Common use of PROCESSING DATE Clause in Contracts

PROCESSING DATE. A Processing Date is each Contract Date Anniversary. If the Contract Date Anniversary is not on a Business Day, then the Processing Date is the first Business Day thereafter. "

Appears in 2 contracts

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