Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 329

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 329
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 Insurance Regulator and the FASB, (j) any action required to be taken by Parent, or that Parent is required to cause one of its Subsidiaries to take, pursuant to, or any failure of Parent or any of its Subsidiaries to take an action prohibited by, the terms of this Agreement or any Ancillary Agreement to which Parent is or will be a party (it being understood that the exceptions in clauses (c), (g) and (h) shall not prevent or otherwise affect a determination that the underlying cause of any such failure or change referred to therein (if not otherwise falling within any of the exceptions provided by clauses (a) through (j) hereof) is a Parent Material Adverse Effect), or (k) the reserve development or other charges publicly announced at or around the time of the announcement of the Transactions; provided , further , however , that any effect, change, circumstance or event referred to in clause (a), (b), (d), (e) or (i) may be taken into account in determining whether or not there has been a Parent Material Adverse Effect to the extent such effect, change or event has a materially disproportionate adverse effect on Parent and its Subsidiaries, taken as a whole, relative to other similarly sized participants engaged primarily in the insurance, reinsurance or risk management industries in the geographic regions or product markets in which Parent and its Subsidiaries operate or underwrite insurance or reinsurance or manage risk (in which case the incremental materially disproportionate effect or effects may be taken into account in determining whether or not a Parent Material Adverse Effect has occurred).

“ Parent Material Contract ” has the meaning set forth in Section 6.16(a) .

“ Parent Memorandum of Association ” means Parent’s Memorandum of Association, as amended up to and including the date of this Agreement.

“ Parent Notice ” has the meaning set forth in Section 7.03(e) .

“ Parent Option ” means a share option to purchase Parent Shares.

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“ Parent Organizational Documents ” means the Parent Memorandum of Association and the Parent Bye-Laws.

“ Parent Owned Intellectual Property ” has the meaning set forth in Section 6.13(a) .

“ Parent Parties ” has the meaning set forth in Section 10.16(d) .

“ Parent Payments ” has the meaning set forth in Section 7.11(b) .

“ Parent Plan ” means each plan, program,