Company: OXLCZ
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001213900-25-015823
Chunk: 166

Company: Oxford Lane Capital Corp.
Filing Date: 2025-02-21
Form: 424B2
Chunk 166
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 interests relating to the debt securities, the following must occur: •you must give the trustee written notice that an Event of Default with respect to the relevant series of debt securities has occurred and remains uncured; •the holders of at least 25% in principal amount of all outstanding debt securities of the relevant series must make a written request that the trustee take action because of the default and must offer reasonable indemnity, security, or both to the trustee against the costs, expenses and other liabilities of taking that action; •the trustee must not have taken action for 60 days after receipt of the above notice, request and offer of indemnity and/or security; and •the holders of a majority in principal amount of the outstanding debt securities of that series must not have given the trustee a direction inconsistent with the above notice during that 60 -dayperiod. However, you are entitled at any time to bring a lawsuit for the payment of money due on your debt securities on or after the due date. Book -entry and other indirect holders should consult their banks or brokers for information on how to give notice or direction to or make a request of the trustee and how to declare or cancel an acceleration of maturity. Each year, we will furnish to each trustee a written statement of certain of our officers certifying that to their knowledge we are in compliance with the indenture and the debt securities, or else specifying any default. Waiver of Default Holders of a majority in principal amount of the outstanding debt securities of the affected series may waive any past defaults other than a default •in the payment of principal, any premium or interest; or •in respect of a covenant that cannot be modified or amended without the consent of each holder of the affected series. 75 Table of Contents Merger or Consolidation Under the terms of the indenture, we are generally permitted to consolidate or merge with another entity. We are also permitted to sell all or substantially all of our assets to another entity. However, we may not take any of these actions unless all the following conditions are met: •either the Company is the continuing entity or the resulting entity or transferee must agree to be legally responsible for our obligations under the debt securities; •the merger or sale of assets must not cause a default on the debt securities and we must not already be in default (unless the merger or sale would cure the default). For purposes of this no -defaulttest, a default would include an Event of Default that has occurred and has not been cured, as described under “Events of Default”