Common use of Summary Prospectus Clause in Contracts

Summary Prospectus. Should AVIF(IVIF) and TALIC desire to distribute the prospectuses of the funds within AVIF(IVIF) pursuant to Rule 498 of the Securities Act of 1933, as amended. ("Rule 498"), the roles and responsibilities of the Parties to the Agreement (the "Parties"), for complying with Rule 498 and other applicable laws, are set forth as follows: (a) For purposes of this Section, the terms "Summary Prospectus" and "Statutory Prospectus" shall have the same meaning as set forth in Rule 498. PAA·AMD10-TALIC (05-01-13) (b) AVIF(IVIF) shall provide, or cause to provide, TALIC with copies of the Summary Prospectuses in the same manner and at the same times as the Partciaption Agreement requires that AVIF(IVIF) provide TALIC with Statutory Prospectuses. If AVIF(IVIF) makes any changes to the Summary Prospectus by way of filing pursuant to Rule 497 under the Securities Act of 1933, unless the Parties agree oterhwise. AVIF(IVIF) shall, instead of providing TALIC with a revised Summary Prospectus, provide TALIC with a supplement setting forth the changes in the Rule 497 filing. (c) AVIF(IVIF) and/or Invesco shall be responsible for compliance with Rule 498(e). (d) AVIF(IVIF) and Invesco each represent and warrant that the Summary Prospectus and the web site hosting of such Summary prospectuses will comply with the requirement of Rule 498 applicable to AVIF(IVIF) and its series. AVIF(IVIF) further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498. (e) AVIF(IVIF) and Invesco each agree that the URL indicated on each Summary Prospectus will lead contract owners directly to the web page used for hosting Summary Prospectuses (“Landing Page”) and that such Landing Page will host the current AVIP(IVIF) and series’ documents required to be posted in compliance with Rule 498. AVIF(IVIF) shall promptly notify TSLIC of any interruption in the availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement. (f) AVIF(IVIF) and Invesco represent and warrant that they will be responsible for compliance with the provisions of Rule 498(f)(1) involving contract owner requests for additional Trust documents made directly to AVIF(IVIF). AVIF(IVIF) and Invesco further represent and warrant that any information obtained about contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Trust documents. (g) TALIC represent and warrants that it will respond to requests for additional fund documents made by contract owners directly to the TALIC or one of its affiliates. (h) TALIC represents and warrants that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498. (i) If AVIF(IVIF) determines that it will end its use of the Summary Prospectus delivery option, AVIF(IVIF) and Invesco will provide the TALIC with at least 90 days advance notice of its intent. (j) The Parties agree that the TALIC is not required to distribute Summary Prospectuses to its contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the TALIC. The TALIC agrees that it will give Invesco and AVIF(IVIF) reasonable notice of its intended use of the Summary Prospectuses or the Statutory Prospectuses. (k) The Parties agree that all other provisions of the Participation Agreement, including the Indemnification provisions, will apply to the terms of this Section 21., as applicable. 4. The existing third “WHEREAS” clause is deleted in its entirety and replaced with the following.

Appears in 1 contract

Samples: Participation Agreement (Merrill Lynch Life Variable Life Separate Account Ii)

