Common use of Termination Valuation Clause in Contracts

Termination Valuation. 7.4.1 Where the Administering Authority is unable for any reason to obtain an actuarial valuation or issue a revision of the Admission Body’s rates and adjustments certificate in accordance with Clause 6.5.3 (Adjustment of Contribution Rate) then (without prejudice to any powers set out in the Regulations), the Administering Authority shall have the right to obtain from the Actuary an actuarial valuation of the assets and liabilities of the Fund in respect of the Members as at the date this Agreement terminates, calculated on such basis as the Actuary shall recommend.

Termination Valuation. 7.4.1 Where the Administering Authority is unable for any reason to obtain an actuarial valuation or issue a revision of the Admission Body’s rates and adjustments certificate in accordance with Clause 6.5.3 (Adjustment of Contribution Ratecontribution rate) then (without prejudice to any powers set out in the Regulations), the Administering Authority shall have the right will be entitled to obtain from the Actuary an actuarial valuation of the assets and liabilities of the Fund in respect of the Members as at the date this Agreement terminates, calculated on such basis as the Actuary shall recommendrecommends.

Termination Valuation. 7.4.1 Where the Administering Authority is unable for any reason to obtain an actuarial valuation or issue a revision of the Admission Body’s rates and adjustments certificate in accordance with Clause 6.5.3 (Adjustment of Contribution Ratecontribution rate) then (without prejudice to any powers set out in the Regulations), the Administering Authority shall have the right will be entitled to obtain from the Actuary an actuarial valuation of the assets and liabilities of the Fund in respect of 25 The Administering Authority should consider whether it wants to give the Members as at Admission Body the date this Agreement terminates, calculated on such basis as the Actuary shall recommendpower to terminate by notice.

Termination Valuation. 7.4.1 Where the Administering Authority is unable for any reason to obtain an actuarial valuation or issue a revision of the Admission Body’s rates and adjustments certificate in accordance with Clause 6.5.3 6.5.2 (Adjustment of Contribution Ratecontribution rate) then (without prejudice to any powers set out in the Regulations), the Administering Authority shall have the right will be entitled to obtain from the Actuary an actuarial valuation of the assets and liabilities of the Fund in respect of the Members as at the date this Agreement terminates, calculated on such basis as the Actuary shall recommendrecommends.