Company: OXLCZ
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001213900-25-015823
Chunk: 34

Company: Oxford Lane Capital Corp.
Filing Date: 2025-02-21
Form: 424B2
Chunk 34
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 trustee may refuse to follow those directions in certain circumstances. No delay or omission in exercising any right or remedy will be treated as a waiver of that right, remedy or Event of Default. Before you are allowed to bypass the trustee and bring your own lawsuit or other formal legal action or take other steps to enforce your rights or protect your interests relating to the Notes, the following must occur: •you must give the trustee written notice that an Event of Default has occurred and remains uncured; •the holders of at least 25% in principal amount of all the Notes must make a written request that the trustee take action because of the default and must offer indemnity, security, or both reasonably satisfactory to the trustee against the cost, expenses, and other liabilities of taking that action; •the trustee must not have taken action for 60 days after receipt of the above notice and offer of such indemnity and/or security; and •the holders of a majority in principal amount of the Notes must not have given the trustee a direction inconsistent with the above notice during that 60 -dayperiod. S-28 Table of Contents However, you are entitled at any time to bring a lawsuit for the payment of money due on your Notes on or after the due date. Book -entry and other indirect holders should consult their banks or brokers for information on how to give notice or direction to or make a request of the trustee and how to declare or cancel an acceleration of maturity. Each year, we will furnish to the trustee a written statement of certain of our officers certifying that to their knowledge we are in compliance with the indenture and the Notes, or else specifying any default. Waiver of Default The holders of a majority in principal amount of the Notes may waive any past defaults other than a default in: •the payment of principal or interest; or •in respect of a covenant that cannot be modified or amended without the consent of each holder of the Notes. Merger or Consolidation Under the terms of the indenture, we are generally permitted to consolidate or merge with another entity. We are also permitted to sell all or substantially all of our assets to another entity. However, we may not take any of these actions unless all the following conditions are met: •where we merge out of existence or convey or transfer our assets substantially as an entirety, the resulting entity must agree to be legally responsible for our obligations under the Notes; •the merger or sale of assets must not cause a default on the Notes and we must not already be in default (unless the merger