Holdback Cash. Subject to the terms and conditions of this Agreement, in the event that the Third Cash Payment Date is a date prior to the Expiration Date, then on the Third Cash Payment Date Parent shall retain and hold back $500,000 (the “Holdback Cash”) from the Third Cash Payment Amount otherwise payable pursuant to Section 5(g).
Appears in 3 contracts
Samples: Merger Agreement (TPCO Holding Corp.), Merger Agreement (TPCO Holding Corp.), Merger Agreement (TPCO Holding Corp.)
Holdback Cash. Subject to the terms and conditions of this Agreement, in the event that the Third Cash Payment Date is a date prior to the Expiration Date, then on the Third Cash Payment Date Parent shall retain and hold back $500,000 (the “Holdback Cash”) from the Third Cash Payment Amount otherwise payable pursuant to Section 5(g)2.6.
Appears in 3 contracts
Samples: Merger Agreement (TPCO Holding Corp.), Merger Agreement (TPCO Holding Corp.), Merger Agreement (TPCO Holding Corp.)
