The Excess Holdback Amount shall be released to the Sellers upon completion of the New Lands SPA (or if applicable the Sellers Lands SPA).
Additionally, interim communication allows the auditee to address identified observations as soon as they are known as opposed to waiting for the final communication.
Holdback Amount has the meaning set forth in Section 2.06(a).
Escrow Amount has the meaning set forth in Section 2.1(c).
Indemnity Escrow Amount means $5,000,000.
Holdback has the meaning set forth in Section 4.1(d)(i).
Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.
Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.
Indemnity Escrow Account has the meaning set forth in Section 2.3(c).
Expense Fund has the meaning set forth in Section 9.14(f).
Excess Amount has the meaning set forth in Section 13.
Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.
Net Loss Proceeds means the aggregate cash proceeds received by Xxxx Las Vegas or any of the Restricted Subsidiaries in respect of any Event of Loss, including, without limitation, insurance proceeds from condemnation awards or damages awarded by any judgment, net of: