Examples of Settlement Fund Account in a sentence
Within three (3) business days after the Court's entry of the Preliminary Approval Order, Class Counsel shall deliver to the Escrow Agent and Southfield Corporation a certified copy of the Preliminary Approval Order and wire transfer instructions for payment of funds to the Settlement Fund Account.
All interest on the funds in the Settlement Fund Account shall accrue to the benefit of the Settlement Class.
The Settlement Administrator is responsible for the payment of all taxes on interest on the funds in the Settlement Fund Account.
The Administrator shall prepare, send, file, and furnish all tax information reporting forms required for payments made from the Settlement Fund Account as required by the Internal Revenue Service pursuant to the Internal Revenue Code and related Treasury Regulations.
The Settlement Administrator will make disbursal of funds from the Settlement Fund Account as directed by Class Counsel.