Retained Price definition

Retained Price means an amount equal to fifteen percent of the Total Purchase Price, payable as set forth in clause 7;
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Examples of Retained Price in a sentence

  • The total liability of the Buyer hereunder shall not exceed an amount equal to the Retained Price at the time such liability arises.

  • Notwithstanding any other provision of this clause 7, in the event ▇▇▇ ▇▇▇▇▇▇▇▇ Claim results in a Settlement Amount or a Judgment Amount against Nova TV, the Buyer and Sellers agree that the Retained Price shall be reduced by fifty percent (50%) of such Settlement Amount or Judgment Amount and further agree to cause notice of such fact to be delivered to the Agent for purposes of notifying the Escrow Agent.

  • Edison shall be liable for all such Taxes, interest, penalties, additions to Taxes and Tax surcharges.

  • If the Agent concludes that such Claim or Personal Claim has not been duly instituted, he shall notify the Buyer, the Sellers' Representative and the Escrow Agent, and the Escrow Agent shall lift the suspension of the payment of the amount in dispute from the Retained Price.

  • The Agent shall promptly notify the Escrow Agent , the Buyer, Nova TV, OK and the Sellers' Representative that the Retained Price then payable shall be reduced by the Settlement Amount or the Judgment Amount and that an amount equal to such Judgment Amount or Settlement Amount, as applicable, be promptly released from the Escrow Account to the Buyer.

  • The Client shall pay to the Contractor the Retained Price within ten (10) days from the day when the reason, for which it was retained, no longer exists.

  • The Agent shall notify the Escrow Agent and the other Parties as provided in clause 7.9. The Retained Price available at such time shall be reduced by the amount of the Judgement Amount or Settlement Amount.

  • Following the receipt of consent (including Implied Consent), the Sellers’ Representative shall promptly notify the Agent, the Buyer, Nova TV and OK, and the Retained Price shall be reduced by the Settlement Amount.

  • The Retained Price shall be reduced by the amount of such settlement or acknowledgement, including any court, tribunal or other costs assessed against Nova TV or OK in respect of such acknowledgement settlement (the "Settlement Amount").

  • In the event the amount remaining in the Escrow Account following such distribution to the Sellers is less than the Retained Price, the Buyer shall within three Business Days pay the difference into the Escrow Account.