Qualified Counsel definition

Qualified Counsel means those attorneys representing Tort Claimants who have entered into written retainer or fee agreements with such Tort Claimant(s) on or before the Effective Date; provided that such attorney agrees that the attorney’s receipt of Qualified Counsel Fees is credited against the fees owed by such Tort Claimant(s).

Qualified Counsel means those attorneys representing Abuse Claimants who have entered into a written retainer or fee agreements with such Claimant(s) on or before the Effective Date; provided that such attorney agrees that the attorney’s receipt of Qualified Counsel Fees is credited against the fees owed by such Abuse Claimant(s).

Qualified Counsel means an attorney representing a Tort Claimant who has entered into a written retainer or fee agreement with such Tort Claimant on or before the Effective Date; provided that such attorney agrees that the attorney’s receipt of Qualified Counsel Fees is credited against the fees owed by such Tort Claimant.

Examples of Qualified Counsel in a sentence

• The Debtors, the Reorganized Debtors, the Participating Parties, the Released Parties, the Settling Insurers, the Trust, or the Trustee will not have any liability for any fees and expenses of attorneys representing any of the Abuse Claimants except for the provisions relating to Qualified Counsel Fees and Qualified Counsel Costs, and any such Claims for fees and expenses, if any, will be Disallowed.

• Subject to the treatment of Qualified Counsel Fees and Qualified Counsel Costs pursuant to the Plan, the fees and expenses of attorneys representing Abuse Claimants who receive payment from the Trust will be borne by such Abuse Claimants based on applicable state law and individual arrangements made between such Abuse Claimants and their respective attorneys.

• Qualified Counsel includes SEC registered investment advisors, banks, or insurance companies recognized by the System's Consultant and the Board as providing investment expertise with demonstrated success for at least the prior five years.

• Where outside counsel or a litigation consultant is selected by the Office of General Counsel, the Authority shall not be required to prepare written sole source justification so long as the firm being assigned is on the current Qualified Counsel List approved by the Board.

• Qualified Counsel includes SEC registered investment advisors, banks, or insurance companies recognized by the System's Consultant and the Board as providing investment expertise with demonstrated success for at least the prior ten years.

• Before any Distribution(s) to Tort Claimants on account of their Tort Claims, the Trustee will subtract all Qualified Counsel Fees from the balance in a Trust subaccount in an amount equal to the total fees payable to Qualified Counsel by the beneficiaries of that Trust subaccount based on the reserves or Distributions calculated under the Allocation Protocol.

• For consistency, this term as defined here is consistent with the Evaluating Secondary Capital Plans supervisory guidance issued by the Board on September 16, 2019.65 Qualified Counsel.

• Subject to the treatment of Qualified Counsel Fees and Qualified Counsel Costs pursuant to the Plan, the fees and expenses of attorneys representing Tort Claimants who receive Distributions will be borne by such Tort Claimants based on applicable state law and individual arrangements made between such Tort Claimants and their respective attorneys.

• The Trust shall pay such fees to Qualified Counsel as and when the Tort Claimant receives a Distribution from the Trust.

• Before any Distribution(s) to Tort Claimants from a Trust subaccount the Trustee will subtract all Qualified Counsel Costs from the balance in the applicable Trust subaccount in an amount equal to the unpaid reimbursable expenses (prepetition and postpetition through the Effective Date) payable to Qualified Counsel by the beneficiaries of that Trust subaccount.

More Definitions of Qualified Counsel

Qualified Counsel means those attorneys representing Tort Claimants who have entered into a written retainer or fee agreements with such Claimant(s) on or before

Qualified Counsel means a lawyer or law firm with a high reputation for ethics and competence, which lawyer (or one or more members of which firm) shall regularly engage in a practice that involves issues such as those raised by the requested opinion or advice.

Qualified Counsel means a lawyer or law firm with expertise in the matters covered by the Settlement Agreement, including ERISA, reasonably satisfactory to the Bank.

Qualified Counsel shall have the meaning set forth in the HTC Loan Agreement.

Qualified Counsel means an attorney licensed to practice law in one or more jurisdictions connected with the proposed Transfer, who devotes a significant portion of such attorney's practice to the area of federal and state securities law, and which attorney is rated "AV" by Martindale Xxxxxxx Law Directory. I understand SBS will make, or will advise the transfer agent of the Shares to make, stop transfer notations on its records relating to the Shares and the certificate representing the Shares will have the following legend imprinted or typed on the face of the Certificate: "The securities represented by this certificate have not been registered under the Securities Act of 1933 or any state securities laws. No transfer or other disposition of the Securities can be made except in compliance with the restrictions contained in a Subscription Agreement and Representation Letter between the Corporation and the person(s) whose name(s) appear(s) on this certificate as registered holder, a copy of which is on file at the office of the Corporation."