Common use of Qualified Settlement Fund Clause in Contracts

Qualified Settlement Fund. The Parties agree that the account into which the Settlement Fund is deposited is intended to be and will at all times constitute a “qualified settlement fund” within the meaning of Treas. Reg. §1.468B 1. The Settlement Administrator shall timely make such elections as necessary or advisable to carry out the provisions of Section 13, including, if necessary, the “relation back election” (as defined in Treas. Reg. §1.468B 1(j)(2)) back to the earliest permitted date. Such elections shall be made in compliance with the procedures and requirements contained in such Treasury regulations promulgated under §1.468B of the Internal Revenue Code of 1986, as amended (the “Code”). It shall be the responsibility of the Settlement Administrator to cause the timely and proper preparation and delivery of the necessary documentation for signature by all necessary parties, and thereafter to cause the appropriate filing to occur.

Qualified Settlement Fund. The Parties agree that the account Escrow Account into which the Settlement Fund is deposited is intended to be and will at all times constitute a “qualified settlement fundQualified Settlement Fund” within the meaning of Treas. Reg. §1.468B 1Treasury Regulation § 1.468B-1. The Settlement Claims Administrator shall will timely make such elections as necessary or advisable to carry out the provisions of Section 1310, including, including if necessary, the “relation back election” (as defined in Treas. Reg. §1.468B 1(j)(2§ 1.468B-1(j)(2)) back to the earliest permitted date. Such elections shall must be made in compliance with the procedures and requirements contained in such Treasury regulations promulgated under §§ 1.468B of the Internal Revenue Code of 1986, as amended (the “Code”). It shall be is the responsibility of the Settlement Claims Administrator to cause the timely and proper preparation and delivery of the necessary documentation for signature by all necessary parties, and thereafter to cause the appropriate filing to occur.

Qualified Settlement Fund. The Parties agree that the account into which the Settlement Fund is deposited is intended to be and will at all times constitute a “qualified settlement fund” within the meaning of Treas. Reg. §1. §1.468B 468B 1. The Settlement Claims Administrator shall timely make such elections as necessary or advisable to carry out the provisions of Section 13, including, if necessary, the “relation back election” (as defined in Treas. Reg. §1.468B 1(j)(2)) back to the earliest permitted date. Such elections shall be made in compliance with the procedures and requirements contained in such Treasury regulations promulgated under §1.468B of the Internal Revenue Code of 1986, as amended (the “Code”). It shall be the responsibility of the Settlement Claims Administrator to cause the timely and proper preparation and delivery of the necessary documentation for signature by all necessary parties, and thereafter to cause the appropriate filing to occur.

Qualified Settlement Fund. The Parties agree Plaintiff submits that the account into which the Settlement Fund is deposited is intended to be and will at all times constitute a “qualified settlement fund” within the meaning of Treas. Reg. §1. §1.468B 468B 1. The Settlement Claims Administrator shall timely make such elections as necessary or advisable to carry out the provisions of Section 13, including, if necessary, the “relation back election” (as defined in Treas. Reg. §1.468B 1(j)(2)) back to the earliest permitted date. Such elections shall be made in compliance with the procedures and requirements contained in such Treasury regulations promulgated under §1.468B of the Internal Revenue Code of 1986, as amended (the “Code”). It shall be the responsibility of the Settlement Claims Administrator to cause the timely and proper preparation and delivery of the necessary documentation for signature by all necessary parties, and thereafter to cause the appropriate filing to occur.

Qualified Settlement Fund. The Parties agree that the account into which the Settlement Fund Benefit is deposited is intended to be and will at all times constitute a “qualified settlement fund” within the meaning of Treas. Reg. §1.468B 1. 468B-1. The Settlement Claims Administrator shall timely make such elections as necessary or advisable to carry out the provisions of Section 13, including, if necessary, the “relation back election” (as defined in Treas. Reg. §1.468B 1(j)(21.468B-1(j)(2)) back to the earliest permitted date. Such elections shall be made in compliance with the procedures and requirements contained in such Treasury regulations promulgated under §1.468B of the Internal Revenue Code of 1986, as amended (the “Code”). It shall be the responsibility of the Settlement Claims Administrator to cause the timely and proper preparation and delivery of the necessary documentation for signature by all necessary parties, and thereafter to cause the appropriate filing to occur.

