Company: ENTXW
Filing Date: 2025-05-30
Form Type: S-3
Source: 0001178913-25-002025
Chunk: 18

Company: Entera Bio Ltd.
Filing Date: 2025-05-30
Form: S-3
Chunk 18
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 rights, obligations and immunities of the trustee; and |

| • | the rights of the holders of the debt securities as beneficiaries with respect to the property deposited with the trustee payable to them (as described below); |

when:

| • | either: |

| o | all debt securities of any series issued that have been authenticated and delivered have been delivered by us to the trustee for cancellation; or |

| o | all the debt securities of any series issued that have not been delivered by us to the trustee for cancellation have become due and payable or will become due and payable within one year or are to be called for redemption within one year 
 under arrangements satisfactory to the trustee for the giving of notice of redemption by such trustee in our name and at our expense, and we have irrevocably deposited or caused to be deposited with the trustee as trust funds the entire  
 amount sufficient to pay at maturity or upon redemption all debt securities of such series not delivered to the trustee for cancellation, including principal and interest due or to become due on or prior to such date of maturity or       
 redemption;                                                                                                                                                                                                                                   |

| • | we have paid or caused to be paid all other sums then due and payable under such indenture; and |

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| • | we have delivered to the trustee an officers’ certificate and an opinion of counsel, each stating that all conditions precedent under such indenture relating to the satisfaction and discharge of such indenture have been complied with. |

In addition, unless the applicable prospectus supplement and supplemental indenture otherwise provide, we may elect either (i) to have our obligations under each indenture discharged with respect to the outstanding debt securities of any series (“legal defeasance”) or (ii) to be released from our obligations under each indenture with respect to certain covenants applicable to the outstanding debt securities of any series (“covenant defeasance”). Legal defeasance means that we will be deemed to have paid and discharged the entire indebtedness represented by the outstanding debt securities of such series under such indenture and covenant defeasance means that we will no longer be required to comply with the obligations with respect to such covenants (and an omission to comply with such obligations will not constitute a default or event of default). In order to exercise legal defeasance or covenant defeasance with respect to outstanding debt securities of any series:

| • | we must irrevocably have deposited or caused to be deposited with the trustee as trust funds in trust for the purpose of making the following payments,