Common use of Crediting of Deposits Clause in Contracts

Crediting of Deposits. Each Deposit will be credited to the Guaranteed Fund no later than the third Business Day following its receipt. SAMPLE For Takeover Deposits where the Expense Credit Percentage exceeds 100%, Nationwide will credit the Guaranteed Fund the lesser of each Takeover Deposit multiplied by the Expense Credit Percentage or the account value of participant accounts associated with each Takeover Deposit immediately prior to transfer to Nationwide.

Crediting of Deposits. Each Deposit will be credited to the Guaranteed Fund no later than the third Business Day following its receipt. SAMPLE For Takeover Deposits where the Expense Credit Percentage exceeds 100%, Nationwide will credit the Guaranteed Fund the lesser of each Takeover Deposit multiplied by the Expense Credit Percentage or the account value of plan assets of participant accounts associated with each Takeover Deposit immediately prior to transfer to Nationwide.