Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 118

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 118
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) necessarily
constitutes an event of default with respect to any other series of debt securities. The occurrence of an event of default may constitute
an event of default under our bank credit agreements in existence from time to time. In addition, the occurrence of certain events of
default or an acceleration under the indenture may constitute an event of default under certain of our other indebtedness outstanding
from time to time.

| 42 |

If an event of default (other
than an event of default resulting from certain events of bankruptcy, insolvency or reorganization of our company) with respect to debt
securities of any series at the time outstanding occurs and is continuing, then the trustee or the holders of not less than 25% in aggregate
principal amount of the outstanding debt securities of that series may, by a notice in writing to us (and to the trustee if given by
the holders), declare to be due and payable immediately the principal (or, if the debt securities of that series are discount securities,
that portion of the principal amount as may be specified in the terms of that series) of, and accrued and unpaid interest, if any, on
all debt securities of that series. In the case of an event of default resulting from certain events of bankruptcy, insolvency or reorganization
of our company, the principal (or such specified amount) of and accrued and unpaid interest, if any, on all outstanding debt securities
will become and be immediately due and payable without any declaration or other act on the part of the trustee or any holder of outstanding
debt securities. At any time after a declaration of acceleration with respect to debt securities of any series has been made, the holders
of a majority in aggregate principal amount of the outstanding debt securities of that series may rescind and annul the acceleration
if the rescission and annulment would not conflict with any judgment or decree already rendered and if all events of default with respect
to that series, other than the non-payment of principal and interest, if any, with respect to debt securities of that series that has
become due and payable solely because of the acceleration, have been cured or waived and all sums paid or advanced by the trustee and
the reasonable compensation, expenses and disbursements of the trustee and its agents and counsel have been paid as provided in the indenture.

The Form Indenture provides
that the trustee will be under no obligation to exercise any of its rights or powers under the indenture at the request of any holder