Examples of Holdback Termination Date in a sentence
Subject to the conditions and limitations set forth in this Article 9, Buyer shall also be entitled to set off against the Retention Holdback Remainder available as of the Retention Holdback Termination Date the amount of any Indemnified Losses in excess of the Holdback Cash Consideration for which an Indemnified Party is entitled to indemnification pursuant to this Article 9.
Subject to the conditions and limitations set forth in Article 9, the Buyer shall be entitled to set off against the Retention Holdback Remainder which remains available as of the Retention Holdback Termination Date the amount of any Indemnified Losses in excess of the Holdback Cash Consideration for which an Indemnified Party is entitled to indemnification pursuant to Article 9.
The balance of the Holdback Funds, if any, less the aggregate amount of unresolved claims for indemnification properly noticed pursuant to Section 9.1 by Buyer on or prior to the Holdback Termination Date, shall be paid to Shareholder by wire or check, at Shareholder’s election, on the Holdback Termination Date.
In the event that one or more Holdback Claims remains disputed on and after the Holdback Termination Date, the Purchaser shall retain the disputed amount of the Holdback Claim(s) until the Holdback Claim is either (i) resolved by the Purchaser and the Company, or (ii) there is an order of a court of competent jurisdiction that the amount of the Holdback Claim (and any other amount) shall be paid by the Purchaser to the Company.
On the Holdback Termination Date, the Purchaser shall promptly, and in any event no later than five (5) days after the Holdback Termination Date, pay over to the Company the remaining amount of the Holdback, plus interest thereon pursuant to the provisions of Section 2.5(d), less any Unresolved Holdback Claims.