ResL definition
ResL means the value of the accrued liabilities under the Main Section using (as appropriate and unless NWPTL, after consulting with the Bank, instructs otherwise) roll-forward estimates from the most recently competed actuarial valuation of the Group Fund under Part 3 of the Pensions Act 2004 calculated by the Scheme Actuary on the SSL Basis, excluding any liabilities valued in the calculation of BuyinL; ResTPL means the value of the accrued liabilities under the Main Section using (as appropriate and unless NWPTL, after consulting with the Bank, instructs otherwise) roll-forward estimates from the most recently competed actuarial valuation of the Group Fund under Part 3 of the Pensions Act 2004 calculated by the Scheme Actuary on a technical provisions basis (as defined under the Statement of Funding Principles), excluding any liabilities valued in the calculation of BuyinL; RPI means the index of retail prices published by the Office of National Statistics, or any other suitable cost of living index selected by NWPTL subject to the Bank's consent (not to be unreasonably withheld); RTA means the value of the assets in the NatWest Pension Reservoir Trust as at the relevant Test Date, Final Test Date, or Payment Date (as appropriate) [less an amount equal to any Tax Liability that would arise (or a reasonable estimate of such Tax Liability at the relevant Test Date or Final Test Date) against the Reservoir Trustee or the Trust Property as a result of or in connection with the distribution of the assets in the NatWest Pension Reservoir Trust to any Beneficiary] [Note: tax provisions to be considered at Phase 2.]; Rules means the definitive trust deed and rules dated 13 April 2021 or such replacement trust deed and rules which govern the Main Section from time to time; Schedule of Contributions means the schedule of contributions in place in respect of the Main Section in force from time to time in accordance with Part 3 of the Pensions Act 2004;
ResL means Renewable Energy Services Ltd.;