EFFECT OF AN UNSCHEDULED CLOSE DAY. An unscheduled close day for any given Segment Type is a Business Day on which the value of the Index for the Segment Type is scheduled to be published but is not published. If the New York Stock Exchange is open but an Index price is not published, and the Segment Start Date or Segment Maturity Date falls on that day, we will use the last available Bloomberg closing price for the respective Index as the Index value on the Segment Start Date or Segment Maturity Date, as applicable. If the NY Stock Exchange has an unscheduled close day, such day will no longer be considered a Business Day for purposes of the Segment Start Date and Segment Maturity Date. Any Segment Start Date and Segment Maturity Date falling on an unscheduled Segment close day will be changed to the next Business Day. In the event of a change to the Segment Maturity Date, we will use the closing value from the next Business Day to determine the Segment Maturity Value. We may also defer transactions from the Segment as described in the “Deferment” section.
Appears in 6 contracts
Sources: Individual Flexible Premium Deferred Fixed and Index Linked Variable Annuity Contract (Equitable Financial Life Insurance Co of America (RILA)), Individual Flexible Premium Deferred Fixed and Index Linked Variable Annuity Contract (Equitable Financial Life Insurance Co (RILA)), Individual Flexible Premium Deferred Fixed and Index Linked Variable Annuity Contract (Equitable Financial Life Insurance Co of America (RILA))