Holdback Shares definition

Holdback Shares has the meaning set forth in Section 2.5(b)(v).

Holdback Shares has the meaning set forth in Section 3.3(b).

Holdback Shares means, with respect to any given Holder of Allowed GenOn Notes Claims, the shares of New Common Stock that as of the Effective Date are not permitted to be distributed to such Holder because one or more Required Regulatory Approvals are required but have not been obtained. Any such Holder is referred to as a “Holdback Entity”. For the avoidance of doubt, if the Required Regulatory Approvals that are required but have not been obtained for any Holdback Entity relate only to shares of New Common Stock in excess of a specific amount, the Holdback Shares for such Holdback Entity shall be only such excess (i.e., if a portion of the shares can be distributed and a portion cannot, then only the latter portion are Holdback Shares).

Examples of Holdback Shares in a sentence

• The New Common Stock Reserve Administrator shall have no liability for the price received for such Holdback Shares.

• On the Effective Date, if there are any Holdback Shares, a new common stock reserve (the “New Common Stock Reserve”) shall be established by either the Debtors or the Reorganized Debtors (depending upon the applicable Exit Structure) for the distribution of Holdback Shares pursuant to the terms of the Plan.

• These arrangements may be settled, at the Sellers’ option, by either cancellation of Holdback Shares or cash.

• The Holdback Shares for each Holdback Entity shall be issued on the Effective Date, and on behalf of such Holdback Entity placed in the New Common Stock Reserve by the Debtors or the Reorganized Debtors, as applicable.

• The Holdback Shares are issuable over a period of 90 days to five years after the date of acquisition and are subject to settlement of purchase price adjustments, indemnification arrangements and other future compensable events.

More Definitions of Holdback Shares

Holdback Shares means 66,011 Buyer Ordinary Shares, representing the Holdback Amount divided by the Buyer Share Price.

Holdback Shares is defined in Section 7.4(a).

Holdback Shares means 12.5% of the Base Stock Consideration as and when issued to Company Members pursuant to this Agreement.

Holdback Shares means, collectively, the Indemnification Holdback Shares and the Tax Indemnification Holdback Shares (totaling in the aggregate 720,000 shares of Parent Stock otherwise included as Merger Consideration).

Holdback Shares. Section 4.1(a)

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

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