Qualified Settlement Fund definition

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 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.
Qualified Settlement Fund means a fund within the meaning of Treasury Regulations § 1.468B-1.

Examples of Qualified Settlement Fund in a sentence

  • The Settling Parties agree that the escrow account is intended to be, and will be, an interest-bearing Qualified Settlement Fund within the meaning of Treas.

  • The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

  • The Escrow Account, plus accrued interest thereon, is approved as a Qualified Settlement Fund pursuant to Internal Revenue Code Section 468B and the Treasury Regulations promulgated thereunder.

  • Class Counsel will not seek to receive any interest earned by the Qualified Settlement Fund, which will be added to the amount received by the Class.

  • Any Class Representatives’ Compensation awarded by the Court will be paid from the Qualified Settlement Fund.


More Definitions of Qualified Settlement Fund

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 “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent pursuant to Article 5 herein as the Qualified Settlement Fund within the meaning of Treas. Reg. § 1.468B-1.
Qualified Settlement Fund is defined in Section 10.
Qualified Settlement Fund or “QSF” means the settlement fund established pursuant to Section 6.02 in which Organon will deposit the Settlement Funds.
Qualified Settlement Fund means the Florida Qualified Settlement Fund contemplated by this Agreement, into which all payments by CVS shall be made and which shall be established under the authority and jurisdiction of the Court and which shall be a “qualified settlement fund” within the meaning of 26 C.F.R. § 1.468B-1.
Qualified Settlement Fund means the interest-bearing settlement fund account to be established and maintained by the Escrow Agent as described in Article IV herein.