holdback


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holdback

Retainage; amounts withheld from payment until certain goals have been reached.

Example: A lender holds back funding the balance of a loan until stabilized occupancy has been reached, or a homeowner holds back the final 10 percent of a construction contract price until after completion of all inspections.

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While most escrow arrangements or holdback agreements will provide some restriction or limit on a seller's right to escrowed funds, it cannot be assumed that every restriction will be sufficiently substantial to avoid application of the constructive receipt doctrine.
While most escrow arrangements or holdback agreements will afford sellers the opportunity to use the installment method, this is not always the case.
Amounts drawn under the holdback is donated to the owner after making the substitution of collateral.
Pursuant to Article 103 of the CMP, the holdback is paid off, or people that have granted their guarantee on first demand are released later than one month after the expiration of the warranty period.
On the work of major repairs carried out by order, a holdback of 5% of the original contract price (plus any amount of endorsements) will be formed.
Only 40% of the original holdback was made permanent for schools.
1971, the holdback is 5% of the amount (TTC) in payments referred to in section 7.
the guarantee of the holdback will be accepted only by the day of the presentation of the first situation.
Deposits and Guarantees required: Pursuant to Article 101 of the Public Procurement Code, a holdback will be charged by fractions of the amount of each payment by the accounting officer of payments.
A 5% holdback will be charged on the amount of each payment by the accounting officer of payments.
UN), for an aggregate purchase price of Cdn $133 Million, subject to the usual closing adjustments as well as holdbacks with respect to the completion of remerchandising plans for several of the Centres.