Section 179 Valuation definition

Section 179 Valuation. – means the results of an actuarial valuation of the Scheme which has been carried out in a manner which is in accordance with Section 179, whether as a matter of legal obligation or otherwise.
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Section 179 Valuation means an actuarial valuation under that section of the Act;
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Examples of Section 179 Valuation in a sentence

  • Prior to the 2010/11 Levy Year it was the case that, depending on the source of the Section 179 Valuation data and the version of the guidance under which the valuation was prepared, external liabilities (S179InputExLiab) were either included in the total liabilities (S179InputTL) or deducted from the assets (S179InputAss).

  • Where the date of relevant accounts is not provided, it will be assumed to be equal to the effective date of the Section 179 Valuation.

  • Schemes that have protected liabilities of £1.5 billion or more at their most recent Section 179 Valuation must carry out a Bespoke Stress Calculation as, for these schemes, it forms part of the Scheme Return which must (as a statutory requirement) be completed.

  • For schemes that have protected liabilities below £1.5 billion at their most recent Section 179 Valuation, the Scheme Return can be submitted without the Bespoke Stress Calculation.

  • The comparatively short period between the Section 179 Valuation effective date and the Output Date should mean that any inaccuracies arising from this are small.

  • A statement as to whether the form of liability cap which the Certifier is certifying includes a limitation based on a percentage funding level on the Section 179 Valuation basis and, if so, the percentage level of that limitation.

  • Schemes that have protected liabilities of £1.5 billion or more at their most recent Section 179 Valuation will not be able to submit their statutory Scheme Return without completing the Bespoke Stress Calculation.

  • A statement as to the form of liability cap which applies, including (if relevant) the percentage funding level on the Section 179 Valuation basis which is guaranteed and/or the fixed sterling amount.

  • Moving assets and the liabilities forward (or backwards) from the date of the Section 179 Valuation to the Output Date: • The assets (excluding any value attributed to an ABC Arrangement) are assumed to achieve returns in line with certain smoothed indices, allowance being made for how much of the Scheme’s assets are invested in equities, bonds etc.

  • The Object of Agreement has to meet the contractual specifica- tions.

Related to Section 179 Valuation

  • Excess valuation assets for a valuation period means, with

  • Initial Valuation means, when used with reference to specified Collateral, the Valuation initially performed for the Collateral as of the date on which the Collateral was added to the Collateral Pool. The Initial Valuation for each of the Initial Mortgaged Properties is as set forth in Exhibit A to the Agreement.

  • Exercise Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Exercise Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non-waivable by either the Issuer or the Holder.

  • Final Valuation Date means the Final Valuation Date as specified in § 1 of the Product and Underlying Data. If the Final Valuation Date is not a Calculation Date the immediately following Banking Day which is a Calculation Date shall be the Final Valuation Date.

  • ST Valuation Date means the Redemption Valuation Date.

  • SPS Valuation Date means the SPS FR Barrier Valuation Date or the Strike Date, as applicable.

  • Bid Valuation Date means May 10, 2010.

  • MFP Valuation Date means the MFP Settlement Valuation Date;

  • Valuation Cap means $8,000,000.

  • Initial Valuation Date means the Issue Date, provided that if such day is not an Exchange Business Day for a Share then the Initial Valuation Date for that Share will be the first succeeding day that is an Exchange Business Day, subject to the occurrence of a Market Disruption Event. See “DESCRIPTION OF THE NOTES – Market Disruption Event” below for further detail.