DELIVERY TO CONTRACT OWNERS. Each Portfolio, at its own expense or the expense of a person other than Company, shall provide Company copies, if and to the extent applicable, of such Portfolio’s proxy materials, in such quantities as Company shall reasonably require for distribution to Contract Owners. Company shall bear the costs of printing and distributing other documents, including but not limited to Periodic Reports, prospectuses and SAIs (including those intended for distribution to prospective purchasers or Contract Owners of existing variable contracts not allocated to a Portfolio). W&R and/or Ivy Funds VIP shall invoice Company the costs associated with printing the periodic reports and Company shall remit payment within thirty (30) days of receipt of such invoice. Company shall be responsible for maintaining procedures that are reasonably designed to ensure compliance with applicable law regarding delivery to Contract Owners whose variable contracts are allocated to a Portfolio of (i) Portfolio prospectuses and SAIs, including any annual revised copies of the prospectus and SAI and other revisions or supplements and (ii) Periodic Reports. W&R and/or Ivy Funds VIP shall be responsible for the timely delivery to Company of these documents so that Company may follow its procedures.
Appears in 4 contracts
Samples: Participation Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Participation Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Participation Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co)
