Common use of Provision of Fund Documents for Paper Delivery Clause in Contracts

Provision of Fund Documents for Paper Delivery. The Fund and the Distributor shall: At their expense as specified in Schedule C of the Participation Agreement, as the Company may reasonably request from time to time, provide the Company with sufficient paper copies of the then current Fund Documents, so that the Company may maintain a supply of such current paper documents sufficient in its reasonable judgment to meet anticipated requests from Contract Owners (see paragraphs (i)(1) and (j)(3) of Rule 498A). Such Company requests shall be fulfilled reasonably promptly, but in no event more than 30 business days after the request from the Company is received by either the Fund or the Distributor. Alternatively, if requested by the Company in lieu thereof, the Fund or its designee shall provide such electronic or other documentation (including “camera ready” copies of the current Fund Documents as set in type, or at the request of the Company, a diskette in a form suitable to be sent to a financial printer, or an electronic copy in print ready PDF format), and such other assistance as is reasonably necessary to have the then current Fund Documents printed for distribution; the reasonable costs of providing the electronic documentation and of such printing to be borne by the Fund as specified in Schedule C of the Participation Agreement. The Fund and/or the Distributor shall reimburse the Company for the costs of mailing the Fund Documents to Contract Owners to the extent specified in Schedule C of the Participation Agreement. This reimbursement is in addition to, and not part of or in lieu of, the Website Hosting Fee specified above.

Appears in 4 contracts

Samples: Participation Agreement (PLICO Variable Annuity Account S), Fund Disclosure Documents (PLAIC Variable Annuity Account S), Participation Agreement (PLICO Variable Annuity Account S)

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Provision of Fund Documents for Paper Delivery. The Fund and the Distributor Underwriter shall: At their expense as specified in Schedule C of the Participation Agreementexpense, as the Company may reasonably request from time to time, provide the Company with sufficient paper copies of the then current Fund Documents, so that the Company may maintain a supply of such current paper documents sufficient in its reasonable judgment to meet anticipated requests from Contract Owners (see paragraphs (i)(1) and (j)(3) of Rule 498A). Such Company requests shall be fulfilled reasonably promptly, but in no event more than 30 business days after the request from the Company is received by either the Fund or the DistributorUnderwriter. Alternatively, if requested by the Company in lieu thereof, the Fund Underwriter or its designee shall provide such electronic or other documentation (including “camera ready” copies of the current Fund Documents as set in type, or at the request of the Company, a diskette in a form suitable to be sent to a financial printer, or an electronic copy in print ready PDF format), and such other assistance as is reasonably necessary to have the then current Fund Documents printed for distribution; the reasonable costs of providing the electronic documentation and of such printing to be borne by the Fund as specified in Schedule C of the Participation AgreementUnderwriter. The Fund and/or the Distributor Underwriter shall reimburse the Company for the costs of mailing the Fund Documents to Contract Owners to the extent specified in Schedule C of the Participation AgreementOwners. This reimbursement is in addition to, and not part of or in lieu of, the Website Hosting Fee specified above.

Appears in 1 contract

Samples: Participation Agreement (Protective Variable Annuity Separate Account)

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