Common use of Processing Deposits Clause in Contracts

Processing Deposits. New Participants. The initial Deposit for a new Participant will be credited to the Participant’s Account Value no later than two (2) Business Days after receipt, if the Deposit is received in good order (with all necessary information). If the Deposit cannot be applied as received, we will notify you and credit the Deposit to the Pending Allocation Account until we receive all necessary information.

Appears in 4 contracts

Samples: Group Variable Annuity Contract (Standard Insurance Co), Group Variable Annuity Contract (Standard Insurance Co), Group Variable Annuity Contract (Standard Insurance Co)

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Processing Deposits. New Participants. The initial Deposit for a new ------------------------------------- Participant will be credited to the Participant’s 's Account Value no later than two (2) Business Days after receiptreceipt (at the address just described), if the Deposit is received in good order (with all necessary information). If the Deposit cannot be applied as received, we will notify you and credit the Deposit to the Pending Allocation Account until we receive all necessary information.

Appears in 1 contract

Samples: Group Variable Annuity Contract (Standard Insurance Co)

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