Examples of Holdback Escrow Amount in a sentence
On the Effective Date, the Reorganized Debtors shall fund the Holdback Escrow Account with Cash equal to the aggregate Holdback Escrow Amount for all Professionals.
Subject to the Holdback Escrow Amount, on the Effective Date, the Reorganized Debtors shall pay all amounts owing to Professionals for all outstanding amounts billed relating to prior periods through the Effective Date as to which no objection has been filed.
Be that as it may, persisting corporate sector stress, risk aversion in the banking system, and the weaker global growth and trade outlook does pose a continued challenge to consistent growthFor the Private Equity sector, the India Mauritius Double TaxationAvoidanceTreatywasamendedtomakesharesofIndian companies acquired after April 2017 by Mauritius resident entities taxable in India.
Purchasers shall in no event be entitled to make any direct claims against any Sellers which will not be covered by the Holdback Escrow Amount.
On the Closing Date, Purchasers shall pay the Holdback Escrow Amount to the escrow agent under the Escrow Agreement (as defined in Section 4.10) ("ESCROW AGENT") in accordance with Section 5.4.2.