Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 95

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 95
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 the Effective Time, be unduly burdensome. For purposes of this  
 condition, any regulatory approval that does not result in the termination of all outstanding regulatory orders applicable to Penns Woods and/or its subsidiaries, if any, prior to or at the Effective Time shall be deemed to have a material adverse 
 effect on Northwest and its subsidiaries taken as a whole after giving effect to the consummation of the Merger;                                                                                                                                        |

| • |     | no governmental authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered                                                                                                                 
 any statute, rule, regulation, judgment, decree, injunction or other order (whether temporary, preliminary or permanent) which is in effect and prohibits consummation of the transactions contemplated by the Merger Agreement; |

| • |     | the Northwest common stock to be issued in the Merger must be authorized for listing on the Nasdaq Global Select 
 Market®;                                                                                                         |

| • |     | this registration statement and proxy statement/prospectus must have been declared effective by the SEC and must 
 not be subject to any stop order or any threatened stop order by the SEC; and                                    |

| • |     | Penns Woods procures the Tail Policy. |

Conditions to Obligation of Penns Woods.Penns Woods will not be required to complete the Merger unless the following conditions are fulfilled or waived in writing:

| • |     | that (i) certain fundamental representations and warranties of Northwest contained in the Merger Agreement                                                                                                                                               
 must be true and correct in all material respects, subject to the Merger Agreement, as of the date of the Merger Agreement and as of the Effective Time as though made on and as of the Effective Time (except that representations and warranties that  
 by their terms speak as some other date must be true and correct as of such date and any representation and warranty that is qualified by absence of a material adverse effect shall be true and correct in all respects); and (ii) all other            
 representations and warranties, without giving effect to any qualification as to materiality or material adverse effect, must be true and correct, as of the date of the Merger Agreement and as of the Effective Time as though made on and as of the   
 Effective Time (except that representations and warranties that by their terms speak as some other date must be true and correct as of such date and any representation and warranty that is qualified by absence of a material adverse effect shall be  
 true and correct in all respects), provided, however, that such non