Common use of Notification of Interested Parties Clause in Contracts

Notification of Interested Parties. To the extent required by Applicable Law or a Reinsured Contract, or as otherwise reasonably requested by the Company in writing, the Administrator shall send to (a) the Contractholders and Insureds and (b) any applicable service providers, reinsurers, custodians, mutual fund organizations or other counterparties under agreements relevant to the Administered Business, a written notice prepared by the Administrator and approved by the Company before distribution (such approval not to be unreasonably withheld, conditioned or delayed) advising that the Administrator has been appointed by the Company to provide the Services. Such notices to Contractholders and Insureds shall be mailed, at Administrator’s own expense, to each such Contractholder’s or Insured’s last known address of record furnished by the Company to the Administrator.