Common use of Annuity Certificates Clause in Contracts

Annuity Certificates. Prudential will mail an annuity certificate to each applicable Payee on or before the later of (i) 20 Business Days after the Contract is issued, (ii) 120 Business Days after the date on which the Welcome Kit is mailed to Payees and (iii) 30 Business Days after the parties, each acting in good faith, have agreed upon the forms of annuity certificates, in each case, subject to receiving regulatory approvals for any such annuity certificate, if needed. Prudential will send a preliminary draft (which need not include a customized annuity form description) of the annuity certificate to the Company and the Independent Fiduciary as soon as practicable and Prudential will consider in good faith any comments made by the Company and the Independent Fiduciary on the annuity certificate on or before the fifth Business Day after receipt of the preliminary draft of the annuity certificate from Prudential; provided that, in no event shall Prudential be obligated to agree to any such comment that would require it to obtain any additional regulatory approval. Each annuity certificate will include a statement informing a Payee of his or her right to obtain a copy of the Contract (redacted to exclude information concerning other annuitants), how to contact Prudential and his or her right to enforce all provisions of the Contract, and will be sent together with a set of “Frequently Asked Questions” which will inform each Payee of how to obtain such copy of the Contract. The rights of a Payee are not conditioned on the issuance of the annuity certificates, and any delay in issuing a certificate shall not have any effect on the date as of which the Payee has enforceable rights against Prudential.

Annuity Certificates. Prudential Each Insurer will use [***] efforts to obtain all regulatory approvals that are necessary for the issuance of any annuity certificate. Each Insurer will mail an annuity certificate to each applicable Payee on or before annuitant no later than the later of (i) 20 Business Days after sixty (60) days following the applicable Contract is issued, execution date and (ii) 120 Business Days sixty (60) days after all required regulatory approvals of the applicable annuity certificates have been obtained (or such later date on which the Welcome Kit is mailed agreed to Payees and (iii) 30 Business Days after by the parties). To the extent that any regulator requires, each acting in good faithor the applicable parties hereto otherwise agree on, have agreed upon changes to be made to the forms of annuity certificatescertificate or the related benefit terms after Company, in each casethe applicable Insurer, subject and Independent Fiduciary have agreed on the forms of annuity certificates to receiving regulatory approvals for any such annuity certificatebe filed and the related benefit terms, if needed. Prudential will send a preliminary draft (which need not include a customized annuity form description) the mailing of the an annuity certificate to each applicable annuitant shall be extended by the Company number of days elapsed since Company, the applicable Insurer, and Independent Fiduciary had first agreed on the form of such annuity certificate and the Independent Fiduciary as soon as practicable and Prudential will consider in good faith any comments made by the Company and the Independent Fiduciary on the annuity certificate on or before the fifth Business Day after receipt of the preliminary draft of the annuity certificate from Prudential; provided that, in no event shall Prudential be obligated to agree to any such comment that would require it to obtain any additional regulatory approvalrelated benefit terms. Each annuity certificate will include a statement statements informing a Payee an annuitant of (A) his or her right to obtain a copy of the applicable Contract, (B) how to obtain such copy of such Contract (redacted to exclude information concerning other annuitants[***]), how to contact Prudential and (C) his or her right to enforce all [***], provisions of the with respect to such annuitant’s annuity payments under such Contract, solely against the applicable Insurer and will be sent together with a set of “Frequently Asked Questions” which will inform each Payee of how to obtain such copy of against no other person including the ContractPlan, Company, or any affiliate thereof. The rights of a Payee an annuitant are not conditioned on the issuance of the annuity certificates, and any delay in issuing a certificate shall will not have any effect on the date as of which the Payee annuitant has enforceable rights against Prudentialthe applicable Insurer.

Annuity Certificates. Prudential Insurers will use commercially reasonable efforts to obtain all regulatory approvals that are necessary for the issuance of any annuity certificate. Insurers will mail an annuity certificate to each applicable Payee on or before annuitant no later than the later of (i) 20 Business Days after sixty (60) days following the Contract is issued, premium adjustment described in paragraph 3.i and (ii) 120 Business Days sixty (60) days after all required regulatory approvals of the date on which annuity certificates have been obtained. To the Welcome Kit is mailed extent that any regulator requires changes to Payees and (iii) 30 Business Days after the parties, each acting in good faith, have agreed upon be made to the forms of annuity certificatescertificate or the related benefit terms after Company, in each casethe applicable Insurer, subject and Independent Fiduciary have agreed on the forms of annuity certificates to receiving regulatory approvals for any such annuity certificatebe filed and the related benefit terms, if needed. Prudential will send a preliminary draft (which need not include a customized annuity form description) the mailing of the an annuity certificate to each applicable annuitant shall be extended by the Company number of days elapsed since Company, the applicable Insurer, and Independent Fiduciary had first agreed on the form of such annuity certificate and the Independent Fiduciary as soon as practicable and Prudential will consider in good faith any comments made by the Company and the Independent Fiduciary on the annuity certificate on or before the fifth Business Day after receipt of the preliminary draft of the annuity certificate from Prudential; provided that, in no event shall Prudential be obligated to agree to any such comment that would require it to obtain any additional regulatory approvalrelated benefit terms. Each annuity certificate will include a statement statements informing a Payee an annuitant of (A) his or her right to obtain a copy of the Contract, (B) how to obtain such copy of the Contract (redacted to exclude information concerning other annuitants), how to contact Prudential and (C) his or her right to enforce all provisions of the Contract, and will be sent together including, without limitation, provisions with a set of “Frequently Asked Questions” which will inform each Payee of how respect to obtain such copy of annuitant’s annuity payments under the Contract, solely against the applicable Insurer and against no other person including the Plan, Company, or any affiliate thereof. The rights of a Payee an annuitant are not conditioned on the issuance of the annuity certificates, and any delay in issuing a certificate shall will not have any effect on the date as of which the Payee annuitant has enforceable rights against Prudentialthe applicable Insurer.