Common use of PROCESSING DATE Clause in Contracts

PROCESSING DATE. “Processing Date” is each Contract Date Anniversary. If the Contract Date Anniversary is not a Business Day, then the Processing Date is the first Business Day thereafter.

Appears in 5 contracts

Sources: Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co), Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co), Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co)

PROCESSING DATE. ‘‘Processing Date’’ is each Contract Date Anniversary. If the Contract Date Anniversary is not a Business Day, then the Processing Date is the first Business Day thereafter.

Appears in 1 contract

Sources: Flexible Premium Deferred Fixed and Variable Annuity Contract (Variable Account AA)