Qualified Settlement Funds definition

Qualified Settlement Funds means the Qualified Escrow Funds (comprised of the Escrowed Funds (including the Related Escrow Funds)) each as classified for tax reporting purposes as a qualified settlement fund by the Internal Revenue Service
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Examples of Qualified Settlement Funds in a sentence

  • Even if permitted by the Treasury Regulations governing Qualified Settlement Funds, no election shall be filed by or on behalf of the Trust for the Trust to be treated as a grantor trust for federal income tax purposes.

  • The Parties agree that no portion of any distributions from the QSF to the Settlement Class Members is made in satisfaction of any excluded liability as described in Treasury Regulation § 1.468B-1(g), related to Qualified Settlement Funds.

  • A dashboard to (a) share reports, recommendations, or plans to spend opioid New York Qualified Settlement Funds; (b) to show how opioid New York Qualified Settlement Funds have been spent; (c) to report program or strategy outcomes; or (d) to track, share or visualize key opioid- or health-related indicators and supports as identified through collaborative statewide, regional, local or community processes.

  • The Escrow Agent shall be solely 13 responsible for ensuring that the Escrow Account complies with the requirements and regulations 14 governing Qualified Settlement Funds, for filing any tax returns for the Settlement Fund, and for 15 paying all Taxes owed with respect to the Settlement Fund.

  • The Parties agree that no portion of any distributions from the QSF to the Settlement Class Members is made in satisfaction of any excluded liability as described in Treasury Regulation § 1.468B-1(g) related to Qualified Settlement Funds.

  • On an annual basis, we provide escrow agent services for over 900 Qualified Settlement Funds and manage assets in excess of $1.5 billion dollars.

  • Following the Effective Date, the Defendants will transfer the funds described in Section 5(D) of this Agreement into one or more Qualified Settlement Funds (“QSFs”), within the meaning of Treasury Regulation § 1.468B-1, et seq.

  • Such returns (as well as the election described in Section 468B) shall be consistent with Section 468B and in all events shall reflect that all taxes (including any estimated taxes, interest or penalties, or tax detriments) on the income earned by the Qualified Settlement Funds shall be paid exclusively out of the Qualified Settlement Funds, in accordance with Section 468B.

  • The Qualified Settlement Funds shall comply with the Treasury Regulations Section 1.468▇-▇ et seq.

  • Even if permitted by the Treasury Regulations or state law governing Qualified Settlement Funds, no election shall be filed by or on behalf of the Depository Trust for the Depository Trust to be treated as a grantor trust for federal or state income tax purposes.