Holdback Receivable definition

Holdback Receivable means any Receivable in respect of which the Seller has held back Holdback Funds from the purchase price payable by the Seller to the related Claimant.
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Holdback Receivable means [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT].
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Holdback Receivable has the meaning set forth in Section 2.10(a).
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Examples of Holdback Receivable in a sentence

  • In addition, to the extent used pursuant to Section 2.05 to make payments pursuant to Sections 2.02(c)(i) or 2.03, the Holdback Receivable shall be retained by Seller and its Affiliates in the PNC Collection Account or transferred by Seller to its operating account or any other account at Seller’s sole and absolute discretion.

  • If any amount is paid to the Purchaser under clause (i) of this Section 2.10(d), in respect of a Holdback Receivable Final Loss, all right, title and interest in and to the related Holdback Receivable(s), including any right to pursue remedies against other parties in respect of the Holdback Receivable Final Loss shall be automatically conveyed and delivered back by the Purchaser to the Sellers without any representation or warranty of any kind.

  • In addition, to the extent used pursuant to Section 2.05 to make payments pursuant to Sections 2.02(c)(i) or 2.03, the Holdback Receivable shall be retained by Seller and its Affiliates in the PNC Collection Account or transferred by Seller to its operating account or any other account at Seller's sole and absolute discretion.

  • The Purchaser hereby expressly waives any and all other rights or causes of action it or its Affiliates may have against the Sellers or their Affiliates now or in the future under any Law with respect to any Holdback Receivable Final Loss or any fact, circumstance or event to the extent forming the basis thereof.

  • If the Purchaser is paid for a Holdback Receivable because it is a Non-Qualified Servicer Advance Receivable pursuant to Section 2.09, such Servicer Advance Receivable shall no longer be considered as a Holdback Receivable.