Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 328

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 328
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, leases, licenses, hypothecations or security interests of any kind or nature, but excluding restrictions on transfer under applicable U.S. federal, state or other securities Laws.

“ Litigation Losses ” means all claims, liabilities, losses, payments, settlements, damages, judgments, fines, penalties, interest, costs and expenses (including court costs, out-of-pocket fees and expenses of legal counsel, professionals and advisors, and any other amounts in connection with the investigation, defense, settlement, mitigation or appeal, regardless of the ultimate outcome) suffered, incurred, sustained or paid by Parent, Bermuda NewCo or any of their respective Subsidiaries on or after December 27, 2024, in each case arising out of, relating to or in connection with the Noteholder Litigation Matter.

“ Lookback Date ” means May 13, 2022.

“ Maiden Business ” means all businesses of Bermuda NewCo and its Subsidiaries that Parent and its Subsidiaries conducted as of immediately prior to the Closing, and any extensions of such businesses or related or ancillary businesses existing thereafter.

“ Material Bermuda NewCo Subsidiary ” or “ Material Bermuda NewCo Subsidiaries ” means any Subsidiary or Subsidiaries of Bermuda NewCo, after giving effect to the Transactions, that alone or together represent forty percent (40%) or more of the consolidated assets, reserves, revenues or net income of Bermuda NewCo (as such financial metrics are reported in Bermuda NewCo’s Annual Report on Form 10-K and/or audited annual statutory statements of Bermuda NewCo’s Subsidiaries for the most recently completed fiscal year).

“ Measurement EBITDA ” means EBITDA of the Kestrel Business for the applicable Measurement Period.

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“ Measurement Period ” means each of the First Measurement Period, the Second Measurement Period and the Third Measurement Period.

“ Merger Application ” has the meaning set forth in Section 2.03(b) .

“ Merger Sub LLC ” has the meaning set forth in the preamble.

“ Merger Sub LLC Interests ” has the meaning set forth in Section 3.02 .

“ Merger Sub Ltd. ” has the meaning set forth in the preamble.

“ Merger Sub Ltd. Board ” has the meaning set forth in the recitals.

“ Merger Sub Ltd. Shareholder Approval ” has the meaning set forth in Section 7.13(a) .

“