Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

Qualified escrow fund means an escrow arrangement with a federally or state chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least

Qualified escrow fund means an escrow arrangement with a federally or state chartered financial institution having no affiliation with any Tobacco Product Manufacturer and having assets of at least one billion ($1,000,000,000) where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of Releasing Parties (as defined in the Master Settlement Agreement) and prohibits the Tobacco Product Manufacturer placing the funds into escrow from using, accessing or directing the use of the funds’ principal except as consistent with the applicable NPM Statute and this Escrow Agreement.

Examples of Qualified escrow fund in a sentence

Please refer to the NPM instructions for informa- tion regarding escrow deposit and certification dates.TOTAL AMOUNT that has been paid into the Qualified escrow fund by the Manufacturer/Importer identifiedabove for the sales quarter.
Qualified escrow fund statute complianceIf you answered Yes to Question 6, attach a copy of each claim made by a state and list on a separate sheet the name and address of the government attorney or official making the claim, the brand families for which there was a failure to make adequate or timely escrow deposits, and the amounts of any escrow deposits still owed.
Please refer to the NPM instructions for information regarding escrow deposit and certification dates.TOTAL AMOUNT that has been paid into the Qualified escrow fund by the Manufacturer identifiedabove for the sales year or quarter.
Qualified escrow fund has the same meaning as that term is defined in 22 M.R.S.A. §1580-H(6).

More Definitions of Qualified escrow fund

Qualified escrow fund means an escrow arrangement with a federally or State chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least $1,000,000,000 where such arrangement requires that such financial institution hold the escrowed funds' principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing or directing the use of the funds' principal except as consistent with section 3(b) of Haw. Rev. Stat., Chapter 675. (See Haw. Rev. Stat.

Qualified escrow fund means an escrow arrangement with a federally or state

Qualified escrow fund means an escrow arrangement with a federally or state chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least $1,000,000,000, which arrangement requires that the financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product man- ufacturer placing the funds into escrow from using, accessing or directing the use of the funds’ principal except as is consistent with sub. (2) (b) 2.

Qualified escrow fund means qualified escrow fund as defined in section 453C.1.

Qualified escrow fund means an escrow arrangement with a

Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars ($1,000,000,000) where such arrangement requires that such financial institution hold the escrowed funds' principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds' principal except as consistent with KRS 131.602(2).