Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 67

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 67
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 principal of the senior debt securities as a result of a covenant breach or our failure to perform any covenant or agreement contained in the senior debt securities or the senior indenture other than the obligations to pay principal and interest on the senior debt securities. (Sections 502, 513) 46

Unless otherwise specified in the applicable prospectus supplement, an “ event of default,” when used in the subordinated indenture with respect to any series of subordinated debt securities, means any of the following:

| (1) | the entry by a court having jurisdiction of (A) a decree or order for relieve in respect of Wells Fargo in                                                                                                                                       
 an involuntary case under the Federal bankruptcy laws, as now or hereafter constituted, or (B) a decree or order appointing a receive for Wells Fargo, and the continuance of any such decree or order unstayed and in effect for a period of 60 
 consecutive days; or                                                                                                                                                                                                                             |

| (2) | the commencement by Wells Fargo of a voluntary case under the Federal bankruptcy laws, as now or hereafter                                                                                                                                   
 constituted, or the entry of a decree or order for relief in an involuntary case under any such law following Wells Fargo’s consent to such a decree or order, or the appointment of a receiver for Wells Fargo under any applicable Federal 
 bankruptcy, insolvency or similar law following consent by the Board of Directors of Wells Fargo; or                                                                                                                                         |

| (3) | any other event of default that may be specified for the subordinated debt securities of that series when that 
 series is created. (Section 501 of the subordinated indenture)                                                 |

If an event of default for any series of subordinated debt securities occurs and continues, the subordinated trustee or the holders of at least 25% in aggregate principal amount of the outstanding subordinated debt securities of the series may declare the entire principal of all the subordinated debt securities of that series to be due and payable immediately. If such a declaration occurs, the holders of a majority of the aggregate principal amount of the outstanding subordinated debt securities of that series can, subject to conditions, rescind the declaration. Unless otherwise specified in the applicable prospectus supplement for a particular offering of subordinated debt securities, the holders of our subordinated debt securities will not have the right to accelerate the payment of principal of the subordinated debt securities as a result of our failure to pay principal or interest on the subordinated debt securities or to perform any covenant or agreement contained in the subordinated debt securities or the