Initial Holdback Amount definition

Initial Holdback Amount means $40,000,000.

Initial Holdback Amount has the meaning set forth in Section 2.8(a).

Initial Holdback Amount is defined in Section 11.7(a). (hhh) “Initial Holdback Deadline” is defined in Section 11.7(b).

Examples of Initial Holdback Amount in a sentence

• The dollar amount to be payable at Closing by Purchaser to the Escrow Agent shall constitute an amount equal to (A) the Initial Holdback Amount minus (B) the Deposit (plus interest accrued thereon as prescribed in Section 2.3(b)).

• The dollar amount to be payable by Purchaser to Sellers at the Closing (the “Closing Payment”) shall constitute an amount equal to (i) the estimate of the Adjusted Purchase Price delivered in accordance with this Section 8.4(a) minus (ii) the Deposit (plus interest accrued thereon as prescribed in Section 2.3(b)) minus (iii) the remainder of (A) the Initial Holdback Amount minus (B) the Deposit (plus interest accrued thereon as prescribed in Section 2.3 (b)).

• The Initial Holdback Amount shall be withheld by the Buyer from the Purchase Price (as provided herein) and, subject to the terms of this Agreement, shall be available to satisfy any claims for indemnity made pursuant to Section 11.2(a) and Section 11.2(b).

• In the event that any objection by Seller has not been resolved pursuant to this Section 1.06(c) within 90 days from the applicable Closing Date, Purchaser shall continue to hold an amount of the Initial Holdback Amount or Subsequent Holdback Amount, as the case may be, equal to the amount in dispute.

• In this case the last transac­ tion was made on 20th of February, 1946, and the suit should have been instituted within three years from that date plus the further period extending the limitation as already indicated.

More Definitions of Initial Holdback Amount

Initial Holdback Amount means the amount which is equal to 5% of the amount obtained by multiplying Estimated Book Value by 1.2.

Initial Holdback Amount is defined in Section 11.7(a).

Initial Holdback Amount means $900,000 of the Initial Payment that shall be withheld by GBB as Holdback Funds in accordance with Sections 2.2 and 2.4.

Initial Holdback Amount means the Total Holdback Amount minus the First Holdback Reserve. “knowledge” (including any derivation thereof such as “known” or “knowing”) means: (i) with respect to Seller, the knowledge, with a duty of reasonable inquiry of Persons within the Seller, of Xxxxxxx and (ii) with respect to Buyer, the knowledge, with a duty of reasonable inquiry of Persons within Buyer, of Xxxxxxxxxxx X. Xxxxxx, Xxxxx X. Xxxx III and Xxxx X. Xxxxx;

Initial Holdback Amount has the meaning specified in Section 3.1(d).

Initial Holdback Amount means an amount equal to the VAT Assessment less the Banorte VAT Loan Amount.

Initial Holdback Amount means an amount in cash and/or Parent Options equal to $18,375,000 (as such number may be adjusted as a result of the application of the formulae set forth on Exhibit A hereto); provided, however, that the maximum portion of Initial Holdback Amount that may consist of Parent Options is set forth in the terms and conditions of Section 1.8(d)(ii) and Exhibit A hereto.