Common use of Actuarial Gain Clause in Contracts

Actuarial Gain. (a) If the current actuarial valuation report of the Pension Plan establishes that the total amount of all Unfunded Liabilities is less than the total amount of all Unfunded Liabilities projected for the Pension Plan in the previously filed actuarial valuation report,the amount of that Actuarial Gain must be used: (i) to eliminate every Unfunded Liability, or (ii) if the amount of that Actuarial Gain is insufficient to eliminate every Unfunded Liability, to reduce the Unfunded Liabilities, with the Unfunded Liabilities being eliminated or reduced chronologically, beginning with the oldest Unfunded Liability. (b) If an Actuarial Gain is used in the manner referred to in subparagraph (a)(i), to reduce the amount of an Unfunded Liability, the payments that are, under paragraphs 4(b) or 4(c), required to be made in relation to that Unfunded Liability must be reduced, on a prorated basis, and paid over the remainder of the applicable Unfunded Liability PaymentPeriod, or a shorter period.

Actuarial Gain. (a) If the current actuarial valuation report of the Pension Plan establishes that the total amount of all Unfunded Liabilities is less than the total amount of all Unfunded Liabilities projected for the Pension Plan in the previously filed actuarial valuation report,, the amount of that Actuarial Gain must be used: (i) to eliminate every Unfunded Liability, or (ii) if the amount of that Actuarial Gain is insufficient to eliminate every Unfunded Liability, to reduce the Unfunded Liabilities, with the Unfunded Liabilities being eliminated or reduced chronologically, beginning with the oldest Unfunded Liability. (b) If an Actuarial Gain is used in the manner referred to in subparagraph paragraph (a)(i), a)(ii) to reduce the amount of an Unfunded Liability, the payments that are, under paragraphs subsections 4(b) or 4(c), required to be made in relation to that Unfunded Liability must be reduced, on a prorated basis, and paid over the remainder of the applicable Unfunded Liability PaymentPeriodPayment Period, or a shorter period.

Actuarial Gain. (a) If the current actuarial valuation report of the Pension Plan establishes that the total amount of all Unfunded Liabilities is less than the total amount of all Unfunded Liabilities projected for the Pension Plan in the previously filed actuarial valuation report,, the amount of that Actuarial Gain must be used: (i) to eliminate every Unfunded Liability, or (ii) if the amount of that Actuarial Gain is insufficient to eliminate every Unfunded Liability, to reduce the Unfunded Liabilities, with the Unfunded Liabilities being eliminated or reduced chronologically, beginning with the oldest Unfunded Liability. (b) If an Actuarial Gain is used in the manner referred to in subparagraph (a)(i), ) to reduce the amount of an Unfunded Liability, the payments that are, under paragraphs 4(b) or 4(c), required to be made in relation to that Unfunded Liability must be reduced, on a prorated basis, and paid over the remainder of the applicable Unfunded Liability PaymentPeriodPayment Period, or a shorter period.

Actuarial Gain. (a) If the current actuarial valuation report of the Pension Plan establishes that the total amount of all Unfunded Liabilities is less than the total amount of all Unfunded Liabilities projected for the Pension Plan in the previously filed actuarial valuation report,, the amount of that Actuarial Gain must be used: (i) to eliminate every Unfunded Liability, or (ii) if the amount of that Actuarial Gain is insufficient to eliminate every Unfunded Liability, to reduce the Unfunded Liabilities, with the Unfunded Liabilities being eliminated or reduced chronologically, beginning with the oldest Unfunded Liability. (b) If an Actuarial Gain is used in the manner referred to in subparagraph (a)(i), a)(ii) to reduce the amount of an Unfunded Liability, the payments that are, under paragraphs 4(b) or 4(c), required to be made in relation to that Unfunded Liability must be reduced, on a prorated basis, and paid over the remainder of the applicable Unfunded Liability PaymentPeriodPayment Period, or a shorter period.