Initial Holdback Release Date definition
Initial Holdback Release Date has the meaning set forth in Section 8.5(c).
Initial Holdback Release Date shall have the meaning specified in Section 3.1(b) of the Agreement.
Examples of Initial Holdback Release Date in a sentence
Buyer agrees to distribute to Parent on the 12-month anniversary of the Initial Holdback Release Date, the remaining Holdback Shares less that number of Holdback Shares that became Set-Off Shares during such 12-month period (the “Final Holdback Release Date”).
If an Indemnification Obligation is not definitely ascertained by the Initial Holdback Release Date or the Final Holdback Release Date, as the case may be, Buyer may in good faith estimate that amount and set-off against the Holdback Shares in respect of such estimate (the “Disputed Shares”), subject to an accounting to Parent when the amount is definitely ascertained.