Common use of Nos Clause in Contracts

Nos. 1-5. Prior to such appointment, each member shall have 10 working days to state his opinion on the proposal for the actuary to be appointed. The appointment of the actuary shall apply for three years and shall be final. The actuary may demand that each licensee entitled to membership in the Industry Forum submit to the actuary such material and calculations as the actuary deems necessary for his performance of his duties under this Agreement. The cost related to the actuary shall be paid by OLF, which shall distribute a share on all licensees entitled to membership in the Industry Forum. The cost shall be distributed according to OLF’s norm of distribution as if all members of the Industry Forum were members of OLF.

Nos. 1-5. Prior to such appointment, each member shall have 10 working days to state his opinion on the proposal for the actuary to be appointed. The appointment of the actuary shall apply for three years and shall be final. The actuary may demand that each licensee entitled to membership in the Industry Forum submit to the actuary such material and calculations as the actuary deems necessary for his performance of his duties under this Attachment 1 – Accounting Agreement. The cost related to the actuary shall be paid by OLF, which shall distribute a share on all licensees entitled to membership in the Industry Forum. The cost shall be distributed according to OLF’s norm of distribution as if all members of the Industry Forum were members of OLF.