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HLDBKHoldback (contracting)
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This holdback may be replaced at the option of the holder by a first demand guarantee or, if both parties so agree, by a joint and several guarantee in accordance with Article 102 of the Code of public contracts.
Transactions involving escrow arrangements or holdback agreements will require the tax practitioner to consider Regs.
This holdback may be replaced at the option of the holder by a first demand guarantee, incorporated in full no later than the date on which the holder shall submit the request for payment corresponding to the first installment of the market.
The holdback may be replaced at the option of the holder, throughout the duration of the contract, by a first demand guarantee.
The dealer-partners' rights to future payments of dealer holdback are preserved and the Company will continue to recognize its servicing fee on amounts collected.
Comdisco received approximately $25 million for the settlement of the purchase price holdbacks relating to the sales, which closed in 2002.
This holdback is 5% (five percent) of the contract price (plus, if applicable, the amount of endorsements).
In the event that the guarantee would not be created or completed within that period, the fraction of the holdback corresponding to the down payment is taken.
A holdback for tenant improvements and leasing commissions was also incorporated and will be dispersed as leases are executed.
5% holdback (excluding education), and expected depletion of the remaining balances in other funds, including the permanent building fund and the stabilization fund.
Deposits and Guarantees required: A holdback of 5% of the original contract price (plus any amount of endorsements) will be formed.