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Summary Prospectus. Should AVIF(IVIFAVIF (IVIF) and TALIC LIFE COMPANY desire to distribute the prospectuses of the funds within AVIF(IVIFAVIF (IVIF) pursuant to Rule 498 of the Securities Act of 1933, as amended. , ("Rule 498"), the roles and responsibilities of the Parties to the Agreement (the "Parties"), for complying with Rule 498 and other applicable laws, are set forth as follows: (a) For purposes of this SectionSection 23., the terms "Summary Prospectus" and "Statutory Prospectus" shall have the same meaning as set forth in Rule 498. PAA·AMD10-TALIC (05-01-13). (b) AVIF(IVIFAVIF (IVIF) shall provide, or cause to provide, TALIC LIFE COMPANY with copies of the Summary Prospectuses in the same manner and at the same times as the Partciaption Participation Agreement requires that AVIF(IVIFAVIF (IVIF) provide TALIC LIFE COMPANY with Statutory Prospectuses. If AVIF(IVIFAVIF (IVIF) makes any changes to the Summary Prospectus by way of a filing pursuant to Rule 497 under the Securities Act of 1933, unless the Parties agree oterhwise. AVIF(IVIFotherwise, AVIF (IVIF) shall, instead of providing TALIC LIFE COMPANY with a revised Summary Prospectus, provide TALIC LIFE COMPANY with a supplement setting forth the changes in the Rule 497 filing. (c) AVIF(IVIFAVIF (IVIF) and/or Invesco shall be responsible for compliance with Rule 498(e). (d) AVIF(IVIFAVIF (IVIF) represents and Invesco each represent and warrant warrants that the Summary Prospectus Prospectuses and the web site hosting of such Summary prospectuses Prospectuses will comply with the requirement requirements of Rule 498 applicable to AVIF(IVIFAVIF (IVIF) and its series. AVIF(IVIFAVIF (IVIF) further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498. (e) AVIF(IVIFAVIF (IVIF) and Invesco each agree agrees that the URL indicated on each Summary Prospectus will lead policyholders/contract owners directly to the web page used for hosting Summary Prospectuses (“Landing Page”) and that such Landing Page will host the current AVIP(IVIFAVIF (IVIF) and series’ documents required to be posted in compliance with Rule 498. AVIF(IVIFAVIF (IVIF) shall promptly notify TSLIC LIFE COMPANY of any interruption interruptions in the availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement. (f) AVIF(IVIFAVIF (IVIF) represents and Invesco represent and warrant warrants that they will be responsible for compliance with the provisions of Rule 498(f)(1498(f)(i) involving policyholder/contract owner requests for additional Trust AVIF (IVIF) documents made directly to AVIF(IVIFAVIF (IVIF). AVIF(IVIFAVIF (IVIF) and Invesco further represent represents and warrant that any information obtained about policyholders/contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Trust AVIF (IVIF) documents. (g) TALIC represent LIFE COMPANY represents and warrants that it will respond to requests for additional fund documents made by policyholders/contract owners directly to the TALIC LIFE COMPANY or one of its affiliates. (h) TALIC LIFE COMPANY represents and warrants that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498. (i) If AVIF(IVIFAVIF (IVIF) determines that it will end its use of the Summary Prospectus delivery option, AVIF(IVIFAVIF (IVIF) and Invesco will provide the TALIC LIFE COMPANY with at least 90 days days’ advance notice of its intent. (j) The Parties agree that the TALIC LIFE COMPANY is not required to distribute Summary Prospectuses to its policyholders/contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the TALICLIFE COMPANY. The TALIC LIFE COMPANY agrees that it will give Invesco and AVIF(IVIFAVIF (IVIF) reasonable notice of its intended use of the Summary Prospectuses or the Statutory Prospectuses. (k) The Parties agree that all other provisions of the Participation Agreement, including including, the Indemnification provisions, will apply to the terms of this Section 2123., as applicable. 4. The existing third “WHEREAS” clause is deleted All other terms and provisions of the Agreement not amended herein shall remain in its entirety full force and replaced with the following.effect. Effective date: May 1, 2013 By: /s/ Xxxx X. Xxxx Name: Xxxx X. Xxxx Title: Senior Vice President By: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx Title: Vice President By: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx Title: Assistant Vice President

Appears in 1 contract

Samples: Participation Agreement (Separate Account Va B)

