Common use of Summary Prospectuses Clause in Contracts

Summary Prospectuses. (a) On behalf of the Fund, the Underwriter represents and warrants that the Summary Prospectuses and the hosting of such Summary Prospectuses on the Fund's website will comply with the requirements of Rule 498 applicable to the Fund. The Underwriter further represents and warrants that the Fund has reasonable procedures in place to ensure that such web site is accessible in accordance with the requirements of Rule 498. (b) On behalf of the Fund, the Underwriter agrees that the website address that appears on the front page of each Summary Prospectus will lead Contractholders directly to a web page that contains links to the current Statutory Prospectus and other materials that are required to be accessible under Rule 498(e)(1) (each, an "Electronic Fund Document") rather than to the home page or other section the Fund's website where the materials are posted. The Underwriter shall promptly notify the Insurance Company of any unexpected interruptions in the accessibility of this web page that continue for more than 48 hours unless the Underwriter, on behalf of the Fund, has taken prompt remedial action in accordance with Rule 498(e)(4)(ii). (c) On behalf of the Fund, the Underwriter represents and warrants that the Fund will be responsible for compliance with the provisions of Rule 498(f)(l) involving Contractholder requests for additional Fund documents made by calling the telephone number or by sending an email to the email address, that, in each case, appears on the front page of the applicable Summary Prospectus. The Underwriter further represents and warrants that any information obtained through such process by the Fund, the Underwriter or an affiliate of the Underwriter about Contractholders will be used solely for the purposes of responding to requests for additional Fund documents unless the Underwriter has obtained that information through another source. (d) The Insurance Company represents and warrants that it will respond to requests for additional Fund documents made by Contractholders directly to the Insurance Company or one of its affiliates. (e) At the Insurance Company's request, the Underwriter will provide the Insurance Company with the current Uniform Resource Locator to each Electronic Fund Document for use with the Insurance Company's electronic delivery of fund documents or on the Insurance Company's website. (f) On behalf of the Fund, the Underwriter represents and warrants that the Fund has reasonable safeguards in place to prevent the documents contained on the Fund's web page, and the Fund documents provided to the Insurance Company for purposes of electronic delivery, from containing any virus. Insurance Company acknowledges that the existence of such safeguards do not guarantee that the documents contained on the Fund web page and the Fund documents provided to the Insurance Company will not contain a virus, and that the Underwriter, its affiliates and the Fund shall not be liable for any damages incurred by Insurance Company, its affiliates, any Separate Account or any Contractholder as a result of any such virus. (g) If the Fund determines that it will end its use of the Summary Prospectus delivery option, the Underwriter will provide the Insurance Company with the lesser of (i) sixty (60) days' advance notice of the Fund's intent relating thereto or (ii) the amount of notice that the Fund provides to the Underwriter less five (5) Business Days. (h) The parties agree that the Insurance Company may elect, at its sole option, to distribute either the Summary Prospectus or the Statutory Prospectus to Contractholders and prospective Contractholders. The Insurance Company agrees that it will give the Underwriter sufficient notice of the Insurance Company's intended use of the Summary Prospectuses or the Statutory Prospectuses. To the extent Insurance Company elects to distribute a Portfolio's Statutory Prospectus, the Underwriter will provide Insurance Company with a camera ready copy of the Portfolio's Statutory Prospectus (and electronic access thereto).

