Representative Holdback Amount definition

Representative Holdback Amount means $1,000,000 , in cash.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Representative Holdback Amount means an amount determined by the Representative and delivered to Buyer no later than two (2) Business Days prior to the Closing.

Representative Holdback Amount means an amount equal to Five Million Dollars ($5,000,000).

Examples of Representative Holdback Amount in a sentence

The Representative Holdback Amount shall be held in an FDIC-insured account or accounts at a nationally recognized financial institution.
The Representative will not be liable for any loss of principal of the Representative Holdback Amount other than as a result of its gross negligence or willful misconduct.
The Closing Date Merger Consideration less (a) the Escrow Amount less (b) the Representative Holdback Amount shall equal the “Closing Date Cash Merger Consideration”.
The Representative is not acting as a withholding agent or in any similar capacity in connection with the Representative Holdback Amount and has no tax reporting or income distribution obligations.
The Company Securityholders will not receive any interest or earnings on the Representative Holdback Amount and irrevocably transfer and assign to the Representative any ownership right that they may otherwise have had in any such interest or earnings.

More Definitions of Representative Holdback Amount

Representative Holdback Amount means $500,000.

Representative Holdback Amount means an amount equal to $50,000.

Representative Holdback Amount means an amount equal to five hundred thousand dollars ($500,000).

Representative Holdback Amount means an amount equal to one million dollars ($1,000,000).

Representative Holdback Amount means $300,000 of the Purchase Price to be held by the Representative pursuant to the provisions of Article X hereof.

Representative Holdback Amount means Three Million Dollars ($3,000,000).

Representative Holdback Amount means an amount designated in writing by the Representative, which designation shall be delivered to Parent at least three (3) Business Days prior to the Closing Date.