Unclaimed Prizes Sample Clauses

Unclaimed Prizes. (a) After the cancellation or expiry of the Licence, the Licensee must: (i) retain an amount equal to the sum of all prizes won that have not been claimed by the Players and deal with such prizes in the manner specified in section 6A.3.39D of the Act; or (ii) pay all prizes to eligible Players in accordance with the Keno Rules.
Sample 1
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Unclaimed Prizes. (a) All funds to pay a Grand Prize that went unclaimed shall be returned to Selling Lotteries in proportion to sales by Selling Lotteries for the Grand Prize in question after the claiming period set by the Selling Lottery selling the winning ticket expires. If after a winning Mega Millions ticket has not been claimed or redeemed and the corresponding prize monies have been returned to Party Lotteries pursuant to this Rule, a claim is made or redemption sought which a Party Lottery pays (i) as a result of the provisions of the Serviceman’s Civil Relief Act (50 U.S.C.S. Appx. § 526); (ii) as a result of jurisdictional legislation adopted to satisfy the requirements of the Serviceman’s Civil Relief Act; or (iii) as a result of jurisdictional legislation requiring such payment to a member of the armed forces who was engaged in active military service outside the paying Party Lottery jurisdiction when the usual permitted time period to make a claim or seek redemption expired, each other Party Lottery shall reimburse the paying Party Lottery in an amount equal to the amount such other Party Lottery would have contributed to the prize had the claim been made or redemption sought within the usual permitted time period for that claim or redemption. The provisions of this rule shall remain in force and effect and be binding upon the Party Lotteries without regard to whether the Mega Millions game remains in existence and/or whether the Party Lottery seeking reimbursement has withdrawn from the game at the time a Party Lottery seeks reimbursement pursuant to this rule. (b) The return of unclaimed Grand Prize funds shall occur promptly upon the termination of the relevant claim period for the participating lottery in which the unclaimed Grand Prize Mega Millions ticket was purchased. Interest accretion on any securities purchased to fund the unclaimed Grand Prize will be reflected in market rates at the time of liquidation by the Purchaser of the securities. The Purchaser shall return interest earned on unclaimed cash Grand Prizes based on the interest yields realized on such funds during the claim period. (c) By agreement with the Mega Millions Lotteries, the Product Group will not participate in the sharing of liabilities at the low-tier prize level (all prizes below the Grand Prize) and shall not reconcile unclaimed low-tier prizes with the Mega Millions Lotteries.
Sample 1
Unclaimed Prizes. (a) All funds to pay a Mega Millions Grand Prize that went unclaimed shall be returned to Selling Lotteries in proportion to sales by Selling Lotteries for the Mega Millions Grand Prize in question after the claiming period set by the Selling Lottery selling the winning Play expires. (b) The return of unclaimed Mega Millions Grand Prize or Double Play First Prize funds shall occur promptly upon the termination of the relevant claim period for the Participating Lottery in which the unclaimed Grand Prize Play or Double Play First Prize Play was purchased. Interest accretion on any securities purchased to fund an unclaimed Mega Millions Grand Prize will be reflected in market rates at the time of liquidation by the Purchaser of the securities. The Purchaser shall return interest earned on unclaimed cash value option Mega Millions Grand Prizes based on the interest yields realized on such funds during the claim period. Any interest earned on unclaimed Mega Millions Grand Prizes and Double Play First (c) By agreement with the Mega Millions Lotteries, the Product Group will not participate in the sharing of liabilities at the low-tier prize level (all prizes below the Mega Millions Grand Prize or Double Play First Prize) and shall not reconcile unclaimed low-tier prizes with the Mega Millions Lotteries.
Sample 1

Related to Unclaimed Prizes

  • 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.

  • Unclaimed Funds If funds for the payment of principal or interest remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Company at its written request. After that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease.

  • Unclaimed Money If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Company at its request unless an abandoned property law designates another Person. After any such payment, Holders entitled to the money must look only to the Company and not to the Trustee for payment.

  • 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.

  • Return of Unclaimed Moneys Any moneys deposited with or paid to the Trustee or any paying agent for payment of the principal of or premium, if any, or interest on Securities and not applied but remaining unclaimed by the holders of Securities for two years after the date upon which the principal of or premium, if any, or interest on such Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee or such paying agent on written demand; and the holder of any of the Securities shall thereafter look only to the Company for any payment which such holder may be entitled to collect and all liability of the Trustee or such paying agent with respect to such moneys shall thereupon cease.

  • Return of Unclaimed Monies Subject to the requirements of applicable law, any monies deposited with or paid to the Trustee for payment of the principal of, premium, if any, or interest on Notes and not applied but remaining unclaimed by the holders of Notes for two years after the date upon which the principal of, premium, if any, or interest on such Notes, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on demand and all liability of the Trustee shall thereupon cease with respect to such monies; and the holder of any of the Notes shall thereafter look only to the Company for any payment that such holder may be entitled to collect unless an applicable abandoned property law designates another Person.

  • Unclaimed Property and Lost Shareholders The Transfer Agent shall report unclaimed property to each state in compliance with state law and shall comply with Section 17Ad-17 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for lost Shareholders. If the Fund is not in compliance with applicable state laws, there will be no charge for the first two years for this service for such Fund, other than a charge for due diligence notices (reflected on Schedule 5.1) provided that after the first two years, the Transfer Agent will charge such Fund its then standard fee plus any out-of-pocket expenses.

  • Distribution of Exchange Fund to Parent Any portion of the Exchange Fund that remains undistributed to the holders of the Certificates or Uncertificated Shares on the date that is one year after the Effective Time will be delivered to Parent upon demand, and any holders of shares of Company Common Stock that were issued and outstanding immediately prior to the Merger who have not theretofore surrendered or transferred their Certificates or Uncertificated Shares representing such shares of Company Common Stock for exchange pursuant to this Section 2.9 will thereafter look for payment of the Per Share Price payable in respect of the shares of Company Common Stock represented by such Certificates or Uncertificated Shares solely to Parent (subject to abandoned property, escheat or similar Laws), solely as general creditors thereof, for any claim to the Per Share Price to which such holders may be entitled pursuant to Section 2.7.

  • Unclaimed Money or Securities The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for the payment of any amount with respect to the Securities that remains unclaimed for two years, subject to applicable unclaimed property laws. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person.

  • Payment Fund “Payment Fund” is defined in Section 2.6(a) of the Agreement.

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