The Gross Fund will be deposited in an account titled Equitable Settlement Fund (the “Settlement Fund”), intended by the Settling Parties to be a “Qualified Settlement Fund” as described in Section 468B of the Internal Revenue Code of 1986, as amended, and Treas.
Cash Settlement shall have the meaning specified in Section 14.02(a).
Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.
ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);
PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.
Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.