Common use of NOTIFICATION TO CONTRACTHOLDERS Clause in Contracts

NOTIFICATION TO CONTRACTHOLDERS. The Administrator agrees to send to the holders of Reinsured Contracts (the “Contractholders”) a written notice prepared by the Administrator and reasonably acceptable to the Company to the effect that the Administrator has been appointed by the Company to provide Administrative Services. The Administrator shall send such notice by mail at a time reasonably acceptable to the Company and the Administrator.

NOTIFICATION TO CONTRACTHOLDERS. The Administrator agrees to shall send to the holders of Reinsured Contracts (the “Contractholders”) applicable Contractholders a written notice prepared by the Administrator and reasonably acceptable to the applicable Company to the effect that the Administrator has been appointed by the such Company to provide Administrative ServicesServices with respect to the Administered Contracts. The Administrator shall send such notice by mail in a manner and at a time reasonably acceptable to the such Company and the Administrator and in all events in accordance with Applicable Law. The Administrator may include such notice in a regularly scheduled mailing to Contractholders in lieu of a separate mailing. Such notices shall be prepared and delivered at Administrator’s expense.