Common use of Indemnification Holdback Amount Clause in Contracts

Indemnification Holdback Amount. Within five Business Days following the date that is 12 months after the Closing Date, ▇▇▇▇▇▇▇ shall issue to the Seller shares of Common Stock having an aggregate Market Value of $100,000, less (a) the sum of (i) any amount previously forfeited in satisfaction of any resolved or settled claim for indemnification pursuant to Section 9.01(a) by any Buyer Indemnified Person, and (ii) an amount sufficient to satisfy any then pending claim for indemnification pursuant to Section 9.01(a) by any Buyer Indemnified Person. Promptly following the final resolution of, and full payment or credit in connection with, all such pending claims, ▇▇▇▇▇▇▇ shall issue to the Seller shares of Common Stock having an aggregate Market Value of any remaining portion of the Indemnification Holdback Amount. The Indemnification Holdback Amount shall not accrue interest. Any shares of Common Stock issued pursuant to this Section 2.06 together with the Closing Stock Consideration shall be collectively referred to herein as the “Transaction Stock Consideration.”