Hold Back definition

Hold Back. The Contractor’s hold back will be the same as the Agreement for the original unit. Insurance: Policy period will be for an ongoing renewable twelve (12) month period commencing the date the concept is implemented. Worker’ Compensation: The Contractor will provide the Company with a certificate of clearance, and/or proof of payment of an account in good standing with the Worker’s Compensation Board. Endorsement: Endorsement of the attached by both Carrier and Contractor will form Schedule “D” of the Contractor’s Agreement.

Hold Back means an amount withheld under the terms of the contract to ensure the complete performance of the contract and to avoid overpayment in relation to progress of work;

Hold Back is a portion of the purchase price that is placed in escrow to guarantee the validity of the accounts being acquired. The "hold back percentage" for this acquisition is 20% and shall be held by the closing agent. Disbursement of the hold back amount shall be calculated based on the total monthly revenue at closing minus the monthly revenue generated by the number of remaining accounts at 120 days after close of purchase. Said amount shall be multiplied times seven point 5 (7.5) and subtracted from the total "Gross Price including hold back" to determine the "actual hold back amount", which shall be disbursed to InReach within 135 days of close. The remainder, if any, shall be disbursed to the Seller within 135 days of close. In no event shall the purchase price be reduced by more than the "holdback" percentage. Buyer shall provide verification of remaining customer accounts on their billing system as of 120 days after close for sellers review.

Examples of Hold Back in a sentence

• Deficiency Servicer Expense Deficiency vendor collection fee Servicer Hold Back Amount Amount servicer withholds for future trailing expenses.

• The Hold Back Shares shall bear the following legend: THE SALE OR OTHER TRANSFER OF THE SHARES REPRESENTED HEREBY HAS BEEN CONTRACTUALLY RESTRICTED.

• The time period for which the Company is required to maintain the effectiveness of any Registration Statement shall be extended by the aggregate number of days of all Delay Periods, all Hold Back Periods and all Interruption Periods occurring during such Registration and such period and any extension thereof is hereinafter referred to as the "Effectiveness Period".

• The time period for which the Corporation is required to maintain the effectiveness of any Registration Statement shall be extended by the aggregate number of days of all Delay Periods, all Hold Back Periods and all Interruption Periods occurring during such Registration.

• The receipt of any final payments of Shareholders Equity, the post closing adjustment, and the Hold Back Amount, as such terms are defined in that certain Asset Purchase Agreement dated as of July 2, 2012 among Safeguard Acquisitions, Inc., Interform Corporation and the Borrower (the “Safeguard APA”).

More Definitions of Hold Back

Hold Back means $2,925,000, being 15% of $19,500,000;

Hold Back. In connection with any underwritten public offering by the Company of its equity securities pursuant to an effective registration statement filed under the Securities Act, including the Company's initial public offering, Grantee shall not directly or indirectly sell, make any short sale of, loan, hypothecate, pledge, offer, grant or sell any option or other contract for the purchase of, purchase any option or other contract for the sale of, or otherwise dispose of or transfer, or agree to engage in any of the foregoing transactions with respect to, any option shares acquired under this Agreement without the prior written consent of the Company or its underwriters. The period of such restriction (the "Blackout Period") shall be in effect for such period of time following the date of the final prospectus for the offering as may be requested by the Company or such underwriters. In no event, however, shall such period exceed 180 days. In the event of the declaration of a stock dividend, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company's outstanding shares of Common Stock without receipt of consideration, any new, substituted or additional securities which are by reason of such transaction distributed with respect to any option shares subject to the Blackout Period, or into which such option shares thereby become convertible, shall immediately be subject to the restrictions set forth herein. In order to enforce such restriction, the Company may impose stop-transfer instructions with respect to the option shares acquired under this Agreement until the end of the applicable stand-off period. The Company's underwriters shall be beneficiaries of the agreement set forth in this subsection. This subsection shall not apply to option shares registered in the public offering under the Securities Act, and Grantee shall be subject to this subsection only if the directors and officers of the Company are subject to similar arrangements.

Hold Back shall have the meaning set out in Section 2.2.6.

Hold Back shall have the meaning specified in Article 1.8(b).

Hold Back means the amount of money deducted from a Contractor's request for payment for

Hold Back has the meaning set forth in Section 2.2(a).

Hold Back shall have the meaning ascribed to it in Section 3.1.3.