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. (“QSF”) means a bank account to be established by the Administrator for the benefit of the Settlement Class. The QSF shall be interest bearing if the costs associated with making it interest bearing (such as tax preparation and bank fees) are less than the likely interest earned. If the QSF is an interest-bearing account, any amount remaining after the costs described in this paragraph will be subject to the conditions of paragraph 65 herein.

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

Examples of Qualified Settlement Fund in a sentence

Any costs, expenses, or fees incurred in connection with the administration of this Settlement shall be paid out of the Qualified Settlement Fund.
Plaintiffs acknowledge that the Released Parties have no responsibility for any taxes due on funds deposited in or distributed from the Qualified Settlement Fund or that the Plaintiffs or Class Counsel receive from the Gross Settlement Amount.
Plaintiffs further acknowledge that any such tax payments, and any professional, administrative, or other expenses associated with such tax payments, shall be paid out of the Qualified Settlement Fund.
After entry of the Preliminary Approval Order, the Escrow Agent shall be directed in writing to disburse from the Qualified Settlement Fund an amount sufficient for the payment of costs of the Settlement Notice.
The Qualified Settlement Fund may be used to fund the provision of Notice pursuant to the Notice Plan and any reasonable fees, costs, or expenses incurred by the Notice Administrator, the Opt Out Administrator, the Claims Administrator, the Special Master, or the Escrow Agent under this Settlement Agreement.

More Definitions of Qualified Settlement Fund

Qualified Settlement Fund means a qualified settlement fund established pursuant to U.S. Treasury Regulation section 468B-1, 29 C.F.R. § 468B-1.

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

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 as the Qualified Settlement Fund within the meaning of Treas. Reg. § 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 “QSF” shall mean a fund satisfying the requirements of Section 468B of the Internal Revenue Code of 1986, as amended, and the regulations thereunder and, for purposes of this Agreement, established as the vehicle to hold the Settlement Fund.

Qualified Settlement Fund is defined in Section 10.

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.