Settlement Fund Account definition

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

Settlement Fund Account means the interest-bearing

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

• The Administrator shall prepare, send, file, and furnish all tax information reporting forms required for payments made from the Settlement Fund Account as required by the Internal Revenue Service pursuant to the Internal Revenue Code and related Treasury Regulations.

• Within three (3) business days after the Court's entry of the Preliminary Approval Order, Class Counsel shall deliver to the Escrow Agent and Southfield Corporation a certified copy of the Preliminary Approval Order and wire transfer instructions for payment of funds to the Settlement Fund Account.

• All interest on the funds in the Settlement Fund Account shall accrue to the benefit of the Settlement Class.

• Further, the Settlement Fund Account shall indemnify and hold harmless the Parties and the Parties’ Counsel for Taxes (including, without limitation, taxes payable by reason of any such indemnification payments).

• The Parties further agree that the Settlement Fund Account shall be treated as a qualified settlement fund from the earliest date possible and agree to any relation-back election required to treat the Settlement Fund Account as a qualified settlement fund from the earliest date possible.

More Definitions of Settlement Fund Account

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

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 account into which Target will deposit the Cash Settlement Amount.

Settlement Fund Account means the bank account established pursuant to

Settlement Fund Account means the bank account established under this Joint

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.