Common use of LOSSES AND LOSS FACTORS Clause in Contracts

LOSSES AND LOSS FACTORS. 7.1 Retailer to provide information to enable calculation of Loss Factors by Distributor: The Distributor will obtain information from the reconciliation manager for the purpose of calculating Loss Factors unless this information is provided by the Retailer. The Retailer hereby authorises the reconciliation manager to provide such information to the Distributor (it being intended that the reconciliation manager can rely on this authorisation pursuant to the Contracts (Privity) Act 1982). The Retailer will provide the Distributor with any additional information that the Distributor may reasonably require to enable the Distributor to calculate Loss Factors, within 15 Working Days of the request from the Distributor.

LOSSES AND LOSS FACTORS. 7.1 Retailer to provide information to enable calculation of Loss Factors by Distributor: The Distributor will obtain information from the reconciliation manager Allocation Agent for the purpose of calculating Loss Factors unless this information is provided by the Retailer. The Retailer hereby authorises the reconciliation manager Allocation Agent to provide such information to the Distributor (it being intended that the reconciliation manager Allocation Agent can rely on this authorisation pursuant to the Contracts (Privity) Act 1982). The Retailer will provide the Distributor with any additional information that the Distributor may reasonably require to enable the Distributor to calculate Loss Factors, within 15 Working Days of the request from the Distributor.