Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 44

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 44
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 Default with respect to the notes occurs as a result of bankruptcy, receivership, insolvency or reorganization involving CFG, the principal of all outstanding notes and any accrued and unpaid interest thereon shall become due and payable immediately without any further action on the part of the Trustee or the holders of that series of the notes. The application of the foregoing paragraph and any other rights under the Indenture would, in the event of bankruptcy or insolvency involving CFG, be subject to applicable bankruptcy law (including, for example, the automatic stay imposed under U.S. federal bankruptcy law) and to the broad equity powers of a federal bankruptcy court, including, among other things, a determination by a court of the nature and status of the payment of claims in respect of the notes. At any time after a declaration of acceleration with respect to the notes has been made, but before a judgment or decree for payment of the money due has been obtained, the holders of a majority in principal amount of outstanding notes may, under certain circumstances, rescind and annul the acceleration but only if all Events of Default have been remedied, or, if permitted, waived, and if certain other conditions have been satisfied. S-31

If CFG fails to pay the principal of (or premium, if any, on) the notes at maturity, or if
CFG fails to pay any installment of interest on the notes when such interest becomes due and payable and such failure is continued for 30 days, CFG will, upon demand of the Trustee, pay to the Trustee, for the benefit of the holders of the notes,
the entire amount then due and payable on the notes, for the principal of, premium, if any, and interest, if any, and interest upon the overdue principal, premium, if any, and, to the extent that payment of such interest shall be legally
enforceable, upon overdue installments of interest, at the rate or rates prescribed therefor in the notes; and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

If CFG fails to pay such amount forthwith upon
such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the
same against CFG