Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 334

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 334
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.02(d) .

“ Parent Share Certificate ” has the meaning set forth in Section 3.01(c) .

“ Parent Share Plan ” means the Maiden Holdings, Ltd. 2019 Omnibus Incentive Plan.

“ Parent Shareholder Approval ” has the meaning set forth in Section 6.03(h) .

“ Parent Shareholders ” has the meaning set forth in the recitals.

“ Parent Shareholders Meeting ” has the meaning set forth in Section 7.04(c) .

“ Parent Shares ” means the common shares, par value $0.01 per share, of Parent.

“ Parent Statutory Statements ” has the meaning set forth in Section 6.18(a) .

“ Parent Voting Cutback Bye-Law Resolution ” means the resolution to approve the amendment to Bye-Law 1.1 and Bye-Law 33 of the Parent Bye-Laws set forth on Exhibit H-1 hereto.

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TABLE OF CONTENTS

“ Parent’s Counsel ” has the meaning set forth in Section 7.10(c) .

“ party ” has the meaning set forth in the preamble.

“ Paying Agent ” has the meaning set forth in Section 3.05(a) .

“ Paying Agent Agreement ” has the meaning set forth in Section 3.05(a) .

“ Permits ” has the meaning set forth in Section 5.08(a) .

“ Permitted Liens ” means (a) statutory Liens for Taxes, assessments or other charges by Governmental Authorities not yet due and payable or the amount or validity of which is being contested in good faith and by appropriate proceedings and, in either case, for which adequate reserves are being maintained in accordance with GAAP and Applicable SAP, (b) mechanics’, materialmen’s, carriers’, workmen’s, warehousemen’s, repairmen’s, landlords’ and similar Liens granted or which arise in the ordinary course of business and which are not yet due and payable or the amount or validity of which is being contested in good faith and by appropriate proceedings and, in either case, for which adequate reserves are being maintained in accordance with GAAP, (c) Liens securing payment, or any obligation, of the Company or its Subsidiaries or Parent or its Subsidiaries, as applicable, with respect to outstanding Indebtedness so long as there is no default under such Indebtedness, (d) Liens granted in the ordinary course of business