ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 Net Deposit: The Net Deposit is $2,855,320.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $2,890,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-73 5.50% Principal® Life CoreNotes® Due 2013 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx Xxxxxxxx Name: Dxxxx Xxxxxxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 127 Net Deposit: The Net Deposit is $~~2,855,320.00~~5,630,453. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~5,673,015. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX Title~~ XXXXXXXXXX Series of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~127 5.00% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative (defined in the Notes) of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to ~~repay~~repay in any calendar year: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM program~~ CoreNotes® Program and Secured Medium-Term Notes Retail Program as of the end of the most recent calendar year; Program and Secured Medium-Term Notes Retail Program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life ~~CoreNotesSM program~~ CoreNotes® Program and Secured Medium-Term Notes Retail Program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the later of the end of the most recent calendar ~~year~~year or the issuance date of such Series of Notes. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Series of Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 127 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~November 21, ~~2006~~2007. By: /s/ Dxxxx Xxxxxxxx Name: Dxxxx Xxxxxxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 12 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,074,944.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,088,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~12 5.40% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 12 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 50 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,977,011.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,999,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-73 50 5.50% Principal® Life CoreNotes® Due ~~2013~~ 2012 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 50 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 42 Net Deposit: The Net Deposit is $~~2,855,320.00~~5,167,932.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~5,236,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~42 6.10% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 42 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 29 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,881,780.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,896,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~29 5.00% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 29 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 53 Net Deposit: The Net Deposit is $~~2,855,320.00~~26,792,000.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~27,200,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~53 6.00% Principal® Life CoreNotes® Due ~~2013~~ 2016 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 53 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 63 Net Deposit: The Net Deposit is $~~2,855,320.00~~3,951,820.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~4,012,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~63 5.80% Principal® Life CoreNotes® Due ~~2013~~ 2016 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 63 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 88 Net Deposit: The Net Deposit is $~~2,855,320.00~~7,032,900.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~7,140,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-73 88 5.50% Principal® Life CoreNotes® Due ~~2013~~ 2016 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 88 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 14 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,644,573.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,657,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~14 5.25% Principal® Life CoreNotes® Due ~~2013~~ 2010 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 14 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Income Fundings Trust 2006-14)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 17 Net Deposit: The Net Deposit is $~~2,855,320.00~~799,955.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~806,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~17 5.30% Principal® Life CoreNotes® Due ~~2013~~ 2010 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 17 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Income Fundings Trust 2006-17)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 65 Net Deposit: The Net Deposit is $~~2,855,320.00~~3,967,740.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~4,020,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~65 5.75% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 65 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 111 Net Deposit: The Net Deposit is $~~2,855,320.00~~3,806,320.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~3,884,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~111 5.750% Principal® Life CoreNotes® Due ~~2013~~ 2022 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 111 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 88 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,719,120.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,740,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~88 5.500% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 88 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 49 Net Deposit: The Net Deposit is $~~2,855,320.00~~4,792,200.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~4,890,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~49 5.700% Principal® Life CoreNotes® Due ~~2013~~ 2022 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 49 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 69 Net Deposit: The Net Deposit is $~~2,855,320.00~~3,866,940.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~3,906,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~69 5.25% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 69 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 105 Net Deposit: The Net Deposit is $~~2,855,320.00~~2,842,476.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~2,877,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~105 5.550% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 105 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 59 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,161,888.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,176,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~59 5.55% Principal® Life CoreNotes® Due 2013 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 59 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 38 Net Deposit: The Net Deposit is $~~2,855,320.00.~~ 2,388,870.00 Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00.~~ 2,413,015.00 Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ 100000000 For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~38 5.75% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 38 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 86 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,539,555.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,563,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~86 5.750% Principal® Life CoreNotes® Due ~~2013~~ 2017 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 86 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 38 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,629,685.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,642,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~38 5.100% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 38 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 18 Net Deposit: The Net Deposit is $~~2,855,320.00~~2,086,230.