Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 48

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 48
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 the Senior Indenture provides that no holders of the senior notes shall have any right to affect, disturb or prejudice the rights of any other holders, or to obtain or to seek to obtain priority or preference over any other holders or to enforce any right under the Senior Indenture, except in the manner provided in the Senior Indenture and for the equal and ratable benefit of all holders. The Senior Indenture requires the Trustee to notify the holders of the senior notes within 90 days regarding the existence of any default in payment of principal of or interest on any senior note, and any other default of which the Trustee has received written notice from us or any holder of the senior notes, unless the default has been cured or waived. However, except in the case of a payment default, the Trustee may withhold notice of a default if and so long as the Trustee’s board of directors, executive committee or a trust committee of directors or responsible officers in good faith determines that withholding the notice is in the interests of the holders of the senior notes. For purposes of this paragraph, a “default” means any event which is, or after notice or lapse of time or both would become, an event of default or a covenant breach under the Senior Indenture with respect to the senior notes. Covenant Breaches The following events constitutes a “covenant breach” under the Senior Indenture with respect to any series of senior debt securities issued on or after the senior notes issue date, including the senior notes:

| • |     | our default in the performance, or breach, of any covenant or agreement applicable to us in the Senior Indenture,                                                                                                                                
 and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to us by the Trustee or to us and the Trustee by the holders of at least 25% in aggregate principal amount of the 
 outstanding senior notes, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a notice of covenant breach under the Senior Indenture.                                             |

The Senior Indenture provides that the Trustee will be under no obligation to exercise any remedy under the Senior Indenture at the request or direction of any of the holders of the senior notes unless such holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses, and liabilities which may be incurred by it in complying with such request or direction. Subject