Settlement Trust definition

Settlement Trust means the trust organized under the laws of the state of Delaware and established under Article IV and the Settlement Trust Agreement for the purposes set forth therein, including assuming liability for all Abuse Claims, holding, preserving, maximizing, and administering the Settlement Trust Assets, and directing the processing, liquidation and payment of all compensable Abuse Claims in accordance with the Settlement Trust Documents.
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Settlement Trust means the escrow account established pursuant to the Settlement Agreement.
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Settlement Trust means the national tobacco grower settlement trust established between tobacco companies and states with tobacco growers and tobacco quota owners in accordance with the master settlement agreement between certain tobacco companies and states' attorneys general dated November 23, 1998;
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Examples of Settlement Trust in a sentence

  • The Parties agree that if the amount of economic benefit received by a Settlement Trust as a result of such repurchases or make-whole payments exceeds the amount of that Trust’s Allocable Share, then the reduction in the Settlement Payment shall be equal to, but shall not exceed, that Trust’s Allocable Share.

  • Neither the Settlement Payment nor any allocation or application thereof pursuant to Section 3.06, nor the receipt of any payments pursuant to Section 3.06, shall be deemed to reverse the occurrence of any transaction-related trigger in any Settlement Trust.

  • JPMorgan agrees not to seek to recoup any servicing advance from any portion of the Settlement Payment distributed to the relevant Settlement Trust.

  • In addition, the releases in Article III do not include claims, if any, for any existing obligations JPMorgan has in the ordinary course as servicer under the Governing Agreements to account or remit funds for individual Mortgage Loans to a particular Settlement Trust or to prepare and timely provide any report it is obligated to provide under the Governing Agreements, or to prepare tax-related information.

  • If distribution of a Settlement Trust’s Allocable Share would become payable to a class of REMIC residual interests, whether on the initial distribution of the Allocable Share or on any subsequent distribution date that is not the final distribution date under the Governing Agreement for such Settlement Trust, such payment shall be maintained in the collection or distribution account for distribution on the next distribution date according to the provisions of this Subsection 3.06(a).


More Definitions of Settlement Trust

Settlement Trust means $1,000,000 (One Million dollars) less Legal Fees, less any other expenses and amounts authorized by the court in the Approval Order or by this Agreement.
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Settlement Trust means the liquidating trust or trusts that may be created under the Plan in respect of the Debtors and governed by the Settlement Trust Agreement.
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Settlement Trust means $2,770,000 less Legal Fees, less any other expenses and amounts authorized by the court in the Approval Order or by this Agreement.
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Settlement Trust means a trust—
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Settlement Trust means a trust established in accordance with the terms of the Settlement Trust Order.
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Settlement Trust means Eight Hundred Thousand dollars ($800,000) less Legal Fees, less any other expenses and amounts authorized by the court in the Approval Order or by this Agreement.
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Settlement Trust means a trust which con-
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