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Common use of Deposit Period Clause in Contracts

Deposit Period. A day, a calendar week, a calendar month, a calendar quarter, or any other period of time specified by GALIC during which a Purchase Payment(s), Transfer(s) and/or Reinvestment(s) may be allocated to one or more Fixed Account Guaranteed Terms. GALIC reserves the right to shorten or to extend the Deposit Period. During a Deposit Period, GALIC may offer any number of Guaranteed Terms and more than one Guaranteed Term of the same duration may be offered.

Appears in 3 contracts

Samples: Group Flexible Premium Deferred Combination Variable and Fixed Annuity Master Contract (VOYA INSURANCE & ANNUITY Co), Variable Annuity Group Master Contract (Golden American Life Insurance Co /Ny/), Variable Annuity Group Master Contract (Separate Account B of Golden American Life Insurance Co)

Deposit Period. A day, a calendar week, a calendar month, a calendar quarter, or any other period of time specified by GALIC during which a Purchase Payment(s), Transfer(s) ), and/or Reinvestment(s) may be allocated to one or more Fixed Account Guaranteed Terms. GALIC reserves the right to shorten or to extend the Deposit Period. During a Deposit Period, GALIC may offer any number of Guaranteed Terms and more than one Guaranteed Term of the same duration may be offered.

Appears in 3 contracts

Samples: Flexible Premium Deferred Combination Variable and Fixed Annuity Contract (VOYA INSURANCE & ANNUITY Co), Variable Annuity Contract (Separate Account B of Golden American Life Insurance Co), Variable Annuity Contract (Separate Account B of Golden American Life Insurance Co)