Temporary Holdback definition

Temporary Holdback means funds from the Settlement Fund in the
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Examples of Temporary Holdback in a sentence

  • Additionally, the reasonable attorneys’ fees, costs, and other litigation expenses incurred by any Released Party to defend against any SCM Insurer Subrogation Claim (including the Universal Action) or Non-Participating WDC Claim shall be paid from the Temporary Holdback.

  • Any reasonable attorneys’ fees, costs, or expenses that the Settlement Administrator or the Receiver incur to perform their obligations under this Section may be paid from the Temporary Holdback.

  • Without limiting the Purchaser Indemnified Parties’ right to recovery pursuant to the foregoing, indemnification pursuant to clauses (i), (ii) or (iv) above (in each case, solely to the extent relating to or arising from the matters described on Schedule 12.08) may, at the Purchaser’s option, be recovered from the remaining amount of the Special Temporary Holdback Fund.

  • The terms of, and the parties’ respective obligations with respect to, the Special Temporary Holdback Fund are set forth on Schedule 12.08.