Common use of CONCERNING THE TRUSTEE 27 Clause in Contracts

CONCERNING THE TRUSTEE 27. Section 6.01. Duties and Responsibilities of the Trustee; During Default; Prior to Default 27 Section 6.02. Certain Rights of the Trustee 28 Section 6.03. Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof 29 Section 6.04. Trustee and Agents May Hold Securities; Collections, etc. 29 Section 6.05. Moneys Held by Trustee 29 Section 6.06. Compensation and Indemnification of Trustee and Its Prior Claim 29 Section 6.07. Right of Trustee to Rely on Officers’ Certificate, etc. 30 Section 6.08. Disqualification of Trustee; Conflicting Interests 30 Section 6.09. Persons Eligible for Appointment as Trustee 30 Section 6.10. Resignation and Removal; Appointment of Successor Trustee 30 Section 6.11. Acceptance of Appointment by Successor Trustee 31 Section 6.12. Merger, Conversion, Consolidation or Succession to Business of Trustee 32 Section 6.13. Preferential Collection of Claims Against the Company 32 ARTICLE 7 CONCERNING THE SECURITYHOLDERS 33 Section 7.01. Evidence of Action Taken by Securityholders 33 Section 7.02. Proof of Execution of Instruments 33 Section 7.03. Holders to Be Treated as Owners 33 Section 7.04. Securities Owned by Company Deemed Not Outstanding 33 Section 7.05. Right of Revocation of Action Taken 34 Section 7.06. Record Date for Determination of Holders Entitled to Vote 34 ARTICLE 8 SUPPLEMENTAL INDENTURES 34 Section 8.01. Supplemental Indentures Without Consent of Securityholders 34 Section 8.02. Supplemental Indentures With Consent of Securityholders 35 Section 8.03. Effect of Supplemental Indenture 36 Section 8.04. Documents to Be Given to Trustee 36 Section 8.05. Notation on Securities in Respect of Supplemental Indentures 36 ARTICLE 9 CONSOLIDATION, MERGER, SALE OR CONVEYANCE 37 Section 9.01. Company May Consolidate, etc., on Certain Terms 37 Section 9.02. Successor Corporation Substituted 37 Section 9.03. Opinion of Counsel to Trustee 38

CONCERNING THE TRUSTEE 27. Section 6.01. Duties and Responsibilities of the Trustee; During Default; Prior to Default 27 Section 6.02. Certain Rights of the Trustee 28 Section 6.03. Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof 29 Section 6.04. Trustee and Agents May Hold Securities; Collections, etc. etc 29 Section 6.05. Moneys Held by Trustee 29 Section 6.06. Compensation and Indemnification of Trustee and Its Prior Claim 29 Section 6.07. Right of Trustee to Rely on Officers’ Certificate, etc. etc 30 Section 6.08. Disqualification of Trustee; Conflicting Interests 30 Section 6.09. Persons Eligible for Appointment as Trustee 30 Section 6.10. Resignation and Removal; Appointment of Successor Trustee 30 31 Section 6.11. Acceptance of Appointment by Successor Trustee 31 32 Section 6.12. Merger, Conversion, Consolidation or Succession to Business of Trustee 32 Section 6.13. Preferential Collection of Claims Against the Company 32 33 ARTICLE 7 CONCERNING THE SECURITYHOLDERS 33 Section 7.01. Evidence of Action Taken by Securityholders 33 