Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 110

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 110
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 of the mergers, but in no event later than five (5) business days thereafter, Old National will cause the exchange agent to mail to each holder of record of one (1) or more certificates (which, for purposes of this proxy statement/prospectus, shall be deemed to include certificates or book-entry account statements) representing shares of Bremer common stock immediately prior to the effective time, a letter of transmittal and instructions for use in effecting the surrender of such old certificate(s) in exchange for the merger consideration, including new certificates (which, for purposes of this proxy statement/prospectus, shall be deemed to include certificates or evidence in book-entry form) representing the number of whole shares of Old National common stock which shares of Bremer common stock represented by such old certificate(s) shall have been converted into the right to receive pursuant to the merger agreement, as well as any cash in lieu of fractional shares and dividends or distributions to be paid pursuant to the merger agreement as described in “— Dividends and Distributions” below.

If a certificate for Bremer common stock has been lost, stolen or destroyed, the exchange agent will issue the consideration in the mergers upon receipt of (i) an affidavit of that fact by the claimant and (ii) if required by Old National, the posting of a bond by such claimant in an amount as Old National may determine is reasonably necessary as indemnity against any claim that may be made against it with respect to such old certificate.

After the effective time of the mergers, there will be no further transfers on the stock transfer books of Bremer of Bremer common stock that were issued and outstanding immediately prior to the effective time.

#### Withholding
Each of Old National and the exchange agent will be entitled to deduct and withhold from any consideration otherwise payable pursuant to the merger agreement to any holder of Bremer common stock the amounts it is required to deduct and withhold under the Code or any provision of state, local, or foreign tax law. Old National or the exchange agent, as applicable, will make commercially reasonable efforts to provide notice to the applicable payee of its intent to deduct or withhold and the basis for such deduction or withholding before any such deduction or withholding is made, and reasonably cooperate with such payee in order to eliminate or to reduce any such deduction or withholding, including providing a reasonable opportunity for such payee to provide forms or other evidence that would mitigate, reduce or eliminate such deduction or withholding. If any such amounts are withheld and paid over to the appropriate