Holdback Funds. To facilitate the payment of funds related to the indemnification provisions described in Appendix C, the Buyer shall withhold a portion of the Purchase Price in the amount of $55,000, referred to in this Agreement as the “Holdback Amount,” subject to the terms of this Agreement. The Holdback Amount will be held by the Buyer in accordance with the terms of Appendix C.
Holdback Funds. URBN may in its reasonable discretion withhold payments to be made to Seller (“Holdback Funds”). If URBN requires Seller to maintain Holdback Funds, it may withhold a reasonable sum from payments to be made to Seller based on Seller’s creditworthiness, previous compliance with this agreement and the Policies, or any other reasonable factors. The establishment of Holdback Funds does not create any trust relationship; URBN may commingle any Holdback Funds with its other funds, and Seller will remain a general creditor of URBN with respect to any Holdback Funds or other amounts URBN owes to Seller.
Holdback Funds. FALAKSTORE may in its reasonable discretion withhold payments to be made to Seller (“Holdback Funds”). If FALAKSTORE requires Seller to maintain Holdback Funds, it may withhold a reasonable sum from payments to be made to Seller based on Seller’s creditworthiness, previous compliance with this agreement and the Policies, or any other reasonable factors. The establishment of Holdback Funds does not create any trust relationship; FALAKSTORE may commingle any Holdback Funds with its other funds, and Seller will remain a general creditor of FALAKSTORE with respect to any Holdback Funds or other amounts FALAKSTORE owes to Seller. Article 6 Intellectual Property
Holdback Funds. The Holdback Funds shall remain in the Holdback Account for a period of up to twelve (12) months after the Closing Date in accordance with the following terms and conditions:
Holdback Funds. (a) The Indemnification Holdback Amount may be used by the Buyer for the payment of claims against the Seller by Buyer under this Agreement (“Holdback Claims”).
Holdback Funds. No later than the Closing, Purchaser shall deposit with Escrow Agent, by wire transfer of immediately available federal funds, an amount equal to [_______________ Dollars ($__________)] (the “Holdback Funds”). The Escrow Agent shall hold the Holdback Funds in escrow in accordance with the terms and conditions of this Agreement.
Holdback Funds. Notwithstanding the provisions of Section 2.03(b)(i), Five Hundred Ten Thousand Dollars ($510,000) of the E-Z-SUB Merger Consideration and Four Hundred Ninety Thousand Dollars ($490,000) of the CalMed Merger Consideration (collectively, the "Holdback Funds") shall not be paid to the Shareholders at Closing, but instead shall be withheld by USSC in accordance with Article X of this Agreement.
Holdback Funds. For all Claims for which the Sellers are liable, or in relation to the Later Assumed Liabilities or Excess Rent Amount, Purchasers shall have the right to have the Escrow Agent release sufficient funds from the Holdback Funds to cover the liability or Excess Rent Amount, as the case may be, upon notice and on the other terms provided in the Escrow Agreement. If there are insufficient funds in the Holdback Funds, the Sellers will make the Purchasers whole for the balance within thirty (30) days of Purchasers’ demand for payment. For the sake of clarification, any Claim (for which the Sellers are liable) related to an asset purchased by Entertainment Limited shall be paid out of the Holdback Funds, regardless as to whether Holdings paid the full amount of the Holdback Funds into escrow or whether or not Entertainment Limited made any contribution to the Holdback Funds. Notwithstanding the general dispute resolution provisions contained herein, any dispute that arises between the Purchasers and the Sellers with respect to the Holdback Funds, or any claim that is made upon the Escrow Agent or the Holdback Funds by the Purchasers and/or the Sellers, shall be addressed pursuant to Section 2.5 of the Escrow Agreement.
Holdback Funds. Holdback Funds" shall have the meaning give to such term in Section 1.2(b) of the Agreement.
Holdback Funds. Seller and Buyer hereby direct Escrow Agent to deposit into a separate and distinct account at a federally chartered bank (“Escrow Account”) from Seller’s Proceeds received at Closing, an amount equal to $_________________, or $7,000 per Lot purchased at Takedown ___ (the “Holdback Funds”).
