Holdback Shares definition

Holdback Shares has the meaning set forth in Section 2.5(b)(v).

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Holdback Shares has the meaning set forth in Section 3.3(b).

Holdback Shares means 66,011 Buyer Ordinary Shares, representing the Holdback Amount divided by the Buyer Share Price.

Examples of Holdback Shares in a sentence

• The remaining Holdback Shares, if any, shall be issued to the 123 Investments Shareholders promptly thereafter.

• The Holdback Shares shall be issued to the 123 Investments Shareholders, subject to the terms of this Section 3.3, as of the One Year Anniversary, that the 123 Investments Shareholders have not defaulted in, or breached, any of their obligations, covenants or representations hereunder and/or under the Shareholders Agreement (the “Holdback Requirement”).

• If the Company reasonably determines that the Holdback Requirement has been met, then the Company shall so notify the 123 Investments Shareholders in writing within ten (10) Business Days of the One Year Anniversary and shall, within ten (10) Business Days after notifying the 123 Investments Shareholders of such determination, issue the Holdback Shares, to the 123 Investments Shareholders in accordance with Section 3.1.2(iii).

• The Penalty shall only be paid by the retention by the Company of Holdback Shares and/or cancellation of the obligation to issue such Holdback Shares, as a Holdback Forfeiture, and the 123 Investments Shareholders shall be under no obligation whatsoever to pay any such Penalty in cash or other consideration.

• In case the 123 Investments Shareholders are unable to remedy the breach within the 30 days, the Company shall have a right to retain the number of Company shares equivalent to the value of the claim against the relevant breach (based on the Agreed Value) and such number of Holdback Shares shall be deemed forfeited and the Company shall be under no obligation to issue such number of Holdback Shares (a “Holdback Forfeiture”).

More Definitions of Holdback Shares

Holdback Shares means, collectively, the Indemnification Holdback Shares and the Tax Indemnification Holdback Shares (totaling in the aggregate 720,000 shares of Parent Stock otherwise included as Merger Consideration).

Holdback Shares. Section 4.1(a)

Holdback Shares shall have the meaning set forth in Section 2.4(b).

Holdback Shares is defined in Section 7.4(a).

Holdback Shares means 12.5% of the Base Stock Consideration as and when issued to Company Members pursuant to this Agreement

Holdback Shares means a number of shares of Parent Common Stock equal to the quotient of (i) the Holdback Amount divided by (ii) the Issuance Price.

Holdback Shares means, with respect to any given Holder of Allowed GenOn Notes Claims, the shares of New Common Stock that as of the Effective Date are not permitted to be distributed to such Holder because one or more Required Regulatory Approvals are required but have not been obtained. Any such Holder is referred to as a “Holdback Entity”. For the avoidance of doubt, if the Required Regulatory Approvals that are required but have not been obtained for any Holdback Entity relate only to shares of New Common Stock in excess of a specific amount, the Holdback Shares for such Holdback Entity shall be only such excess (i.e., if a portion of the shares can be distributed and a portion cannot, then only the latter portion are Holdback Shares).