Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 115

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 115
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 has become final, has advised either party that it will not grant or intends to rescind or revoke a required regulatory approval, or has requested that either party withdraw (other than for technical reasons) an application for a required regulatory approval and not be permitted to resubmit within 60 days, or has indicated it would not accept a resubmission; provided, that the right to terminate is not available to a party whose breach caused or resulted in such action; or (ii) any law, order, injunction, decree, or other legal restraint permanently restraining, enjoining, prohibiting, or making illegal the consummation of the merger becomes final and nonappealable, provided the terminating party has used its reasonable best efforts to contest, appeal, and remove such restraint;

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if the merger has not been consummated on or before December 31, 2025, or, if the only remaining condition to closing is the receipt of a required regulatory approval, then by March 31, 2026, which we refer to as the “termination date”; provided, that the right to terminate is not available to a party whose failure to perform its obligations under the merger agreement was the cause of the failure to close by such date; and

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if Bancorp Financial stockholders fail to approve the merger at the stockholders meeting or any adjournment or postponement thereof; provided, that Bancorp Financial may not terminate the agreement on this basis if it breached its non-solicitation and stockholder meeting obligations under the merger agreement;.

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by Old Second, if Bancorp Financial breaches or is in breach of any of its representations, warranties, covenants, or agreements under the merger agreement, and such breach would, individually or in the aggregate, prevent the satisfaction of Old Second’s closing conditions, and is not cured within 30 days after written notice (or such shorter period remaining before the Termination Date), or if the breach cannot be cured in such time;

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by Bancorp Financial, if Old Second breaches or is in breach of any of its representations, warranties, covenants, or agreements under the merger agreement, and such breach would, individually or in the aggregate, prevent the satisfaction of Bancorp Financial’s closing conditions, and is not cured within 30 days after written notice (or such shorter period remaining before the Termination Date), or if the breach cannot be cured in such time;

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by Old Second, at any time prior to the Bancorp Financial stockholder vote, if (i) Banc