AP Holdback definition
AP Holdback shall have the meaning assigned to such term in Section 1.4.2.
AP Holdback has the meaning given in Section 6.7 [Availability Payments Holdback at End of Term] of Schedule 10.
Examples of AP Holdback in a sentence
The sum of $500,000.00 (the "Retained Portion of the Purchase Price") plus an amount (the "AP Holdback") equal to the total amount owed by the Sellers on account of their accounts payable as of Closing as reflected on Schedule 1.
Merger Shares equal to the amount of $500,000.00 will be held in escrow by the Company until such time as the A/P Amount (the “A/P Holdback Shares”) is finally resolved by payment of any agreed upon liability or other settlement, as evidenced in writing, the A/P Holdback Shares will be promptly released to Holder.