Summary Prospectus. Should AVIF(IVIF) and TALIC desire to distribute the prospectuses of the funds within AVIF(IVIF) pursuant to Rule 498 of the Securities Act of 1933, as amended. , ("Rule 498"), the roles and responsibilities of the Parties to the Agreement (the "Parties"), for complying with Rule 498 and other applicable laws, are set forth as follows: (a) For purposes of this Section, the terms "Summary Prospectus" and "Statutory Prospectus" shall have the same meaning as set forth in Rule 498. PAA·AMD10PAA-AMD10-TALIC (05-01-13)) 2 (b) AVIF(IVIF) shall provide, or cause to provide, TALIC with copies of the Summary Prospectuses in the same manner and at the same times as the Partciaption Participation Agreement requires that AVIF(IVIF) provide TALIC with Statutory Prospectuses. If AVIF(IVIF) makes any changes to the Summary Prospectus by way of a filing pursuant to Rule 497 under the Securities Act of 1933, unless the Parties agree oterhwise. otherwise, AVIF(IVIF) shall, instead of providing TALIC with a revised Summary Prospectus, provide TALIC with a supplement setting forth the changes in the Rule 497 filing. (c) AVIF(IVIF) and/or Invesco shall be responsible for compliance with Rule 498(e). (d) AVIF(IVIF) and Invesco each represent and warrant that the Summary Prospectus Prospectuses and the web site hosting of such Summary prospectuses Prospectuses will comply with the requirement requirements of Rule 498 applicable to AVIF(IVIF) and its series. AVIF(IVIF) further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498. (e) AVIF(IVIF) and Invesco each agree that the URL indicated on each Summary Prospectus will lead contract owners directly to the web page used for hosting Summary Prospectuses (“Landing Page”) and that such Landing Page will host the current AVIP(IVIFAVIF(IVIF) and series’ documents required to be posted in compliance incompliance with Rule 498. AVIF(IVIF) shall promptly notify TSLIC TALIC of any interruption interruptions in the availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement. (f) AVIF(IVIF) and Invesco represent and warrant that they will be responsible for compliance with the provisions of Rule 498(f)(1) involving contract owner requests for additional Trust documents made directly to AVIF(IVIF). AVIF(IVIF) and Invesco further represent and warrant that any information obtained about contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Trust documents. (g) TALIC represent represents and warrants that it will respond to requests for additional fund documents made by contract owners directly to the TALIC or one of its affiliates. (h) TALIC represents and warrants that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498. (i) If AVIF(IVIF) determines that it will end its use of the Summary Prospectus delivery option, AVIF(IVIF) and Invesco will provide the TALIC with at least 90 days advance notice of its intent. (j) The Parties agree that the TALIC is not required to distribute Summary Prospectuses to its contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the TALIC. The TALIC agrees that it will give Invesco and AVIF(IVIF) reasonable notice of its intended use of the Summary Prospectuses or the Statutory Prospectuses. (k) The Parties agree that all other provisions of the Participation Agreement, including the Indemnification provisions, will apply to the terms of this Section 21., as applicable.. PAA-AMD10-TALIC (05-01-13) 3 4. The existing third “WHEREAS” clause is deleted in its entirety and replaced with the following.:

Appears in 1 contract

Samples: Participation Agreement (Merrill Lynch Life Variable Annuity Separate Account A)

Summary Prospectus. Should AVIF(IVIFAVIF (IVIF) and TALIC LIFE COMPANY desire to distribute the prospectuses of the funds within AVIF(IVIFAVIF (IVIF) pursuant to Rule 498 of the Securities Act of 1933, as amended. , ("Rule 498"), the roles and responsibilities of the Parties to the Agreement (the "Parties"), for complying with Rule 498 and other applicable laws, are set forth as follows: (a) For purposes of this SectionSection 23., the terms "Summary Prospectus" and "Statutory Prospectus" shall have the same meaning as set forth in Rule 498. PAA·AMD10-TALIC (05-01-13). (b) AVIF(IVIFAVIF (IVIF) shall provide, or cause to provide, TALIC LIFE COMPANY with copies of the Summary Prospectuses in the same manner and at the same times as the Partciaption Participation Agreement requires that AVIF(IVIFAVIF (IVIF) provide TALIC LIFE COMPANY with Statutory Prospectuses. If AVIF(IVIFAVIF (IVIF) makes any changes to the Summary Prospectus by way of a filing pursuant to Rule 497 under the Securities Act of 1933, unless the Parties agree oterhwise. AVIF(IVIFotherwise, AVIF (IVIF) shall, instead of providing TALIC LIFE COMPANY with a revised Summary Prospectus, provide TALIC LIFE COMPANY with a supplement setting forth the changes in the Rule 497 filing. (c) AVIF(IVIFAVIF (IVIF) and/or Invesco the UNDERWRITER shall be responsible for compliance with Rule 498(e). (d) AVIF(IVIFAVIF (IVIF) and Invesco UNDERWRITER each represent and warrant that the Summary Prospectus Prospectuses and the web site hosting of such Summary prospectuses Prospectuses will comply with the requirement requirements of Rule 498 applicable to AVIF(IVIFAVIF (IVIF) and its series. AVIF(IVIFAVIF (IVIF) further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498. (e) AVIF(IVIFAVIF (IVIF) and Invesco UNDERWRITER each agree that the URL indicated on each Summary Prospectus will lead policyholders/contract owners directly to the web page used for hosting Summary Prospectuses (“Landing Page”) and that such Landing Page will host the current AVIP(IVIFAVIF (IVIF) and series’ documents required to be posted in compliance with Rule 498. AVIF(IVIF) shall promptly notify TSLIC of any interruption in the availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement. (f) AVIF(IVIFAVIF (IVIF) and Invesco UNDERWRITER represent and warrant that they will be responsible for compliance with the provisions of Rule 498(f)(1498(f)(i) involving policyholder/contract owner requests for additional Trust AVIF (IVIF) documents made directly to AVIF(IVIFAVIF (IVIF). AVIF(IVIFAVIF (IVIF) and Invesco UNDERWRITER further represent and warrant that any information obtained about policyholders/contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Trust AVIF (IVIF) documents. (g) TALIC represent LIFE COMPANY represents and warrants that it will respond to requests for additional fund documents made by policyholders/contract owners directly to the TALIC LIFE COMPANY or one of its affiliates. (h) TALIC LIFE COMPANY represents and warrants that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498. (i) If AVIF(IVIFAVIF (IVIF) determines that it will end its use of the Summary Prospectus delivery option, AVIF(IVIFAVIF (IVIF) and Invesco UNDERWRITER will provide the TALIC LIFE COMPANY with at least 90 days days’ advance notice of its intent. (j) The Parties agree that the TALIC LIFE COMPANY is not required to distribute Summary Prospectuses to its policyholders/contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the TALICLIFE COMPANY. The TALIC LIFE COMPANY agrees that it will give Invesco UNDERWRITER and AVIF(IVIFAVIF (IVIF) reasonable notice of its intended use of the Summary Prospectuses or the Statutory Prospectuses. (k) The Parties agree that all other provisions of the Participation Agreement, including including, the Indemnification provisions, will apply to the terms of this Section 2123., as applicable. 4. The existing third “WHEREAS” clause is deleted in its entirety and replaced with the following.

