Company: SLMT
Filing Date: 2025-06-17
Form Type: 424B5
Source: 0001213900-25-055248
Chunk: 53

Company: Brera Holdings PLC
Filing Date: 2025-06-17
Form: 424B5
Chunk 53
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 discharge by irrevocably depositing with the trustee cash or U.S. government obligations, as trust funds, in an amount certified to be enough to pay when due, whether at maturity, upon redemption or otherwise, the principal of, premium and interest, if any, on the debt securities and any mandatory sinking fund payments.

Unless otherwise provided in the applicable prospectus supplement, we may also discharge any and all of our obligations to holders of any series of debt securities at any time, which we refer to as defeasance. We may also be released from the obligations imposed by any covenants of any outstanding series of debt securities and provisions of the indenture, and we may omit to comply with those covenants without creating an event of default under the trust declaration, which we refer to as covenant defeasance. We may effect defeasance and covenant defeasance only if, among other things:

| ● | we                                                                                                                                   
 irrevocably deposit with the trustee cash or U.S. government obligations, as trust funds, in an amount certified to be enough to pay 
 at maturity, or upon redemption, the principal, premium and interest, if any, on all outstanding debt securities of the series;      |

| ● | we                                                                                                                                           
 deliver to the trustee an opinion of counsel from a nationally recognized law firm to the effect that the holders of the series of debt      
 securities will not recognize income, gain or loss for U.S. federal income tax purposes as a result of the defeasance or covenant defeasance 
 and that defeasance or covenant defeasance will not otherwise alter the holders’ U.S. federal income tax treatment of principal,             
 premium and interest, if any, payments on the series of debt securities; and                                                                 |

| ● | in                                                                                                                                     
 the case of subordinated debt securities, no event or condition shall exist that, based on the subordination provisions applicable to  
 the series, would prevent us from making payments of principal of, premium and interest, if any, on any of the applicable subordinated 
 debt securities at the date of the irrevocable deposit referred to above or at any time during the period ending on the 91st day after 
 the deposit date.                                                                                                                      |

In the case of a defeasance by us, the opinion we deliver must be based on a ruling of the Internal Revenue Service issued, or a change in U.S. federal income tax law occurring, after the date of the indenture, since such a result would not