DORMANT AND INACTIVE ACCOUNTS Sample Clauses

DORMANT AND INACTIVE ACCOUNTS. The Client acknowledges that COL has the right to impose reasonable charges if the Account is classified as either Inactive or Dormant. Inactive accounts are accounts without any trading transaction for more than one (1) year while Dormant accounts are accounts without any trading transaction for more than three (3) years.
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DORMANT AND INACTIVE ACCOUNTS. Dormant fee is a monthly fee imposed on a trading account which has become archived due to inactivity (trading/deposits/withdrawals) for a period of sixty (60) calendar days, and which have free balance in the account. Inactive Accounts will be charged with an “Inactivity Fee” on a monthly basis as follows: 0 to 2 months An Inactivity Fee of 80 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 61 days of inactivity, retroactive for the whole dormant period. 2 to 3 months An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 91 days of inactivity, retroactive for the whole dormant period. 3 to 6 months An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 151 days of inactivity. Over 6 months An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 181 days of inactivity.
Sample 1
DORMANT AND INACTIVE ACCOUNTS. The Client is acknowledged, understands and fully agrees that the Company reserves the right to charge a monthly maintenance fee to keep the inactive account available to the client along with the Company’s services and systems at all times. Inactive/dormant account is considered to be an account with no or low (defined as 5 transactions per month) trading activity in the Client’s account for a consecutive period of 2 months. The client shall proceed to withdraw the available funds and close the account, otherwise the following maintenance fee will be applied accordingly: 60 days In case the maintenance of the dormant account exceeds 60 days, the account will be charged retroactively for 80 EUR for each month of maintenance or the equivalent amount in the client’s currency as per the exchange rate that day, e.g. if your account was maintained for 2 months, the fee will be 160 EUR = (80×2) 61 to 150 days 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day 151 to 240 days 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day Over 241 days 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day
Sample 1
DORMANT AND INACTIVE ACCOUNTS. If you have not made a withdrawal from, deposit to, or transfer from your account for a period of twelve (12) months and the Credit Union has been unable to communicate with you by regular mail during that period, the Credit Union may classify your account as a dormant account and may charge a dormant account service fee as allowed by applicable law and as set forth on the Service Charge Schedule. The Credit Union will notify you at your last known address two (2) months prior to imposing any fee. You authorize us to transfer funds from any of your available savings, checking or money market accounts to cover the monthly service fee, if necessary. If a deposit or withdrawal has not been made on your account and the Credit Union has had no other contact with you for fve (5) years as required by the Uniform Unclaimed Property Act, the account will be presumed to be abandoned. Funds in abandoned accounts will be remitted in accordance with state law. Once funds have been turned over to the state, the Credit Union has no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.
Sample 1
DORMANT AND INACTIVE ACCOUNTS. 23.1 The Client acknowledges and agrees that the account will be classified as “dormant” if you have neither deposited/ withdrawn any amount nor placed any trade for 180 consecutive days. 23.2 OneRoyal shall treat the Account as dormant notwithstanding the Account’s equity. 23.3 The Client acknowledges and agrees that OneRoyal shall apply monthly fees of 10 USD when you do not have open trades for 180 consecutive days. 23.4 The Account will be classified as “inactive” if you have neither deposited/withdrawn any amount nor placed any trade for 365 consecutive days. 23.5 The Client acknowledges and agrees to provide XxxXxxxx with whatever information and execute such additional documentation as OneRoyal may reasonably require in case, he/she wishes to reactivate the Account.
Sample 1
DORMANT AND INACTIVE ACCOUNTS. The Client acknowledges that the Company has the right to impose reasonable charges if the Account is classified as either Inactive or Dormant. Inactive accounts are accounts without any trading transaction for more than one (1) year while Dormant accounts are accounts without any trading transaction for more than two (2) years.
Sample 1
DORMANT AND INACTIVE ACCOUNTS. Trading Accounts with no trading activity (trading activity shall mean open/close a trade or deposit) for a consecutive period of 60 days shall be classified as Inactive Accounts. For example, during the period of 60 days the client did not open any new trade or did not make any new deposit. Inactive Accounts will be charged with an Inactivity Fee as follows: Over 61 Days An Inactivity Fee of 160 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 61 days of inactivity, retroactive for the whole dormant/inactive period Over 91 Days An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 91 days of inactivity Over 121 Days An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 121 days of inactivity Over 151 Days An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 151 days of inactivity Over 181 Days An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 181 days of inactivity Over 211 Days An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 211 days of inactivity Over 241 Days An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 241 days of inactivity Over 271 Days An Inactivity Fee of 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 271 days of inactivity Over 301 Days An Inactivity Fee of 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 301 days of inactivity Over 331 Days An Inactivity Fee of 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 331 days of inactivity Where you have more than one (1) Trading Account and all such Trading Accounts are considered as Inactive Accounts, please note that the Inactivity Fee shall be charged separately for each of the respective Trading Account.
Sample 1
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DORMANT AND INACTIVE ACCOUNTS. Trading Accounts with no trading activity (trading activity shall mean open/close a trade or deposit) for a consecutive period of 30 days shall be classified as Inactive Accounts. For example, during the period of 30 days the client did not open any new trade or did not make any new deposit. Inactive Accounts will be charged with an Inactivity Fee as follows: 1 30 € - None 2 60 € 100 €50 Per month (effective from Day 1) 3 90 € 50 €50 Per month 4 120 € 100 €100 Per month 5 150 € 100 €100 Per month 6 180 € 100 €100 Per month 7 210 € 250 €250 Per month 8 240 € 250 €250 Per month 9 270 € 250 €250 Per month 10 300 € 500 €500 Per month 11 330 € 500 €500 Per month 12 360 € 500 €500 Per month Where you have more than one (1) Trading Account and all such Trading Accounts are considered as Inactive Accounts, please note that the Inactivity Fee shall be charged separately for each of the respective Trading Account.
Sample 1

