Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 123

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 123
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 but under the terms of the merger agreement the closing would occur after the termination date, the termination date shall be extended to the specified date;

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TABLE OF CONTENTS

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by either Old National or Bremer (provided that the terminating party is not then in material breach of any representation, warranty, obligation, covenant or other agreement contained in the merger agreement) if there is a breach of any of the obligations, covenants or agreements or any of the representations or warranties (or any such representation or warranty ceases to be true) set forth in the merger agreement on the part of Bremer, in the case of a termination by Old National, or Old National or ONB Merger Sub, in the case of a termination by Bremer, which either individually or in the aggregate would constitute, if occurring or continuing on the date the mergers are completed, the failure of a closing condition of the terminating party and which is not cured within forty-five (45) days following written notice to the party committing such breach, or by its nature or timing cannot be cured during such period (or such fewer days as remain prior to the termination date); or

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by Old National prior to such time as the requisite Bremer vote is obtained, if (i) the Bremer board of directors shall have (a) failed to recommend in this proxy statement/prospectus that the shareholders of Bremer approve the merger agreement, or withheld, withdrawn, modified or qualified such recommendation in a manner adverse to Old National, (b) adopted, approved, recommended or endorsed an alternative acquisition proposal or publicly disclosed its intention to do so, or failed to publicly and without qualification recommend against such alternative acquisition proposal or reaffirm the its recommendation that the shareholders of Bremer approve the merger agreement, within ten (10) business days after an alternative acquisition proposal is made public or any request by Old National to do so or (c) publicly proposed to do any of the foregoing or (ii) Bremer or the Bremer board of directors has breached in any material respect its obligations relating to shareholder approval or the non-solicitation of acquisition proposals.

Neither Old National nor Bremer is permitted to terminate the merger agreement as a result of any increase or decrease in the market price of Old National common stock or Bremer common stock.

#### Effect of Termination
If the merger agreement is terminated, it will become void and have no effect, except that (i) none of Bremer, Old National or ONB Merger Sub