Holdback Amount definition

Holdback Amount has the meaning set forth in Section 2.06(a).

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

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.

Examples of Holdback Amount in a sentence

• The Estimated Closing Statement shall also set forth (a) a flow of funds setting forth the applicable payees, all amounts payable pursuant to Section 1.3 and wire instructions, (b) the applicable employees to whom any portion of the Transaction Expenses is payable, the respective amounts payable to each such employee, and the account or accounts to which such amounts shall be paid and (c) the Holdback Amount.

• Any indemnification payment to which any Purchaser Indemnified Party is entitled under Section 9.2 shall first be made as a payment to such Purchaser Indemnified Party from the Holdback Amount and, if and when the Holdback Amount had been depleted, any such payment shall be made by Sellers, it being understood that the Holdback Amount shall in no way limit the aggregate amount of indemnification to which any Purchaser Indemnified Party is entitled, subject to the provisions of this ARTICLE IX.

• At least five (5) Business Days prior to the Closing Date, Sellers shall deliver to Purchaser a statement (the “Estimated Closing Statement”) setting forth Sellers’ good faith estimate of the Consideration (such estimated amount, the “Estimated Consideration”), including each of its components, which shall, for the avoidance of doubt, include a calculation of the Holdback Amount.

More Definitions of Holdback Amount

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.

Holdback Amount shall have the meaning set forth in Section 2.2(b).

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 shall have the meaning set forth in Section 3.3.

Holdback Amount shall have the meaning assigned thereto in Section 2.01.

Holdback Amount means $1,000,000.