Deposit. Principal Life agrees to accept, and the Agreement Holder agrees to pay or cause to be paid to Principal Life, for value on the Effective Date, the Net Deposit (as specified in the Annex). All funds received by Principal Life under this Agreement shall become the exclusive property of Principal Life and remain a part of Principal Life’s general account without any duty or requirement of segregation or separate investment. This Agreement shall become effective only upon the receipt by Principal Life or its designee of the Net Deposit.
Appears in 333 contracts
Samples: Funding Agreement (Principal Life Insurance Co), Funding Agreement (Principal Life Insurance Co), Funding Agreement (Principal Life Insurance Co)
Deposit. Principal Life agrees to accept, and the Agreement Holder agrees to pay or cause to be paid to Principal Life, for value on the Effective Date, the Net Deposit (as specified in the Annex). All funds received by Principal Life under this Agreement shall become the exclusive property of Principal Life and remain a part of Principal Life’s 's general account without any duty or requirement of segregation or separate investment. This Agreement shall become effective only upon the receipt by Principal Life or its designee of the Net Deposit.
Appears in 2 contracts
Samples: Global Funding Agreement (Principal Life Insurance Co), Funding Agreement (Principal Financial Group Inc)
