NPM Statute definition

NPM Statute means the law or laws, as amended, enacted in each MSA State that require a Non-Participating Manufacturer to establish a Qualified Escrow Fund. The Company shall provide a copy of the NPM Statute for each Beneficiary State under this Escrow Agreement to the Escrow Agent.
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Examples of NPM Statute in a sentence

  • Capitalized terms used in this Escrow Agreement and not otherwise defined herein or in the Beneficiary State’s NPM Statute shall have the meaning given to such terms in the Master Settlement Agreement.

  • This Escrow Agreement shall be construed in accordance with and governed by the laws of the state where the Escrow Agent is incorporated, except that the applicable Beneficiary State’s NPM Statute shall only be construed and applied according to, and governed by, the law of the applicable Beneficiary State.

  • The Escrow Agent warrants that it is a federally or state chartered financial institution organized and existing under the laws of the State of , having assets of at least $1 Billion ($1,000,000,000), and is not an Affiliate of any Tobacco Product Manufacturer as defined in the NPM Statute.

  • From time to time the Company shall tender to the Escrow Agent for deposit in the QEF Account the funds that the Company is required to place into a Qualified Escrow Fund pursuant to the NPM Statute of each Beneficiary State.

  • The Company shall designate to the Escrow Agent the amount to be placed in the QEF Sub-Account by Sales Year for each Beneficiary State based on the Units Sold therein in accordance with the applicable Beneficiary State’s NPM Statute.

  • The Escrow Agent warrants that it is a federally or state chartered financial institution organized and existing under the laws of the State of , having assets of at least one billion dollars ($1,000,000,000), and is not an Affiliate of any Tobacco Product Manufacturer as defined in the NPM Statute.

  • The recipient of any of the Company’s rights to the funds in the QEF Account or the earnings thereon is a successor of the Company under Section 14 as to those rights and their attendant obligations under this Escrow Agreement and the applicable NPM Statute, rendering both the Company and transferee jointly obligated to comply with the relevant portions of this Escrow Agreement and the applicable NPM Statute.

  • The paragraph above shall not limit or other otherwise impair a Beneficiary State’s ability to obtain investment instructions from the Company or Escrow Agent under the NPM Statute, other state laws or regulations, or federal laws or regulations.

  • All funds received by the Escrow Agent shall be held and disbursed in accordance with the terms and conditions of this Escrow Agreement and the applicable NPM Statute, regardless of the source of the funds—whether the funds are paid by the Company or by a third- party such as a Cigarette importer or an entity sharing liability with the Company for making the required QEF Principal deposits.

  • If a dispute arises regarding compliance with the terms and conditions of this Escrow Agreement or the NPM Statute, the Company and Escrow Agent shall provide the Beneficiary States with all investment instructions in their possession, custody, or control necessary to identify and resolve the dispute upon written request.

Related to NPM Statute

  • The Statute means Statute 7;

  • the Statutes means the Companies Act and every other act (as may from time to time be amended) for the time being in force in Bermuda applying to or affecting the Company, the Memorandum of Association and/or these presents;

  • Governing statute of an organization means the statute that governs the organization's internal affairs.

  • Statute means the Companies Act (As Revised) of the Cayman Islands.

  • Criminal drug statute means a Federal or non-Federal criminal statute involving the manufacture, distribution, dispensing, possession or use of any controlled substance.

  • Land Use Bylaw means Bylaw 75 of the Municipality, approved on August 6, 1992, as amended, or successor bylaws.

  • Delaware Statutory Trust Statute means the provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801, et seq., as such Act may be amended from time to time.

  • Zoning Bylaw means City of Kelowna Zoning Bylaw No. 8000, as amended or replaced from time to time.

  • NRS means the Nevada Revised Statutes.

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • bye-law means a bye-law framed by the corporation under this Act;

  • Company Governing Documents means the Company Bylaws and the Company Certificate.

  • Statutes means the Companies Act, the Electronic Transactions Act 1999 of Bermuda, and every other act (as amended from time to time) for the time being in force of the Legislature of Bermuda applying to or affecting the Company, the Memorandum of Association and/or these presents;

  • Charter means the Corporation’s certificate or articles of incorporation, articles of association, or similar organizational document.

  • Articles of Incorporation means the Articles of Incorporation of the Company, as amended from time to time.

  • Company Bylaws means the bylaws of the Company, as amended.

  • Certificate of Incorporation means the Certificate of Incorporation of the Company, as amended from time to time.

  • Statutory Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq. as the same may be amended from time to time.

  • CFA Charter means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Company Articles means the Articles of Incorporation of the Company, as amended.

  • Legal Requirement means any law, statute, ordinance, decree, requirement, order, judgment, rule, regulation (or interpretation of any of the foregoing) of, and the terms of any license or permit issued by, any Governmental Authority.

  • Articles of Organization means the original documents filed to organize a limited liability company, as amended or restated by certificates of correction, amendment, or merger, by restated articles, or by other instruments filed or issued under any statute.

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • Certificate of inspection means an unsworn statement,

  • Building Code Act means the Building Code Act, 1992, S.O. 1992, c.23, as amended;