Examples of Fund Administrator in a sentence
The Fund Administrator shall be responsible for preparing, filing and addressing any requisite IRS Form 1099s.
Class Counsel shall serve as the Qualified Settlement Fund Administrator (the “Fund Administrator”).
The Fund Administrator will receive the Settlement Fund deposit, when payment thereof becomes due under the terms hereof, and shall make all payments required to be made pursuant to the terms of this Agreement, pay all taxes imposed on the income of the Settlement Fund, and arrange for the preparation and filing of all tax reports, tax forms and tax returns required to be filed by the Settlement Fund, including all Forms 1099.
The Settling Defendants shall supply to the Fund Administrator the statement described in Treasury Regulation Section 1.468B-3(e)(2), 26 C.F.R. § 1.468B-3(e)(2), no later than February 15th of the year following each calendar year in which the Settling Defendants (or some other person on behalf of the Settling Defendants) make a transfer to the Settlement Fund Account.
Any risk of loss of the Settlement Fund and any liability related to the selection or actions of the Fund Administrator shall reside solely with the Fund Administrator, Plaintiffs and Class Counsel.