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~2,118,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-73 18 5.50% Principal® Life CoreNotes® Due ~~2013~~ 2017 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 18 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 32 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,897,660.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,912,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~32 5.00% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 32 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 124 Net Deposit: The Net Deposit is $~~2,855,320.00~~9,490,728. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~9,606,015. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX Title~~ XXXXXXXXXX Series of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~124 5.5% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative (defined in the Notes) of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to ~~repay~~repay in any calendar year: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM program~~ CoreNotes® Program and Secured Medium-Term Notes Retail Program as of the end of the most recent calendar year; Program and Secured Medium-Term Notes Retail Program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life ~~CoreNotesSM program~~ CoreNotes® Program and Secured Medium-Term Notes Retail Program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the later of the end of the most recent calendar ~~year~~year or the issuance date of such Series of Notes. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Series of Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 124 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~November 21, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 12 Net Deposit: The Net Deposit is $~~2,855,320.00~~672,828.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~681,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~12 5.40% Principal® Life CoreNotes® Due 2013 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 12 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Income Fundings Trust 2006-12)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 89 Net Deposit: The Net Deposit is $~~2,855,320.00~~799,680.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~816,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~89 5.900% Principal® Life CoreNotes® Due ~~2013~~ 2022 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 89 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 Net Deposit: The Net Deposit is $~~2,855,320.00~~9,108,120.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~9,294,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-73 ~~5.50~~6.150% Principal® Life CoreNotes® Due ~~2013~~ 2022 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 18 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,899,975.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,925,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~18 5.75% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 18 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Income Fundings Trust 2006-18)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 25 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,905,975.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,935,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~25 5.40% Principal® Life CoreNotes® Due ~~2013~~ 2017 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 25 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 56 Net Deposit: The Net Deposit is $~~2,855,320.00~~10,458,360.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~10,564,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~56 5.40% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 56 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 81 Net Deposit: The Net Deposit is $~~2,855,320.00~~5,881,590.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~5,941,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~81 5.30% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 81 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 41 Net Deposit: The Net Deposit is $~~2,855,320.00~~470,445.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~474,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~41 5.000% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 41 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 54 Net Deposit: The Net Deposit is $~~2,855,320.00~~3,310,788.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~3,351,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~54 5.55% Principal® Life CoreNotes® Due 2013 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 54 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 34 Net Deposit: The Net Deposit is $~~2,855,320.00~~2,197,535.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~2,231,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-73 34 5.50% Principal® Life CoreNotes® Due ~~2013~~ 2017 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 34 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 17 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,334,788.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,351,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~17 5.25% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 17 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 25 Net Deposit: The Net Deposit is $~~2,855,320.00~~8,998,960.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~9,136,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ 100000000 For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~25 6.00% Principal® Life CoreNotes® Due ~~2013~~ 2016 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 25 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 89 Net Deposit: The Net Deposit is $~~2,855,320.00~~3,900,600.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~3,940,015.00. Bank and ~~Account:~~ Wxxxx Fargo Bank Iowa, N.A. Account: ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~89 5.00% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 89 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx Xxxxxxxx Name: Dxxxx Xxxxxxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 77 Net Deposit: The Net Deposit is $~~2,855,320.00~~7,943,040.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~8,064,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~77 5.80% Principal® Life CoreNotes® Due ~~2013~~ 2016 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 77 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 29 Net Deposit: The Net Deposit is $~~2,855,320.00~~3,188,997.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~3,231,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ 100000000 For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~29 5.80% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 29 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 119 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,800,395. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,814,015. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~119 4.65% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative (defined in the Notes) of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to ~~repay~~repay in any calendar year: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 119 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~November 21, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 123 Net Deposit: The Net Deposit is $~~2,855,320.00~~17,034,278. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~17,163,015. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX Title~~ XXXXXXXXXX Series of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~123 5.0% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative (defined in the Notes) of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to ~~repay~~repay in any calendar year: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM program~~ CoreNotes® Program and Secured Medium-Term Notes Retail Program as of the end of the most recent calendar year; Program and Secured Medium-Term Notes Retail Program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life ~~CoreNotesSM program~~ CoreNotes® Program and Secured Medium-Term Notes Retail Program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the later of the end of the most recent calendar ~~year~~year or the issuance date of such Series of Notes. