Responsibility for Distributions Sample Clauses

Responsibility for Distributions. Distribution of the assets of the Custodial Account shall be made at such time and to such person or entity as the Student shall elect by written order to the Custodian. The Student will be responsible for (and the Custodian will have no responsibility for) including and reporting any distribution from the Custodial Account in the gross income of the Student in a manner consistent with the requirements of Code section 72 and Code Section 530 (which sections provide that distributions shall be considered to consist partly of principal contributions and partly of earnings and appreciation (or depreciation) in value) and any other applicable Code requirements. In general, the portion of a withdrawal considered to be principal is not subject to income tax, and the portion considered to be earnings and appreciation is generally subject to income tax and a potential penalty tax unless such withdrawal is used to pay the qualified education expenses of the Student (as defined in Code Section 530) and such qualified education expenses for the tax year are not less than the aggregate withdrawals from the Custodial Account during the tax year. In addition, such Code sections provide that, if the aggregate withdrawals exceed the qualified education expenses for the Student for that year, the amount that must be included as income for tax purposes is determined by first determining the ratio that the qualified education expenses bear to the actual withdrawal. The portion of the withdrawal that is potentially subject to taxation – the amount of earnings or appreciation – is then multiplied by that percentage amount. The resultant sum is the amount excludable from income. Notwithstanding the foregoing general information about the tax treatment of distributions from the Custodial Account, the Student will be responsible for properly reporting and, to the extent applicable, paying income taxes or applicable penalties on, any distribution from the Custodial Account.
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Responsibility for Distributions. The Settlement Administrator will be responsible for making all distributions required under this Agreement. The Settlement Administrator will have authority to make the computations necessary to determine the Individual Relief for each Eligible Claimant, as well as the authority to make all decisions reasonably necessary for the orderly implementation and administration of this Agreement and the distribution of all payments and other relief prescribed in this Agreement. The Settlement Administrator shall have no liability for any computation or Settlement Administration decision made in good faith and not inconsistent with the express terms of this Agreement.
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Responsibility for Distributions. Newsvine and/or the claims administrator will be responsible for making all distributions required under this Agreement. Newsvine and the claims administrator will have authority to make the computations necessary to determine the Claim Payment for each Eligible Claimant, as well as the authority to make all decisions reasonably necessary for the orderly implementation and administration of the Settlement Agreement and the distribution of all payments prescribed in this Agreement. Subject to the dispute resolution provisions of Paragraph 4.09 below, neither Newsvine nor the claims administrator shall have any liability for any computation or settlement administration decision made in good faith and not inconsistent with the express terms of this Agreement.
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Responsibility for Distributions. The Settlement Administrator will be responsible for making all distributions required under this Agreement from funds it receives from Defendant, which it will hold in trust and distribute only as specified in this Agreement. The Settlement Administrator will have authority to make the computations necessary to determine the Claim Payment for each Eligible Claimant, as well as the authority to make all decisions reasonably necessary for the orderly implementation and administration of this Agreement and the distribution of all payments prescribed in this Agreement. The Settlement Administrator shall have no liability for any computation or Settlement Administration decision made in good faith and not inconsistent with the express terms of this Agreement.
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Responsibility for Distributions. Swedish will be responsible for making all distributions required under this Agreement. Swedish will have authority to make the computations necessary to determine the Claim Payment for each Eligible Claimant, as well as the authority to make all decisions reasonably necessary for the orderly implementation and administration of the Settlement Agreement and the distribution of all payments prescribed in this Agreement. Swedish shall have no liability for any computation or settlement administration decision made in good faith and not inconsistent with the express terms of this Agreement.