Related to DORMANT AND INACTIVE ACCOUNTS

  • Inactive Accounts If your PayPal account is inactive for at least 12 consecutive months, we may charge an annual inactivity fee. Inactive means that you have not logged into your PayPal account or otherwise used your PayPal account to send, receive or withdraw money. You are responsible for all reversals, chargebacks, claims, fees, fines, penalties and other liability incurred by PayPal, any PayPal user, or any third party caused by or arising out of your breach of this user agreement and/or your use of PayPal services irrespective of termination, suspension or closure You agree to reimburse PayPal, a user, or a third party for any and all such liability. You agree that we may set off any of the amounts held in accounts held or controlled by you with any fees, charges or other amounts you owe us and any such amounts you owe to our affiliates as defined in the Indemnification and Limitation of Liability section below (including, without limitation, in respect of any services provided by any such affiliate). In simple terms, our right to set off means that we may deduct such fees, charges or other amounts mentioned in this section from a balance in a PayPal account held or controlled by you. If there are insufficient funds in your balance to cover your liability, we reserve the right to collect the amount you owe us by deducting the amount (or any part of it) from any payments received in or money you add to your PayPal account. Otherwise you agree to reimburse us through other means. We may also recover amounts you owe us through legal means, including, without limitation, through the use of a debt collection agency.

  • Inactive and Dormant Client Accounts 24.1. Inactivity Fees: Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity) on your Trading Account for a period of at least two (2) months or more, the Company reserves the right, to charge a monthly inactivity fee on your Trading Account, in return for the provision of the continued availability of your Trading Account. You agree that you are liable to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from any funds held by us on your behalf. The monthly inactivity fee shall increase as the total period of inactivity increases. The exact fee schedule will be calculated according to the currency denomination of your Trading Account and is set out as follows or as changed by the Company from time to time and notified to the Client: Inactivity period Monthly Trading Account Inactivity Fee 0 to 2 months 0 2 to 3 months 80 EUR or the equivalent amount in the client's currency as per the exchange rate that day 3 to 6 months 120 EUR or the equivalent amount in the client's currency as per the exchange rate that day Over 6 months 200 EUR or the equivalent amount in the client's currency as per the exchange rate that day 24.2. If the Trading Account is inactive for four (4) years or more, and after notifying the Client in its last known contact details, the Company reserves the right to close the Trading Account and render it dormant. Money in the dormant account shall remain owing to the Client and the Company shall make and retain records and return such funds upon request by the Client at any time thereafter. 24.3. In the event of inactivity or dormancy, the company reserves the right to cancel any unused (“active”) bonuses. The conditions set forth in Bonus Terms and Conditions policy will apply.

  • Dormant Accounts If you have not made a withdrawal from, or a deposit to, your Account for an extended period of time and we have been unable to contact you, your Account may be classified by us as dormant. Subject to applicable law, we may charge a dormant account fee on the Account, and the Account will be presumed to be abandoned. In accordance with state law, funds in abandoned accounts will be remitted to the custody of the applicable state agency, and we will have no further liability to you for such funds. We reserve the right not to send statements on accounts we consider dormant, subject to applicable law. ACCOUNT STATEMENTS. You are responsible for promptly examining your statement each statement period and reporting any irregularities to us. Each account statement will be considered to correctly reflect your transactions, such as deposits, withdrawals, credits, refunds, imposition of fees, interest or dividends, and other additions and subtractions to your Account, unless you notify us in writing within certain time limits after the statement that incorrectly reflects your transactions is made available to you. We will not be liable for any check that is altered or any signature that is forged unless you notify us within Thirty (30) calendar days after the statement and the altered or forged item(s) are made available. Also, we will not be liable for any subsequent items paid, in good faith, containing an unauthorized signature or alteration by the same wrongdoer unless you notify us within Ten (10) calendar days after the statement and first altered or forged items were made available. You must report any other Account problem including encoding errors, and errors involving additions or subtractions (debits and credits) not otherwise covered herein, including electronic transactions not covered by the Electronic Fund Transfer Act, within Thirty (30) calendar days. If the suspected account problem involves a substitute check that you receive, you may (under some circumstances) be entitled to make a claim for an expedited refund. Such a claim may be subject to different notification timeframes. See the Substitute Check Policy Disclosure (if applicable) for further information. If you have requested us to hold your Account statements, we have the right to mail your statements if you have not claimed them within Thirty (30) calendar days. If we truncate your checks, you understand that your original checks will not be returned to you with your statement. You agree that our retention of checks does not alter or waive your responsibility to examine your statements or change the time limits for notifying us of any errors.

