Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 277

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 277
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 | actions expressly required by the merger agreement or that are taken with the prior written consent of the other party in contemplation of the transactions contemplated by the merger agreement; or |

| • | a decline in the trading price of a party’s common stock or the failure to meet earnings projections or internal financial forecasts, but not, in either case, any underlying causes thereof; |

except, with respect to the first four bullet points described above, to the extent that the effects of such change are disproportionately adverse to the business, properties, assets, liabilities, results of operations or financial condition of such party and its subsidiaries, taken as a whole, as compared to other companies in the industry in which such party and its subsidiaries operate. The representations and warranties in the merger agreement do not survive the effective time. Covenants and Agreements Conduct of Business Prior to the Completion of the Merger Prior to the closing (or earlier termination of the merger agreement), except as expressly contemplated or permitted by the merger agreement (including as set forth in the confidential disclosure schedules to the merger agreement delivered by the HomeStreet Parties), as required by law or as consented to in writing by Mechanics (such consent not to be unreasonably withheld, conditioned or delayed), HomeStreet will, and will cause its subsidiaries to, (i) conduct its business in the ordinary course in all material respects and (ii) use reasonable best efforts to maintain and preserve intact its business organization and advantageous business relationships. Notwithstanding the foregoing, HomeStreet and its subsidiaries may take any commercially reasonable actions that HomeStreet reasonably

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determines are necessary or prudent for it to take or not take in response to a pandemic or any related pandemic measures, subject to HomeStreet providing prior notice to and consulting in good faith with Mechanics to the extent such actions would otherwise require Mechanics’ consent. Additionally, prior to the closing (or earlier termination of the merger agreement), except as expressly contemplated or permitted by the merger agreement (including as set forth in the confidential disclosure schedules to the merger agreement delivered by the HomeStreet Parties) or as required by law, HomeStreet will not, and will cause its subsidiaries not to, without the prior written consent of Mechanics (such consent not to be unreasonably withheld, conditioned or delayed), take any of the following actions:

| • | incur any indebtedness for borrowed money (other than indebtedness of HomeStreet or any of its wholly owned subsidiaries to HomeStreet or any of its wholly owned subsidiaries), or assume, guarantee, endorse or