Appears in 1 contract

Samples: Participation Agreement (Aim Variable Insurance Funds (Invesco Variable Insurance Funds))

Summary Prospectus. Should AVIF(IVIF) and TALIC desire to distribute the prospectuses of the funds within AVIF(IVIF) pursuant to Rule 498 of the Securities Act of 1933, as amended. , ("Rule 498"), the roles and responsibilities of the Parties to the Agreement (the "Parties"), for complying with Rule 498 and other applicable laws, are set forth as follows: (a) For purposes of this Section, the terms "Summary Prospectus" and "Statutory Prospectus" shall have the same meaning as set forth in Rule 498. PAA·AMD10PAA-AMD10-TALIC (05-01-13) (b) AVIF(IVIF) shall provide, or cause to provide, TALIC with copies of the Summary Prospectuses in the same manner and at the same times as the Partciaption Participation Agreement requires that AVIF(IVIF) provide TALIC with Statutory Prospectuses. If AVIF(IVIF) makes any changes to the Summary Prospectus by way of a filing pursuant to Rule 497 under the Securities Act of 1933, unless the Parties agree oterhwise. otherwise, AVIF(IVIF) shall, instead of providing TALIC with a revised Summary Prospectus, provide TALIC with a supplement setting forth the changes in the Rule 497 filing. (c) AVIF(IVIF) and/or Invesco shall be responsible for compliance with Rule 498(e). (d) AVIF(IVIF) and Invesco each represent and warrant that the Summary Prospectus Prospectuses and the web site hosting of such Summary prospectuses Prospectuses will comply with the requirement requirements of Rule 498 applicable to AVIF(IVIF) and its series. AVIF(IVIF) further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498. (e) AVIF(IVIF) and Invesco each agree that the URL indicated on each Summary Prospectus will lead contract owners directly to the web page used for hosting Summary Prospectuses (“Landing Page”) and that such Landing Page will host the current AVIP(IVIFAVIF(IVIF) and series’ documents required to be posted in compliance incompliance with Rule 498. AVIF(IVIF) shall promptly notify TSLIC TALIC of any interruption interruptions in the availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement. (f) AVIF(IVIF) and Invesco represent and warrant that they will be responsible for compliance with the provisions of Rule 498(f)(1) involving contract owner requests for additional Trust documents made directly to AVIF(IVIF). AVIF(IVIF) and Invesco further represent and warrant that any information obtained about contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Trust documents. (g) TALIC represent represents and warrants that it will respond to requests for additional fund documents made by contract owners directly to the TALIC or one of its affiliates. (h) TALIC represents and warrants that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498. (i) If AVIF(IVIF) determines that it will end its use of the Summary Prospectus delivery option, AVIF(IVIF) and Invesco will provide the TALIC with at least 90 days advance notice of its intent. (j) The Parties agree that the TALIC is not required to distribute Summary Prospectuses to its contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the TALIC. The TALIC agrees that it will give Invesco and AVIF(IVIF) reasonable notice of its intended use of the Summary Prospectuses or the Statutory Prospectuses. (k) The Parties agree that all other provisions of the Participation Agreement, including the Indemnification provisions, will apply to the terms of this Section 21., as applicable.. PAA-AMD10-TALIC (05-01-13) 4. The existing third “WHEREAS” clause is deleted in its entirety and replaced with the following.:

