Substitute Collateral. A Holder may have the OP Units and/or REIT Shares that are subject to the Indemnification Holdback Escrow and/or the Transfer Tax Indemnity released by Agent by posting either (i) cash collateral or (ii) a letter of credit in form and substance acceptable to the applicable PGI Party (“Substitute Collateral”).
Appears in 16 contracts
Samples: Agreement and Plan of Merger (Paramount Group, Inc.), Contribution Agreement (Paramount Group, Inc.), Stock Purchase Agreement (Paramount Group, Inc.)