Fund. Upon receipt of the Net Deposit, Principal Life will establish, under this Agreement, a bookkeeping account in the name of the Agreement Holder, which will evidence Principal Life’s obligations under this Agreement. The Deposit deemed received (as specified in the Annex), (i) less any withdrawals to make payments hereunder and (ii) plus any interest accrued and premium, if any, pursuant to Section 7, will be referred to as the “Fund”. Principal Life is neither a trustee nor a fiduciary with respect to the Fund.
Appears in 211 contracts
Samples: MTN Global Funding Agreement (Principal Life Insurance Co), MTN Global Funding Agreement (Principal Life Income Fundings Trust 2006-13), MTN Global Funding Agreement (Principal Life Insurance Co)
Fund. Upon receipt of the Net Deposit, Principal Life will establish, under this Agreement, a bookkeeping account in the name of the Agreement Holder, which will evidence Principal Life’s obligations under this Agreement. The Deposit deemed received (as specified in the Annex), (i) less any withdrawals to make payments hereunder (other than Additional Amounts (as defined in the Annex), if applicable) and (ii) plus any interest accrued and premium, if any, pursuant to Section 7, will be referred to as the “Fund”. Principal Life is neither a trustee nor a fiduciary with respect to the Fund.
Appears in 104 contracts
Samples: MTN Global Funding Agreement (Principal Life Insurance Co), MTN Global Funding Agreement (Principal Life Insurance Co), MTN Global Funding Agreement (Principal Life Insurance Co)
Fund. Upon receipt of the Net Deposit, Principal Life will establish, under this Agreement, a bookkeeping account in the name of the Agreement Holder, which will evidence Principal Life’s 's obligations under this Agreement. The Deposit deemed received (as specified in the Annex), (i) less any withdrawals to make payments hereunder and (ii) plus any interest accrued and premium, if any, pursuant to Section 7, will be referred to as the “"Fund”. Principal Life is neither a trustee nor a fiduciary with respect to the Fund".
Appears in 1 contract
Samples: MTN Global Funding Agreement (Principal Financial Group Inc)