Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 178

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 178
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 permit any of its subsidiaries to, without the prior written consent of Huntington (such consent not to be unreasonably withheld, conditioned or delayed):

| • | other than in the ordinary course of business consistent with past practice, incur any indebtedness for borrowed money (other than indebtedness of Cadence or any of its wholly owned subsidiaries to Cadence or any of its wholly owned subsidiaries), or assume, guarantee, endorse or otherwise as an accommodation become responsible for the obligations of any other person (other than any wholly owned subsidiary of Cadence), provided that incurrence of indebtedness in the ordinary course of business consistent with past practice will include federal funds borrowings and Federal Home Loan Bank borrowings, the creation of deposit liabilities, issuances of letters of credit, purchases of federal funds, sales of certificates of deposit and entry into repurchase agreements, in each case on terms and in amounts consistent with past practice; |

| • | adjust, split, combine or reclassify any capital stock; |

| • | make, declare, pay or set a record date for any dividend, or any other distribution on, or directly or indirectly redeem, purchase or otherwise acquire, any shares of its capital stock or other equity or voting securities or any securities or obligations convertible (whether currently convertible or convertible only after the passage of time or the occurrence of certain events) into or exchangeable for any shares of its capital stock or other equity or voting securities (except (i) regular quarterly cash dividends by Cadence at a rate not in excess of $0.275 per share of Cadence common stock, (ii) dividends payable on the Cadence preferred stock in accordance with the terms thereof, (iii) dividends paid by any of the subsidiaries of Cadence to Cadence or any of its wholly owned subsidiaries, or (iv) the acceptance of shares of Cadence common stock as payment for withholding taxes incurred in connection with the vesting or settlement of Cadence equity awards and dividend equivalents thereon, if any, in each case, in accordance with past practice and the terms of the applicable award agreements); |

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| • | grant any stock options, stock appreciation rights, performance shares, restricted stock units, restricted shares or other equity-based awards or interests, including Cadence equity awards, or grant any individual, corporation or other entity any right to acquire any shares of its capital stock or other equity or voting securities; |

| • | issue, sell or otherwise permit to become outstanding any additional shares of capital