Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 97

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 97
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 true or correct has had or reasonably would be expected to have a material 
 adverse effect on Penns Woods, and Northwest shall have received a certificate, dated as of the Effective Date, signed on behalf of Penns Woods by the CEO or CFO of Northwest to such effect;                                                           |

| • |     | Penns Woods must have performed in all material respects all obligations required to be performed by it under the                                                                                     
 Merger Agreement at or prior to the Effective Time, and Northwest must have received a certificate, dated as of the Effective Date, signed on behalf of Penns Woods by its CEO or CFO to such effect; |

| • |     | Penns Woods must have obtained the consent or approval of each person (other than governmental authorities) whose                                                                                                                                      
 consent or approval is required under the Merger Agreement or under any loan or credit agreement, note, mortgage, indenture, lease, license or other agreement or instrument in connection with the transactions contemplated by the Merger Agreement, 
 except those for which failure to obtain such consents and approvals would not, individually or in the aggregate, in Northwest’s reasonable estimate, have a material adverse effect, after the Effective Time, on the combined company, including     
 any consent or approval required for the assignment of any material contracts under the Merger Agreement;                                                                                                                                              |

| • |     | Northwest must have received a statement executed on behalf of Penns Woods, dated as of the Effective Date, that                                                                                                        
 satisfies the requirements of regulations of the United States Department of Treasury Regulations (“Treasury Regulations”) Section 1.1445-2(c)(3), (in a form reasonably applicable to Northwest)                       
 certifying that the Penns Woods common stock do not represent United States real property interests within the meaning of Section 897 of the Internal Revenue Code and the Treasury Regulations promulgated thereunder; |

| • |     | there must not have been any condemnation, eminent domain or similar proceedings commenced or threatened in                                                                           
 writing by any governmental authority with respect to any real estate owned by Penns Woods or any of its subsidiaries, including real estate acquired in connection with foreclosure; |

| • |     | Northwest must have received a written opinion from its counsel dated as of the Effective Date, to the effect                                                                                                                             
 that, on the basis of facts, representations and assumptions set forth or referred to in the written opinion, the Merger will qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as