Guaranteed Deposit Accounts ( Clause Samples

Guaranteed Deposit Accounts (. GDAs") 1. This Contract may contain a series of separate and distinct GDAs. Each premium paid or amount transferred from the DIA, another GDA or a Term Deposit Account shall be invested in a new GDA. 2. Premiums invested in a GDA shall be invested on the date they are received by us or on the effective date of transfer from the DIA, another GDA or a Term Deposit Account. 3. The first anniversary date of a GDA is the same day of the month as the Initial Retirement Income Date coincident with, or immediately following the date that premium is invested in the GDA. "Anniversary" shall mean the yearly anniversary of the date on which the first anniversary date falls.