Section 7.02. Proof of Execution of Instruments 33 Section 7.03. Holders to Be Treated as Owners 33 Section 7.04. Securities Owned by Company Deemed Not Outstanding 33 Section 7.05. Right of Revocation of Action Taken 34 Section 7.06. Record Date for Determination of Holders Entitled to Vote 34 ARTICLE 8 SUPPLEMENTAL INDENTURES 34 Section 8.01. Supplemental Indentures Without Consent of Securityholders 34 Section 8.02. Supplemental Indentures With Consent of Securityholders 35 Section 8.03. Effect of Supplemental Indenture 36 Section 8.04. Documents to Be Given to Trustee 36 Section 8.05. Notation on Securities in Respect of Supplemental Indentures 36 ARTICLE 9 CONSOLIDATION, MERGER, SALE OR CONVEYANCE 37 Section 9.01. Company May Consolidate, etc., on Certain Terms 37 Section 9.02. Successor Corporation Substituted 37 Section 9.03. Opinion of Counsel to Trustee 3838 ARTICLE 10 SATISFACTION AND DISCHARGE; DEFEASANCE 38 Section 10.01. Satisfaction and Discharge of Indenture 38 Section 10.02. Defeasance and Covenant Defeasance 38 Section 10.03. Application by Trustee of Funds Deposited for Payment of Securities 40 Section 10.04. Repayment of Moneys Held by Paying Agent 40 Section 10.05. Return of Unclaimed Moneys Held by Trustee and Paying Agent 40 Section 10.06. Reinstatement of Obligations 40 ARTICLE 11 REDEMPTION OF SECURITIES 41 Section 11.01. Notice of Redemption; Partial Redemptions 41 Section 11.02. Payment of Securities Called for Redemption 42 Section 11.03. Exclusion of Certain Securities from Eligibility for Selection for Redemption 42 Section 11.04. Repayment at the Option of the Holders 42 ii ARTICLE 12 HOLDERS’ MEETINGS 43 Section 12.01. Purposes of Meetings 43 Section 12.02. Call of Meetings by Trustee 43 Section 12.03. Call of Meetings by Company or Holders 43 Section 12.04. Qualifications for Voting 43 Section 12.05. Regulations 43 Section 12.06. Voting 44 Section 12.07. No Delay of Rights by Meeting 44 ARTICLE 13 SECURITY 44 ARTICLE 14 MISCELLANEOUS PROVISIONS 45 Section 14.01. Incorporators, Stockholders, Officers and Directors of Company Exempt from Individual Liability 45 Section 14.02. Provisions of Indenture for the Sole Benefit of Parties and Securityholders 45 Section 14.03. Successors and Assigns of Company Bound by Indenture 45 Section 14.04. Notices and Demands on Company, Trustee and Securityholders 45 Section 14.05. Officers’ Certificates and Opinions of Counsel; Statements to Be Contained Therein 46 Section 14.06. Payments Due on Saturdays, Sundays and Holidays 46 Section 14.07. Conflict of Any Provision of Indenture with Trust Indenture Act 46 Section 14.08. New York Law to Govern 47 Section 14.09. Counterparts 47 Section 14.10. Effect of Headings 47 Section 14.11. Determination of Principal Amount 47 Section 14.12. Waiver 47 Section 14.13. Force Majeure 47 Section 14.14. Waiver of Jury Trial 47 THIS INDENTURE, dated as of ____________, 20__, is by and between MidWestOne Financial Group, Inc., an Iowa corporation, and ___________________________, as Trustee.

