Examples of AXA in a sentence
AXA Equitable is a corporation duly organized and validly existing under the laws of the State of New York.
The Certificates (including any Units credited thereunder) have been duly authorized and when issued in accordance with applicable regulatory approvals represent validly issued and binding obligations of AXA Equitable.
The Units are purchased with contributions received under individual annuity contracts and certificates AXA Equitable offers under a group annuity contract (collectively, the “Certificates”).
Under New York law, the income, gains and losses, whether or not realized, from assets allocated to Separate Account No. 49 must be credited to or charged against such account, without regard to the other income, gains or losses of AXA Equitable.
The assets of Separate Account No. 49 are owned by AXA Equitable; AXA Equitable is not a trustee with respect thereto.