Holdback Fund definition

Holdback Fund has the meaning specified in Section 8.3.

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Holdback Fund means the Holdback Shares and any Additional Holdback Shares relating thereto, held by RDSI and governed by the terms set forth herein.

Holdback Fund means the Holdback Amount deposited by Buyer in a separate interest bearing account of Buyer solely for that purpose, together with any interest or earnings thereon.

Examples of Holdback Fund in a sentence

A Purchaser Indemnitee shall be paid from the Indemnification Holdback Fund the amount of any Damage for which it has been finally determined in accordance with Part 10.9(d) of the Disclosure Letter that such Purchaser Indemnitee is entitled to indemnification pursuant to this Section 8, promptly after such final determination.
The period during which claims for indemnification from the Indemnification Holdback Fund may be initiated shall commence on the Closing Date and terminate at 5:00 p.m., Pacific Time, on December 31, 2014 (the “Indemnification Holdback Claim Period”).
So long as any of the Indemnification Holdback Amount remains in the Indemnification Holdback Fund, the Indemnification Holdback Fund shall be the sole source of recovery for any Damage incurred by a Purchaser Indemnitee under Section 8.2 of this Agreement.
Within three business days after the date of expiration of the Indemnification Holdback Claim Period, the Indemnification Holdback Fund, less any amount determined pursuant to the previous sentence, shall be paid by the Purchaser to the Seller.
Any dispute about the reasonableness of payments from the Holdback Fund shall be subject to dispute resolution pursuant to Section 10.2. A Releasee may obtain a payment from the Holdback Fund to settle a Holdback Claim only if the settlement requires the Person asserting the Holdback Claim to execute an unconditional release of all Released Claims against all Releasees, in form and substance reasonably satisfactory to the Defendants, unless all Defendants consent otherwise.

More Definitions of Holdback Fund

Holdback Fund shall have the meaning ascribed to such term in Section 3.1(b).

Holdback Fund has the meaning set forth in Section 1.9 of this Agreement.

Holdback Fund means, as any time of determination, a number of shares of Buyer Common Stock equal to (a) the Holdback Shares less (b) if a positive number, the Final Closing Adjustment. “Holdback Shares” means 130,526 shares of Buyer Common Stock.

Holdback Fund means the Holdback Amount, plus or minus gains or losses from investments, and minus amounts disbursed therefrom, in each case pursuant to the terms of this Agreement.

Holdback Fund has the meaning specified in Section 2.6(a).

Holdback Fund shall have the meaning set forth in Section 8.6(b).

Holdback Fund means the Holdback Cash, plus all interest earned thereon while held by the Stockholders' Agent for the benefit of the HOVRS Stockholders.