Independent Actuary Sample Clauses

Independent Actuary. The managing director of OLF shall appoint an independent actuary who shall submit a statement to the Industry Forum prior to the deliberation of Industry Forum of the matters included in Article 2.3.2 nos. 1-5. Prior to such appointment, each member shall have 10 working days to state his opinion on the proposal for the actuary to be appointed. The appointment of the actuary shall apply for three years and shall be final. The actuary may demand that each licensee entitled to membership in the Industry Forum submit to the actuary such material and calculations as the actuary deems necessary for his performance of his duties under this Agreement. The cost related to the actuary shall be paid by OLF, which shall distribute a share on all licensees entitled to membership in the Industry Forum. The cost shall be distributed according to OLF’s norm of distribution as if all members of the Industry Forum were members of OLF.
Sample 1Sample 2
AutoNDA by SimpleDocs
Independent Actuary. The managing director of OLF shall appoint an independent actuary who shall submit a statement to the Industry Forum prior to the deliberation of Industry Forum of the matters included in Article 2.3.2
Sample 1Sample 2
Independent Actuary. Any dispute between the Vendor’s Actuary and the Purchaser’s Actuary concerning the amount of the Completion Pension Scheme Liabilities, Longstop Pension Scheme Liabilities, the Liability Movement Value or any other matter to be certified or agreed between them in accordance with this schedule may, upon expiry of the appropriate time-limit (if any) by which such matter is to be certified or agreed in accordance with this schedule and at the option of either the Vendor or the Purchaser, be referred to an independent actuary to be appointed by agreement between the Vendor and the Purchaser or, in default of agreement within 14 days from the first nomination of an actuary by one party to the other, by the President for the time being of the Institute of Actuaries on the application of either the Vendor or the Purchaser. The independent actuary shall reach his decision on the basis of the provisions of this schedule and shall act as an expert and not as an arbitrator. His decision shall, in the absence of manifest error, be final and binding on the Vendor and Purchaser and his costs shall be borne by the Vendor and the Purchaser in such proportions as directed by the independent actuary.
Sample 1Sample 2
Independent Actuary. An Independent Actuary has reviewed the terms of the proposed transfer in the Independent Actuary’s Report (the “Report”). This review has been carried out by Xxxxxx Xxxxxxx of Xxxx Xxxxx & Xxxxxxx LLP. The Report together with a summary of the Report is available for your review at xxx.xxxxxxxxxxxxx.xx. The Independent Actuary concludes, subject to the assumptions and qualifications set out in the Report, that the security provided to transferring policyholders will not be materially adversely affected by the Proposed Transfer and that there will be no material impact on service standards expected for transferring policyholders following the Proposed Transfer. Should you require a translation of the Report, please let us know and we will arrange to provide you with a translation.
Sample 1
Independent Actuary. ACRA agrees that, in accordance with and subject to the terms and conditions of the Fee and Capitalization Agreement, dated as of September 11, 2019, by and between ACRA and ALRe (the “Fee and Capitalization Agreement”), ACRA will engage an Independent Actuary (as defined in the Fee and Capitalization Agreement) to review the valuation of each Qualifying Transaction in which an ACRA Investment Entity has exercised its participation right on an annual basis.
Sample 1
Independent Actuary. Cause its Subsidiary to cause the Independent Actuary to make a determination of the Loss Reserves of ABCIC as of each December 31st.
Sample 1
Independent Actuary. ACRA 2 HoldCo agrees that, in accordance with and subject to the terms and conditions of the Fee and Capitalization Agreement, effective as of July 1, 2023, by and between ACRA 2 HoldCo and ALRe (the “Fee and Capitalization Agreement”), ACRA 2 HoldCo will engage an Independent Actuary (as defined in the Fee and Capitalization Agreement) to review the valuation of each Qualifying Transaction in which an ACRA 2 Investment Entity (or any of its Subsidiaries) has exercised its participation right on an annual basis.
Sample 1
AutoNDA by SimpleDocs
Independent Actuary. 4.10(a) Insurance Subsidiaries....................................
Sample 1
Independent Actuary. 35 ------------------- Intellectual Property......................... 18 --------------------- Inventory..................................... 41 IRS........................................... 36 --- ITA........................................... 50 --- Italian Note Receivable....................... 4 ----------------------- JLL Fund...................................... 1
Sample 1

Related to Independent Actuary

  • Independent Auditors The Company shall, until at least the Termination Date, maintain as its independent auditors an accounting firm authorized to practice before the SEC.

  • Independent Accountant Xxxxxxxx LLP (the “Accountant”), which has expressed its opinions with respect to the audited financial statements (which term as used in this Agreement includes the related notes thereto) of the Company filed with the Commission as a part of the Registration Statement and included in the Disclosure Package and the Prospectus, is an independent registered public accounting firm as required by the Securities Act and the Exchange Act.

  • Independent Auditor The Company’s independent auditor, if any, shall be an independent public accounting firm selected by the Member, which may also be the Member’s independent auditor.

  • Independent Audit The Grantee shall submit, in a format specified by the department, the independent financial compliance audit prepared by an independent Certified Public Accountant for the previous fiscal year. The audit shall follow the General Grant Requirements of Sections VIII (F) and (G) and be submitted no later than March 1 of the current fiscal year.

  • Independent Activities 14.1 Except as expressly provided herein, each party shall have the free and unrestricted right to independently engage in and receive the full benefit of any and all business endeavours of any sort whatsoever, whether or not competitive with the endeavours contemplated herein without consulting the other or inviting or allowing the other to participate therein. No party shall be under any fiduciary or other duty to the other which will prevent it from engaging in or enjoying the benefits of competing endeavours within the general scope of the endeavours contemplated herein. The legal doctrines of "corporate opportunity" sometimes applied to persons engaged in a joint venture or having fiduciary status shall not apply in the case of any party. In particular, without limiting the foregoing, no party shall have any obligation to any other party as to:

  • Independent Appraiser A Person with no material current or prior business or personal relationship with the Advisor or the Directors and who is a qualified appraiser of Real Property of the type held by the Company or of other Assets as determined by the Board. Membership in a nationally recognized appraisal society such as the American Institute of Real Estate Appraisers or the Society of Real Estate Appraisers shall be conclusive evidence of such qualification as to Real Property.

  • Independent Analysis Each Party hereby confirms that its decision to execute this Agreement has been based upon its independent assessment of documents and information available to it, as it has deemed appropriate.

  • Independent Accountants The accountants who certified the financial statements and supporting schedules included in the Registration Statement are independent public accountants as required by the 1933 Act and the 1933 Act Regulations.

  • Independent Parties This Agreement shall not be deemed to create any partnership, joint venture, or agency relationship between the Parties. Each Party shall act hereunder as an independent contractor.

  • Independent Decision The Investor is not relying on the Issuer or on any legal or other opinion in the materials reviewed by the Investor with respect to the financial or tax considerations of the Investor relating to its investment in the Shares. The Investor has relied solely on the representations and warranties, covenants and agreements of the Issuer in this Agreement (including the exhibits and schedules hereto) and on its examination and independent investigation in making its decision to acquire the Shares.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!