Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 49

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 49
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 filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. “Non-RecourseDebt” means Debt:

| (1) | as to which neither the Issuer nor any of its Restricted Subsidiaries (a) provides credit support of any kind                                                                                                                                      
 (including any undertaking, agreement or instrument that would constitute Debt), other than pursuant to Standard Securitization Undertakings, or (b) is directly or indirectly liable as a guarantor or otherwise, other than pursuant to Standard 
 Securitization Undertakings; and                                                                                                                                                                                                                   |

S-37

| (2) | as to which the lenders have been notified in writing that they will not have any recourse to the stock or assets of the 
 Issuer or any of its Restricted Subsidiaries, other than pursuant to Standard Securitization Undertakings.               |

“Par Call Date” means October 15, 2030 (one month prior to the maturity date). “Person” means any individual, corporation, partnership, joint venture, real estate investment trust, association, joint-stock company, trust, unincorporated organization, limited liability company or government or other entity. “Real Estate Assets” means, as of any date, the real estate, mortgage and lease assets of such Person and its Restricted Subsidiaries on such date, on a consolidated basis determined in accordance with GAAP. “Restricted Subsidiary” of a Person means any Subsidiary of the referenced Person that is not an Unrestricted Subsidiary. “Secured Debt” means, for any Person, Debt secured by a Lien on the property of such Person or any of its Restricted Subsidiaries. “Securities Act” means the Securities Act of 1933, as amended. “Significant Subsidiary” means each Restricted Subsidiary that is a significant subsidiary, if any, of the Issuer as defined in Regulation S-Xunder the Securities Act. “Specified Indebtedness” means (i) any Debt under the Credit Agreement and any Debt that refinances such Debt or (ii) any Existing Notes. “Standard Securitization Undertakings” means representations, warranties, covenants and indemnities entered into by the Issuer or any Restricted Subsidiary which are reasonably customary in commercial mortgage backed securities transactions by the parent or sponsoring entity. “Subordinated Debt” means Debt which by the