Examples of Non-Qualified Funds in a sentence
Fiduciary Funds may be either Qualified Funds or Non-Qualified Funds.
The QI shall apply any Non-Qualified Funds, or shall cooperate with each Legal Entity for purposes of executing any authorization to cause any Non-Qualified Funds to be applied, as directed by the applicable Legal Entity pursuant to clause (i)(1) or (ii)(1) of Section 4.02(a) hereof.
Non-Qualified: Funds used for expenses other than Qualified Expenses are subject to the 10% IRS Non-Qualified Distribution Penalty on any earnings.
The QI shall apply any Non-Qualified Funds, or shall cooperate with each Legal Entity for purposes of executing any authorization to cause any Non-Qualified Funds to be applied, as directed by the applicable Legal Entity pursuant to Section 4.02(a).
To facilitate the collection of and to allow for the identification and separation of funds that are Relinquished Property Proceeds from funds that are Non-Qualified Funds, the Indenture Trustee shall establish and maintain, in the joint name of the Indenture Trustee and the Intermediary, one or more Joint Collection Accounts that shall each be an Eligible Deposit Account and administered and operated as provided in this Base Indenture and the Master Exchange Agreement.
Vanguard, as Servicer, shall provide the QI instructions from time to time setting forth the manner in which Non-Qualified Funds in the Joint Collection Account shall be invested.
PHF shall apply any Non-Qualified Funds, or shall cooperate with Exchangor for purposes of executing any authorization to cause any Non-Qualified Funds to be applied, as directed by the Exchangor pursuant to clause (1) of Section 4.2(b).
Specific Collateral shall be identified and (3) the further identification and subsequent separation of the portion of such funds of each Legal Entity that are Relinquished Property Proceeds of such Legal Entity from the portion of such funds that are Non-Qualified Funds of such Legal Entity.
When and to the extent additional amounts are paid or incurred for the assets acquired in the applicable assets acquisition (e.g., when and to the extent the Non-Qualified Funds pay or incur decommissioning expenses), such amounts will be taken into account as increases to ENIP’s consideration paid and allocated in the same manner and subject to the same conditions as though they were paid or incurred on the acquisition date.
The transfer of the assets of the Non-Qualified Funds to the Pooling Partnership prior to the closing had no substantial business purpose, and was merely a device to attempt to change the allocation of the consideration paid for Indian Point Units 1 and 2 among the transferred assets under section 1060.