Common use of ALLOCATION DATE FOR DEPOSITS Clause in Contracts

ALLOCATION DATE FOR DEPOSITS. MassMutual will allocate Deposits to the Guaranteed Interest Account as soon as reasonably practicable but in no event later than the Valuation Date occurring [five] Business Day(s) after the later of: (i) the Effective Date; (ii) the Issue Date; or (iii) the date MassMutual receives the Deposit. Until MassMutual allocates a Deposit, MassMutual will credit the Deposit with interest at the Holding Account Interest Rate from the date MassMutual receives the Deposit up to and including the Valuation Date prior to the date on which MassMutual allocates the Deposit.

ALLOCATION DATE FOR DEPOSITS. MassMutual will allocate Deposits to the Guaranteed Interest Account as soon as reasonably practicable but in no event later than the Valuation Date occurring [five] five (5) Business Day(s) Days after the later of: (i) the Effective Date; (ii) the Issue Date; or (iii) the date MassMutual receives the DepositDeposit and Effective Communication of the allocation instructions. Until MassMutual allocates a Depositthe Deposits in accordance with the allocation instructions, MassMutual will credit invest the Deposit with interest at in the Holding Account Interest Rate Premier Money Market Fund from the date MassMutual receives the Deposit up to and including the Valuation Date prior to the date on which MassMutual allocates the Deposit.