Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).
Qualified Settlement Fund or “Settlement Fund” means the interest-bearing settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).
Qualified Settlement Fund or “QSF” means a non-interest-bearing account meeting the requirements of 26 C.F.R. § 1.468B-1 that will be held by the Administrator at US Bank, N.A. The money deposited in the QSF will be used to effectuate the terms of this Agreement and the orders of the Court in the Lawsuit. The QSF and its assets will be segregated (within a separately established fund or account) from the assets of Xxxxx Fargo and all related Persons.
Examples of Qualified Settlement Fund in a sentence
Subject to the terms and conditions of this Settlement Agreement, within ten (10) days of Effective Date, Defendants shall pay an amount equal to the amount the Court awards for Attorneys’ Fees and Costs and for Service Awards into the Qualified Settlement Fund.
The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.
More Definitions of Qualified Settlement Fund
Qualified Settlement Fund means a fund within the meaning of Treasury Regulations § 1.468B-1.
Qualified Settlement Fund means the type of fund, account, or trust, created pursuant to 26 C.F.R. §1.468B-1, that the Fund Institution will establish to receive payments under this Agreement.
Qualified Settlement Fund means a fund within the meaning of Treasury Regulation § 1.468B-1.
Qualified Settlement Fund or “QSF” means a qualified settlement fund as defined by Treasury Regulation Section 1.468B-1 et seq.
Qualified Settlement Fund or “QSF” shall mean a fund satisfying the requirements of Section 468B of the Internal Revenue Code of 1986, as amended, and the regulations thereunder and, for purposes of this Agreement, established as the vehicle to hold the Settlement Fund.
Qualified Settlement Fund is defined in Section 10.
Qualified Settlement Fund or “QSF” means the account established by the Settlement Administrator from the Gross Settlement Amount paid by Defendant. The QSF will be controlled by the Settlement Administrator subject to the terms of this Agreement and the Court’s order(s). Interest, if any, earned on any monies in the QSF will become part of the Net Settlement Fund.