Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 69

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 69
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 indenture with respect to the debt securities of the applicable series. (Section 602) Other than its duties in the case of a covenant breach (in the case of senior debt securities) or event of default, a trustee is not obligated to exercise any of its rights or powers under the applicable indenture at the request, order or direction of any holders, unless the holders offer that trustee indemnification. (Sections 601, 603) If indemnification is provided, then, subject to other rights of the trustee, the holders of a majority in principal amount of the outstanding debt securities of any series may, with respect to the debt securities of that series, direct the time, method and place of:

| ● |     | conducting any proceeding for any remedy available to the trustee; or |

| ● |     | exercising any trust or power conferred upon the trustee. (Sections 512, 603) |

The holder of a debt security of any series will have the right to begin any proceeding with respect to the applicable indenture or for any remedy only if:

| ● |     | the holder has previously given the trustee written notice of a continuing covenant breach (in the case of senior 
 debt securities) or event of default with respect to that series;                                                 |

| ● |     | the holders of at least 25% in aggregate principal amount of the outstanding debt securities of that series have                                                                                             
 made a written request of, and offered reasonable indemnification to, the trustee to begin such proceeding with respect to such covenant breach (in the case of senior debt securities) or event of default; |

| ● |     | the trustee has not started such proceeding within 60 days after receiving the request; and |

| ● |     | the trustee has not received directions inconsistent with such request from the holders of a majority in         
 aggregate principal amount of the outstanding debt securities of that series during those 60 days. (Section 507) |

However, the holder of any senior debt security will have an absolute right to receive payment of principal of and any premium and interest on the senior debt security when due and to institute suit to enforce this payment, and the holder of any subordinated debt security will have, subject to the subordination provisions discussed below under “—Subordination,” the absolute right to receive payment of principal of and any premium and interest on the subordinated debt security when due in accordance with the subordinated indenture and to institute suit to enforce the payment. (Section 508) 48

Defeasance Def