Appears in 1 contract

Samples: Participation Agreement (Merrill Lynch Life Variable Annuity Separate Account A)

Summary Prospectus. Should AVIF(IVIFAVIF (IVIF) and TALIC Life Company desire to distribute the prospectuses of the funds within AVIF(IVIFAVIF (IVIF) pursuant to Rule 498 of the Securities Act of 1933, as amended. , ("Rule 498"), the roles and responsibilities of the Parties to the Agreement (the "Parties"), for complying with Rule 498 and other applicable laws, are set forth as follows: (a) For purposes of this Section, the terms "Summary Prospectus" and "Statutory Prospectus" shall have the same meaning as set forth in Rule 498. PAA·AMD10-TALIC (05-01-13). (b) AVIF(IVIFAVIF (IVIF) shall provide, or cause to provide, TALIC LIFE COMPANY with copies of the Summary Prospectuses in the same manner and at the same times as the Partciaption Participation Agreement requires that AVIF(IVIFAVIF (IVIF) provide TALIC LIFE COMPANY with Statutory Prospectuses. If AVIF(IVIFAVIF (IVIF) makes any changes to the Summary Prospectus by way of a filing pursuant to Rule 497 under the Securities Act of 1933, unless the Parties agree oterhwise. AVIF(IVIFotherwise, AVIF (IVIF) shall, instead of providing TALIC LIFE COMPANY with a revised Summary Prospectus, provide TALIC LIFE COMPANY with a supplement setting forth the changes in the Rule 497 filing. (c) AVIF(IVIFAVIF (IVIF) and/or Invesco shall be responsible for compliance with Rule 498(e). (d) AVIF(IVIFAVIF (IVIF) represents and Invesco each represent and warrant warrants that the Summary Prospectus Prospectuses and the web site hosting of such Summary prospectuses Prospectuses will comply with the requirement requirements of Rule 498 applicable to AVIF(IVIF) and its series. AVIF(IVIF) further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498. (e) AVIF(IVIFAVIF (IVIF) and Invesco each agree agrees that the URL indicated on each Summary Prospectus will lead contract owners directly to the web page used for hosting Summary Prospectuses (“Landing Page”) and that such Landing Page will host the current AVIP(IVIFAVIF (IVIF) and series’ documents required to be posted in compliance incompliance with Rule 498. AVIF(IVIFAVIF (IVIF) shall promptly immediately notify TSLIC Life Company of any interruption interruptions in the availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement. (f) AVIF(IVIFAVIF (IVIF) represents and Invesco represent and warrant warrants that they it will be responsible for compliance with the provisions of Rule 498(f)(1) involving contract owner requests for additional Trust AVIF (IVIF) documents made directly to AVIF(IVIFAVIF (IVIF). AVIF(IVIFAVIF (IVIF) further represents and Invesco further represent and warrant warrants that any information obtained about contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Trust AVIF (IVIF) documents. (g) TALIC represent LIFE COMPANY represents and warrants that it will respond to requests for additional fund documents made by contract owners directly to the TALIC LIFE COMPANY or one of its affiliates. (h) TALIC LIFE COMPANY represents and warrants that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498. (i) If AVIF(IVIFAVIF (IVIF) determines that it will end its use of the Summary Prospectus delivery option, AVIF(IVIF) and Invesco will provide the TALIC LIFE COMPANY with at least 90 days advance notice of its intent. (j) The Parties agree that the TALIC LIFE COMPANY is not required to distribute Summary Prospectuses to its contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the TALICLIFE COMPANY. The TALIC LIFE COMPANY agrees that it will give Invesco and AVIF(IVIFAVIF (IVIF) reasonable notice of its intended use of the Summary Prospectuses or the Statutory Prospectuses. (k) The Parties agree that all other provisions of the Participation Agreement, including the Indemnification provisions, will apply to the terms of this Section 2122., as applicable. 4. The existing third “WHEREAS” clause is deleted in its entirety and replaced with the following.:

