Examples of QEF Principal in a sentence
The Escrow Agent may charge such costs against the interest which accrues on the QEF Principal if not otherwise paid by the Company, but the QEF Principal in any or all of the QEF Sub-Accounts shall not be charged, used as an offset, or otherwise encumbered by the Escrow Agent or the Company.
The Escrow Agent shall further show a Beneficiary State’s QEF Sub-Account by Sales Year to identify the amount of QEF Principal attributable to Units Sold in each Sales Year.
Subject to the limitation found in Section 5 herein, fees, costs and expenses may be paid from interest or other appreciation earned on funds held in the QEF Account, but the QEF Principal in all QEF Sub-Accounts shall not be charged, used as an offset or otherwise encumbered by the Escrow Agent or the Company.
All funds received by the Escrow Agent pursuant to the terms of this Escrow Agreement shall be held, invested, and disbursed in accordance with the terms and conditions of this Escrow Agreement and the applicable NPM Statute, regardless of the source of the funds— whether the funds are paid by the Company or by a third-party such as a Cigarette importer or an entity sharing liability with the Company for making the required QEF Principal deposits.
Subject to subdivision (D)(ii) of Section 4 of this Escrow Agreement which may prohibit the Escrow Agent from accessing any Interest, the Escrow Agent may charge such costs against the Interest accrued on the QEF Principal.
But, QEF Principal in any or all of the QEF Sub-Accounts shall never be charged, used as an offset, or otherwise encumbered by the Escrow Agent or the Company.
QEF Principal may be used to pay a judgment or settlement on any Released Claim brought against the Company by the applicable Beneficiary State or by any Releasing Party located or residing in the applicable Beneficiary State.
The NPM Statute and state law(s) and regulation(s) of each Beneficiary State govern the release of QEF Principal from the applicable Beneficiary State’s QEF Sub-Account.
At least forty-five (45) days before the proposed date of release of such funds, the Escrow Agent shall notify the applicable Beneficiary State in writing of the amount of QEF Principal proposed to be released from its QEF Sub- Account and, if available, provide bank records showing the Deposit Date of the funds sought to be released under this provision.
Except for executing a Return pursuant to subdivision (T) of Section 2 of the Escrow Agreement, no QEF Principal, Interest, or other funds shall be released, withdrawn, or otherwise removed from any QEF Sub-Account unless the terms and conditions below have been fully satisfied.