Unclaimed Account definition

Unclaimed Account means an Account that shows no customer initiated ac- tivity (other than charges pursuant to the Fee Schedule) for a period of thirty six months.
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Unclaimed Account has the meaning set forth in Section 3.5(a)(iii).
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Unclaimed Account shall have the meaning set forth in Section 3.11 hereof.
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Examples of Unclaimed Account in a sentence

  • The Company does not have any outstanding shares in the suspense account and is not required to maintain any Suspense Account or Unclaimed Account as required under Schedule V of SEBI (LODR).

  • In the event the Unclaimed Account remains unclaimed for one year after the end of the Plan Year during which the notice was mailed, the Unclaimed Account shall be forfeited.

  • The Unclaimed Account shall be entitled to all income it earns and shall bear all expenses or losses it incurs.

  • Approval of the final plat shall be null and void if the plat is not recorded within thirty (30) days after the date the last required signature has been obtained or within ninety (90) days after City approval.

  • The Plan Administrator shall request the Social Security Administration to notify the Participant (or Beneficiary) of the existence of the Unclaimed Account in accordance with the procedures it has PriceCostco 401(k) Retirement Plan Page 43 established for this purpose.

  • The Required Beginning Date of a Participant is the later of (A) April 1 of the calendar year following the calendar year in which he attains age 70½ or (B) the calendar year in which he incurs a Termination of Service.10.9 Unclaimed Account Procedure.

  • The amount forfeited shall include any interest, gains, or losses allocated to the Unclaimed Account during the search.

  • After a six-month period during which reasonable steps have been taken to locate the lost Participant or Beneficiary, or such other period of time which is reasonable under the circumstances, if the lost Participant or Beneficiary has not been located, the Plan Administrator may forfeit the Unclaimed Account.

  • Thus, this entire process from identification of the transaction to transfer the same to the Unclaimed Account has now been automated.Policy Document development: Revision in Regulatory GuidelinesIntroduction of new product guidelines for all Pension, ULIP & Traditional policies necessitated the development of fresh policy documents templates for all newly launched products.

  • If a Participant is in any doubt as to the correct beneficiary of an interest payment, the payment shall be returned to CBSL (for credit of Government Securities Unclaimed Account) in accordance with directions, if any, issued by CBSL, with full explanatory details of the underlying transaction.


More Definitions of Unclaimed Account

Unclaimed Account means the account with no Customer-initiated debit or credit transaction for a period of (999) days except transactions initiated by KBZ Bank such as services charges and interest credit.
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Related to Unclaimed Account

  • Unclaimed Property means any funds or other property to be distributed to Creditors pursuant to the Plan and the Creditors’ Trust Agreements which, after an attempted distribution, has not been received by the rightful Creditor. Unclaimed property shall include checks and any other property that have been returned as undeliverable without a proper forwarding address, or which were not mailed or delivered because of the absence of a proper address to which to mail or deliver such property.

  • Unclaimed Distribution means any distribution under the Plan on account of an Allowed Claim or Allowed Interest to a holder that has not: (a) accepted a particular distribution or, in the case of distributions made by check, negotiated such check; (b) given notice to the Reorganized Debtors of an intent to accept a particular distribution; (c) responded to the Debtors’ or Reorganized Debtors’ requests for information necessary to facilitate a particular distribution; or (d) taken any other action necessary to facilitate such distribution.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Income Account Record Date means the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Savings deposit means a form of demand deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the bank during any specified period.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Property Account has the meaning set forth in Section 2.8(c).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Billing Account is the checking account from which all Service fees will be automatically debited.