Common use of Deferment Clause in Contracts

Deferment. Except as provided in this Section, payments by AXA Equitable from the Annuitant's Account pursuant to the provisions of Sections 3.06, 3.10, and 3.11 will be made within seven days after receipt of a written request for such surrender or withdrawal, or receipt of due proof of death or disability of the Annuitant. During any period when (i) the sale of securities or the determination of the Unit Value is not reasonably practicable because an emergency, defined by the Securities and Exchange Commission, exists, or the New York Stock Exchange is closed or trading on such Exchange is restricted, or (ii) the Securities and Exchange Commission may by order permit postponement for the protection of persons having interests in the Separate Account, AXA Equitable reserves the right:

Deferment. Except as provided in this Section, payments by AXA Equitable from the AnnuitantParticipant's Account pursuant to the provisions of Sections 3.06, 3.10, and 3.11 will be made within seven days after receipt of a written request for such surrender or withdrawal, or receipt of due proof of death or disability of the AnnuitantParticipant. During any period when (i) the sale of securities or the determination of the Unit Value is not reasonably practicable because an emergency, defined by the Securities and Exchange Commission, 301-10,001-2002 Page 28 exists, or the New York Stock Exchange is closed or trading on such Exchange is restricted, or (ii) the Securities and Exchange Commission may by order permit postponement for the protection of persons having interests in the Separate Account, AXA Equitable reserves the right:

Deferment. Except as provided in this Section, payments by AXA Equitable from the Annuitant's Account pursuant to the provisions of Sections 3.06, 3.10, and 3.11 will be made within seven days after receipt of a written request for such surrender or withdrawal, or receipt of due proof of death or disability of the Annuitant. During any period when (i) the sale of securities or the determination of the Unit Value is not reasonably practicable because an emergency, defined by the Securities and Exchange Commission, exists, or the New York Stock Exchange is closed or trading on such Exchange is restricted, or (ii) the Securities and Exchange Commission may by order permit postponement for the protection of persons having interests in the Separate Account, AXA Equitable reserves the right: