Common use of Premiums and Other Payments Clause in Contracts

Premiums and Other Payments. All Premiums and loan repayments shall be sent promptly (and in any event not later than two business days after receipt) to the appropriate Equitable Life Company at the address indicated in the rules and procedures of the Equitable Life Companies, or at such other address as the Equitable Life Companies or the Distributor may subsequently specify in writing. Each initial Premium shall be accompanied by a properly completed application for a Contract, unless such Premium is submitted in accordance with the procedures set forth in Exhibit B, which have been accepted and agreed to by the Broker-Dealer and the General Agent, as provided in Exhibit B. Checks in payment of Premiums or outstanding loans shall be drawn to the order of the appropriate Equitable Life Company.

Premiums and Other Payments. All Premiums and loan repayments shall be sent promptly (and in any event not later than two business days after receipt) to the appropriate Equitable Life Company at the address indicated in the rules and procedures of the Equitable Life Companies, or at such other address as the Equitable Life Companies or the Distributor may subsequently specify in writing. Each initial Premium shall be accompanied by a properly completed application for a Contract, unless such Premium is submitted in accordance with the procedures set forth in Exhibit B, which have been accepted and agreed to by the Broker-Dealer and the General Agent, as provided in Exhibit B. Checks or money orders in payment of Premiums or outstanding loans shall be drawn to the order of the appropriate Equitable Life Company.