Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 191

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 191
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 relationships with governmental entities, 
 customers and suppliers and others having significant business dealings with them.                              |

Each of American Water and Essential has also agreed that the other party may, and may cause its subsidiaries to, take reasonable good faith actions in compliance with applicable law with respect to any operational emergencies (including any emergency restoration measures in response to any hurricane, snow storm or blizzard, strong winds, ice event, fire, tornado, tsunami, flood, earthquake or other natural or manmade disaster or severe weather-related event, circumstance or development), equipment failures, outages, or an immediate and material threat to the health or safety of natural persons; provided that such party shall reasonably consult with the other party with respect to any such actions (prior to taking such actions, to the extent reasonably practicable) and will consider in good faith feedback from the other party with respect to such actions. Conduct of Essential’s Business In addition, without limiting the generality of the covenants and exceptions described under “— Conduct of Business Prior to the Effective Time—Conduct of Business,” Essential has agreed that, except (i) as set forth in the confidential disclosure schedule delivered by Essential or otherwise required or expressly contemplated by the merger agreement, (ii) as required by applicable law, or (iii) with the prior written consent of American Water (which consent will not be unreasonably withheld, conditioned or delayed), during the interim period, Essential will not, and will not permit any of its subsidiaries to, do any of the following:

| • |     | amend the organizational documents of Essential or any of its subsidiaries, other than, in the case of any                                                                                   
 organizational document of a subsidiary, in a manner that would be materially adverse to American Water or that would reasonably be expected to interfere with the completion of the merger; |

| • |     | declare, set aside or pay dividends or make any distribution in respect of any Essential equity securities, other                                                                                                                            
 than (i) the declaration and payment of quarterly cash dividends with respect to the Essential common stock on a schedule consistent with Essential’s past practices in an amount not in excess of the amounts set forth in the confidential 
 disclosure schedule delivered by Essential, (ii) the declaration and payment of dividends from a subsidiary to Essential or to another wholly owned subsidiary, and (iii) dividend equivalents accrued or payable by Essential in respect of 
 equity awards in accordance with the applicable award agreements;                                                                                                                                                                            |

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| • |     | (i) split, combine or reclassify any Essential equity