Examples of Indemnity Holdback Amount in a sentence
The parties hereby agree to the appointment of Agent, pursuant to each of the applicable definitive Agent Agreements, to serve as distribution and escrow agent in connection with the holding and disbursement of the Distribution Rights, IPO Consideration and Indemnity Holdback Amount, in each case pursuant to and in accordance with the applicable definitive Agent Agreement.
The Escrow Agreement attached as Exhibit C sets forth the procedures that the parties agree and acknowledge shall control with respect to the holding and disbursement of the Indemnity Holdback Amount by Agent.
The Stockholder hereby grants to the Company a security interest in the Company Shares held as the Indemnity Holdback Amount to secure the indemnification obligations set forth in this Section 5.02.
On the Closing Date, the Operating Partnership shall deposit the Indemnity Holdback Amount in accordance with the terms and conditions of the Escrow Agreement.
The security interest granted pursuant to this Section 6.03 shall attach to OP Units that are not included in the Indemnity Holdback Amount.