Appears in 1 contract

Samples: Participation Agreement (Aim Variable Insurance Funds (Invesco Variable Insurance Funds))

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Summary Prospectus. Should AVIF(IVIFAVIF (IVIF) and TALIC LIFE COMPANY desire to distribute the prospectuses of the funds within AVIF(IVIFAVIF (IVIF) pursuant to Rule 498 of the Securities Act of 1933, as amended. , ("Rule 498"), the roles and responsibilities of the Parties to the Agreement (the "Parties"), for complying with Rule 498 and other applicable laws, are set forth as follows: (a) For purposes of this SectionSection 23., the terms "Summary Prospectus" and "Statutory Prospectus" shall have the same meaning as set forth in Rule 498. PAA·AMD10-TALIC (05-01-13). (b) AVIF(IVIFAVIF (IVIF) shall provide, or cause to provide, TALIC LIFE COMPANY with copies of the Summary Prospectuses in the same manner and at the same times as the Partciaption Participation Agreement requires that AVIF(IVIFAVIF (IVIF) provide TALIC LIFE COMPANY with Statutory Prospectuses. If AVIF(IVIFAVIF (IVIF) makes any changes to the Summary Prospectus by way of a filing pursuant to Rule 497 under the Securities Act of 1933, unless the Parties agree oterhwise. AVIF(IVIFotherwise, AVIF (IVIF) shall, instead of providing TALIC LIFE COMPANY with a revised Summary Prospectus, provide TALIC LIFE COMPANY with a supplement setting forth the changes in the Rule 497 filing. (c) AVIF(IVIFAVIF (IVIF) and/or Invesco the UNDERWRITER shall be responsible for compliance with Rule 498(e). (d) AVIF(IVIFAVIF (IVIF) and Invesco UNDERWRITER each represent and warrant that the Summary Prospectus Prospectuses and the web site hosting of such Summary prospectuses Prospectuses will comply with the requirement requirements of Rule 498 applicable to AVIF(IVIFAVIF (IVIF) and its series. AVIF(IVIFAVIF (IVIF) further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498. (e) AVIF(IVIFAVIF (IVIF) and Invesco UNDERWRITER each agree that the URL indicated on each Summary Prospectus will lead policyholders/contract owners directly to the web page used for hosting Summary Prospectuses (“Landing Page”) and that such Landing Page will host the current AVIP(IVIFAVIF (IVIF) and series’ documents required to be posted in compliance with Rule 498. AVIF(IVIFAVIF (IVIF) shall promptly immediately notify TSLIC LIFE COMPANY of any interruption interruptions in the availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement. (f) AVIF(IVIFAVIF (IVIF) and Invesco UNDERWRITER represent and warrant that they will be responsible for compliance with the provisions of Rule 498(f)(1498(f)(i) involving policyholder/contract owner requests for additional Trust AVIF (IVIF) documents made directly to AVIF(IVIFAVIF (IVIF). AVIF(IVIFAVIF (IVIF) and Invesco UNDERWRITER further represent and warrant that any information obtained about policyholders/contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Trust AVIF (IVIF) documents. (g) TALIC represent LIFE COMPANY represents and warrants that it will respond to requests for additional fund documents made by policyholders/contract owners directly to the TALIC LIFE COMPANY or one of its affiliates. (h) TALIC LIFE COMPANY represents and warrants that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498. (i) If AVIF(IVIFAVIF (IVIF) determines that it will end its use of the Summary Prospectus delivery option, AVIF(IVIFAVIF (IVIF) and Invesco UNDERWRITER will provide the TALIC LIFE COMPANY with at least 90 days days’ advance notice of its intent. (j) The Parties agree that the TALIC LIFE COMPANY is not required to distribute Summary Prospectuses to its policyholders/contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the TALICLIFE COMPANY. The TALIC LIFE COMPANY agrees that it will give Invesco UNDERWRITER and AVIF(IVIFAVIF (IVIF) reasonable notice of its intended use of the Summary Prospectuses or the Statutory Prospectuses. (k) The Parties agree that all other provisions of the Participation Agreement, including including, the Indemnification provisions, will apply to the terms of this Section 2123., as applicable. 4. The existing third “WHEREAS” clause is deleted in its entirety and replaced with the following.

