Company: CCNE
Filing Date: 2025-01-10
Form Type: 425
Source: 0001193125-25-004105
Chunk: 72

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-01-10
Form: 425
Chunk 72
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 construction loan or $2,000,000 for a residential real estate loan. For purposes of this , consent shall be deemed given unless CNB
objects within two (2) Business Days of receiving a notification from ESSA.

(s) . Make any equity
investment or equity commitment to invest in real estate or in any real estate development project (other than by way of foreclosure or acquisitions in a bona fide fiduciary

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capacity or in satisfaction of a debt previously contracted in good faith, in each case in the ordinary course of business consistent with past practice).

(t) . Make or change any material Tax election, file any materially amended Tax Return, enter into any material closing agreement,
settle or compromise any material liability with respect to Taxes, agree to any adjustment of any material Tax attribute, file any material claim for a refund of Taxes, or consent to any extension or waiver of the limitation period applicable to any
material Tax claim or assessment.

(u) . Commit any act or omission which constitutes a material breach
or default by ESSA or ESSA Bank under any agreement with any Governmental Authority or under any Material Contract, Lease or other material agreement or material license to which it is a party or by which it or its properties is bound.

(v) . Foreclose on or take a deed or title to any commercial real estate without first conducting a Phase I
environmental assessment of the property or foreclose on any commercial real estate if such environmental assessment indicates the presence of a Hazardous Substance in amounts which, if such foreclosure were to occur, would be material.

(w) . Cause or allow the loss of insurance coverage maintained by ESSA that would have a Material Adverse Effect on ESSA,
unless replaced with coverage which is substantially similar (in amount and insurer) to that now in effect.

(x) . Discharge
or satisfy any Lien or pay any obligation or liability, whether absolute or contingent, due or to become due, except in the ordinary course of business consistent with normal banking practices.

(y) . Take any action or fail to take any action that is intended or is reasonably likely to result in (i) any of
its representations and warranties set forth in this Agreement being or becoming untrue in any material respect at any time at or prior to the Effective Time, (ii) any of the conditions to the Merger set forth in Article VI not being satisfied,
(iii) a material violation of any provision of this Agreement or (iv) a material delay of the approval