Common use of OTHER PERMITTED COSTS AND DISBURSEMENTS BY A SETTLEMENT CORPORATION Clause in Contracts

OTHER PERMITTED COSTS AND DISBURSEMENTS BY A SETTLEMENT CORPORATION. (a) Settlement and implementation costs relating to the agreement. (b) Administrative costs incurred by the settlement corporation in respect of the general administration and management of its activities and investments including, without limitation, administrati ve salaries, wages and related benefits, legal and accounting fees and costs incurred in acquiring, leasing and maintaining premises, provided that such administrative costs shall not exceed 10 percent of the assets of the settlement corporation annually for the first five years after the date of settlement legislation and three percent per year thereafter. (c) Transfers to other settlement corporations or to registered charities. (d) Transfers to low-income participants. (e) Payment of any taxes that are payable by a settlement corporation under any Tax Act or pursuant to this agreement. Qualified investments for a trust governed by a Registered Retirement Savings Plan as defined in paragraph 146(1)(g) of the federal Tax Act.

OTHER PERMITTED COSTS AND DISBURSEMENTS BY A SETTLEMENT CORPORATION. (a) Settlement and implementation costs relating to the agreement. (b) Administrative costs incurred by the settlement corporation in respect of the general administration and management of its activities and investments including, without limitation, administrati ve administrative salaries, wages and related benefits, legal and accounting fees and costs incurred in acquiring, leasing and maintaining premises, provided that such administrative costs shall not exceed 10 percent of the assets of the settlement corporation annually for the first five years after the date of settlement legislation and three percent per year thereafter. (c) Transfers to other settlement corporations or to registered charities. (d) Transfers to low-income participants. (e) Payment of any taxes that are payable by a settlement corporation under any Tax Act or pursuant to this agreement. Qualified investments for a trust governed by a Registered Retirement Savings Plan as defined in paragraph 146(1)(g) of the federal Tax Act.

OTHER PERMITTED COSTS AND DISBURSEMENTS BY A SETTLEMENT CORPORATION. (a) Settlement and implementation costs relating to the agreement. (b) Administrative costs incurred by the settlement corporation in respect of the general administration and management of its activities and investments including, without limitation, administrati ve administrative salaries, wages and related benefits, legal and accounting fees and costs incurred in acquiring, leasing and maintaining premises, provided that such administrative costs shall not exceed 10 percent of the assets of the settlement corporation annually for the first five years after the date of settlement legislation and three percent per year thereafter. (c) Transfers to other settlement corporations or to registered charities. (d) Transfers to low-income participants. (e) Payment of any taxes that are payable by a settlement corporation under any Tax Act or pursuant to this agreement. Qualified investments for a trust governed by a Registered Retirement Savings Plan as defined in paragraph 146(1)(g) of the federal Tax Act.