Escrow Holdback definition

Escrow Holdback means an amount equal to 5% of the Purchase Price (i.e., $248,750).

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Escrow Holdback has the meaning set forth in Section 2.04(iii)(A).

Escrow Holdback means the Escrow Cash Holdback together with the Escrow Stock Holdback.

Examples of Escrow Holdback in a sentence

The Escrow Holdback shall be composed by i) the General Escrow Fund and ii) the Environmental Case Escrow Fund, and such funds shall remain in escrow, accrue interest, and be released as per the terms established herein and in the Escrow Agreement entered into on this date by the Parties and the Escrow Agent, attached hereto as Exhibit 3 (the “Escrow Agreement”).
From the Escrow Holdback, the total sum of five million Dollars (US$5,000,000.00), will be held in escrow for a term of two (2) years since the Closing Date, in order to guarantee any indemnity obligations from the Sellers -other than those derived from the Environmental Case which shall be covered by the Environmental Case Escrow Fund- that may arise as a result of the indemnity procedure established in Section 8 of this Agreement (herein, the “General Escrow Fund”).

More Definitions of Escrow Holdback

Escrow Holdback shall equal the sum of Seventy-Five Thousand Dollars ($75,000).

Escrow Holdback means an amount of Two Million Five Hundred Thousand Dollars ($2,500,000) which shall be deducted from the Closing Payment and remain with the Escrow Agent for a period of fifteen (15) months following the Closing.

Escrow Holdback means the $425,000 portion of the Purchase Price to be held in Escrow in accordance with the terms of this Agreement.

Escrow Holdback means the Pro Rata Share of the Escrow Fund.

Escrow Holdback means the $425,000 portion of the Purchase Price to be held in Escrow in accordance with the terms of this Agreement. “Excluded Assets” shall mean:

Escrow Holdback means an amount equal to $3,000,000.00.

Escrow Holdback means $4,500,000.