Unclaimed Balances Sample Clauses

Unclaimed Balances. The property of the Account may be deemed to be abandoned or unclaimed as per the definitions of any applicable provincial legislation. In addition to any timelines prescribed by legislation, the Trustee may, at its sole discretion, deem an account to be abandoned and any property to be unclaimed. The Trustee may, after making reasonable efforts to contact the Account Holder, withdraw the abandoned amounts and may, in its discretion, liquidate part or all of the abandoned property. Any such liquidation shall be made at such prices as the Trustee may in its discretion determine to be the fair market value of the property at the time. In the case of investments which are illiquid or which have no readily ascertainable market value, the Trustee may in its discretion sell the investments to the Agent for the Agent’s own account, at such prices as the Trustee considers fair and proper. The property, and/or the proceeds of liquidation may be remitted to the appropriate government agency. In the alternative, the Trustee may, in its sole discretion, allocate the property or proceeds of liquidation to a pooled account for dormant amounts. The terms, jurisdiction, and other details of this account will be determined by the Trustee, and in the Trustee’s sole discretion. The Trustee may also, in its sole discretion, allocate the property or proceeds of liquidation to an existing account in the Account Holder’s name, or to a new account which would be opened on the Account Holder’s behalf. The Account Holder may at any time, or as prescribed in any applicable legislation, instruct the Trustee to return the property/proceeds of liquidation to the Account Holder’s control and/or possession. The Trustee and/or the Agent may charge reasonable expenses incurred in the administration of this process as set out in section 21, hereto. As part of the Trustee’s program to manage unclaimed property, the Trustee may engage a third party in order to contact the Account Holder. The Account Xxxxxx authorizes the Trustee to take this action and share the personal information of the Account Holder reasonably required to contact the Account Holder.
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Unclaimed Balances. Unclaimed balances are handled in accordance with the Credit Union Act (Alberta). Servus Credit Union will be responsible to notify members with unclaimed balances within the timelines set out in such Act. Unclaimed balances of $100 or more on which no valid claims have been made for 10 years, are transferred to the Credit Union Deposit Guarantee Corporation.
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Unclaimed Balances. 26.1 If for a period of 15 years there has been no customer initiated contact on your account with us and (a) the amount standing to the credit of such account is less than £10, or (b) you cannot be traced after reasonable enquiry, we may close your account, in which case any funds it contains will be forfeited to Kent Reliance. However, if you prove you are the owner of the account, we may re-open it and re-credit the funds, subject to the availability of that product at the time.
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Unclaimed Balances. If (a) for a period of 15 years there have been no customer-initiated transactions on your account with us, (b) the amount standing to the credit of such account is less than £10, and (c) you cannot be traced after reasonable enquiry, we may close your account in which case any funds which it contains will be forfeited to us. However, if you prove your ownership of the account we may re- open it and re-credit the funds.
Sample 1
Unclaimed Balances. Unclaimed balances are handled in accordance with the Credit Union Act (Alberta). The Credit Union will be responsible for notifying members of unclaimed balances within the timelines set out in this Act. Unclaimed balances of $100 or more on which no valid claims have been made for 10 years, are transferred to the Credit Union Deposit Guarantee Corporation
Sample 1

Related to Unclaimed Balances

  • Unclaimed Deposits Fifteen (15) months following the Bank Closing Date, the Assuming Institution will provide the Receiver a listing of all deposit accounts, including the type of account, not claimed by the depositor. The Receiver will review the list and authorize the Assuming Institution to act on behalf of the Receiver to send a “Final Legal Notice” in a form substantially similar to Exhibit 2.3A to the owner(s) of the unclaimed deposits reminding them of the need to claim or arrange to continue their account(s) with the Assuming Institution. The Assuming Institution will send the “Final Legal Notice” to the depositors within thirty (30) days following notification of the Receiver’s authorization. The Assuming Institution will prepare an Affidavit of Mailing and will forward the Affidavit of Mailing to the Receiver after mailing out the “Final Legal Notice” in a form substantially similar to Exhibit 2.3B to the owner(s) of unclaimed deposit accounts. If, within eighteen (18) months after Bank Closing, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Deposit assumed pursuant to Section 2.1 at the Assuming Institution, the Assuming Institution shall, within fifteen (15) Business Days after the end of such eighteen (18) month period, (i) refund to the Receiver the full amount of each such deposit (without reduction for service charges), (ii) provide to the Receiver a schedule of all such refunded Deposits in such form as may be prescribed by the Receiver, and (iii) assign, transfer, convey, and deliver to the Receiver, all right, title, and interest of the Assuming Institution in and to the Records previously transferred to the Assuming Institution and other records generated or maintained by the Assuming Institution pertaining to such Deposits. During such eighteen (18) month period, at the request of the Receiver, the Assuming Institution promptly shall provide to the Receiver schedules of unclaimed deposits in such form as may be prescribed by the Receiver.

  • Unclaimed Property If there is no record of Card activity for an extended period of time, applicable state law may require the Bank to report the balance on the Card as unclaimed property. If this occurs, we may try to locate the owner of the Card at the address shown in our records. If we are unable to locate you, we may be required to deliver any value remaining on the Card to the state as unclaimed property.

  • BALANCE Balance is due 60 days prior to arrival date and includes a refundable damage deposit. The balance is due on _BalanceDueDate_. Payment may be made by major credit card. Checks will be accepted upon approval; if funds are not credited within seven days booking will be cancelled; if this happens, deposits will be refunded less a $150.00 administrative fee. If a damage deposit is collected, it will be refunded within 7 -10 days of checkout pending inspection by cleaning team. CANCELLATION POLICY In the event that you must cancel your reservation, please be aware that cancellations must occur at least 30 days prior to arrival date. If cancellation occurs 30 days or more prior to arrival date all monies will be refunded. GUESTS THAT CANCEL WITHIN THE 30-DAY TIME FRAME BEFORE CHECK-IN WILL BE CHARGED THE FULL AMOUNT. There will be no refund for early departure unless authorities request mandatory evacuation. Vacation Insurance through RentalGuardian is recommended. HAZARDOUS PRACTICES No barbeque grills of any kind are permitted on balconies or in the unit. No open flames ie. candle burning is permitted on balconies or in the unit. Do not dismantle smoke detectors as they are there for your protection. Use the overhead stove fan when cooking to avoid accidental, activation of smoke detector alarm. ITEMS LEFT ON PROPERTY Any items left that a guest wishes to be returned and shipped will incur a $30 fee plus shipping. PET POLICY - Please refer to the booking site to see if pets are allowed. Pets are only allowed in certain homes. Payment of a $100 per pet fee is required to be completed prior to arrival. If evidence of a pet(s) is found in a non-pet friendly unit or on the premises you will be asked to vacate immediately with no refund of rent or damage deposit unless you received written approval. The credit card on file will be charged for the costs of cleaning and such other costs including, but not limited to, extermination of fleas/insects, cleaning/deodorization of carpets and window treatments and/or repair of any damage to the property caused by pet. FAMILY RENTAL ONLY Reservations made for teenagers or young single groups will not be honored without any accompanying adult staying in the unit at ALL times. We require at least one member of the party to be 25 (twenty-five) years of age! Any violators will be evicted according to local statutes with forfeiture of all monies.

  • Minimum Balance Merchant agrees to maintain a minimum balance of funds in the Settlement Account as Bank may specify to Merchant in writing from time to time.

  • Credit Balances No interest or other amount will be paid by us on any credit balance on the Unallocated Account.

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