Appears in 1 contract

Samples: Participation Agreement (Separate Account Va B)

Summary Prospectus. Should AVIF(IVIF) and TALIC desire to distribute the prospectuses of the funds within AVIF(IVIF) pursuant to Rule 498 of the Securities Act of 1933, as amended. , ("Rule 498"), the roles and responsibilities of the Parties to the Agreement (the "Parties"), for complying with Rule 498 and other applicable laws, are set forth as follows: (a) For purposes of this Section, the terms "Summary Prospectus" and "Statutory Prospectus" shall have the same meaning as set forth in Rule 498. PAA·AMD10-TALIC (05-01-13). (b) AVIF(IVIF) shall provide, or cause to provide, TALIC with copies of the Summary Prospectuses in the same manner and at the same times as the Partciaption Participation Agreement requires that AVIF(IVIF) provide TALIC with Statutory Prospectuses. If AVIF(IVIF) makes any changes to the Summary Prospectus by way of a filing pursuant to Rule 497 under the Securities Act of 1933, unless the Parties agree oterhwise. otherwise, AVIF(IVIF) shall, instead of providing TALIC with a revised Summary Prospectus, provide TALIC with a supplement setting forth the changes in the Rule 497 filing. (c) AVIF(IVIF) and/or Invesco shall be responsible for compliance with Rule 498(e). (d) AVIF(IVIF) and Invesco each represent and warrant that the Summary Prospectus Prospectuses and the web site hosting of such Summary prospectuses Prospectuses will comply with the requirement requirements of Rule 498 applicable to AVIF(IVIF) and its series. AVIF(IVIF) further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498. (e) AVIF(IVIF) and Invesco each agree that the URL indicated on each Summary Prospectus will lead contract owners directly to the web page used for hosting Summary Prospectuses (“Landing Page”) and that such Landing Page will host the current AVIP(IVIFAVIF(IVIF) and series’ documents required to be posted in compliance incompliance with Rule 498. AVIF(IVIF) shall promptly notify TSLIC TALIC of any interruption interruptions in the availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement. (f) AVIF(IVIF) and Invesco represent and warrant that they will be responsible for compliance with the provisions of Rule 498(f)(1) involving contract owner requests for additional Trust documents made directly to AVIF(IVIF). AVIF(IVIF) and Invesco further represent and warrant that any information obtained about contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Trust documents. (g) TALIC represent represents and warrants that it will respond to requests for additional fund documents made by contract owners directly to the TALIC or one of its affiliates. (h) TALIC represents and warrants that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498. (i) If AVIF(IVIF) determines that it will end its use of the Summary Prospectus delivery option, AVIF(IVIF) and Invesco will provide the TALIC with at least 90 days advance notice of its intent. (j) The Parties agree that the TALIC is not required to distribute Summary Prospectuses to its contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the TALIC. The TALIC agrees that it will give Invesco and AVIF(IVIF) reasonable notice of its intended use of the Summary Prospectuses or the Statutory Prospectuses. (k) The Parties agree that all other provisions of the Participation Agreement, including the Indemnification provisions, will apply to the terms of this Section 21., as applicable. 4. The existing third “WHEREAS” clause is deleted in its entirety and replaced with the following.:

Appears in 1 contract

Samples: Participation Agreement (Aim Variable Insurance Funds (Invesco Variable Insurance Funds))

