Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 68

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 68
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 999 of the Code.

Section 5.18. Insurance.
Section 5.18 of the Company Disclosure Schedule sets forth a true, correct and complete list of all material policies of insurance
held by, or for the benefit of, the Company or any of its Subsidiaries as of the date of this Agreement. True, correct and complete copies
of such insurance policies, together with all amendments, modifications, or supplements thereto have been provided to BSII. With respect
to each such insurance policy: (a) the policy is legal, valid, binding and to the knowledge of the Company, enforceable in accordance
with its terms and is in full force and effect, (b) neither the Company nor any of its Subsidiaries is in material breach or default
(including any such breach or default with respect to the payment of premiums or the giving of notice), and to the knowledge of the Company,
no event has occurred which, with or without notice or the lapse of time or both, will constitute such a breach or default, or permit
termination or modification, under the policy, (c) to the knowledge of the Company, no insurer on any such policy has been declared
insolvent or placed in receivership, conservatorship or liquidation, (d) no written notice of cancellation, termination, non-renewal,
disallowance or reduction in coverage has been received (or, to the Company’s knowledge, threatened), nor has there been any lapse
in coverage since January 1, 2022 and (e) there are no material claims by the Company nor any of its Subsidiaries pending under
any of the insurance policies as to which coverage has been denied or disputed by the underwriters of such policies or in respect of which
such underwriters have reserved their rights. Neither the Company nor any of its Subsidiaries have any material self-insurance programs.
To the knowledge of the Company, there is no fact, condition, situation or set of circumstances (including the consummation of the transactions
contemplated hereby) that could reasonably be expected to result in or be the basis for any material premium increase with respect to,
or material alteration of coverage under, any insurance policy. The insurance policies are with reputable insurance carriers and provide
coverage to the Company and its Subsidiaries against all risk of the businesses of the Company and its Subsidiaries that to the knowledge
of the Company are reasonable and appropriate considering the business of