Examples of Holdback Deadline in a sentence
If Purchaser delivers a Claim Notice on or before the end of the Initial Holdback Deadline or the Final Holdback Deadline, as applicable, and Sellers do not dispute such claim, Purchaser shall be entitled to indemnification by the Sellers in accordance with ARTICLE 11, including the right to receive from the Holdback Amount funds in an amount equal to the amount of the indemnity claim for which Purchaser is entitled under this ARTICLE 11.
No later than 10 (ten) Business Days following the Holdback Deadline, Buyer shall pay to the Seller by wire transfer of immediately available funds to the account(s) designated in writing to Buyer by Seller an amount equal to (A) the MFCU Holdback Amount, minus (B) the MFCU Matter Penalties Amount.
If the FHLMC Consent is not received on or before December 31, 2001 (the "Holdback Deadline")(regardless of whether the FHLMC Consent is received by Purchaser following the Holdback Deadline), subject to clause (vi) below, the Purchase and Assumption Price shall be permanently reduced by the amount of the FHLMC Holdback Amount and no further amounts shall be due or payable to Parent or any Seller with respect to the FHLMC Consent.
To the extent that, prior to the Holdback Deadline, MFCU assesses (or expresses its intent to assess) any penalties, damages, or other liabilities against any member of the Company Group arising from the MFCU Matter (the “MFCU Matter Penalties Amount”), then Buyer shall (a) provide all such documentation received in connection with such matter to Seller, and (b) reasonably consult with Seller as to any actions to be undertaken by the Company Group with respect thereto.
If either the SunAmerica Consent or the Anchor Consent is not received by the Holdback Deadline (regardless of whether such consent is received by Purchaser following the Holdback Deadline), subject to clause (vi) below, the Purchase and Assumption Price shall be permanently reduced by the amount of the corresponding SunAmerica Holdback Amount or Anchor Holdback Amount and no further amounts shall be due or payable to Parent or any Seller with respect to such consent.
If Buyer has delivered one or more Claim Notices to the Principal Representative and the Escrow Agent on or before the Holdback Deadline and has not then determined the appropriate amount to be offset, Buyer shall pay to the Escrow Account promptly upon the Holdback Deadline an amount equal to remaining portion of the Holdback Amount less any amounts estimated in any Claim Notice and an amount reasonably estimated by Buyer to cover any unresolved claims.