Appears in 3 contracts

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

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Summary Prospectuses. (a) On behalf of the Fund, the Underwriter The Trust represents and warrants that the Summary Prospectuses and the hosting of such Summary Prospectuses on the FundTrust's website will comply with the requirements of Rule 498 applicable to the FundTrust. The Underwriter Trust further represents and warrants that the Fund Trust has reasonable procedures in place to ensure that such web site is accessible in accordance with the requirements of Rule 498. (b) On behalf of the Fund, the Underwriter The Trust agrees that the website address that appears on the front page of each Summary Prospectus will lead Contractholders directly to a web page that contains links to the current Statutory Prospectus and other materials that are required to be accessible under Rule 498(e)(1) (each, an "Electronic Fund Document") rather than to the home page or other section the FundTrust's website where the materials are posted. The Underwriter Trust shall promptly notify the Insurance Company of any unexpected interruptions in the accessibility of this web page that continue for more than 48 hours unless the Underwriter, on behalf of the Fund, Trust has taken prompt remedial action in accordance with Rule 498(e)(4)(ii). (c) On behalf of the Fund, the Underwriter The Trust represents and warrants that the Fund Trust will be responsible for compliance with the provisions of Rule 498(f)(l498(f)(1) involving Contractholder requests for additional Fund documents made by calling the telephone number or by sending an email to the email address, that, in each case, appears on the front page of the applicable Summary Prospectus. The Underwriter Trust further represents and warrants that any information obtained through such process by the FundTrust, the Underwriter or an affiliate of the Underwriter about Contractholders will be used solely for the purposes of responding to requests for additional Fund documents unless the Underwriter Trust has obtained that information through another source. (d) The Insurance Company represents and warrants that it will respond to requests for additional Fund documents made by Contractholders directly to the Insurance Company or one of its affiliates. (e) At the Insurance Company's request, the Underwriter Trust will provide the Insurance Company with the current Uniform Resource Locator to each Electronic Fund Document for use with the Insurance Company's electronic delivery of fund documents or on the Insurance Company's website. (f) On behalf of the Fund, the Underwriter The Trust represents and warrants that the Fund Trust has reasonable safeguards in place to prevent the documents contained on the FundTrust's web page, and the Fund Trust documents provided to the Insurance Company for purposes of electronic delivery, from containing any virus. Insurance Company acknowledges that the existence of such safeguards do not guarantee that the documents contained on the Fund Trust web page and the Fund Trust documents provided to the Insurance Company will not contain a virus, and that the Underwriter, its affiliates and the Fund Trust shall not be liable for any damages incurred by Insurance Company, its affiliates, any Separate Account or any Contractholder as a result of any such virus. (g) If the Fund Trust determines that it will end its use of the Summary Prospectus delivery option, the Underwriter Trust will provide the Insurance Company with the lesser of (i) sixty (60) 60 days' advance notice of the FundTrust's intent relating thereto or (ii) the amount of notice that the Fund provides to the Underwriter less five (5) Business Daysthereto. (h) The parties agree that the Insurance Company may elect, at its sole option, to distribute either the Summary Prospectus or the Statutory Prospectus to Contractholders and prospective Contractholders. The Insurance Company agrees that it will give the Underwriter Trust sufficient notice of the Insurance Company's intended use of the Summary Prospectuses or the Statutory Prospectuses. To the extent Insurance Company elects to distribute a PortfolioDesignated Fund's Statutory Prospectus, the Underwriter Trust will provide Insurance Company with a camera ready copy of the PortfolioDesignated Fund's Statutory Prospectus (and electronic access thereto).

Appears in 2 contracts

Samples: Fund Participation Agreement (Principal Life Insurance Co Variable Life Sep Account), Fund Participation Agreement (Principal Life Insurance Co Variable Life Sep Account)

Summary Prospectuses. (a) 4.6.1 On behalf of the Fund, the Underwriter CID represents and warrants that the Summary Prospectuses and the hosting of such Summary Prospectuses on the Fund's Fund website will comply with the requirements of Rule 498 applicable to the Fund. The Underwriter CID further represents and warrants that the Fund has reasonable procedures in place to ensure that such web site is accessible in accordance with the requirements of Rule 498. (b) 4.6.2 On behalf of the Fund, the Underwriter CID agrees that the website address that appears on the front page of each Summary Prospectus will lead Contractholders directly to a web page that contains links to the current Statutory Prospectus and other materials that are required to be accessible under Rule 498(e)(1498(e)(l) (each, an "Electronic Fund Document") rather than to the home page or other section the Fund's website of xxx.xxxxxxx.xxx where the materials are posted. The Underwriter CID shall promptly notify the Insurance Company of any unexpected interruptions in the accessibility of this web page that continue for more than 48 hours unless the Underwriter, on behalf of the Fund, has taken prompt remedial action in accordance with Rule 498(e)(4)(ii). (c) 4.6.3 On behalf of the Fund, the Underwriter CID represents and warrants that the Fund will be responsible for compliance with the provisions of Rule 498(f)(l) involving Contractholder requests for additional Fund documents made by calling the telephone number or by sending an email to the email address, that, in each case, appears on the front page of the applicable Summary Prospectus. The Underwriter CID further represents and warrants that any information obtained through such process by the Fund, the Underwriter CID or an affiliate of the Underwriter CID about Contractholders will be used solely for the purposes of responding to requests for additional Fund documents unless the Underwriter CID has obtained that information through another source. (d) 4.6.4 The Insurance Company represents and warrants that it will respond to requests for additional Fund documents made by Contractholders directly to the Insurance Company or one of its affiliates. (e) 4.6.5 At the Insurance Company's request, the Underwriter CID will provide the Insurance Company with the current Uniform Resource Locator to each Electronic Fund Document for use with the Insurance Company's electronic delivery of fund documents or on the Insurance Company's website. (f) 4.6.6 On behalf of the Fund, the Underwriter CID represents and warrants that the Fund has reasonable safeguards in place to prevent the documents contained on the Fund's Fund web page, and the Fund documents provided to the Insurance Company for purposes of electronic delivery, from containing any virus. Insurance Company acknowledges that the existence of such safeguards do not guarantee that the documents contained on the Fund web page and the Fund documents provided to the Insurance Company will not contain a virus, and that the UnderwriterCID, its affiliates and the Fund Funds shall not be liable for any damages incurred by Insurance Company, its affiliates, any Separate Account or any Contractholder as a result of any such virus. (g) 4.6.7 If the Fund determines that it will end its use of the Summary Prospectus delivery option, the Underwriter CID will provide the Insurance Company with the lesser of (i) sixty (60) 60 days' advance notice of the Fund's intent relating thereto or (ii) the amount of notice that the Fund provides to the Underwriter CID less five (5) Business Daysbusiness days. (h) 4.6.8 The parties agree that the Insurance Company may elect, at its sole option, to distribute either the Summary Prospectus or the Statutory Prospectus to Contractholders and prospective Contractholders. The Insurance Company agrees that it will give the Underwriter CID sufficient notice of the Insurance Company's intended use of the Summary Prospectuses or the Statutory Prospectuses. To the extent Insurance Company elects to distribute a PortfolioFund's Statutory Prospectus, the Underwriter CID will provide Insurance Company with a camera ready copy of the PortfolioFund's Statutory Prospectus statutory prospectus (and electronic access thereto).

