Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 68

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 68
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 of any series, the holders of a majority in principal amount of the outstanding debt securities of that series (or,
at a meeting of holders of such series at which a quorum is present, the holders of a majority in principal amount of the debt securities
of such series represented at such meeting) may rescind and annul the acceleration if all events of default, other than the non-payment of
accelerated principal, premium, if any, and interest, if any, with respect to debt securities of that series, have been cured or waived
as provided in the applicable indenture (including payments or deposits in respect of principal, premium or interest that had become
due other than as a result of such acceleration). We refer you to the prospectus supplement relating to any series of debt securities
that are discount securities for the particular provisions relating to acceleration of a portion of the principal amount of such discount
securities upon the occurrence of an event of default.

Subject to the terms of the indentures, if an
event of default under an indenture shall occur and be continuing, the debenture trustee will be under no obligation to exercise any
of its rights or powers under such indenture at the request or direction of any of the holders of the applicable series of debt securities,
unless such holders have offered the debenture trustee reasonable indemnity. The holders of a majority in principal amount of the outstanding
debt securities of any series will have the right to direct the time, method and place of conducting any proceeding for any remedy available
to the debenture trustee, or exercising any trust or power conferred on the debenture trustee, with respect to the debt securities of
that series, provided that:

| ● | the direction so given by the holder is not in conflict with 
 any law or the applicable indenture; and                     |

| ● | subject to its duties under the                                                                     
 Trust Indenture Act, the debenture trustee need not take any action that might involve it           
 in personal liability or might be unduly prejudicial to the holders not involved in the proceeding. |

A holder of the debt securities of any series
will only have the right to institute a proceeding under the indentures or to appoint a receiver or trustee, or to seek other remedies
if:

| ● | the holder previously has given written notice to the debenture       
 trustee of a continuing event of default with respect to that series; |

| ● | the holders of at least a majority                                                           
 in aggregate principal