QSF Trust definition

QSF Trust means the Trust and Qualified Settlement Fund established by Performing Defendant pursuant to the terms of the Trust and Qualified Settlement Fund Agreement approved by the Court pursuant to this Consent Decree, in a form attached hereto as Appendix D. The QSF Trust was established as a trust under the laws of the State of West Virginia and is designed to qualify as a Qualified Settlement Fund under Section 468B of the Internal Revenue Code and the Code Regulations thereunder.
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QSF Trust shall have the meaning ascribed to it in the preamble.
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Examples of QSF Trust in a sentence

  • It is the intention of the parties hereto that the QSF Trust hereby created constitutes a statutory trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del.

  • The Trustee is hereby authorized to file with any governmental authority any documents necessary to establish the QSF Trust.

  • The office of the QSF Trust shall be in care of the Trustee at its corporate trust office or at any other address that the Trustee may designate by written notice to the QSF Beneficiaries.

  • The QSF Trust shall be taxed on its modified gross income, excluding the sums, or cash equivalents of items, transferred to it.

  • The trust created hereby shall be known as the “RMBS Claims Trust”, in which name the Trustee may conduct the affairs of the QSF Trust.

  • On the Initial Unit Distribution Date (as such term is defined in the Plan), the QSF Trust shall accept the number of Liquidating Trust Units issued to the QSF Trust on such date pursuant to the Liquidating Trust Agreement and thereafter the QSF Trust shall accept any distributions made by the Liquidating Trust in respect of any Liquidating Trust Units held by the QSF Trust from time to time in accordance with the Liquidating Trust Agreement, in all cases in trust for the benefit of the QSF Beneficiaries.

  • The Merger shall have the effects set forth in the applicable provisions of the DGCL.

  • No transfer by operation of law or otherwise, of the right, title and interest of any QSF Beneficiary in and to the Trust Estate or hereunder shall operate to terminate this QSF Trust or entitle any successor or transferee of such, QSF Beneficiary to an accounting or to the transfer to it of legal title to any part of the Trust Estate.

  • Section 1.468B-3(e)(2) no later than February 15th of the year following each calendar year in which Ally is treated for federal income tax purposes as making a transfer to the QSF Trust.

  • No QSF Beneficiary shall have any title to, right to, possession of, management of or control of, the QSF Trust or the Trust Estate except as herein expressly provided.