Holdback Amount definition

Holdback Amount has the meaning set forth in Section 2.1(c).

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 set forth in Section 1.3 hereof.

Examples of Holdback Amount in a sentence

• The Holdback Amount will be held by the Stockholders’ Representative for its benefit as security for its obligations on behalf of the Stockholders under this Agreement, including under Article XI.

• At Closing, Parent shall cause the Holdback Amount to be delivered to the Stockholders’ Representative by wire transfer of immediately available funds to the account(s) designated in writing by the Stockholders’ Representative.

• For all applicable Tax purposes, the Holdback Amount will be treated as having been received and voluntarily set aside by the Stockholders at the time of Closing.

• Any portions of the Escrow Fund and Holdback Amount that are released to the Stockholders or the Paying Agent on behalf of the Stockholders or the Surviving Corporation in accordance with the terms of this Agreement and the Ancillary Agreements shall constitute Merger Consideration for purposes of Section 2.4 and Section 2.5 and will be paid to the Stockholders in accordance with each Stockholder’s Pro Rata Portion.

• The Stockholders will not receive any interest or earnings on the Holdback Amount and irrevocably transfer and assign to the Stockholders’ Representative any ownership right that they may otherwise have had in any such interest or earnings.

More Definitions of Holdback Amount

Holdback Amount the meaning set forth in Section 2.1(b).

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 means $500,000.

Holdback Amount has the meaning set forth in Section 11.5.

Holdback Amount means $2,000,000.

Holdback Amount shall have the meaning set forth in Section 3.7.