Unclaimed Monies and Assets Sample Clauses

Unclaimed Monies and Assets. If there are any monies, assets and/or other property standing to the credit of any Account (including a trust or custody account) or otherwise held by uSMART SG or its nominee or sub-custodian for and on behalf of the Client which are unclaimed by the Client six (6) years after the Client's last transaction with or through uSMART SG and uSMART SG determines in good faith that it is not able to trace or locate the Client , the Client hereby irrevocably agree that all such monies, assets and/or other property including any and all accretions and accruals thereon (which in the case of monies shall include all interests earned thereon and all investments and their respective accretions and accruals which may have been made with such monies) shall be deemed to have been abandoned by the Client in favour of uSMART SG and may be appropriated by uSMART SG to and for itself to utilise in any manner uSMART SG so wishes for its own benefit. The Client therefore shall have no right to claim such monies, assets and/or other property or their accretions and accruals.
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Unclaimed Monies and Assets. If there are any monies, assets and/or other property standing to the credit of any Account (including a trust or custody account) or otherwise held by USPL or its nominee or sub-custodian for and on behalf of the Client which are unclaimed by the Client six (6) years after the Client's last transaction with or through USPL and USPL determines in good faith that it is not able to trace or locate the Client , the Client hereby irrevocably agree that all such monies, assets and/or other property including any and all accretions and accruals thereon (which in the case of monies shall include all interests earned thereon and all investments and their respective accretions and accruals which may have been made with such monies) shall be deemed to have been abandoned by the Client in favour of USPL and may be appropriated by USPL to and for itself to utilise in any manner USPL so wishes for its own benefit. The Client therefore shall have no right to claim such monies, assets and/or other property or their accretions and accruals.
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Related to Unclaimed Monies and Assets

  • Deposited Cash and Property You should familiarize yourself with the protections accorded money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property which had been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.

  • Collections All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.

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