CONCERNING THE TRUSTEE 27. Section 6.01. 7.01 Certain Duties and Responsibilities of the Trustee; During Default; Prior to Default Trustee 27 Section 6.02. 7.02 Certain Rights of the Trustee 28 Section 6.03. 7.03 Trustee Not Responsible for Recitals, Disposition of Recitals or Issuance or Securities or Application of Proceeds Thereof 29 30 Section 6.04. Trustee and Agents 7.04 May Hold Securities; Collections, etc. 29 Securities 30 Section 6.05. 7.05 Moneys Held by Trustee 29 in Trust 30 Section 6.06. 7.06 Compensation and Indemnification of Trustee and Its Prior Claim 29 Reimbursement 31 Section 6.07. Right of Trustee to Rely 7.07 Reliance on Officers’ Certificate, etc. 30 Officer’s Certificate 31 Section 6.08. Disqualification of Trustee7.08 Disqualification; Conflicting Interests 30 32 Section 6.09. Persons Eligible for Appointment as 7.09 Corporate Trustee 30 Required; Eligibility 32 Section 6.10. 7.10 Resignation and Removal; Appointment of Successor Trustee 30 32 Section 6.11. 7.11 Acceptance of Appointment by By Successor Trustee 31 33 Section 6.12. 7.12 Merger, Conversion, Consolidation or Succession to Business of Trustee 32 35 ii. Table Of Contents (continued) Page Section 6.13. 7.13 Preferential Collection of Claims Against the Company 32 35 Section 7.14 Notice of Default. 35 ARTICLE 7 8 CONCERNING THE SECURITYHOLDERS 33 35 Section 7.01. 8.01 Evidence of Action Taken by Securityholders 33 35 Section 7.02. 8.02 Proof of Execution of Instruments 33 by Securityholders 36 Section 7.03. Holders to Be Treated as 8.03 Who May be Deemed Owners 33 36 Section 7.04. 8.04 Certain Securities Owned by Company Deemed Not Outstanding 33 Section 7.05. Right of Revocation of Action Taken 34 Section 7.06. Record Date for Determination of Holders Entitled to Vote 34 ARTICLE 8 SUPPLEMENTAL INDENTURES 34 Section 8.01. Supplemental Indentures Without Consent of Securityholders 34 Section 8.02. Supplemental Indentures With Consent of Securityholders 35 Section 8.03. Effect of Supplemental Indenture 36 Section 8.04. Documents to Be Given to Trustee 36 Section 8.05. Notation on Securities in Respect of Supplemental Indentures 36 ARTICLE 9 CONSOLIDATION, MERGER, SALE OR CONVEYANCE Disregarded 37 Section 9.01. Company May Consolidate, etc., 8.05 Actions Binding on Certain Terms 37 Section 9.02. Successor Corporation Substituted 37 Section 9.03. Opinion of Counsel to Trustee 38Future Securityholders 37

CONCERNING THE TRUSTEE 27. Section 6.01. 7.01 Certain Duties and Responsibilities of the Trustee; During Default; Prior to Default Trustee 27 Section 6.02. 7.02 Certain Rights of the Trustee 28 Section 6.03. 7.03 Trustee Not Responsible for Recitals, Disposition of Recitals or Issuance or Securities or Application of Proceeds Thereof 29 30 Section 6.04. Trustee and Agents 7.04 May Hold Securities; Collections, etc. 29 Securities 30 Section 6.05. 7.05 Moneys Held by Trustee 29 in Trust 30 Section 6.06. 7.06 Compensation and Indemnification of Trustee and Its Prior Claim 29 Reimbursement 31 Section 6.07. Right of Trustee to Rely 7.07 Reliance on Officers’ Certificate, etc. 30 Officer’s Certificate 31 Section 6.08. Disqualification of Trustee7.08 Disqualification; Conflicting Interests 30 32 Section 6.09. Persons Eligible for Appointment as 7.09 Corporate Trustee 30 Required; Eligibility 32 Section 6.10. 7.10 Resignation and Removal; Appointment of Successor Trustee 30 32 Section 6.11. 7.11 Acceptance of Appointment by By Successor Trustee 31 33 Section 6.12. 7.12 Merger, Conversion, Consolidation or Succession to Business of Trustee 32 35 Section 6.13. 