Examples of Hold Back Period in a sentence
At the end of the Hold Back Period, the Contractual Restriction Legend found in Section 11.3 shall be removed from the Hold Back Shares to reflect the expiration of the Hold Back Period.
If, prior to the expiration of the Hold Back Period, the Purchaser has given notice of any Indemnification Claims and/or Purchase Price Reduction Claims, the Escrow Agent shall retain Principal in an amount equal to the aggregate of all such Indemnification Claims and Purchase Price Reduction Claims together with any interest or income thereon (collectively the "Retained Portion").
In its complaint, Medi-Care alleges that Health II breached the Agreement by failing to remit the$660,000 it held back under the terms of the Agreement but which, according to Medi-Care, became due and payable at the end of the Hold Back Period.
The REIT may not postpone or suspend a filing pursuant to this Section 2 more than three times in any 12 month period and a period of at least 45 days shall elapse between the termination of any Delay Period, Hold Back Period or Interruption Period and the commencement of the immediately succeeding Delay Period.
The Principal, less (x) the total amount of all Indemnity Claims validly made by Purchaser pursuant to ARTICLE 11 of the Purchase Agreement, less (y) the amount of any Purchase Price Reduction Claims validly made pursuant to the provisions of Section 2.4 of the Purchase Agreement, and (z) any interest on the total of the amounts specified in (x) and (y) shall be paid to Unity together with any interest or income thereon on the business day immediately following the expiration of the Hold Back Period.