HOLD BACK PAYMENT definition

HOLD BACK PAYMENT means the quotient obtained by dividing (x) the portion of the Hold Back Amount that remains available for distribution after satisfaction of all obligations (including any pending Claims) pursuant to Article VII hereof by (y) the Total Common Shares.
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HOLD BACK PAYMENT means the sum of $2,000,000 reduced by any amounts paid or expenses incurred by LEADER from the date of this AGREEMENT in connection with (A) the REIMBURSEMENT AGREEMENT, (B) the GUARANTY AGREEMENT, (C) the CASH COLLATERAL AGREEMENT, (D) the satisfactory resolution of the interests of the CITY, or (E) the matters specified in Section 6.13 of this AGREEMENT, plus interest thereon at the rate of 5.574% per annum from the EFFECTIVE TIME.
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Examples of HOLD BACK PAYMENT in a sentence

  • The PARENT COMPANY shall retain any HOLD BACK PAYMENT remaining with respect to DISSENTING SHARES and COMMON SHARES as to which the holder has not complied with Section 2.04 of this AGREEMENT.

Related to HOLD BACK PAYMENT

  • Stock Payment means (a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Distribution Equivalent Right means an Award granted under Article XIII of the Plan which entitles the Holder to receive bookkeeping credits, cash payments and/or Share distributions equal in amount to the distributions that would have been made to the Holder had the Holder held a specified number of Shares during the period the Holder held the Distribution Equivalent Right.

  • Dividend Threshold Amount has the meaning set forth in Section 5.04(a)(v).

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.