Administration and Servicing of the Contracts Sample Clauses
The "Administration and Servicing of the Contracts" clause defines the responsibilities and procedures for managing and maintaining the contracts after they have been executed. This typically includes tasks such as collecting payments, monitoring compliance, handling amendments, and addressing any issues that arise during the contract term. For example, a designated party may be responsible for sending invoices, tracking deliverables, or communicating with counterparties regarding performance. The core function of this clause is to ensure that the contracts are properly managed throughout their lifecycle, thereby reducing the risk of misunderstandings or breaches and promoting smooth ongoing operations.
Administration and Servicing of the Contracts. The Company shall be fully responsible as to the Trust and the Distributor for the underwriting, issuance, service and administration of the Contracts and for the administration of the Account, including, without limitation, the calculation of performance information for the Contracts, the timely payment of Contract Owner redemption requests and processing of Contract transactions, and the maintenance of a service center, such functions to be performed in all respects at a level commensurate with those standards prevailing in the variable insurance industry. The Company shall provide to Contract Owners all Trust reports, solicitations for voting instructions including any related Trust proxy solicitation materials, and updated Trust Prospectuses as required under the federal securities laws.
Administration and Servicing of the Contracts. The Company shall be fully responsible for the underwriting, issuance, service and administration of the Contracts and for the administration of the Account, including, without limitation, the calculation of performance information for the Contracts, the timely payment of Contract Owner redemption requests and processing of Contract transactions, and the maintenance of a service center, such functions to be performed in all respects at a level commensurate with those standards prevailing in the variable insurance industry. The Company shall provide to Contract Owners all Trust reports, solicitations for voting instructions including any related Trust proxy solicitation materials, and updated Trust Prospectuses as required under the federal securities laws.
Administration and Servicing of the Contracts. The Company shall be fully responsible for the underwriting, issuance, service and administration of the Contracts and for the administration of the Accounts, including, without limitation, the calculation of performance information for the Contracts, the timely payment of Contract Owner redemption requests and processing of Contract transactions, and the maintenance of a service center, such functions to be performed in all respects at a level commensurate with those standards prevailing in the variable insurance industry. The Company shall provide to Contract Owners all Trust reports, information statements, proxy statements and other voting instruction solicitation materials, and updated Trust Prospectuses (or Summary Prospectuses) as required by Applicable Law.
Administration and Servicing of the Contracts. In connection with the offering of the Contracts, the Company shall be fully responsible for the underwriting, issuance, service and administration of the Contracts and for the administration of the Account, including, without limitation, the calculation of performance information for the Contracts, the timely payment of Contract Owner redemption requests and processing of Contract transactions, and the maintenance of a service center. The Company shall use its best efforts to perform such functions in all respects at a level commensurate with those standards prevailing in the variable insurance industry. Subject to Section 5.4, the Company shall provide to Contract Owners all Trust reports, solicitations for voting instructions including any related Trust proxy solicitation materials, and updated Trust Prospectuses as required under the federal securities laws.
Administration and Servicing of the Contracts. The Company shall provide to Contract owners all Fund reports and updated Fund prospectuses as required under the federal securities laws, provided that Fund or Distributor has delivered copies of such Fund reports and prospectuses to the Company as required by Article III of this Agreement.
Administration and Servicing of the Contracts. Nationwide shall be fully responsible as to the Trust and the Distributor for the underwriting, issuance, service and administration of the Contracts and for the administration of the Account, including, without limitation, the calculation of performance information for the Contracts, the timely payment of Contract Owner redemption requests and processing of Contract transactions, and the maintenance of a service center, such functions to be performed in all respects at a level commensurate with those standards prevailing in the variable insurance industry. Nationwide shall provide to Contract Owners all Trust reports, solicitations for voting instructions including any related Trust proxy solicitation materials, and updated Trust Prospectuses as required under the federal securities laws.
Administration and Servicing of the Contracts. The Company shall be responsible for the issuance, service, and administration of the Contracts and for the administration of the Separate Accounts supporting such Contracts, such functions to be performed in all respects commensurate with those standards prevailing in the variable insurance industry. This administration will include:
(a) preparing, typesetting, printing and distributing current Contracts prospectuses to be used in the solicitation of new sales;
(b) printing and distributing current Fund prospectuses to be used in the solicitation of new sales;
(c) preparing, typesetting, printing, and mailing annual Contracts prospectuses to existing Contract Owners;
(d) printing and mailing annual Fund prospectuses to existing Contract Owners;
(e) preparing, typesetting, printing, and mailing (where required) supplements to existing Contracts prospectuses;
(f) printing and mailing (where required) supplements to existing Fund prospectuses;
(g) printing and mailing periodic reports for the Fund prospectuses; and
(h) timely payment of Contract Owner redemption requests and processing of Contracts transactions. The Distributor shall prepare and typeset current Fund prospectuses to be used in solicitation of new Contract sales. The Trust shall perform the following services:
(a) preparing and typesetting annual Fund prospectuses to be sent to existing Contract Owners;
(b) preparing and typesetting supplements to existing Fund prospectuses;
(c) preparing, typesetting, printing and mailing proxy materials for the Funds; and
(d) preparing and typesetting periodic reports for the Funds.
Administration and Servicing of the Contracts. The responsibilities of the Company and the Distributor as to administration and servicing of the Contracts are as set forth in Appendix A.
Administration and Servicing of the Contracts. The Company shall be fully responsible for the underwriting, issuance, service and administration of the Contracts and for the administration of the Accounts, including, without limitation, the calculation of performance information for the Contracts, the timely payment of Contract Owner redemption requests and processing of Contract transactions, and the maintenance of a service center, such functions to be performed in all respects at a level commensurate with those standards prevailing in the variable insurance industry. The Company shall provide to Contract Owners all Trust reports, information statements, and updated Trust Prospectuses (or Summary Prospectuses) as required by Applicable Law.
Administration and Servicing of the Contracts. The Company shall be fully responsible for the underwriting, issuance, service and administration of the Contracts and for the administration of the Account, including, without limitation, the calculation of performance information for the Contracts, the timely payment of Contract Owner redemption requests and processing of Contract transactions, and the maintenance of a service center, such functions to be performed in all respects at a level commensurate with those standards prevailing in the variable