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Series of Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 123 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~November 21, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 84 Net Deposit: The Net Deposit is $~~2,855,320.00~~6,162,828.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~6,244,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ XXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~84 5.45% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 84 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 34 Net Deposit: The Net Deposit is $~~2,855,320.00~~7,791,350.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~7,910,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ 100000000 For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~34 6.00% Principal® Life CoreNotes® Due ~~2013~~ 2016 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 34 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 54 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,106,427.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,121,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~54 5.500% Principal® Life CoreNotes® Due ~~2013~~ 2015 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 54 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx Xxxxxxxx Name: Dxxxx Xxxxxxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 51 Net Deposit: The Net Deposit is $~~2,855,320.00~~2,346,270.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~2,382,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~51 5.650% Principal® Life CoreNotes® Due ~~2013~~ 2017 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 51 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 84 Net Deposit: The Net Deposit is $~~2,855,320.00~~4,608,940.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~4,703,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~84 6.000% Principal® Life CoreNotes® Due ~~2013~~ 2022 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 84 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006-73~~ 19 Net Deposit: The Net Deposit is $~~2,855,320.00~~300,000,000.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~300,000,015.00. Bank and Account: Bank: Wxxxx Fargo ~~Bank Iowa~~Bank, ~~N.A.~~ N.A ABA No.: ~~XXXXXXXXX~~ XXXXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~19 Secured Medium-~~73 5.50% Principal® Life CoreNotes®~~ Term Notes Due ~~2013 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default~~November 15, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; 2007 • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx~~ Rxxxx X. ~~Xxxxxx~~ Xxx Name: ~~Cxxxxxxxxxx~~ Rxxxx X. ~~Xxxxxx~~ Xxx Title: ~~Officer~~ Director PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006-73~~ 19 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, ~~2006.~~ 2006 By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 63 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,408,888.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,426,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~63 5.750% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 63 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 41 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,087,020.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,098,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~41 5.80% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 41 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 56 Net Deposit: The Net Deposit is $~~2,855,320.00~~930,965.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~938,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~56 5.250% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 56 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 31 Net Deposit: The Net Deposit is $~~2,855,320.00~~2,454,620.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~2,492,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~31 5.40% Principal® Life CoreNotes® Due ~~2013~~ 2017 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY ByBy : /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx ~~Title~~Title : Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 31 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. ByBy : /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 43 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,170,120.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,194,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~43 5.650% Principal® Life CoreNotes® Due ~~2013~~ 2022 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 43 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 42 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,492,275.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,515,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~42 5.450% Principal® Life CoreNotes® Due ~~2013~~ 2017 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 42 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 31 Net Deposit: The Net Deposit is $~~2,855,320.00~~824,670.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~833,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ 100000000 For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ 0000901239 Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~31 5.55% Principal® Life CoreNotes® Due ~~2013~~ 2011 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 31 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 120 Net Deposit: The Net Deposit is $~~2,855,320.00~~3,391,804 . Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~3,433,015 . Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~120 5.05% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative (defined in the Notes) of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to ~~repay~~repay in any calendar year: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 120 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~November 21, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 30 Net Deposit: The Net Deposit is $~~2,855,320.00~~464,520.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~474,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ 100000000 For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~30 6.00% Principal® Life CoreNotes® Due ~~2013~~ 2021 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 30 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 86 Net Deposit: The Net Deposit is $~~2,855,320.00~~3,363,750.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~3,450,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~86 5.75% Principal® Life CoreNotes® Due ~~2013~~ 2026 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 86 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 32 Net Deposit: The Net Deposit is $~~2,855,320.00~~5,302,255.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~5,383,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: ~~XXXXXXXXX~~ 100000000 For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~32 6.05% Principal® Life CoreNotes® Due ~~2013~~ 2016 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 32 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 129 Net Deposit: The Net Deposit is $~~2,855,320.00~~9,639,210. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~9,786,015. