Holdback Escrow Account definition

Holdback Escrow Account means the escrow account established by the Reorganized Debtors into which Cash equal to the Holdback Amount shall be deposited on the Effective Date for the payment of Allowed Professional Fee Claims to the extent not previously paid or disallowed.

Holdback Escrow Account means the interest-bearing escrow account into which Cash equal to the Holdback Escrow Amount shall be deposited on the Effective Date for the payment of Allowed Professional Claims (as Allowed pursuant to the terms of this Plan) to the extent not previously paid or disallowed.

Holdback Escrow Account means the account formed under the Holdback Escrow Agreement.

Examples of Holdback Escrow Account in a sentence

• When all Professional Claims have been paid in full, amounts remaining in the Holdback Escrow Account, if any, shall be paid to the Reorganized Debtors.

• The Disbursing Agent shall maintain the Holdback Escrow Account in trust for the Professionals with respect to whom fees have been held back pursuant to the Professional Fee Order.

• The remaining amount of Professional Claims owing to the Professionals shall be paid to such Professionals by the Disbursing Agent from the Holdback Escrow Account when such claims are finally allowed by the Bankruptcy Court.

• On the Effective Date, the Debtors or the Reorganized Debtors shall pay to the Disbursing Agent, in order to fund the Holdback Escrow Account, Cash equal to the aggregate Holdback Amount for all Professionals.

• On the Effective Date, the Reorganized Debtors shall fund the Holdback Escrow Account with Cash equal to the aggregate Holdback Escrow Amount for all Professionals.

More Definitions of Holdback Escrow Account

Holdback Escrow Account means the escrow account or segregated fund into which Cash equal to the Holdback Amount shall be deposited or allocated on the Effective Date for the payment of Allowed Professional Claims in accordance with the terms hereof to the extent not previously paid or disallowed.

Holdback Escrow Account means the account established pursuant to the terms of the Escrow Agreement to serve as security for indemnification claims made by Purchaser or Purchaser's related persons under this Agreement.

Holdback Escrow Account shall have the meaning given to such term in Section 14.2(a) hereof.

Holdback Escrow Account means the escrow account established by Reorganized Tronox into

Holdback Escrow Account means the escrow account into which Cash equal to the Holdback Amount shall be deposited on the Effective Date for the payment of Allowed Professional Claims to the extent not previously paid or disallowed. ^ 1.117 "IAM" means the International Association of Machinists and Aerospace Workers and its District 10 and Tool and Die Makers Lodge 78. ^ 1.118 "IAM Memorandum of Understanding" means, collectively, (i) that certain memorandum of understanding, dated July 31, 2007, as approved by the Bankruptcy Court on August 16, 2007, among the IAM, Delphi, and GM, and all attachments and exhibits thereto; and (ii) IUOE-IBEW-IAM-Delphi-GM Implementation Agreement Regarding 414(l) Transfers, Implementation of Term Sheet, Delphi Pension Freeze and Cessation of OPEB, and Application of Releases, dated September 25, 2008. ^ 1.119 "IBEW" means the International Brotherhood of Electrical Workers and its Local 663.

Holdback Escrow Account means the escrow account into which Cash equal to the Holdback Escrow Amount shall be deposited on the Effective Date for the payment of

Holdback Escrow Account means the bank account identified as such in the Holdback Escrow Agreement into which the Holdback Amount is to be paid;