National Tobacco Grower Settlement Trust definition

National Tobacco Grower Settlement Trust means the trust established by tobacco companies to provide payments to tobacco growers and tobacco quota owners in 14 states for the purposes of ameliorating potential adverse economic consequences of likely reduction in demand, sales, and prices for tobacco as an agricultural product as a result of the Master Settlement Agreement incorporated in the consent decree entered in the action of State of North Carolina vs. Philip Morris, Incorporated, et al., 98 CVS 14377, in the General Court of Justice, Superior Court Division, Wake County, North Carolina.
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National Tobacco Grower Settlement Trust means the trust
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National Tobacco Grower Settlement Trust means the trust established by
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Examples of National Tobacco Grower Settlement Trust in a sentence

  • The settlement, combined with expenses from the four previous State settlements, will have an ongoing infla- tionary effect on the price of cigarettes.The National Tobacco Grower Settlement Trust In addition to the Master Settlement Agreement (sometimes known as phase I), cigarette manufacturers agreed to pay $5.15 billion to tobacco growers over a period of 12 years (phase II).

  • On December 3, 2002, we issued a report entitled Tobacco Settlement: States* Allocations of Phase II Funds (GAO- 03- 262R) that provided information on the National Tobacco Grower Settlement Trust (commonly referred to as the Phase II agreement).

  • Payments made by PM USA under FETRA offset amounts due under the provisions of the National Tobacco Grower Settlement Trust (“NTGST”), a trust formerly established to compensate tobacco growers and quota holders.

  • The buyout program payments would replace payments to producers of quota tobacco currently made as a result of the National Tobacco Grower Settlement Trust (also known as the Master Settlement Agreement, Part II), which qualify for a subtraction under current Virginia law.

  • The quota buy-out payments will offset already scheduled payments to the National Tobacco Grower Settlement Trust (the “NTGST”), a trust fund established in 1999 by four of the major domestic tobacco product manufacturers to provide aid to tobacco growers and quota holders.

  • On December 3, 2002, we issued a report entitled Tobacco Settlement: States’ Allocations of Phase II Funds (GAO-03-262R) that provided information on the National Tobacco Grower Settlement Trust (commonly referred to as the Phase II agreement).

  • In addition to the technical amendments suggested in this bill, TAX recommends the following additional technical amendments:Page 11, line 635, after 18.Unstrike: For taxable years beginning on and after January 1, 1999, income received as a result of (i) the "Master Settlement Agreement," as defined in § 3.2-3100; (ii) the National Tobacco Grower Settlement Trust dated July 19, 1999 Page 14, line 810, at the beginning of the line, Strike: 58.1-332Insert: Article 3 (§ 58.1-332 et seq.).

  • To that end, in 1999, four of the major domestic tobacco product manufacturers, including PM USA, established the National Tobacco Grower Settlement Trust (“NTGST”), a trust fund to provide aid to tobacco growers and quota holders.

Related to National Tobacco Grower Settlement Trust

  • Local Distribution Company or “LDC” means a Person licensed by the OEB as a “Distributor” in connection with a Distribution System.

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled.

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Statewide popular election means a general election in which votes are cast for

  • Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Purchase Contract Settlement Date means [ ].

  • Plug-in hybrid electric vehicle means a motor vehicle that:

  • Plug-in Hybrid Electric Vehicle (PHEV) means a vehicle that is similar to a Hybrid but is equipped with a larger, more advanced battery that allows the vehicle to be plugged in and recharged in addition to refueling with gasoline. This larger battery allows the car to be driven on a combination of electric and gasoline fuels.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • Retail Settlement Code means the code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and customers and provides for tracking and facilitating customer transfers among competitive retailers;

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Real estate investment trust means any corporation, trust or association qualifying and electing to be taxed as a real estate investment trust under federal law.

  • First Settlement Date means the date set forth in footnote 3 under "Summary of Essential Financial Information" in the Prospectus Part I for a Trust.

  • Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

  • Renewable Energy Certificates or “RECs” means all of the GIS Certificates and environmental benefits associated with New Class I RPS eligible resources.

  • Hybrid electric vehicle (HEV) means a hybrid vehicle where one of the propulsion energy converters is an electric machine.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Class I renewable energy means electric energy produced from

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.

  • 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).

  • Structured settlement obligor means, with respect to any structured settlement, the party that has the continuing obligation to make periodic payments to the payee under a structured settlement agreement or a qualified assignment agreement.

  • Pure electric vehicle (PEV) means a vehicle equipped with a powertrain containing exclusively electric machines as propulsion energy converters and exclusively rechargeable electric energy storage systems as propulsion energy storage systems.

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;