Holdback Interest Rate definition
Holdback Interest Rate means 75 basis points (0.75%).
Holdback Interest Rate means three-fourths percent (0.75%).
Holdback Interest Rate has the meaning set forth in Section 2.5(d) of this Agreement.
Examples of Holdback Interest Rate in a sentence
At the Closing, Buyer shall retain an amount equal to the Holdback Amount for purposes of satisfying (i) the Purchase Price adjustments set forth in Section 2.7 and (ii) claims pursuant to and in accordance with Article 10 of this Agreement (such retained amount, as reduced from time to time pursuant to Section 2.7(d) or Section 10.2(g), together with interest accrued thereon at a rate equal to Holdback Interest Rate, the "Holdback Fund").
More Definitions of Holdback Interest Rate
Holdback Interest Rate means six and one-half Percent (6.5%) per annum, which the parties agree is approximately equal to the rate of interest paid by the United States of America with respect to its six month Treasury Bills as of the date hereof.