Indemnity Holdback has the meaning ascribed thereto in Section 2.5.1(c);
Indemnity Holdback has the meaning set forth in Section 2.3(a)(iii).
Indemnity Holdback means Eight Million Dollars ($8,000,000.00 USD) of the Cash Payment.
Examples of Indemnity Holdback in a sentence
Subject to Section 6.3.1(e), the Parties expressly agree that the Purchaser may set off all amounts to which it may be entitled under Section 6.1 against the Indemnity Holdback, provided that any set-off against indemnifiable obligations may only be done after final resolution of such indemnity Claim.
The Vendors severally, and not jointly (except to the extent Losses are to be recovered pursuant to the Indemnity Holdback, in which case, jointly and severally), represent and warrant to the Purchaser, as set forth in Sections 3.1.3 to 3.1.48 of Schedule 3.1 hereof, and acknowledge that the Purchaser is relying upon such representations and warranties in entering into this Agreement and purchasing the Purchased Shares.
More Definitions of Indemnity Holdback
Indemnity Holdback means the amount of $642,500.
Indemnity Holdback means $1,600,000.
Indemnity Holdback means the sum of the Aggregate Shareholder Indemnity Holdback Amount and the Key Participant Indemnity Holdback Amount.
Indemnity Holdback means, in respect of each Vendor Group, an amount, in cash, equal to 4% of the Estimated Closing Consideration to which it is entitled on the Closing Date remitted to the Escrow Agent in accordance with the Escrow Agreement. For the purposes hereof, the Estimated Closing Consideration of each of Fady Group, Exxxxxx Group and Jxxxx shall be deemed to exclude its Restricted Stock Consideration.
Indemnity Holdback means, in respect of each Vendor Group, an amount, in cash, equal to 4% of the Estimated Closing Consideration to which it is entitled on the Closing Date remitted to the Escrow Agent in accordance with the Escrow Agreement. For the purposes hereof, the Estimated Closing Consideration of each of Fady Group, Enrique Group and James shall be deemed to exclude its Restricted Stock Consideration.
Indemnity Holdback means 3,970,997 shares of the Share Consideration.