Holdback Release

Example Definitions of "Holdback Release"
Holdback Release. Means, with respect to the Letters of Credit, a determination by each Beneficiary to require no "holdback" on credit card payments to be made to the Company, such that the "Required Amount" or "Aggregate Protection" (in respect of the U.S. Bank Agreement) or the "Risk Coverage" (in respect of the Amex Agreement), as applicable, has been reduced to zero (as such terms are defined in the Letter of Credit Reimbursement Agreement).
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