Company: NWBI
Filing Date: 2025-02-20
Form Type: S-4/A
Source: 0001193125-25-030716
Chunk: 101

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-20
Form: S-4/A
Chunk 101
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 any additional extension of 
 credit, principal forgiveness, or effect any uncompensated release of collateral), except (A) loans for which a commitment to make or acquire was entered into prior to the date of the Merger Agreement; and (B)(i) unsecured loans or commitments       
 for unsecured loans less than $250,000 individually, and (ii) secured loans or commitments for secured loans less than $2,000,000 individually, and (iii) loans or commitments for loans greater than $500,000 if immediately after making the            
 loan the person obtaining the loan and the person’s affiliates would have loans owed to Jersey Shore Bank and Luzerne Bank that is, in the aggregate, less than $5,000,000, in each case, in compliance with the underwriting policies and related        
 loan policies of Jersey Shore Bank or Luzerne Bank, as applicable, in effect as of the date of this Agreement; provided, however, for any new loan or commitment (including a letter of credit) for any new loan or renewal or extension of existing      
 commitments or amendment or modification of any loan, (including in any manner that would result in any additional extension of credit, principal forgiveness, or effect any uncompensated release of collateral) in excess of the limits described in    
 clause (B) hereof, Northwest shall have been deemed to have consented to any loan in excess of such amount if Northwest does not object to any such proposed loan in writing within two (2) business days of receipt by Northwest of a request            
 by Penns Woods to exceed such limit along with all financial or other data that Northwest may reasonably request in order to evaluate such loan;                                                                                                          |

| • |     | restructure or materially change its investment securities portfolio or its portfolio duration, through                                                                                                                                            
 purchases, sales or otherwise, or the manner in which the portfolio is classified or reported, or invest in any mortgage-backed or mortgage-related securities which would be considered “high risk” securities under applicable regulatory        
 pronouncements, provided, however, than Penns Woods and its subsidiaries will not be prohibited from maintaining and monitoring their securities portfolios or purchasing or selling securities in the ordinary course of business consistent with 
 investment policies;                                                                                                                                                                                                                               |

| • |     | except for non-exclusive licenses and the expiration of intellectual                                                                                                             
 property in the ordinary course, sell, assign, dispose of, abandon, allow to expire, license or transfer any material intellectual property of Penns Woods and its subsidiaries; |

| • |     | (i