Holdback Amount definition

Holdback Amount has the meaning set forth in Section 2.1(c).

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Holdback Amount means the amounts withheld by the Debtors as of the Confirmation Date as a holdback on payment of Professional Claims pursuant to the Professional Fee Order.

Holdback Amount means the aggregate holdback of those Professional fees billed to the Debtors during the Chapter 11 Cases that are held back pursuant to the Professional Fee Order or any other order of the Bankruptcy Court, which amount is to be deposited in the Holdback Escrow Account as of the Effective Date. The Holdback Amount shall not be considered property of the Debtors or the Reorganized Debtors. When all Professional Fee Claims have been paid, amounts remaining in the Holdback Escrow Account, if any, shall be paid to the Reorganized Debtors.

Examples of Holdback Amount in a sentence

• Each Company Securityholder acknowledges that the Securityholders’ Representative will not be liable for any loss of principal of the Securityholders’ Representative Holdback Amount, except to the extent finally determined by a court of competent jurisdiction (not subject to further appeal) to have resulted directly from the Securityholders’ Representative’s fraud or willful misconduct.

• Notwithstanding anything to the contrary contained herein, the Securityholders’ Representative shall be entitled to set off any reimbursement obligation owed under this Section 10.1(d) by any Company Securityholder against any amounts such Company Securityholder is entitled to receive from the Securityholders’ Representative Holdback Amount.

• Prior to the determination of the Actual Closing Amount and the payment of any amounts, if any, due under Section 3.3(f)(i), the Securityholders’ Representative shall retain an amount equal to the Purchase Price Adjustment Holdback Amount, and shall not distribute, in whole or in part, directly or indirectly, such funds retained in respect thereof to the Company Securityholders.

• The joint, written authorization of representatives of both Acquiror and Contributor pursuant to the Escrow Agreement shall be required for the disbursement of any portion of the Holdback Amount.

• At such time as the Securityholders’ Representative deems appropriate in its sole discretion, the Securityholders’ Representative shall pay to each Company Securityholders’ (or to the Surviving Company for payment through its payroll system or to such other Person at the Securityholders’ Representative’s direction) his, her or its Pro Rata Percentage of all or any portion of the Securityholders’ Representative Holdback Amount in accordance with this Agreement.

More Definitions of Holdback Amount

Holdback Amount has the meaning set forth in Section 1.3 hereof.

Holdback Amount shall have the meaning set forth in Section 2.5(c).

Holdback Amount. With respect to any Holdback Mortgage Loan, any portion of the indebtedness evidenced by the related Mortgage Note that is not disbursed to the related Mortgagor, and is held in a custodial account established by the Servicer for the benefit of the Trustee, as identified on Schedule I-E attached hereto.

Holdback Amount has the meaning set forth in Section 11.5.

Holdback Amount means $500,000.

Holdback Amount means $2,000,000.

Holdback Amount has the meaning given it in Section 13.3.