Repurchase of Notes Upon a Change of Control 62 Section 4.13. Limitation on Asset Sales 62 Section 4.14. Limitation on Transactions with Affiliates 64 Section 4.15. Designation of Restricted and Unrestricted Subsidiaries 66 Section 4.16. Financial Reports 68 Section 4.17. Reports to Trustee 69 Section 4.18. Suspension of Certain Covenants when Notes Rated Investment Grade 70 ARTICLE 5 CONSOLIDATION, MERGER OR SALE OF ASSETS
Repurchase of Notes Upon a Change of Control 68 Section 4.13. Asset Sales 70 Section 4.14. Financial Reports 75 Section 4.15. Reports to Trustee 76 Section 4.16. Suspension of Certain Covenants 76 ARTICLE 5 CONSOLIDATION, MERGER OR SALE OF ASSETS Section 5.01. Merger, Consolidation or Sale of All or Substantially All Assets 77 DEFAULT AND REMEDIES Section 6.01. Events of Default 80 Section 6.02. Acceleration 81 Section 6.03. Other Remedies 83 Section 6.04. Waiver of Past Defaults 83 Section 6.05. Control by Majority 83 Section 6.06. Limitation on Suits 83 Section 6.07. Rights of Holders of Notes to Receive Payment 84 Section 6.08. Collection Suit by Trustee 84 Section 6.09. Restoration of Rights and Remedies 84 Section 6.10. Rights and Remedies Cumulative 84 Section 6.11. Delay or Omission Not Waiver 84 Section 6.12. Trustee May File Proofs of Claim 85 Section 6.13. Priorities 85 Section 6.14. Undertaking for Costs 86 Section 6.15. Waiver of Stay, Extension or Usury Laws 86 ARTICLE 7 THE TRUSTEE Section 7.01. General 86 Section 7.02. Certain Rights of Trustee 86 Section 7.03. Individual Rights of Trustee 87 Section 7.04. Trustee’s Disclaimer 88 Section 7.05. Notice of Default 88 Section 7.06. Reports by Trustee to Holders 88 Section 7.07. Compensation and Indemnity 88 Section 7.08. Replacement of Trustee 89 Section 7.09. Successor Trustee by Merger 90 Section 7.10. Eligibility 90 Section 7.11. Money Held In Trust 90 ARTICLE 8 LEGAL DEFEASANCE, COVENANT DEFEASANCE AND DISCHARGE Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance 90 Section 8.02. Legal Defeasance and Discharge 90 Section 8.03. Covenant Defeasance 91 Section 8.04. Conditions to Legal or Covenant Defeasance 91
Repurchase of Notes Upon a Change of Control 64 Section 4.16. SEC Reports and Reports to Holders 65 Section 4.17. Reports to Trustee 66 Section 4.18. Suspension of Covenants 66 Section 4.19. Sale of Restricted Securities 68 ARTICLE 5
Repurchase of Notes Upon a Change of Control 21 Section 5.04 . Events of Default; Acceleration 21 Section 5.05 . Modification and Waiver 22 Section 5.06 . References In Base Indenture 24 Section 5.07 . Defeasance and Discharge 24 Section 5.08 . Bermuda Branch; Full Recourse Obligations 24
Repurchase of Notes Upon a Change of Control Trigger Event. 8 SECTION 2.5. Limitation on Liens. 9
Repurchase of Notes Upon a Change of Control 60 Section 4.16. Asset Sales 61 Section 4.17. Reports 63 Section 4.18. Reports to the Trustee 65 ARTICLE 5 MERGER, CONSOLIDATION OR SALE OF ASSETS Section 5.01. Merger, Consolidation or Sale of Assets 65
Repurchase of Notes Upon a Change of Control 60 Section 4.12. Limitation on Asset Sales 60 Section 4.13. Limitation on Transactions with Affiliates 62 Section 4.14. Line of Business 64 Section 4.15. Designation of Restricted and Unrestricted Subsidiaries 64 Section 4.16. Limitation on Actions of Current NGC 65 Section 4.17. Restrictive Covenants 66 Section 4.18. Financial Reports 66 Section 4.19. Reports to Trustee 67 Section 4.20. Suspension Of Certain Covenants 68 ARTICLE 5 Consolidation, Merger or Sale of Assets Section 5.01. Consolidation, Merger or Sale of Assets by the Company 69 Section 5.02. Consolidation, Merger or Sale of Assets by a Guarantor 70 ARTICLE 6 Default and Remedies Section 6.01. Events of Default 71 Section 6.02. Acceleration 73 Section 6.03. Waiver of Past Defaults 73 Section 6.04. Other Remedies 74 Section 6.05. Control by Majority 74 Section 6.06. Limitation on Suits 74 Section 6.07. Rights of Holders to Receive Payment 75 Section 6.08. Collection Suit by Trustee 75 Section 6.09. Trustee May File Proofs of Claim 75 Section 6.10. Priorities 76
Repurchase of Notes Upon a Change of Control 21 Section 5.04. Events of Default; Acceleration 21 Section 5.05. Modification and Waiver 23 Section 5.06. References In Base Indenture 25 Section 5.07. Defeasance and Discharge 25 Section 5.08. Bermuda Branch; Full Recourse Obligations 25 Article 6 Payment of Additional Amounts Section 6.01. Payment of Additional Amounts 25 Article 7 Miscellaneous Section 7.01. Confirmation of Indenture 26 Section 7.02. Counterparts 27 Section 7.03. Governing Law; Submission to Jurisdiction 27 Section 7.04. Recitals by the Company 27 Exhibit A Form of 2026 Note A-1 Exhibit B Form of 2030 Note B-1 THIRD SUPPLEMENTAL INDENTURE, dated as of May 12, 2020 (“Third Supplemental Indenture”), to the Indenture dated as of June 6, 2019 (as amended, modified or supplemented from time to time in accordance therewith, other than with respect to a particular series of debt securities, the “Base Indenture” and, as amended, modified and supplemented by this Third Supplemental Indenture, the “Indenture”), by and between FLEX LTD., a Singapore registered public company limited by shares and having company registration no. 199002645H, acting (subject to Section 1.17 of the Base Indenture) through its Bermuda branch, as issuer (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”). Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Notes:
Repurchase of Notes Upon a Change of Control 67 Section 4.10. Limitation on Asset Sales 67
Repurchase of Notes Upon a Change of Control;
