Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 106

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 106
---
 or $75,000 if unsecured, (ii) make loans within its powersports division greater than $100,000 if secured or $75,000 if unsecured, (iii) except as otherwise disclosed make certain loan automobile receivable loans greater than $150,000 if secured or $75,000 if unsecured, (iv) purchase any single loan or any pool of loans greater than $1,000,000, (v) renew any existing loan greater than $5,000,000; or (vi) renew for more than twelve months any loans greater than $250,000 rated “watch” or worse without giving prior notice of such action to Old Second;

•

except for loans or extensions of credit consistent with policies, past practice and applicable law, make or increase any loan or other extension of credit, or commit to make or increase any such loan or extension of credit, any loans to the directors and executive officers of Bancorp Financial or Evergreen Bank Group;

•

abandon or allow to lapse any material intellectual property, other than in the ordinary course of business consistent with past practice;

•

fail to use commercially reasonable efforts to maintain existing insurance policies or comparable replacement policies;

•

make, revoke or change any material tax election different from its prior course of practice, change an annual tax accounting period, adopt or change any material tax accounting method, settle or compromise any material tax liability, or fail to file any tax return when due, with certain exceptions;

•

take or knowingly fail to take any action that would prevent or impede the merger from qualifying as a “reorganization” within the meaning of Section 368(a)(1)(A) of the Code;

•

merge or consolidate itself or any of its subsidiaries with any other person, or restructure, reorganize or completely or partially liquidate or dissolve it or any of its subsidiaries;

•

take or fail to take any action that would cause Bancorp Financial’s representations and warranties in the merger agreement to be inaccurate in any material respect;

•

take any action that is intended or likely to (i) result in the failure of any closing condition of the merger or to otherwise delay the consummation of the merger, or (ii) delay or affect the ability of Bancorp Financial to obtain any regulatory approvals required to complete the merger or the bank merger; or

•

agree to take, make any commitment to take, or adopt any resolutions of Bancorp Financial’s board of directors in support of, any of the actions prohibited by the merger agreement.

Old Second