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Responsibility for Distributions. Clearwire will be responsible for making all distributions required under this Agreement. Clearwire will have authority to make the computations necessary to determine the Distribution Amount for each Eligible Claimant, as well as the authority to make all decisions reasonably necessary for the orderly implementation and administration of the Settlement Agreement and the distribution of all payments prescribed in this Agreement. Clearwire shall have no liability for any computation or settlement administration decision made in good faith and not inconsistent with the express terms of this Agreement.
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Responsibility for Distributions. The Custodian shall, from time to time, in accordance with instructions in writing from the Employee, made distributions out of the Account to the Employee in the manner and amounts as may be specified in such instructions. Notwithstanding any provision of this Article to the contrary, the Custodian assumes and shall have no responsibility to make any distribution to the Employee (or to the Employee's Beneficiary if the Employee is deceased) unless and until such written instructions specify the occasion for such distribution, the elected manner of distribution, and any other information that may be required. Prior to making any such distribution from the Account, the Custodian shall be furnished with any and all applications, certificates, tax waivers, signature guarantees, and other guarantees, and other documents (including proof of any legal representative's authority) deemed necessary or advisable by the Custodian, but the Custodian shall not be liable for complying with written instructions which appear on their face to be genuine, or for refusing to comply if not satisfied such instructions are genuine, and assumes no duty of further inquiry. Neither the Custodian, the Investment Provider, nor any of their respective affiliates shall have any duty: (a) to ascertain whether a Rollover or a Transfer is properly made in accordance with applicable provisions of the Code or any Plan or other retirement arrangement; (b) to ascertain whether any distribution is sufficient for purposes of the rules described in this Article V; (c) to make distributions in the form of an annuity contract under this Article V; (d) to confirm the existence of a Disability; (e) to pay any tax penalty or other damages resulting from any inadvertent failure by the Custodian to make a distribution under this Agreement; or (f) to determine the amount, character, or timing of any distribution to the Employee or any Beneficiary or any other person (in particular, whether and to what extent distribution is required under Section 401(a)(9) of the Code or whether distribution must be made in the form of a qualified joint and survivor annuity or a qualified preretirement survivor annuity under the spousal survivor annuity requirements of ERISA). Upon receipt of proper written instructions as required above, the Custodian shall cause the assets of the Account to be distributed in cash, as specified in such written order. If the Employee (or, following the Employee's death, the Employee's ...
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Responsibility for Distributions. Except to the extent otherwise -------------------------------- expressly provided herein, Buyer shall not have any responsibility to distribute all or any portion of the Escrow Fund to the Shareholders but shall provide written instructions to the Escrow Agent to do so.
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Responsibility for Distributions. The Parties have agreed on the computations to determine the Settlement Payment for each Class Member, subject to confirmation by CPT and approval of Class Counsel. No later than thirty (30) days before the Distribution Date, CDR and Class Counsel shall provide CPT with the names and last known addresses of Class Members, and a calculation of the Settlement Payment payable to each Class Member, in an Excel spreadsheet or Access database. CPT shall within a reasonable time confirm the calculations of Settlement Payments owed to each Class Member, and take necessary steps to confirm or update Class Member addresses as described in Section 4.03, and will provide, no later than ten (10) days before the Distribution Date, a spreadsheet of final Settlement Payment amounts and addresses to CDR and Class Counsel. Should Class Counsel timely object to the Settlement Payment amount or computations, CDR and Class Counsel promptly shall seek to resolve any dispute as to these computations. If they cannot reach agreement within five (5) days of CDR’s receipt of a timely objection from Class Counsel, the Parties shall submit their disagreement to the Court for disposition. CPT will be responsible for making all distributions required under this Agreement. CPT will have authority to make all decisions reasonably necessary for the orderly implementation and administration of the Settlement Agreement and the distribution of all payments prescribed in this Agreement. CPT shall have no liability for any settlement administration decision made in good faith and not inconsistent with the express terms of this Agreement.
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Related to Responsibility for Distributions