Summary Prospectus. Should AVIF(IVIFAVIF (IVIF) and TALIC LIFE COMPANY desire to distribute the prospectuses of the funds within AVIF(IVIFAVIF (IVIF) pursuant to Rule 498 of the Securities Act of 1933, as amended. , ("Rule 498"), the roles and responsibilities of the Parties to the Agreement (the "Parties"), for complying with Rule 498 and other applicable laws, are set forth as follows: (a) For purposes of this SectionSection 23., the terms "Summary Prospectus" and "Statutory Prospectus" shall have the same meaning as set forth in Rule 498. PAA·AMD10-TALIC (05-01-13). (b) AVIF(IVIFAVIF (IVIF) shall provide, or cause to provide, TALIC LIFE COMPANY with copies of the Summary Prospectuses in the same manner and at the same times as the Partciaption Participation Agreement requires that AVIF(IVIFAVIF (IVIF) provide TALIC LIFE COMPANY with Statutory Prospectuses. If AVIF(IVIFAVIF (IVIF) makes any changes to the Summary Prospectus by way of a filing pursuant to Rule 497 under the Securities Act of 1933, unless the Parties agree oterhwise. AVIF(IVIFotherwise, AVIF (IVIF) shall, instead of providing TALIC LIFE COMPANY with a revised Summary Prospectus, provide TALIC LIFE COMPANY with a supplement setting forth the changes in the Rule 497 filing. (c) AVIF(IVIFAVIF (IVIF) and/or Invesco shall be responsible for compliance with Rule 498(e). (d) AVIF(IVIFAVIF (IVIF) represents and Invesco each represent and warrant warrants that the Summary Prospectus Prospectuses and the web site hosting of such Summary prospectuses Prospectuses will comply with the requirement requirements of Rule 498 applicable to AVIF(IVIFAVIF (IVIF) and its series. AVIF(IVIFAVIF (IVIF) further represents and warrants that it has reasonable policies and procedures in place to ensure that such web site complies with Rule 498. (e) AVIF(IVIFAVIF (IVIF) and Invesco each agree agrees that the URL indicated on each Summary Prospectus will lead policyholders/contract owners directly to the web page used for hosting Summary Prospectuses (“Landing Page”) and that such Landing Page will host the current AVIP(IVIFAVIF (IVIF) and series’ documents required to be posted in compliance with Rule 498. AVIF(IVIFAVIF (IVIF) shall promptly notify TSLIC LIFE COMPANY of any interruption interruptions in the availability of this Landing Page that last more than 24 hours. Such Landing Page will contain the investment options available under the Agreement. (f) AVIF(IVIFAVIF (IVIF) represents and Invesco represent and warrant warrants that they will be responsible for compliance with the provisions of Rule 498(f)(1498(f)(i) involving policyholder/contract owner requests for additional Trust AVIF (IVIF) documents made directly to AVIF(IVIFAVIF (IVIF). AVIF(IVIFAVIF (IVIF) and Invesco further represent represents and warrant that any information obtained about policyholders/contract owners pursuant to this provision will be used solely for the purposes of responding to requests for additional Trust AVIF (IVIF) documents. (g) TALIC represent LIFE COMPANY represents and warrants that it will respond to requests for additional fund documents made by policyholders/contract owners directly to the TALIC LIFE COMPANY or one of its affiliates. (h) TALIC LIFE COMPANY represents and warrants that any binding together of Summary Prospectuses and/or Statutory Prospectuses will be done in compliance with Rule 498. (i) If AVIF(IVIFAVIF (IVIF) determines that it will end its use of the Summary Prospectus delivery option, AVIF(IVIFAVIF (IVIF) and Invesco will provide the TALIC LIFE COMPANY with at least 90 days days’ advance notice of its intent. (j) The Parties agree that the TALIC LIFE COMPANY is not required to distribute Summary Prospectuses to its policyholders/contract owners, but rather that the use of the Summary Prospectus will be at the discretion of the TALICLIFE COMPANY. The TALIC LIFE COMPANY agrees that it will give Invesco and AVIF(IVIFAVIF (IVIF) reasonable notice of its intended use of the Summary Prospectuses or the Statutory Prospectuses. (k) The Parties agree that all other provisions of the Participation Agreement, including including, the Indemnification provisions, will apply to the terms of this Section 2123., as applicable. 4. The existing third “WHEREAS” clause is deleted All other terms and provisions of the Agreement not amended herein shall remain in its entirety full force and replaced with the following.effect. Effective date: May 1, 2013 By: /s/ Name: Jxxx X. Xxxx Title: Senior Vice President By: /s/ Name: Axxxxx X. Xxxxx Title: Vice President By: /s/ Name: Bxxxxx X. Xxxxx Title: Assistant Vice President

Appears in 1 contract

Samples: Participation Agreement (Transamerica Corporate Separate Account Sixteen)

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