Common use of Release of Holdback Shares Clause in Contracts

Release of Holdback Shares. Within two (2) Business Days following the date that is eighteen (18) months from the Closing Date, Purchaser shall distribute the remaining portion of the Holdback Shares, if any, to Sellers; provided that if, on or prior to such date any Purchaser Indemnified Party has delivered a Claim Notice to any Indemnifying Person for which there has not been a Final Determination or with respect to which any amounts payable are then outstanding, an amount sufficient to pay such claim or amount outstanding shall be withheld by Purchaser from such distribution until such time as such claim has a Final Determination or such amount outstanding has been satisfied.

Release of Holdback Shares. Within two (2) Business Days following the date that is eighteen twelve (1812) months from the Closing Date, Purchaser shall distribute the remaining portion of the Holdback Shares, if any, to Sellerseach Seller in proportion to their respective interest; provided that if, on or prior to such date any Purchaser Indemnified Party has delivered a Claim Notice to any Indemnifying Person for which there has not been a Final Determination or with respect to which any amounts payable are then outstanding, an amount sufficient to pay such claim or amount outstanding shall be withheld by Purchaser from such distribution until such time as such claim has a Final Determination or such amount outstanding has been satisfied.

Release of Holdback Shares. Within two (2) Business Days following the date that is eighteen twelve (1812) months from the Closing Date, Purchaser shall distribute issue the remaining portion of the Holdback Shares, if any, to SellersOwner and Seller; provided that if, on or prior to such date any Purchaser Indemnified Party has delivered a Claim Notice to any Indemnifying Person for which there has not been a Final Determination or with respect to which any amounts payable are then outstanding, an amount sufficient to pay such claim or amount outstanding shall be withheld by Purchaser from such distribution issuance until such time as such claim has a Final Determination or such amount outstanding has been satisfied.

Release of Holdback Shares. Within two (2) Business Days following the date that is eighteen one (181) months year from the Closing Date, Purchaser shall distribute the remaining portion of the Holdback Shares, if any, to SellersSeller; provided that if, on or prior to such date any Purchaser Indemnified Party has delivered a Claim Notice to any Indemnifying Person for which there has not been a Final Determination or with respect to which any amounts payable from the Holdback Shares are then outstanding, an amount sufficient to pay such claim or amount outstanding shall be withheld by Purchaser from such distribution until such time as such claim has a Final Determination or such amount outstanding has been satisfied.