Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 192

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 192
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 solely between Maiden and any of its subsidiaries or solely between its subsidiaries or (y) letters of credit issued in the ordinary course of business consistent with past practice, or (B) enter into any swap or hedging transaction or other derivative agreements other than in the ordinary course of business and in compliance with the Maiden investment guidelines in all material respects;

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(A) make any loans, advances or capital contributions to, or investments in, any other person, other than with respect to the bonds, stocks, mortgage loans and other investments, together with all bonds, stocks, mortgage loans and other investments acquired by Maiden and its subsidiaries between December 31, 2023 and the fifth business day prior to the date on which the closing occurs (the “Maiden investment assets”) or otherwise in the ordinary course of business consistent with past practice or between Maiden and any of its subsidiaries or between subsidiaries of Maiden or (B) make any loans to its directors or officers, other than advances to directors, officers or employees in respect of travel or other related business expenses, in each case, in the ordinary course of business consistent with past practice;

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sell or lease to any person, in a single transaction or series of related transactions, any of its owned properties or assets whose value or purchase price exceeds $100,000 individually or $400,000 in the aggregate, except for (A) dispositions of obsolete, surplus or worn out assets or assets that are no longer used or useful in the conduct of the business of Maiden or any of its subsidiaries, (B) transfers among Maiden and its subsidiaries, (C) pursuant to contracts in effect on the date of this Agreement or (D) transactions with respect to Maiden investment assets consistent with the Maiden investment guidelines in all material respects (including in connection with cash management or investment portfolio activities) and other transactions in the ordinary course of business consistent with past practice;

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(A) make any acquisition (including by merger or amalgamation) of the share capital or other equity or voting interests of any other person or a material portion of the assets of any other person, in each case for consideration in excess of $100,000 individually or $250,000 in the aggregate, or (B) merge, consolidate, combine or amalgamate Maiden or any of its subsidiaries with any person;

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except as required pursuant to the terms of any of Maiden’s benefit plan in effect on December 29, 2024, (A) grant to any current