Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 110

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 110
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, incur any indebtedness for borrowed money (other than indebtedness of Bremer or any of its wholly-owned subsidiaries to Bremer or any of its subsidiaries), assume, guarantee, endorse or otherwise as an accommodation become responsible for the obligations of any other individual, corporation or other entity (the creation of deposit liabilities, issuance of letters of credit, purchases of federal funds, borrowings from the Federal Home Loan Bank, sales of certificates of deposits, and entry into repurchase agreements are not prohibited by this covenant);

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adjust, split, combine or reclassify any capital stock;

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make, declare, pay or set a record date for any dividend, or make any other distribution on, or directly or indirectly redeem, purchase or otherwise acquire, any shares of its capital stock or other equity or voting securities or any securities or obligations convertible (whether currently convertible or convertible only after the passage of time or the occurrence of certain events) into or exchangeable for any shares of its capital stock or other equity or voting securities, except, in each case, (i) dividends paid by any of Bremer’s subsidiaries to Bremer or any of its wholly-owned subsidiaries, (ii) regular quarterly cash dividends by Bremer at a rate not in excess of $1.70 per share of Bremer common stock, (iii) cash dividends on shares of Bremer common stock in an amount per share that the Bremer board of directors determines in good faith are required to be paid by Bremer to ensure the conditions to the conversion right with respect to Bremer Class B common stock set forth in the Bremer articles of incorporation are not satisfied, (iv) the acceptance of shares of Bremer Class B common

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stock into Bremer Class A common stock in accordance with the Bremer articles of incorporation, or (v) the purchase or repurchase of Bremer Class A common stock pursuant to the Bremer plan of reorganization;

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grant any stock options, stock appreciation rights, performance shares, restricted stock units, restricted shares or other equity-based awards or interests, or grant any individual, corporation or other entity any right to acquire any shares of its capital stock;

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issue, sell, transfer, encumber or otherwise permit to become outstanding any additional shares of capital stock or voting securities or equity interest or securities convertible or exchangeable into, or exercisable for, any shares of its capital stock or other equity or voting securities, or any options, warrants, or other rights of any kind to