Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 187

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 187
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ence and its subsidiaries (in each case, when acting in such capacity) (collectively, the “Cadence indemnified parties”) against any costs or expenses (including reasonable attorneys’ fees), judgments, fines, losses, damages or liabilities incurred in connection with any threatened or actual claim, action, suit, proceeding or investigation, whether civil, criminal, administrative or investigative, whether arising before or after the effective time, arising in whole or in part out of, or pertaining to, the fact that such person is or was a director, officer or employee of Cadence or any of its subsidiaries or is or was serving at the request of Cadence or any of its subsidiaries as a director or officer of another person and pertaining to matters, acts or omissions existing or occurring at or prior to the effective time, including matters, acts or omissions occurring in connection with the consideration and approval of the merger agreement and the transactions contemplated by the merger agreement, and the surviving bank will also advance expenses as incurred by the Cadence indemnified party to the fullest extent permitted by applicable law; provided, that in the case of advancement of expenses the Cadence indemnified party to whom expenses are advanced provides an undertaking (in a reasonable and customary form) to repay such advances if it is ultimately determined that such Cadence indemnified party is not entitled to indemnification.

The merger agreement requires the surviving bank to maintain in effect for a period of six (6) years after the effective time the current policies of directors’ and officers’ liability insurance maintained by Cadence (provided, that the surviving bank may substitute therefor policies with a substantially comparable insurer of at least the same coverage and amounts containing terms and conditions which are no less advantageous to the insured) with respect to claims against the present and former officers and directors of Cadence or any of its subsidiaries arising from facts or events which occurred at or before the effective time (including the transactions contemplated by the merger agreement). However, following the merger, Huntington is not obligated to expend,**

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on an annual basis, an amount in excess of three-hundred percent (300%) of the current annual premium paid as of the date of the merger agreement by Cadence for such insurance (the “premium cap”), and if such premiums for such insurance would at any time exceed the premium cap, then Huntington will cause to be maintained policies of insurance that, in its good-faith determination, provide the maximum coverage available at an annual premium equal to the