THE TRANSFER PAYMENT Clause Samples

THE TRANSFER PAYMENT. 4.1 The Sellers shall procure that the Sellers' Actuary makes a provisional calculation of the Transfer Amount and the Supplementary Transfer Amount as soon as reasonably practicable and in any event not later than two months before the Pension Transfer Date (assuming for these purposes that the Pension Transfer Date ends on a date which is six months after Completion and further assuming that all Relevant Employees are to be Transferring Employees) and notifies the Purchasers' Actuary of the amount for verification by the Purchasers' Actuary. If the Purchasers' Actuary is unable to agree the Sellers' Actuary's calculations within one month of his receipt of the calculations either party may refer the matter to an independent actuary pursuant to paragraph 4.4 below. 4.2 The Sellers and the Purchasers shall as soon as reasonably practicable and in any event not later than two months after the Pension Transfer Date provide the Sellers' Actuary and the Purchasers' Actuary with documents and information in their respective possession or control as the Sellers' Actuary and the Purchasers' Actuary may reasonably require in order to calculate and verify the Transfer Amount and the Supplementary Transfer Amount.