Review and Renegotiation. From time to time, the Parties shall review the Website Hosting and Notice Fee to determine whether it reasonably approximates the Company’s incurred ‘hard’ external costs of posting, maintaining, and managing the Fund Documents on the website hosted by the Company and mailing notice of the availability of the Fund’s Reports to Contract Owners, pursuant to paragraph (c) of Rule 30e-3. The Parties agree to negotiate in good faith any change to the Website Hosting and Notice Fee proposed by a Party. In the event that Rule 30e-3 can no longer be relied upon by the Fund, the Distributor and/or the Fund shall cease bearing any costs related to the Website Hosting and Notice Fee and those costs will solely be borne by the Company under Rule 30e-3.
Appears in 15 contracts
Samples: Participation Agreement (Separate Account Va Bny), Participation Agreement (Separate Account Va B), Participation Agreement (Separate Account Va B)