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX Title~~ XXXXXXXXXX Series of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~129 5.85% Principal® Life CoreNotes® Due ~~2013~~ 2017 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative (defined in the Notes) of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to ~~repay~~repay in any calendar year: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM program~~ CoreNotes® Program and Secured Medium-Term Notes Retail Program as of the end of the most recent calendar year; Program and Secured Medium-Term Notes Retail Program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life ~~CoreNotesSM program~~ CoreNotes® Program and Secured Medium-Term Notes Retail Program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the later of the end of the most recent calendar ~~year~~year or the issuance date of such Series of Notes. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Series of Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 129 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~November 21, ~~2006~~2007. By: /s/ Dxxxx Xxxxxxxx Name: Dxxxx Xxxxxxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust 2006-73 51 Net Deposit: The Net Deposit is $~~2,855,320.00~~15,472,380.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~15,708,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #XXXXXXXXX Title of Notes: Principal Life Income Fundings Trust 2006-~~73 5.50~~51 6.00% Principal® Life CoreNotes® Due ~~2013~~ 2016 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST 2006-73 51 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 53 Net Deposit: The Net Deposit is $~~2,855,320.00~~1,087,020.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,098,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~53 5.200% Principal® Life CoreNotes® Due ~~2013~~ 2012 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 53 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ Dxxxx Xxxxxxxx Name: Dxxxx Xxxxxxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 108 Net Deposit: The Net Deposit is $~~2,855,320.00~~7,207,245.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~7,317,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~108 5.600% Principal® Life CoreNotes® Due ~~2013~~ 2017 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 108 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~March 2, ~~2006~~2007. By: /s/ ~~Dxxxx Xxxxxxxx~~ Cxxxx X. Dxxx Name: ~~Dxxxx Xxxxxxxx~~ Cxxxx X. Dxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 19 Net Deposit: The Net Deposit is $~~2,855,320.00~~998,868.00. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~1,011,015.00. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~19 5.25% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to repay: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life CoreNotesSM program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ Cxxxxxxxxxx X. Xxxxxx Name: Cxxxxxxxxxx X. Xxxxxx Title: Officer PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 19 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated February 16, 2006. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: MTN Global Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 128 Net Deposit: The Net Deposit is $~~2,855,320.00~~7,033,572. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~7,119,015. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX Title~~ XXXXXXXXXX Series of Notes: Principal Life Income Fundings Trust ~~2006~~2007-73 128 5.50% Principal® Life CoreNotes® Due ~~2013~~ 2014 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative (defined in the Notes) of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to ~~repay~~repay in any calendar year: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM program~~ CoreNotes® Program and Secured Medium-Term Notes Retail Program as of the end of the most recent calendar year; Program and Secured Medium-Term Notes Retail Program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life ~~CoreNotesSM program~~ CoreNotes® Program and Secured Medium-Term Notes Retail Program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the later of the end of the most recent calendar ~~year~~year or the issuance date of such Series of Notes. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Series of Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 128 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~November 21, ~~2006~~2007. By: /s/ Dxxxx Xxxxxxxx Name: Dxxxx Xxxxxxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

ANNEX. This Annex will become effective as of the Effective Date, subject to the requirements of Section 1. Trust: Principal Life Income Fundings Trust ~~2006~~2007-73 121 Net Deposit: The Net Deposit is $~~2,855,320.00~~3,071,230. Deposit: Regardless of the amount of the Net Deposit, the Deposit is deemed to be $~~2,890,015.00~~3,118,015. Bank and Account: Wxxxx Fargo Bank Iowa, N.A. ABA No.: XXXXXXXXX For credit to Principal Life Insurance Company Account #~~XXXXXXXXX~~ XXXXXXXXXX Title of Notes: Principal Life Income Fundings Trust ~~2006~~2007-~~73 5.50~~121 5.4% Principal® Life CoreNotes® Due ~~2013~~ 2017 Survivor’s Option: Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative (defined in the Notes) of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”). Except as provided below, upon the tender to and acceptance by Principal Life of this Agreement (or portion thereof) securing the Notes as to which the Survivor’s Option has been exercised, Principal Life shall repay to the Agreement Holder the amount of the Fund equal to (i) 100% of the principal amount of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued and unpaid interest on such amount to the date of repayment, or (ii) in the case of Discount Notes, the Issue Price of the Notes as to which the Survivor’s Option has been validly exercised and accepted, plus accrued discount and any accrued and unpaid interest on such amount to the date of repayment. However, Principal Life shall not be obligated to ~~repay~~repay in any calendar year: • more than the greater of $2,000,000 or 2% of the aggregate deposit for all funding agreement contracts securing all outstanding notes issued under the Principal® Life ~~CoreNotesSM~~ CoreNotessm program as of the end of the most recent calendar year; • more than $250,000 in aggregate deposit of funding agreement contracts securing outstanding notes issued under the Principal® Life CoreNotesSM program as to which the Survivor’s Option has been exercised on behalf of any single beneficial owner in any calendar year; or • more than 2% of the Deposit under this Agreement which secures the related Notes, as of the end of the most recent calendar year. Principal Life shall not make repayments pursuant to the Agreement Holder’s request for repayment upon exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of this Agreement, the principal amount of this Agreement remaining outstanding after repayment must be at least $1,000 (the minimum authorized denomination of this Agreement). A request for repayment by the Agreement Holder upon an otherwise valid election to exercise the Survivor’s Option may not be withdrawn. This Agreement (or portion thereof) accepted for repayment shall be repaid on the first Interest Payment Date for the related Notes that occurs 20 or more calendar days after the date of such acceptance. In order to obtain repayment of this Agreement (or portion thereof) upon exercise of the Survivor’s Option, the Agreement Holder must provide to Principal Life (i) a written request for repayment signed by the Agreement Holder, and (ii) any additional information Principal Life requires to evidence satisfaction of any conditions to the repayment of this Agreement (or portion thereof). PRINCIPAL LIFE INSURANCE COMPANY By: /s/ ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Name: ~~Cxxxxxxxxxx X.~~ Mxxxxxx Xxxxxx Title: ~~Officer~~ Associate Actuary PRINCIPAL LIFE INCOME FUNDINGS TRUST ~~2006~~2007-73 121 By: U.S. Bank Trust National Association, not in its individual capacity, but solely in its capacity as trustee By: Bankers Trust Company, N.A., under Limited Power of Attorney, dated ~~February 16~~November 21, ~~2006~~2007. By: /s/ Dxxxx ~~Xxxxxxxx~~ X. Xxxx Name: Dxxxx ~~Xxxxxxxx~~ X. Xxxx Title: Vice President

Appears in 1 contract

Samples: Funding Agreement (Principal Life Insurance Co)

Common use of ANNEX Clause in Contracts