Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 556

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 556
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 funds necessary to effect the Pre-Closing Notes Repurchase. Other
than any Pre-Closing Notes Repurchase, Indiana shall not redeem, repurchase, acquire or otherwise discharge any Indiana Notes.

(b) [Reserved.]

(c) Indiana
shall, and shall cause Indiana Jackson to, obtain and deliver to Saturn prior to the Closing an executed customary payoff letter from the creditors (or representative thereof) in respect of the Indiana Credit Agreement (and Indiana shall use
commercially reasonable to deliver to Saturn a substantially complete draft of such payoff letter no later than three Business Days prior to the Closing), which payoff letter shall (i) indicate the aggregate amount required to be paid to such
creditor on the Closing Date (including the outstanding principal amount, accrued and unpaid interest and any premium, penalty, fee, expense, breakage cost or other payment required to be paid on or prior to the Closing Date with respect to such
Indebtedness) in order to fully discharge all obligations with respect to such Indebtedness (other than expense reimbursement and contingent obligations not then due and payable) and provide wire or other applicable transfer information for such
payment and (ii) state that all Encumbrances and all guarantees in connection therewith relating to the assets and properties of Indiana and its Subsidiaries securing such Indebtedness (if any) shall be, upon the payment of the amount described
in above on the Closing Date, released and terminated. At the Closing, Saturn shall pay or cause to be paid, by wire transfer of immediately available funds, to such creditors or the representative thereof the
amount payable thereto described in above. If the Pre-Closing Notes Purchase is exercised in

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respect of all of the outstanding Indiana Notes, then Indiana shall, and shall cause Indiana Jackson to, deliver customary evidence of the redemption of the Indiana Notes on or prior to the
Closing Date.

(d) If (i) a Pre-Closing Notes Repurchase is exercised in respect of some but
not all of the outstanding Indiana Notes or no Pre-Closing Notes Repurchase occurs and (ii) an Investment Grade Event (as defined in the Indiana Notes Indenture) occurs with respect to the Indiana Notes
on or prior to the Closing Date, Indiana and Indiana Jackson shall use reasonable best efforts, no later than three Business Days prior to the Closing Date, to obtain and deliver to Saturn a copy of a draft confirmation letter from the Collateral
Agent (as defined in the Indiana Notes Indenture) (