Termination Holdback Amount definition

Termination Holdback Amount has the meaning specified in Section 19.2(b).
Sample 1Sample 2Sample 3
Termination Holdback Amount means Six Hundred Fifty Thousand Dollars ($650,000.00).
Sample 1
Termination Holdback Amount has the meaning specified in Section 19.2(b). “Third Party Supplier” means any seller of Crude Oil under a Procurement Contract (other than the Company or any Affiliate of the Company). “Transaction Document” means any of this Agreement, the Marketing and Sales Agreement, the Inventory Sales Agreement, the Storage Facilities Agreement, the Step-Out Inventory Sales Agreement, the Required Storage and Transportation Arrangements, the Prepaid Forward Confirmation, the Fee Letter and any other agreement or instrument contemplated hereby or executed in connection herewith, including any guarantees or other credit support documents as may be from time to time provided by the Company and/or its Affiliates. “Volume Determination Procedures” mean (a) in respect of determining the NSV of Crude Oil in the Crude Storage Tanks or Products in the Product Storage Tanks, the Company’s ordinary month-end procedures, which include manually gauging each Crude Storage Tank or Product Storage Tank on the last day of the month to ensure that the automated tank level readings are accurate to within a tolerance of two inches; provided that if the automated reading cannot be calibrated to be within such tolerance, the Company shall use the manual gauge reading in its calculation of month-end inventory and (b) in respect of determining the NSV of Crude Oil in the Included Crude Tanks, Products in the Included Product Tanks, or linefill in the third party Included Crude Pipelines and Included Product Pipelines, using the volumes reported on the most recently available monthly statements in respect of such tanks and pipelines. “Weekly Projection” has the meaning specified in Section 5.2(c).
Sample 1

Examples of Termination Holdback Amount in a sentence

  • Concurrently with the payment of the Estimated Termination Amount, but subject to retention by Xxxx of the Termination Holdback Amount, Xxxx shall release and return to the Company the Initial Margin Amount, provided that all such payments may be made on a net basis.

  • Nearpod offers 13,000+ customizable lessons, videos, and activity banks for all subject areas and grade levels.

  • The Termination Holdback Amount shall be used to support the obligations of the lessees under Section 13 of the Management Agreements, and MR Holdings or Mission Residential Holdings, LLC under the Guarantee to pay Buyer certain termination fees in the event of a termination of the Management Agreements under certain circumstances specified therein (the “Termination Fees”).

  • For purposes of determining the Estimated Termination Amount, (A) all amounts specified on Schedule U due from the Company to Xxxx shall be included in such determination and (B) the Non-Holdback Portion, if any, due from Xxxx to the Company shall be included in such determination but, for the avoidance of doubt, the Estimated Termination Amount shall not include the Termination Holdback Amount.

Related to Termination Holdback Amount

  • Holdback Amount has the meaning set forth in Section 2.1(c).

  • Indemnity Escrow Amount means $3,000,000.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Escrow Cash is defined in Section 4.1(a).

  • Retained Amount means the present value (as determined in accordance with sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of the Total Benefits net of all federal, state and local taxes imposed on Executive with respect thereto.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Adjustment Escrow Amount means $1,000,000.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Cash Amount means an amount of cash equal to the product of (i) the Value of a REIT Share and (ii) the REIT Shares Amount determined as of the applicable Valuation Date.

  • Holdback has the meaning set forth in Section 4.1(d)(i).

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.