Qualified Settlement Fund. The Parties agree that the account into which the Settlement Fund is deposited is intended to be and will at all times constitute a “qualified settlement fund” fund within the meaning of Treas. Reg. §1.468B 1. 468B-1. The Settlement Claims Administrator shall timely make or cause to be made such elections as necessary or advisable to carry out the provisions of this Section 13XVII, including, if necessaryrequested by loanDepot, cooperating in the “making of the relation back election” election (as defined in Treas. Reg. §1.468B 1(j)(21.468B-1(j)(2)) back to the earliest permitted date. Such elections shall be made in compliance with the applicable procedures and requirements contained in such Treasury regulations promulgated under §1.468B 468B of the Internal Revenue Code of 1986, as amended (the “Code”Code ). It shall be the responsibility of the Settlement Claims Administrator to cause the timely and proper preparation and delivery of the necessary documentation for signature by all necessary parties, and thereafter to cause the appropriate filing to occur.

Qualified Settlement Fund. The Parties agree that the account Escrow Account into which the Settlement Fund is deposited is intended to be and will at all times constitute a “qualified settlement fundQualified Settlement Fund” within the meaning of Treas. Reg. §1.468B 1Treasury Regulation § 1.468B-1. The Settlement Claims Administrator shall will timely make such elections as necessary or advisable to carry out the provisions of Section 1310, including, including if necessary, the “relation back election” (as defined in Treas. Reg. §1.468B 1(j)(2§ 1.468B-1(j)(2)) back to the earliest permitted date. Such elections shall must be made in compliance with the procedures and requirements contained in such Treasury regulations promulgated under §1.468B under § 1. 468B of the Internal Revenue Code of 1986, as amended (the “Code”). It shall be is the responsibility of the Settlement Claims Administrator to cause the timely and proper preparation and delivery of the necessary documentation for signature by all necessary parties, and thereafter to cause the appropriate filing to occur.

Qualified Settlement Fund. The Parties agree that the account into which the Settlement Fund is deposited is intended to be and will at all times constitute a “qualified settlement fund” within the meaning of Treas. Reg. §1. §1.468B 468B 1. The Settlement Claims Administrator shall timely make such elections as necessary or advisable to carry out the provisions of Section 13, including, if necessary, the “relation back election” (as defined in Treas. Reg. §1. §1.468B 468B 1(j)(2)) back to the earliest permitted date. Such elections shall be made in compliance with the procedures and requirements contained in such Treasury regulations promulgated under §1.468B of the Internal Revenue Code of 1986, as amended (the “Code”). It shall be the responsibility of the Settlement Claims Administrator to cause the timely and proper preparation and delivery of the necessary documentation for signature by all necessary parties, and thereafter to cause the appropriate filing to occur.

Qualified Settlement Fund. The Parties agree that the account Escrow Account into which 21 the Settlement Fund is deposited is intended to be and will at all times constitute a “qualified settlement fundQualified 22 Settlement Fund” within the meaning of Treas. Reg. §1.468B 1Treasury Regulation § 1.468B-1. The Settlement Claims 23 Administrator shall will timely make such elections as necessary or advisable to carry out the provisions of Section 13necessary, including, including if necessary, the “relation 24 back election” (as defined in Treas. Reg. §1.468B 1(j)(2§ 1.468B-1(j)(2)) back to the earliest permitted date. 25 Such elections shall must be made in compliance with the procedures and requirements contained in 26 such Treasury regulations promulgated under §§ 1.468B of the Internal Revenue Code of 1986, as 27 amended (the “Code”). It shall be is the responsibility of the Settlement Claims Administrator to cause the timely 1 and proper preparation and delivery of the necessary documentation for signature by all necessary 2 parties, and thereafter to cause the appropriate filing to occur.

Qualified Settlement Fund. The Parties agree that the account into which the Settlement Fund is deposited is intended to be and will at all times constitute a “qualified settlement fund” within the meaning of Treas. Reg. §1.468B 1. 468B-1. The Settlement Claims Administrator shall will timely make such elections as necessary or advisable to carry out the provisions of Section 13, including, if necessary, the “relation back election” (as defined in Treas. Reg. §1.468B 1(j)(2§ 1.468B-1(j)(2)) back to the earliest permitted date. Such elections shall will be made in compliance with the procedures and requirements contained in such Treasury regulations Regulations promulgated under §Section 1.468B of the Internal Revenue Code of 1986, as amended (the “Code”). It shall be is the responsibility of the Settlement Claims Administrator to cause the timely and proper preparation and delivery of the necessary documentation for signature by all necessary partiesParties, and thereafter to cause the appropriate filing to occur.