Qualified Settlement Account definition

Qualified Settlement Account means the account established by the Settlement Administrator, into which the Gross Settlement Amount shall be deposited.
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Qualified Settlement Account means the account established by the Settlement Administrator, into which the Total Settlement Amount shall be deposited. In addition, and as an amount separate from the Total Settlement Amount, Defendant shall also transmit the employer- side taxes on the wage portion of the Individual Settlement Payments to the Settlement Administrator for deposit into the Qualified Settlement Account. The Settlement Administrator shall establish an interest-bearing escrow account under this Settlement.
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Qualified Settlement Account means a qualified settlement fund account
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Examples of Qualified Settlement Account in a sentence

  • Within 10 days after final disbursement of all funds from the Qualified Settlement Account, the Settlement Administrator will send to the Parties and file with the Superior Court a declaration providing a final summary report on the disbursements of all funds from the Settlement Account.

  • Defendant has no obligation to pay any additional funds into the Qualified Settlement Account.

  • As explained in the accompanying “Description of Settlement Agreement,” Altria’s Settlement Payment into the Government Entity Qualified Settlement Account will be paid within 60 days of the federal MDL Court’s Final Approval of the proposed class action settlement against Altria involving economic loss claims by consumers who said they overpaid for JUUL’s vaping products.

  • CertifiedSafety shall make a one- time deposit of the Gross Settlement Amount into a Qualified Settlement Account to be established by the Settlement Administrator.

  • The Government Entity Qualified Settlement Account is intended to constitute a “qualified settlement fund” within the meaning of Treasury Regulation Section 1.468B-1 and shall remain subject to the continuing jurisdiction of the MDL Court.

  • Among the PhD, Ma, and Ba degree granting (four-year) institutions, the lowest continuation rates, and hence the highest turnover rates for associate professors, are seen to be at the PhD granting institutions forall but one of the models.

  • The Settlement Administrator shall establish a Qualified Settlement Account for the purpose of distributing Settlement Shares and any other payments.

  • It was noted that unit numbers on C & D buildings are metal (brass) while the other buildings are black plastic.

  • Defendant will pay the Class Action Settlement Amount into a Qualified Settlement Account (“QSF”) to be established by the Claims Administrator.

  • Qualified Settlement Account; and (4) order the Claims Administrator to distribute the settlement 241 All exhibits are to Curtis’s Declaration in support of the Motions for Final Approval and Fees,25 Costs, and Enhancement Award.26 2 This amount includes approximately $3,643 in social security taxes, which directly benefits the employee.


More Definitions of Qualified Settlement Account

Qualified Settlement Account means the account established by the Settlement 6 Administrator pursuant to Internal Revenue Code section 1.468B-1.
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Qualified Settlement Account means the Qualified Settlement Account
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Related to Qualified Settlement Account

  • 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).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Qualified Account means an Account of the Accounts Receivable Borrower generated in the ordinary course of the Accounts Receivable Borrower's business and which is not excluded from the criteria set forth below. No Account shall be a Qualified Account if: (a) the Account or any portion thereof is payable by an individual beneficiary, recipient or subscriber individually and not directly to Accounts Receivable Borrower by a Medicaid/Medicare Account Debtor, commercial medical insurance carrier, health maintenance organization or other commercial third party payor acceptable to Lender in its sole discretion; (b) the Account remains unpaid more than ninety (90) days past the claim or invoice date (but in no event more than one hundred and five (105) days after the applicable 13 Medical Services have been rendered); (c) the Account is subject to any defense, set-off, counterclaim, deduction, discount, credit, chargeback, freight claim, allowance, or adjustment of any kind; (d) if the Account arises from the sale of goods by Borrower, such sale was not an absolute sale or on consignment or on approval or on a sale-or-return basis or subject to any other repurchase or return agreement, or such goods have not been shipped to the Account Debtor or its designee; (e) if the Account arises from the performance of services, such services have not been actually been performed or were undertaken in violation of any law; (f) the Account is subject to a lien other than a Permitted Lien; (g) the Accounts Receivable Borrower knows of the bankruptcy, receivership, reorganization, or insolvency of the Account Debtor; (h) the Account is evidenced by chattel paper or an instrument of any kind, or has been reduced to judgment; (i) the Account is an Account of an Account Debtor having its principal place of business or executive office outside the United States; (j) the Account Debtor is an Affiliate or Subsidiary of the Accounts Receivable Borrower; (k) more than twenty-five percent (25%) of the aggregate balance of all Accounts owing from the Account Debtor obligated on the Account are outstanding more than one hundred and twenty (120) days past their invoice date; (l) fifty percent (50%) or more of the aggregate unpaid Accounts from any individual Account Debtor are not deemed Qualified Accounts hereunder; (m) any covenant, representation or warranty contained in Section 4.3 of the Loan Agreement with respect to such Account has been breached; or (n) the Account fails to meet such other reasonable specifications and requirements which may from time to time be established by Lender.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Individual Settlement Payment means the amount payable from the Net

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Investment Account As defined in Section 3.12(a).

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.