Website Hosting and Notice Fee. (a) The Trust shall bear the costs of managing, formatting, hosting and maintaining the (i) Shareholder Reports and (ii) Portfolio Holdings on the website hosted by the Company. The Trust shall also bear the cost of managing, formatting, and hosting the (i) Shareholder Reports and (ii) Portfolio Holdings for electronic delivery. (b) The Trust shall bear the costs of preparing the Notices of the availability of the Trust’s Shareholder Reports to Contract Owners (the Notices required by paragraph (c) of Rule 30e-3). (c) In order for the Company to ensure that the Fund Documents are kept current and posted for the duration or period required by Rule 30e-3 and paragraph (h) of Rule 498A, the Trust shall promptly provide to the Company any amendments to the Fund Documents; (d) the Company shall make reasonable efforts to comply with the “safe harbor” provisions, terms and conditions of paragraph (b)(5) of Rule 30e-3, which shall constitute compliance with subsections (a) through (c) of Section 1 of this Amendment (for the avoidance of doubt, for this purpose, the “Company” referred to in said paragraph (b)(5) of Rule 30e-3 means the Company on behalf of the Accounts).
Appears in 2 contracts
Sources: Participation Agreement (Paragon Separate Account B), Participation Agreement (Paragon Separate Account B)
Website Hosting and Notice Fee. (a) The Trust Series and/or CRMC shall bear the reasonable costs of managing, formatting, hosting and maintaining the (i) Shareholder Reports and (ii) Portfolio Holdings Fund Documents on the website Specified Website hosted by the CompanyMetLife. The Trust Series and/or CRMC shall also bear the cost of managing, formatting, hosting and hosting distributing the (i) Shareholder Reports and (ii) Portfolio Holdings Fund Documents for electronic delivery.
(b) The Trust Series and/or CRMC shall bear the costs of preparing and mailing the Notices of the availability of the Trust’s Series’ Shareholder Reports to Contract Owners (the Notices required by paragraph (c) of Rule 30e-3).
(c) In order for the Company MetLife to ensure that the Fund Documents are kept current and posted for the duration or period required by Rule 30e-3 and paragraph (h) of Rule 498A, the Trust Series shall promptly provide to the Company MetLife any amendments to the Fund Documents;
(d) the Company MetLife shall make reasonable efforts to comply with the “safe harbor” provisions, terms and conditions of paragraph (b)(5) of Rule 30e-3, which shall constitute compliance with subsections (a) through (c) of Section 1 of this Amendment (for the avoidance of doubt, for this purpose, the “Company” referred to in said paragraph (b)(5) of Rule 30e-3 means the Company MetLife on behalf of the Accounts).
Appears in 1 contract
Sources: Participation Agreement (Metropolitan Life Separate Account UL)