Appears in 1 contract

Samples: Fund Participation Agreement (Principal Life Insurance Co Separate Account B)

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Summary Prospectuses. (a) 4.6.1 On behalf of the Fund, the Underwriter CID represents and warrants that the Summary Prospectuses and the hosting of such Summary Prospectuses on the Fund's Fund website will comply with the requirements of Rule 498 applicable to the Fund. The Underwriter CID further represents and warrants that the Fund has reasonable procedures in place to ensure that such web site is accessible in accordance with the requirements of Rule 498. (b) 4.6.2 On behalf of the Fund, the Underwriter CID agrees that the website address that appears on the front page of each Summary Prospectus will lead Contractholders directly to a web page that contains links to the current Statutory Prospectus and other materials that are required to be accessible under Rule 498(e)(1) (each, an "Electronic Fund Document") rather than to the home page or other section the Fund's website where of www. caxxxxx.xxx xhere the materials are posted. The Underwriter CID shall promptly notify the Insurance Company of any unexpected interruptions in the accessibility of this web page that continue for more than 48 hours unless the UnderwriterCID, on behalf of the Fund, has taken prompt remedial action in accordance with Rule 498(e)(4)(ii). (c) 4.6.3 On behalf of the Fund, the Underwriter CID represents and warrants that the Fund will be responsible for compliance with the provisions of Rule 498(f)(l498(f)(1) involving Contractholder requests for additional Fund documents made by calling the telephone number or by sending an email to the email address, that, in each case, appears on the front page of the applicable Summary Prospectus. The Underwriter CID further represents and warrants that any information obtained through such process by the Fund, the Underwriter CID or an affiliate of the Underwriter CID about Contractholders will be used solely for the purposes of responding to requests for additional Fund documents unless the Underwriter CID has obtained that information through another source. (d) 4.6.4 The Insurance Company represents and warrants that it will respond to requests for additional Fund documents made by Contractholders directly to the Insurance Company or one of its affiliates. (e) 4.6.5 At the Insurance Company's ’s request, the Underwriter CID will provide the Insurance Company with the current Uniform Resource Locator to each Electronic Fund Document for use with the Insurance Company's ’s electronic delivery of fund documents or on the Insurance Company's ’s website. (f) 4.6.6 On behalf of the Fund, the Underwriter CID represents and warrants that the Fund has reasonable safeguards in place to prevent the documents contained on the Fund's Fund web page, and the Fund documents provided to the Insurance Company for purposes of electronic delivery, from containing any virus. Insurance Company acknowledges that the existence of such safeguards do not guarantee that the documents contained on the Fund web page and the Fund documents provided to the Insurance Company will not contain a virus, and that the UnderwriterCID, its affiliates and the Fund Funds shall not be liable for any damages incurred by Insurance Company, its affiliates, any Separate Account or any Contractholder as a result of any such virus. (g) 4.6.7 If the Fund determines that it will end its use of the Summary Prospectus delivery option, the Underwriter CID will provide the Insurance Company with the lesser of (i) sixty (60) 60 days' advance notice of the Fund's ’s intent relating thereto or (ii) the amount of notice that the Fund provides to the Underwriter CID less five (5) Business Daysbusiness days. (h) 4.6.8 The parties agree that the Insurance Company may elect, at its sole option, to distribute either the Summary Prospectus or the Statutory Prospectus to Contractholders and prospective Contractholders. The Insurance Company agrees that it will give the Underwriter CID sufficient notice of the Insurance Company's ’s intended use of the Summary Prospectuses or the Statutory Prospectuses. To the extent Insurance Company elects to distribute a Portfolio's Fund’s Statutory Prospectus, the Underwriter CID will provide Insurance Company with a camera ready copy of the Portfolio's Statutory Prospectus Fund’s statutory prospectus (and electronic access thereto).

Appears in 1 contract

Samples: Consolidated Fund Participation Agreement (Principal National Life Insurance Co Variable Life Separate Account)

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