Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 112

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 112
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TABLE OF CONTENTS

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loan portfolio matters; and

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insurance matters.

The representations and warranties in the merger agreement are (i) subject, in some cases, to specified exceptions and qualifications contained in the confidential disclosure schedules delivered by Old National and Bremer, respectively, and (ii) with respect to representations and warranties by Old National and ONB Merger Sub, qualified by the reports of Old National filed with the SEC during the period from January 1, 2022 through the time prior to the execution and delivery of the merger agreement (excluding, in each case, any risk factor disclosures in the risk factor section or any “forward-looking statements” disclaimer or any other statements that are similarly non-specific or cautionary, predictive or forward-looking in nature).

In addition, as set forth in the merger agreement, certain representations and warranties of Old National, ONB Merger Sub and Bremer are qualified as to “materiality” or “material adverse effect.”

The representations and warranties in the merger agreement do not survive the effective time of the mergers.

#### Covenants and Agreements
Conduct of Businesses Prior to the Consummation of the Mergers

Prior to the effective time (or earlier termination of the merger agreement), except as expressly contemplated or permitted by the merger agreement, required by law or as consented to in writing by the other party (such consent not to be unreasonably withheld, conditioned or delayed), and subject to certain specified exceptions, each of Old National and Bremer will, and will cause its subsidiaries to (i) conduct their respective businesses in the ordinary course consistent with past practice in all material respects, (ii) use reasonable best efforts to maintain and preserve intact their respective business organizations, employees and advantageous business relationships and (iii) take no action that would reasonably be expected to adversely affect or materially delay the ability to obtain any necessary approvals of any regulatory agency or other governmental entity required for the transactions contemplated by the merger agreement or to consummate the transactions contemplated thereby on a timely basis.

Additionally, Bremer has undertaken further covenants. Prior to the effective time (or earlier termination of the merger agreement), subject to specified exceptions, Bremer may not, and Bremer may not permit any of its subsidiaries to, without the prior written consent of Old National (such consent not to be unreasonably withheld, conditioned or delayed), undertake the following, among other actions:

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other than in the ordinary course of business consistent with past practice, incur any indebtedness for borrowed money