Holdback Date

Holdback Date. Except as set forth on Schedule 7.16(d), on the first Business Day following the ninetieth (90th) day after the Closing (the "Holdback Date"), Purchaser and Seller shall jointly execute and deliver to the Escrow Agent written instructions instructing the Escrow Agent to release and deliver the Troubadour Well Holdback Amount (as defined on Schedule 7.16(d)) in accordance with the terms and on the conditions set forth on Schedule 7.16(d).