valuator definition

valuator means an actuary or any other person who, in the opinion of the registrar, has sufficient actuarial knowledge to perform the duties required of a valuator in terms of this Act.

valuator. , in relation to an insurer, means the valuator of the insurer contemplated in section 10 of the Insurance Act, 1943 (Act 27 of 1943).

valuator means an actuary or any other person who, in the opinion of the registrar, has sufficient actuarial knowledge to perform the duties required of a valuator in terms of this Act.(2) For the purpose of the application of the provisions of this Act in relation to an organization which is a pension fund organization in terms of paragraph (b) of the definition of "pension fundorganization" in subsection (1), any reference in this Act to a fund shall be construed as a reference to that fund or to the board of that fund, as circumstances may require.[subsection (2) substituted by section 1(f) of Act No 22 of 1996] 2. Application of Act‌

Examples of valuator in a sentence

• The fair market value arrived at by the Valuator shall be binding upon all of the parties hereto.

• The fees and disbursements of the Valuator shall be paid by the Corporation.

• The purchase price for Common Shares being purchased and sold pursuant to Article 6 shall be equal to the fair market value of all the Common Shares as determined by the Valuator, divided by the number of issued and outstanding Common Shares as of the date of the occurrence of the event giving rise to the purchase and sale of such shares and multiplied by the number of such shares being purchased and sold.

• The purchase price for Common Shares being purchased and sold pursuant to Article 6 or 7 shall be equal to the fair market value of all the Common Shares as determined by the Valuator, divided by the number of issued and outstanding Common Shares as of the date of the occurrence of the event giving rise to the purchase and sale of such shares and multiplied by the number of such shares being purchased and sold.

• If required, a Valuator shall be identified and appointed in the manner and on the basis set forth in Schedule 3.

More Definitions of valuator

valuator means a valuator referred to in section 24(1).

valuator means a firm of chartered accountants as represented by a fully qualified member of the Canadian Institute of Chartered Business Valuators;

valuator means an actuary or an expert who is a member of a category of professions or persons specified in the standards, appointed or retained as a valuator by a financial institution or financial intermediary or required by NAMFISA to make a valuation report with respect to a financial institution or financial intermediary; and

valuator means independent external valuator.

valuator means any legal or natural person or company valuing the assets or establishing the value of the shares or units of an AIF;

valuator means an actuary approved by the Registrar of Pension Funds contemplated in the Pension Funds Act, 1956 (Act No. 24 of 1956), as a valuator for the purposes of the valuation of retirement funds and appointed in terms of section 6(1).’’.

valuator means an actuary who has been appointed in terms of Section 22 of this Act.