  • Administrative Accounts In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.

  • Business Accounts If you are a business, any authorized user of your business is authorized on such terms, conditions, and agreements as we may require to: • enter into this Agreement, as amended from time to time; • access each account of yours in any manner and for any purpose available through the Service, whether now available or available at some time in the future; and • use any Online banking service in any manner and for any purpose available through the Service, whether now available or available at some time in the future.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"): (i) a Securities Account in the name of Customer on behalf of each Fund for Financial Assets, which may be received by Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an account in the name of Customer ("Cash Account") for any and all cash in any currency received by Bank or its Subcustodian for the account of Customer. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required to have a cash account in its own name held directly with the relevant Subcustodian shall be held in that manner and shall not be part of the Cash Account. Bank shall notify Customer prior to the establishment of such an account. (b) At the request of Customer, additional Accounts may be opened in the future, which shall be subject to the terms of this Agreement. (c) Except as precluded by Section 8-501(d) of the Uniform Commercial Code ("UCC"), Bank shall hold all Securities and other Financial Assets, other than cash, of a Fund that are delivered to it in a "securities account" with Bank for and in the name of such Fund and shall treat all such assets other than cash as "financial assets" as those terms are used in the UCC.

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Addition of Accounts (a) (i) If, from time to time, Funding (A) becomes obligated to designate Additional Accounts pursuant to Subsection 2.08(a) of the Pooling and Servicing Agreement, or (B) elects to designate Additional Accounts pursuant to Subsection 2.08(b) of the Pooling and Servicing Agreement, then in either case Funding may, at its option, give Capital One written notice thereof on or before the eighth Business Day prior to the Addition Date therefor, and upon receipt of such notice Capital One shall on or before the Addition Date, designate sufficient Eligible Accounts to be included as Additional Accounts as requested by Funding. (ii) Additionally, Capital One may, at its option and with the consent of Funding, designate newly originated Eligible Accounts to be included as Additional Accounts. (b) On the Addition Date with respect to any designation of Additional Accounts, such Additional Accounts shall become Accounts, and Funding shall purchase Capital One’s right, title and interest in, to and under the Receivables in such Additional Accounts and the related Purchased Assets as provided in Section 2.01, subject to the satisfaction of the following conditions on such Addition Date: (i) Capital One shall have delivered to Funding copies of UCC financing statements covering such Additional Accounts, if necessary to perfect Funding’s interest in the Receivables arising therein and the related Purchased Assets; (ii) as of each of the Additional Cut-Off Date and the Addition Date, no Insolvency Event with respect to Capital One shall have occurred nor shall the sale of the Receivables arising in the Additional Accounts and the related Purchased Assets to Funding have been made in contemplation of the occurrence thereof; (iii) Capital One shall have delivered to Funding an Officer’s Certificate of Capital One, dated the Addition Date, to the effect that (A) Capital One reasonably believes that such addition will not, based on the facts known to such officer at the time of such certification, then cause a Pay Out Event under the Pooling and Servicing Agreement or any event to occur that, after the giving of notice or the lapse of time would constitute a Pay Out Event under the Pooling and Servicing Agreement and (B) in the case of Additional Accounts, no selection procedure was utilized by Capital One that would result in a selection of Additional Accounts (from the available Eligible Accounts owned by Capital One) that would be materially adverse to the interests of Funding as of the date of the addition; (iv) Capital One shall have indicated in its computer files that Receivables created in connection with such Additional Accounts and the related Purchased Assets have been sold to Funding and shall have delivered to Funding the Account Schedule with respect to such Additional Accounts (in the case of Additional Accounts designated pursuant to Subsection 2.02(a)(i)); (v) Capital One and Funding shall have entered into a duly executed, written assignment, substantially in the form of Exhibit A (the “Supplemental Conveyance”); and (vi) Capital One shall have delivered to Funding an Officer’s Certificate of Capital One, dated the Addition Date, confirming, to the extent applicable, the items set forth in clauses (i) through (v) above.

  • Location of accounts Each Borrower shall promptly: (a) comply with any requirement of the Agent as to the location or re-location of the Accounts (or any of them); and (b) execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the Accounts.

  • Project Accounts The Grantee agrees to establish and maintain for the Project either a separate set of accounts or accounts within the framework of an established accounting system, in a manner consistent with 49 C.F.R. § 18.20, or 49 C.F.R. § 19.21, as amended, whichever is applicable.

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