Company: SNPS
Filing Date: 2025-03-05
Form Type: 424B5
Source: 0001140361-25-007235
Chunk: 64

Company: SYNOPSYS INC
Filing Date: 2025-03-05
Form: 424B5
Chunk 64
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 Indebtedness owing to any of its Subsidiaries), which default results in the acceleration of such Indebtedness in an amount in excess of $100 million without such Indebtedness having been discharged or the acceleration having been cured, waived, rescinded or annulled, in the case of clause (a) or (b) above, for a period of 30 days after such failure to pay or acceleration, as applicable;provided,however, that if any failure, default or acceleration referred to in clause (a) or (b) above ceases or is cured, waived, rescinded or annulled, then the event of default will be deemed cured; and |

| (6) | certain events of bankruptcy, insolvency or reorganization with respect to us has occurred. |

Certain Definitions As used in this section, the following terms have the meanings set forth below. “Aggregate Debt” means the sum of the following as of the date of determination:

| (1) | the aggregate principal amount of our Indebtedness incurred after the closing date of this offering and secured by Liens not permitted by the first sentence under “—Limitation on Liens”; and |

| (2) | our Attributable Liens in respect of sale and lease-back transactions entered into after the closing date of this offering pursuant to the second paragraph of “—Limitation on Sale and Lease-Back Transactions.” |

“Attributable Liens” means in connection with a sale and lease-back transaction the lesser of:

| (1) | the fair market value of the assets subject to such transaction (as determined in good faith by our board of directors); and |

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| (2) | the present value (discounted at a rate per annum equal to the average interest borne by all outstanding notes (or other debt securities) issued under the indenture determined on a weighted average basis and compounded semi-annually) of the obligations of the lessee for rental payments during the term of the related lease. |

“Consolidated Total Assets” means, as of any date of determination, the total assets of Synopsys and its Subsidiaries as of such date, as determined on a consolidated basis in accordance with GAAP. “Finance Lease” means any Indebtedness represented by a lease obligation of a Person incurred with respect to real property or equipment acquired or leased by such Person and used in its business that is required to be recorded as a finance lease