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: (a) to defer payment of the Account Balance of the Annuitant's Investment Account other than the Guaranteed Rate Account; (b) to defer payment of any portion of a death or disability benefit arising from an amount in the Annuitant's Investment Account other than the Guaranteed Rate Account; or 301-10,000-2002 Page 27 (c) in the event of (a) above, to defer application of such amounts to provide any Annuity Benefit permitted under the Contract. Payments by AXA Equitable from the Guaranteed Rate Account pursuant to Section 3.06, Section 3.10 or Section 3.11 or any commuted payments arising from an annuity pursuant to Section 4.05 may be deferred for up to six months after receipt of a written request for such withdrawal or termination, receipt of due proof of disability or death of the Annuitant, or receipt of due documentation for such commutation. Interest at the applicable Guarantee Rate for the amount withdrawn will be allowed on any payment deferred for 30 days or more.

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: (a) to defer payment of the Account Balance of the Annuitant's Investment Account other than the Guaranteed Rate Account; (b) to defer payment of any portion of a death or disability benefit arising from an amount in the Annuitant's Investment Account other than the Guaranteed Rate Account; or 301-10,000-2002 Page 27or (c) in the event of (a) above, to defer application of such amounts to provide any Annuity Benefit permitted under the Contract. Payments by AXA Equitable from the Guaranteed Rate Account pursuant to Section 3.06, Section 3.10 or Section 3.11 or any commuted payments arising from an annuity pursuant to Section 4.05 may be deferred for up to six months after receipt of a written request for such withdrawal or termination, receipt of due proof of disability or death of the Annuitant, or receipt of due documentation for such commutation. Interest at If we defer the applicable Guarantee Rate payment for more than 30 days, then the amount withdrawn payment will be allowed include interest based on any payment deferred for 30 days or more.Moody's Coporate Bond Yield Average-Monthly Average Corporates as published by Xxxxx'x Investor Services, Inc.

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: (a) to defer payment of the Account Balance of the Annuitant's Investment Account other than the Guaranteed Rate Account; (b) to defer payment of any portion of a death or disability benefit arising from an amount in the Annuitant's Investment Account other than the Guaranteed Rate Account; or 301-10,000-2002 MA Page 27 (c) in the event of (a) above, to defer application of such amounts to provide any Annuity Benefit permitted under the Contract. Payments by AXA Equitable from the Guaranteed Rate Account pursuant to Section 3.06, Section 3.10 or Section 3.11 or any commuted payments arising from an annuity pursuant to Section 4.05 may be deferred for up to six months after receipt of a written request for such withdrawal or termination, receipt of due proof of disability or death of the Annuitant, or receipt of due documentation for such commutation. Interest at the applicable Guarantee Rate for the amount withdrawn will be allowed on any payment deferred for 30 days or more.

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: (a) to defer payment of the Account Balance of the AnnuitantParticipant's Investment Account other than the Guaranteed Rate Account; (b) to defer payment of any portion of a death or disability benefit arising from an amount in the AnnuitantParticipant's Investment Account other than the Guaranteed Rate Account; or 301-10,000-2002 Page 27or (c) in the event of (a) above, to defer application of such amounts to provide any Annuity Benefit permitted under the Contract. Payments by AXA Equitable from the Guaranteed Rate Account pursuant to Section 3.06, Section 3.10 or Section 3.11 or any commuted payments arising from an annuity pursuant to Section 4.05 may be deferred for up to six months after receipt of a written request for such withdrawal or termination, receipt of due proof of disability or death of the AnnuitantParticipant, or receipt of due documentation for such commutation. Interest at the applicable Guarantee Rate for the amount withdrawn will be allowed on any payment deferred for 30 days or more.

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: (a) to defer payment of the Account Balance of the Annuitant's Investment Account other than the Guaranteed Rate Account; (b) to defer payment of any portion of a death or disability benefit arising from an amount in the Annuitant's Investment Account other than the Guaranteed Rate Account; or 301-10,000-2002 Page 27or (c) in the event of (a) above, to defer application of such amounts to provide any Annuity Benefit permitted under the Contract. Payments by AXA Equitable from the Guaranteed Rate Account pursuant to Section 3.06, Section 3.10 or Section 3.11 or any commuted payments arising from an annuity pursuant to Section 4.05 may be deferred for up to six months after receipt of a written request for such withdrawal or termination, receipt of due proof of disability or death of the Annuitant, or receipt of due documentation for such commutation. Interest at the applicable Guarantee Rate for the amount withdrawn will be allowed on any payment deferred for 30 days or more.