Holdback Fee definition

Holdback Fee shall have the meaning given to such term in the Fee Letter.
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Holdback Fee means a fee equal to two percent (2.0%) of the amount of each reduction of the Holdback Reserve made pursuant to Section 2.7 hereof.
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Examples of Holdback Fee in a sentence

  • Upon each reduction of the amount of the Holdback Reserve pursuant to Section 2.7 hereof, the Borrower shall pay to Lender, from the proceeds of the Advance made as a result of such reduction of the Holdback Reserve, the Holdback Fee applicable to such reduction.

  • Notwithstanding the foregoing, Buyer’s obligation to pay each installment of the Holdback Fee is hereby made contingent on Buyer’s receipt (or, if applicable, Buyer’s successor’s or assign’s receipt), as the landlord under the Hospital Lease, of all rent payable under the Hospital Lease with respect to the period to which such installment of the Holdback Fee relates.

  • The Holdback Fee shall be paid in immediately available funds pursuant to wiring instructions provided by Seller.

  • The Holdback Fee shall be due and payable to Seller on or before the fifteenth (15th) day following the last day of the calendar month to which such Holdback Fee relates.