Holdback Fund definition

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.

Holdback Fund has the meaning set forth in Section 8.3.

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

Examples of Holdback Fund in a sentence

• Id. Indeed, reasoned the BAP, given the Bank’s prior setoff and its obtaining a $50,000 Holdback Fund, it believed there was “no need to hold back anything.” Id. at *5.

• COVIDIEN shall have a reversionary interest in the Settlement Escrow Account and Administration Account (and any other accounts that may be created pursuant to the Settlement Escrow Agreement except the Lien Holdback Fund) for any amounts which remain in such Accounts after all distributions have been paid.

• In accordance with the transaction agreement, $60,000 of this purchase price (Holdback Fund) was withheld as security for indemnity obligations and was released to the seller during June 2020.

• In accordance with the transaction agreement, $100,000 of this purchase price (Holdback Fund) was withheld as security for indemnity obligations and was released to the seller during June 2020.

• The $2,000,000 allocation to the IEDA in this Bill will be transferred after the allocations are made to the General Fund under Iowa Code section 123.17(5) for appropriation to the Department of Public Health for the Comprehensive Substance Abuse Program, and any necessary allocations to the Revenue Bonds Debt Service Fund and the Revenue Bonds Federal Holdback Fund.

More Definitions of Holdback Fund

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

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 has the meaning set forth in Section 1.2(c). “HSR Act” has the meaning set forth in Section 5.3(b). “Improvements” has the meaning set forth in Section 3.12(d).

Holdback Fund means the Holdback Fund established pursuant to Section 4 hereof into which the Holdback Deposit [IF APPLICABLE, ADD: and the Swap Breakage Deposit] and/or the proceeds of any Letter of Credit delivered in accordance with the terms hereof shall be deposited.

Holdback Fund shall have the meaning assigned to it in Section 1.8(b)(i).