  • Allocation of Responsibilities The persons responsible for the Plan and the duties and responsibilities allocated to each are as follows:

  • Joint Responsibilities 2.1.1 University and Affiliate each will identify, and notify each other of, a person responsible for serving as its liaison during the course of this affiliation. The appointment of liaisons shall be subject to mutual approval of the parties.

  • Responsibility for Recitals, Etc The recitals herein and in the Notes (except in the Trustee's certificate of authentication) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representations as to the validity or sufficiency of this Eighth Supplemental Indenture or of the Notes. The Trustee shall not be accountable for the use or application by the Company of the Notes or of the proceeds thereof.

  • Joint Responsibility If the Seller determines that the Interface Problem is attributable partially to the design of a Warranted Part and partially to the design of any Supplier Part, the Seller will, if so requested by the Buyer, seek a solution to the Interface Problem through cooperative efforts of the Seller and any Supplier involved. The Seller will promptly advise the Buyer of such corrective action as may be proposed by the Seller and any such Supplier. Such proposal will be consistent with any then existing obligations of the Seller hereunder and of any such Supplier towards the Buyer. Such corrective action, unless reasonably rejected by the Buyer, will constitute full satisfaction of any claim the Buyer may have against either the Seller or any such Supplier with respect to such Interface Problem.

  • ALPS’ Responsibilities In connection with its performance of TA Web, ALPS shall:

  • Responsibility for documentation Neither the Agent nor the Arranger:

  • Fund Responsibilities 3.1. The management and control of the Fund are vested exclusively in the Fund’s governing body (e.g., the board of directors or trustees for a Fund that is a mutual fund or the Trustee for a Fund that is a collective trust, as applicable) and such officers and agents as may be appointed by the board from time to time, subject to the terms and provisions of the Fund’s Governing Documents. The Fund’s governing body and the duly appointed officers and agents appointed by the governing body on behalf of the Fund will make all decisions, perform all management functions relating to the operation of the Fund and shall authorize all Transactions. Without limiting the foregoing, the Fund shall:

  • Distribution Activities All distribution activities engaged in by Distributor and its Representatives with respect to the Contracts shall be in compliance with all applicable federal and state securities laws and regulations, with NASD Rules, as well as with all applicable insurance laws and regulations, including any laws and regulations related to suitability, any other applicable federal or state law, rule, or regulation, and any of the policies and procedures that NW may issue from time to time. In particular, without limiting the generality of the foregoing:

  • Responsibility for Filing Tax Returns (i) The Parties acknowledge that the income and operations of Company and its Subsidiaries shall be included in the consolidated, unitary or combined Tax Returns of the Xxxxxxx US Affiliated Group (each a “Combined Tax Return” and collectively the “Combined Tax Returns”) for Tax periods of Company and its Subsidiaries ending on or prior to the Closing Date, and Seller or their Affiliates shall pay any and all Taxes due with respect to such Combined Tax Returns. Acquiror shall have no rights to prepare, review or comment on any such Combined Tax Returns in which Company and its Subsidiaries are included. Seller shall prepare or cause to be prepared and shall timely file or cause to be filed all (A) Tax Returns of Company and its Subsidiaries (other than Combined Tax Returns) which are required to be filed (taking into account any extensions of time to file) on or prior to the Closing Date and (B) income and franchise (in lieu of income) Tax Returns of Company and its Subsidiaries (other than Combined Tax Returns) for Tax periods ending on or before the Closing Date which are required to be filed (taking into account any extensions of time to file) after the Closing Date, and shall pay or cause to be paid any and all Taxes due (taking into account any extensions of time to pay) with respect to such Tax Returns described in this sentence; provided, however, that Acquiror shall promptly reimburse Seller for the payment of any such Taxes to the extent such Taxes were included in any reserve or liability for Taxes reflected in the calculation of Net Working Capital. All Tax Returns described in the preceding sentence (such Tax Returns, excluding, for the avoidance of doubt, Combined Tax Returns, “Pre-Closing Tax Returns”) shall be prepared in a manner consistent with prior practice of Company and its Subsidiaries unless a past practice has been finally determined to be incorrect by the applicable Governmental Authority or a contrary treatment is required by applicable Law. Seller shall deliver all such Pre-Closing Tax Returns (other than, for the avoidance of doubt, Combined Tax Returns) to Acquiror at least twenty (20) days before the due date thereof. Seller shall permit Acquiror to review and comment on each such Tax Return prior to filing, which comments Seller shall consider in good faith. If applicable, Acquiror and Company or any of its Subsidiaries shall be responsible for signing and timely filing any Tax Returns described in this Section 7.4(c)(i).

  • Development Responsibilities Unless the Parties agree in writing upon an alternate allocation of responsibility, the Parties shall have the following rights and obligations with respect to operational responsibilities under each Development Plan:

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