Holdback Shares has the meaning set forth in Section 2.5(b)(v).
Holdback Shares means, with respect to any given Holder of Allowed GenOn Notes Claims, the shares of New Common Stock that as of the Effective Date are not permitted to be distributed to such Holder because one or more Required Regulatory Approvals are required but have not been obtained. Any such Holder is referred to as a “Holdback Entity”. For the avoidance of doubt, if the Required Regulatory Approvals that are required but have not been obtained for any Holdback Entity relate only to shares of New Common Stock in excess of a specific amount, the Holdback Shares for such Holdback Entity shall be only such excess (i.e., if a portion of the shares can be distributed and a portion cannot, then only the latter portion are Holdback Shares).
Holdback Shares shall have the meaning set forth in Section 1.7.4.
Examples of Holdback Shares in a sentence
Any such assignee will be required to pay the applicable purchase price for shares purchased pursuant to the exercise of Rights under Section 1(a) as provided in such section and any amounts payable upon the exercise of Oversubscription Rights under Section 1(b) and with respect to the Holdback Shares and Backstop Shares by 2:00 p.m., New York time on the second Business Day after receipt of the Commitment Notice or Satisfaction Notice (which deadline will be set forth therein).
More Definitions of Holdback Shares
Holdback Shares means, collectively, the Indemnification Holdback Shares and the Tax Indemnification Holdback Shares (totaling in the aggregate 720,000 shares of Parent Stock otherwise included as Merger Consideration).
Holdback Shares means 12.5% of the Base Stock Consideration as and when issued to Company Members pursuant to this Agreement.
Holdback Shares means 66,011 Buyer Ordinary Shares, representing the Holdback Amount divided by the Buyer Share Price.
Holdback Shares is defined in Section 7.4(a).
Holdback Shares means the number of Parent Shares (rounded up to the next whole number) equal to the product of (A) 0.10 and (B) the Aggregate Merger Consideration. The Holdback Shares shall be a combination of Parent Common Stock and Parent Series B1 Preferred Stock, in the same proportion as the number of shares of Parent Common Stock and Parent Series B1 Preferred Stock issued pursuant to this Agreement.
Holdback Shares shall have the meaning ascribed to such term in Section 3.1(b).
Holdback Shares is defined in Section 2.8(d).