Holdback Amount definition

Holdback Amount has the meaning set forth in Section 2.06(a).

Holdback Amount means the amounts withheld by the Debtors as of the Confirmation Date as a holdback on payment of Professional Claims pursuant to the Professional Fee Order.

Holdback Amount has the meaning specified in Section 3.2.2.

Examples of Holdback Amount in a sentence

• Any Holdback Amount will be deposited into the Holdback Sub-Account (the Subscription Sub-Account, the Repurchase Sub-Account and the Holdback Sub-Account shall be referred to collectively as the “Escrow Accounts”).

• One year after the date specified in Section 8.3.5(a), the Parties shall, in the same manner, newly calculate the Necessary Holdback Amount and the Holdback Remainder Amount, and follow the same formula and steps under Section 8.3.5. The Parties will repeat this process each year thereafter, until the Holdback Remainder Amount is zero and there are no further amounts to be added to the Holdback Fund from later payments by Defendants.

• If the Actual Closing Consideration is less than the Estimated Closing Consideration, Purchaser shall release to itself from the Holdback Amount an amount equal to the excess of the Estimated Closing Consideration over the Actual Closing Consideration.

• To the extent there is any remaining balance of the Holdback Amount after Purchaser has released such amount to itself, Purchaser shall pay such remaining balance of the Holdback Amount to the Paying Agent (for distribution to the Equityholders in accordance with the Paying Agent Agreement).

• The Equityholders hereby authorize and instruct Purchaser to deduct the Holdback Amount from the consideration otherwise payable to the Equityholders at the Closing, which shall be retained by Purchaser in order to support the Equityholders’ payment obligations, if any, under Section 3.06.

More Definitions of Holdback Amount

Holdback Amount shall have the meaning specified in Section 2.1(c).

Holdback Amount means the aggregate holdback of those Professional fees billed to the Debtors during the Chapter 11 Cases that are held back pursuant to the Professional Fee Order or any other order of the Bankruptcy Court, which amount is to be deposited in the Holdback Escrow Account as of the Effective Date. The Holdback Amount shall not be considered property of the Debtors or the Reorganized Debtors. When all Professional Fee Claims have been paid, amounts remaining in the Holdback Escrow Account, if any, shall be paid to the Reorganized Debtors.

Holdback Amount. With respect to any Holdback Mortgage Loan, any portion of the indebtedness evidenced by the related Mortgage Note that is not disbursed to the related Mortgagor, and is held in a custodial account established by the Servicer for the benefit of the Trustee, as identified on Schedule I-E attached hereto.

Holdback Amount has the meaning set forth in Section 11.5.

Holdback Amount means $500,000.

Holdback Amount means $2,000,000.

Holdback Amount shall have the meaning set forth in Section 3.3.