Common use of Adverse Impact on MTC Clause in Contracts

Adverse Impact on MTC. If, as a result of an Adverse Determination, MTC experiences adverse financial impact, such that the final financial consequences of the Adverse Determination do not reflect the financial assumptions made at the time this Agreement is executed with respect to CalPERS pension liabilities, ABAG shall make MTC whole by depositing within one fiscal year the amount determined applicable by a state- recognized actuarial entity with CalPERS expertise, selected by mutual agreement of MTC and ABAG.