Holdback Termination Date definition

Holdback Termination Date means the first business day following six months after the Closing Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Holdback Termination Date has the meaning set forth in ‎Section 2.3.

Holdback Termination Date has the meaning set forth in Section 2.5(a) of this Agreement.

Examples of Holdback Termination Date in a sentence

Within five Business Days of the final adjudication or resolution of an outstanding claim properly noticed pursuant to Section 9.1 by Buyer on or prior to the Holdback Termination Date, Buyer shall disburse to Shareholder the balance, if any, of the Holdback Funds reserved for such claim.
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.
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 Buyer will distribute the remaining Holdback Shares less the amount reserved for Pending Claims to Seller.
When no Pending Claims remain following the Holdback Termination Date, Buyer will distribute the remaining Holdback Shares following resolution of the Pending Claims existing on the Holdback Termination Date to Seller.

More Definitions of Holdback Termination Date

Holdback Termination Date means the date which is fifteen (15) months after the Closing Date, except to the extent necessary to indemnify against Open Claims (as hereinafter defined) as contemplated by Section 7.3.2, for which the "Holdback Termination Date" shall mean the date on which all such matters are finally determined and disposed of.

Holdback Termination Date is defined in Section 2.9(b).

Holdback Termination Date has the meaning set forth in ss.2(d) below.

Holdback Termination Date means the date one year after the date of execution of this Agreement.

Holdback Termination Date means the date eighteen (18) months from the Closing Date.

Holdback Termination Date. Section 1.5 "Initial Deposit" Section 1.4(a)

Holdback Termination Date means the date that is 16 months after the Closing Date. For purposes of illustration only, if the Closing Date is December 31, 2008, the Holdback Termination Date would be April 30, 2010.