Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 338

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 338
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 prior to the date Measurement EBITDA for the Third Measurement Period is finally determined pursuant to Section 2.01(c) .

“ Third Measurement Period ” means the period beginning on the first day immediately following the last day of the Second Measurement Period and ending on the date immediately preceding the one (1)-year anniversary of such date.

“ Transactions ” means, collectively, the transactions contemplated by this Agreement and the Ancillary Agreements, including the First Merger and the Company Contribution.

“ Transfer ” has the meaning set forth in Section 7.18(c) .

“ Treasury Regulations ” means the United States Treasury Regulations promulgated under the Code.

“ UK GDPR ” has the meaning set forth in the definition of “Company Privacy Obligations.”

“ Unaffiliated Bermuda NewCo Directors ” means all directors of the Bermuda NewCo Board other than any Holder Designees (as such term is defined in each of the Registration and Investor Rights Agreements).

“ US NewCo ” has the meaning set forth in the preamble.

“ US NewCo Award ” means a US NewCo Restricted Share or US NewCo Option, as applicable.

“ US NewCo Board ” has the meaning set forth in the recitals.

“ US NewCo Book-Entry Interest ” has the meaning set forth in Section 3.02(c) .

“ US NewCo Interests ” means the common limited liability company interests of US NewCo.

“ US NewCo Option ” has the meaning set forth in Section 3.06(a)(i) .

“ US NewCo Restricted Share ” has the meaning set forth in Section 3.06(a)(i) .

“ Voting Agreements ” has the meaning set forth in the recitals.

“ Waived 280G Benefits ” has the meaning set forth in Section 7.11(b) .

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“ Willful Breach ” means a material breach of this Agreement that is a consequence of an act or omission undertaken by the breaching party with the Knowledge that the taking of or the omission of taking such act would, or would reasonably be expected to, cause or constitute a material breach of this Agreement.

Section 1.02 Interpretation .

(a) As used in this Agreement, references to the following terms have the meanings indicated:

(i) to the Preamble or to the Recitals, Sections, Articles, Exhibits or Schedules are to the Preamble or a Recital, Section or Article of, or an Exhibit or Schedule