Settlement Fund Account definition

Settlement Fund Account means the account described in Section 4 of this Agreement.

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Settlement Fund Account means an interest-bearing account held by an FDIC- insured financial institution, into which Defendant shall deposit the Settlement Payment Amount. Class Counsel and Defendant shall agree on the FDIC-insured financial institution at which the account shall be established.

Settlement Fund Account means the segregated account created in accordance with the Settlement Fund Agreement and held by the Settlement Administrator into which each Settling Party will make its respective Settlement Payment pursuant to this Settlement Agreement.

Examples of Settlement Fund Account in a sentence

• Steel Defendants’ D&O insurance carriers shall no longer have any interest in the Settlement Fund Account except for a contingent interest in the event that the condition subsequent of the occurrence of the Effective Date of the Settlement does not occur.

• The $40 million in cash shall be deposited into the Settlement Fund Account no later than the latter of fifteen (15) business days after: (i) entry of the Preliminary Approval Order; or (ii) receipt by pertinent U.

• Steel Defendant Releasees harmless for any Taxes and related expenses of any kind whatsoever on the Settlement Fund after its deposit into the Settlement Fund Account (including, without limitation, taxes payable by reason of any such indemnification).

• As of the time that the Settlement Amount is deposited into the Settlement Fund Account, the U.

• Steel Defendants’ Counsel within no more than one business day of receipt), (b) a completed W-9 for the Settlement Fund Account, and (c) wire and check mailing instructions for payment to the Settlement Fund Account, including contact information at Signature Bank, N.A. with whom wire instructions may be verbally verified.

More Definitions of Settlement Fund Account

Settlement Fund Account means the escrow account to be established by the Settlement Administrator in the United States, from which all payments out of the Settlement Fund will be made. The Settlement Fund Account shall be established at a depository institution insured by the Federal Deposit Insurance Corporation.

Settlement Fund Account means the interest-bearing

Settlement Fund Account means the account into which BANA will deposit the Cash Settlement Amount.

Settlement Fund Account means (i) prior to the Effective Date, a joint interest-bearing account at such financial institution as the Settling Parties may agree into which Visa will make the Settlement Fund payments, and (ii) after the Effective Date, an account at such financial institution as Plaintiffs’ Co-Lead Counsel designate into which Visa will make the Settlement Fund payments, including without limitation, a trust account.

Settlement Fund Account means the bank account established under this Joint

Settlement Fund Account means the bank account established pursuant to

Settlement Fund Account means the account into which Target will deposit the Cash Settlement Amount.