Indemnification Holdback definition

Indemnification Holdback has the meaning assigned to that term in Section 3.1(b) of this Agreement.

Indemnification Holdback has the meaning ascribed to such term in Section 4.1 hereof.

Indemnification Holdback has the meaning set forth in Section 6.3(a).

Examples of Indemnification Holdback in a sentence

• A Holder may have the OP Units and/or REIT Shares that are subject to the Indemnification Holdback Escrow and/or the Transfer Tax Indemnity released by Agent by posting either (i) cash collateral or (ii) a letter of credit in form and substance acceptable to the applicable PGI Party (“Substitute Collateral”).

• So long as any of the Indemnification Holdback Amount remains in the Indemnification Holdback Fund, the Indemnification Holdback Fund shall be the sole source of recovery for any Damage incurred by a Purchaser Indemnitee under Section 8.2 of this Agreement.

• A Purchaser Indemnitee shall be paid from the Indemnification Holdback Fund the amount of any Damage for which it has been finally determined in accordance with Part 10.9(d) of the Disclosure Letter that such Purchaser Indemnitee is entitled to indemnification pursuant to this Section 8, promptly after such final determination.

• The period during which claims for indemnification from the Indemnification Holdback Fund may be initiated shall commence on the Closing Date and terminate at 5:00 p.m., Pacific Time, on December 31, 2014 (the “Indemnification Holdback Claim Period”).

• Within three business days after the date of expiration of the Indemnification Holdback Claim Period, the Indemnification Holdback Fund, less any amount determined pursuant to the previous sentence, shall be paid by the Purchaser to the Seller.

More Definitions of Indemnification Holdback

Indemnification Holdback shall have the meaning specified in Section 1.3.

Indemnification Holdback the Indemnification Holdback Cash and the Indemnification Holdback Shares.

Indemnification Holdback shall have the meaning set forth in Section 8.2(a).

Indemnification Holdback means $1,800,000.

Indemnification Holdback is defined in Section 1.03 of this Purchase Agreement.

Indemnification Holdback shall have the meaning set forth in Section 2.2(d).

Indemnification Holdback means $2,850,000.