Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 107

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 107
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 amount of the outstanding debt securities of any series
will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the trustee or exercising
any trust or power conferred on the trustee with respect to the debt securities of that series.

No holder of any debt security
of any series will have any right to institute any proceeding, judicial or otherwise, with respect to the indenture or for the appointment
of a receiver or trustee, or for any remedy under the indenture, unless:

| · | that holder                                                                                                                         
 has previously given to the trustee written notice of a continuing event of default with respect to debt securities of that series; 
 and                                                                                                                                 |

| · | the holders                                                                                                                            
 of at least 25% in aggregate principal amount of the outstanding debt securities of that series have made written request, and offered 
 security or indemnity satisfactory to the trustee, to institute the proceeding as trustee, and the trustee has not received from       
 the holders of a majority in aggregate principal amount of the outstanding debt securities of that series a direction inconsistent     
 with that request and has failed to institute the proceeding within 60 days.                                                           |

| 35 |

Notwithstanding the foregoing,
the holder of any debt security will have an absolute and unconditional right to receive payment of the principal of, and premium and
any interest on, that debt security on or after the due dates expressed in that debt security and to institute suit for the enforcement
of such payment.

The 2021 Base Indenture requires
us, within 120 days after the end of our fiscal year, to furnish to the trustee a statement as to compliance with the indenture. The
2021 Base Indenture provides that the trustee may withhold notice to the holders of debt securities of any series of any default or event
of default (except in payment on any debt securities of that series) with respect to debt securities of that series if it in good faith
determines that withholding notice is in the interest of the holders of those debt securities.

Modification and Waiver

We may amend or modify the
indenture without the consent of any holder of debt securities of the series affected by the modifications or amendments in order to:

| · | cure any ambiguity, defect 
 or inconsistency;          |

| · | conform                                                                                                                          
 the text of the 2021 Base Indenture, including any supplemental indenture, or the debt securities to any corresponding provision 
 of this “Description of Debt Securities” or description of the debt