Special Indemnification Holdback Amount definition
Special Indemnification Holdback Amount means $3,400,000, less disbursements related thereto in accordance with this Agreement; provided that any amount not disbursed in accordance with this Agreement on or before the lapse of 18 months from the Closing Date and not subject to a pending claim, shall be delivered by Purchaser to the Paying Agent for distribution to the Securityholders in accordance with their respective Pro Rata Shares.
Examples of Special Indemnification Holdback Amount in a sentence
The Securityholder Representative shall have the discretion to take such action as the Securityholder Representative shall determine to be in the best interest of all of the Securityholders, including authorizing the distribution to any Securityholder of any portion of the Retention Indemnity Holdback Amount and the Special Indemnification Holdback Amount, subject to the limitations of Section 10.5(b).