Holdback Fund definition

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 has the meaning specified in Section 8.3.

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

• Release of Adjustment Holdback Fund .......................................................31 Section 2.08.

• If the Closing Purchase Price as finally determined pursuant to Section 2.04(a) exceeds the Estimated Closing Purchase Price (the absolute value of such amount, the “Surplus”), within five (5) Business Days after such final determination thereof (A) the Buyer shall deliver to Seller an amount equal to the Surplus by wire transfer or delivery of other immediately available funds, and (B) the Buyer shall release from the Adjustment Holdback Fund the remainder of the funds held therein to Seller.

• The aggregate amount in the Adjustment Holdback Fund and Buyer’s right to withhold and offset an amount from any Earn-Out Payment not in excess of the Earn-Out Offset Cap shall be the Buyer’s sole and exclusive source of recovery for any amounts owing to the Buyer pursuant to this Section 2.04(b)(ii) and in no event shall the amount of such recovery exceed the sum of the Adjustment Holdback Amount plus the Earn-Out Offset Cap.

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 has the meaning specified in Section 2.6(a).

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 an amount equal to the Adjustment Holdback Amount, plus the Indemnity Holdback Amount withheld from the aggregate Purchase Price at Closing by Buyer.

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

Holdback Fund means the Holdback Payment, together with any accrued interest thereon. “Holdback Payment” has the meaning set forth in Section 2.2(b)(ii)(A).