declaration
of acceleration of the maturity thereof, (d) adversely affect any right of repayment at the option of the holder of any security,
(e) change the place or currency of payment of principal of, or any premium or interest on, any such security, (f) impair the
right to institute suit for the enforcement of any such