Examples of Seller Actuary in a sentence
The fees and expenses of the Seller Actuary will be borne by Seller.
The Buyer Actuary shall have access to the documentation and financial and accounting records of Seller and the Seller Actuary relating to the German Benefit Liability and have the reasonable cooperation of Seller and Seller Actuary as necessary to enable a proper review of the German Benefit Liability Report to be conducted.
Seller shall provide the Seller Actuary with all information the Seller Actuary reasonably requires in order to determine the German Benefit Liability.
To the extent that a dispute is unresolved after a thirty (30)-day period following identification of such dispute, such dispute shall be resolved by an independent actuarial firm selected jointly by the Purchaser’s actuary and the Seller Actuary.
The German Benefit Liability and the actuarial assumptions together with such information and other components used to calculate such amount as of the Closing shall be set forth by the Seller Actuary in a report (the “German Benefit Liability Report”).
All expenses of Seller and the Seller Actuary in calculating the German Benefit Liability and in preparing the German Benefit Liability Report shall be borne by Seller.
Within the later of (i) 60 days following receipt by the Purchaser Actuary of all Pension Calculation Information, and (ii) 15 days after receipt of all additional supporting documents requested within 30 days after the receipt of all Pension Calculation Information, Purchaser shall notify Seller in writing if the Purchaser Actuary disagrees with the determination of the Seller Actuary.
The Seller Actuary shall promptly (and in any event within 15 days following the date of a request) deliver to the Purchaser Actuary such additional supporting documents and information as the Purchaser Actuary may reasonably request.
Buyer will be responsible for the cost and expense of the Buyer Actuary and Parent will be responsible for the cost and expense for the Seller Actuary for such data transfer.
To the extent the Seller Actuary and the Purchaser Actuary cannot agree on a final Underfunded Pension Amount, a third party independent actuary (the “Third Party Actuary”) shall be jointly appointed by Purchaser and Seller, the findings of whom shall be binding on both parties and the cost of whom shall be borne equally by Purchaser and Seller.