7.13 Preferential Collection of Claims Against the Company 32 35 Section 7.14 Notice of Default. 35 ARTICLE 7 8 CONCERNING THE SECURITYHOLDERS 33 35 Section 7.01. 8.01 Evidence of Action Taken by Securityholders 33 35 ii. Table Of Contents (continued) Page Section 7.02. 8.02 Proof of Execution of Instruments 33 by Securityholders 36 Section 7.03. Holders to Be Treated as 8.03 Who May be Deemed Owners 33 36 Section 7.04. 8.04 Certain Securities Owned by Company Deemed Not Outstanding 33 Section 7.05. Right of Revocation of Action Taken 34 Section 7.06. Record Date for Determination of Holders Entitled to Vote 34 ARTICLE 8 SUPPLEMENTAL INDENTURES 34 Section 8.01. Supplemental Indentures Without Consent of Securityholders 34 Section 8.02. Supplemental Indentures With Consent of Securityholders 35 Section 8.03. Effect of Supplemental Indenture 36 Section 8.04. Documents to Be Given to Trustee 36 Section 8.05. Notation on Securities in Respect of Supplemental Indentures 36 ARTICLE 9 CONSOLIDATION, MERGER, SALE OR CONVEYANCE Disregarded 37 Section 9.01. Company May Consolidate, etc., 8.05 Actions Binding on Certain Terms 37 Section 9.02. Successor Corporation Substituted 37 Section 9.03. Opinion of Counsel to Trustee 38Future Securityholders 37

CONCERNING THE TRUSTEE 27. Section 6.01. 7.01 Certain Duties and Responsibilities of the Trustee; During Default; Prior to Default Trustee 27 Section 6.02. 7.02 Certain Rights of the Trustee 28 Section 6.03. 7.03 Trustee Not Responsible for Recitals, Disposition of Recitals or Issuance or Securities or Application of Proceeds Thereof 29 30 Section 6.04. Trustee and Agents 7.04 May Hold Securities; Collections, etc. 29 Securities 30 Section 6.05. 7.05 Moneys Held by Trustee 29 in Trust 30 Section 6.06. 7.06 Compensation and Indemnification of Trustee and Its Prior Claim 29 Reimbursement 31 Section 6.07. Right of Trustee to Rely 7.07 Reliance on Officers’ Certificate, etc. 30 Officer’s Certificate 31 Section 6.08. Disqualification of Trustee7.08 Disqualification; Conflicting Interests 30 32 Section 6.09. Persons Eligible for Appointment as 7.09 Corporate Trustee 30 Required; Eligibility 32 Section 6.10. 7.10 Resignation and Removal; Appointment of Successor Trustee 30 32 Section 6.11. 7.11 Acceptance of Appointment by By Successor Trustee 31 33 Section 6.12. 7.12 Merger, Conversion, Consolidation or Succession to Business of Trustee 32 35 Section 6.13. 7.13 Preferential Collection of Claims Against the Company 32 35 Section 7.14 Notice of Default. 35 ARTICLE 7 8 CONCERNING THE SECURITYHOLDERS 33 35 Section 7.01. 8.01 Evidence of Action Taken by Securityholders 33 35 Section 7.02. 8.02 Proof of Execution of Instruments 33 by Securityholders 36 Section 7.03. Holders to Be Treated as 8.03 Who May be Deemed Owners 33 36 Section 7.04. 8.04 Certain Securities Owned by Company Deemed Not Outstanding 33 Section 7.05. Right of Revocation of Action Taken 34 Section 7.06. Record Date for Determination of Holders Entitled to Vote 34 ARTICLE 8 SUPPLEMENTAL INDENTURES 34 Section 8.01. Supplemental Indentures Without Consent of Securityholders 34 Section 8.02. Supplemental Indentures With Consent of Securityholders 35 Section 8.03. Effect of Supplemental Indenture 36 Section 8.04. Documents to Be Given to Trustee 36 Section 8.05. Notation on Securities in Respect of Supplemental Indentures 36 ARTICLE 9 CONSOLIDATION, MERGER, SALE OR CONVEYANCE Disregarded 37 Section 9.01. Company May Consolidate, etc., 8.05 Actions Binding on Certain Terms 37 Section 9.02. Successor Corporation Substituted 37 Section 9.03. Opinion of Counsel to Trustee 38Future Securityholders 37