Common use of TRANSACTION DATE Clause in Contracts

TRANSACTION DATE. All transaction requests and Contributions that are timely made and received and in Good Order before the close of business of the New York Stock Exchange will be processed as of the date received, and if received after the close of business of the New York Stock Exchange will be processed on the next Business Day. However, to the extent permitted under applicable law, Great-West is not liable for the results of any delay or interruption as a result of causes or conditions beyond its control including, without limitation, labor disputes, riots, war and war-like operations including acts of terrorism, epidemics, explosions, sabotage, acts of God, failure of power, fire or other casualty, natural disasters or disruptions in orderly trading on any relevant exchange or market, including disruptions due to extraordinary market volume that result in substantial delay in receipt of correct data.

Appears in 1 contract

Sources: Nonparticipating, Individual Flexible Premium Variable Deferred Annuity Contract (Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Company))

TRANSACTION DATE. All transaction requests and Contributions that are timely made and received and in Good Order before the close of business of the New York Stock Exchange will be processed as of the date received, and if received after the close of business of the New York Stock Exchange will be processed on the next Business Day. However, to the extent permitted under applicable law, Great-West of New York is not liable for the results of any delay or interruption as a result of causes or conditions beyond its control including, without limitation, labor disputes, riots, war and war-like operations including acts of terrorism, epidemics, explosions, sabotage, acts of God, failure of power, fire or other casualty, natural disasters or disruptions in orderly trading on any relevant exchange or market, including disruptions due to extraordinary market volume that result in substantial delay in receipt of correct data.

Appears in 1 contract

Sources: Individual Flexible Premium Variable Deferred Annuity Contract (Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Co of New York))

TRANSACTION DATE. All transaction requests and Contributions that are timely made and received and in Good Order with all required documentation at Great-West’s Administrative Offices before the close of business of the New York Stock Exchange will be processed as of the date received, and if received after the close of business of the New York Stock Exchange will be processed on the next Business Day. However, to the extent permitted under applicable law, Great-West is shall not be liable for the results of any delay or interruption as a result of causes or conditions beyond its control including, without limitation, labor disputes, riots, war and war-like operations including acts of terrorism, epidemics, explosions, sabotage, acts of God, failure of power, fire or other casualty, natural disasters or disruptions in orderly trading on any relevant exchange or market, including disruptions due to extraordinary market volume that result in substantial delay in receipt of correct data.

Appears in 1 contract

Sources: Individual Deferred Annuity Contract (Variable Annuity-8 Series Account)

TRANSACTION DATE. All transaction requests and Contributions that are timely made and received and in Good Order before the close of business of the New York Stock Exchange will be processed as of the date received, and if received after the close of business of the New York Stock Exchange will be processed on the next Business Day. However, to the extent permitted under applicable law, Great-West is not be liable for the results of any delay or interruption as a result of causes or conditions beyond its control including, without limitation, labor disputes, riots, war and war-like operations including acts of terrorism, epidemics, explosions, sabotage, acts of God, failure of power, fire or other casualty, natural disasters or disruptions in orderly trading on any relevant exchange or market, including disruptions due to extraordinary market volume that result in substantial delay in receipt of correct data.

Appears in 1 contract

Sources: Group Fixed and Variable Deferred Annuity Contract (Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Company))