Common use of Obligations of the Fund Clause in Contracts

Obligations of the Fund. (i) The Fund shall provide the Company with copies of the Summary Prospectus in the same manner and at the same time as the Agreement requires it to provide the Company with Statutory Prospectuses. (ii) The Fund shall be responsible for compliance with Rule 498(e). (iii) The Fund agree that the URL indicated on each Summary Prospectus will lead directly to the web page used for hosting Summary Prospectuses and that such web page will host the current Fund and Portfolio documents required to be posted in compliance with Rule 498. The Fund shall use its best efforts to promptly notify the Company of the unexpected interruptions in availability of this web page. The Fund agrees that the web page used for hosting Summary Prospectuses will not contain any marketing materials. (iv) At the Company’s request, the Fund will provide the Company with URLs to the current Fund and Portfolio documents for use with Company’s electronic delivery of Fund and Portfolio documents, or on the Company’s website. The Fund will be responsible for ensuring the integrity of the URLs and for maintaining the Fund and Portfolio documents on the website to which such URLs originally navigate. (v) The Company shall be permitted, but not required, in its sole discretion to post a copy of each Portfolio’s Statutory Prospectuses and/or Summary Prospectuses, SAI supplements, annual reports, and semi-annual reports on the Company’s website. Notwithstanding the foregoing, the Fund shall be and remain solely responsible for ensuring that the Fund complies with the requirement for hosting these documents under Rule 498. (vi) If the Fund determines that it will end its use of the Summary Prospectus delivery option, the Fund will use its best efforts to provide the Company with reasonable advance notice of its intent.

Appears in 9 contracts

Samples: Participation Agreement (Minnesota Life Individual Variable Universal Life Account), Participation Agreement (Variable Annuity Account), Participation Agreement (Minnesota Life Individual Variable Universal Life Account)

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Obligations of the Fund. (i1) The Fund shall provide the Company with copies of the Summary Prospectus Prospectuses in the same manner and at the same time as the Agreement requires it to provide the Company with Statutory Prospectuses. (ii2) The Fund shall be responsible for compliance with Rule 498(e). (iii3) The Fund agree agrees that the URL indicated on each Summary Prospectus will lead directly to the web page used for hosting Summary Prospectuses and that such web page will host the current Fund and Portfolio documents required to be posted in compliance with Rule 498. The Fund shall use its best efforts to promptly notify the Company of the unexpected interruptions in availability of this web page. The Fund agrees that the web landing page used for hosting Summary Prospectuses will not contain any marketing materialsmaterials for any variable or fixed annuity insurance product. (iv4) At the Company’s 's request, the Fund will provide the Company with URLs to the current Fund and Portfolio documents for use with Company’s 's electronic delivery of Fund and Portfolio documents, or on the Company’s 's website, and the Company shall not alter, in any way, such documents. The Fund will be responsible for ensuring the integrity of the URLs and for maintaining the Fund and Portfolio documents on the website to which such URLs originally navigate. (v5) The Provided that the immediately following representations, warranties and covenants are and continue to be true, the Company shall be permitted, but not required, in its sole discretion discretion, to post a copy of each the Portfolio’s 's Statutory Prospectuses and/or Summary Prospectuses, SAI statements of additional information, supplements, annual reports, and semi-annual reports on the Company’s 's website. The Company represents, warrants and covenants to the Fund and the Underwriter that the Company maintains (and will cause its agents, service providers and sub-contractors to maintain) written policies and procedures that are reasonably designed to ensure that the Portfolio's then current Summary Prospectus, Statutory Prospectus, and SAI, including any supplements thereto, and the Portfolio's most recent annual report and semi-annual report are posted to the Company's website, and that any non-current Statutory Prospectus, Summary Prospectus and SAI, including any supplements thereto, are promptly removed. Notwithstanding the foregoing, the Fund shall be and remain solely responsible for ensuring that the Fund complies with the requirement requirements for hosting these documents under Rule 498. (vi6) If the Fund determines that it will end its use of the Summary Prospectus delivery option, the Fund will use its best efforts to provide the Company with reasonable advance notice of its intent.

Appears in 4 contracts

Samples: Participation Agreement, Administrative Services Agreement, Pimco Administrative Services Agreement (Principal Life Insurance Co Separate Account B), Participation Agreement, Administrative Services Agreement, Pimco Administrative Services Agreement (Principal Life Insurance Co Separate Account B), Participation Agreement, Administrative Services Agreement, Pimco Administrative Services Agreement (Principal Life Insurance Co Variable Life Sep Account)

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