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 3.10.
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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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Examples of Unclaimed Account in a sentence

  • In the event that the account is Dormant, whereby no transaction has been made in the account by the Customer for a period of five (5) years, the account will automatically convert to an Unclaimed Account, and the Customer should visit any branch of the Bank in order to reactivate it (subject to fees and/or service charges in accordance with the Banking Fees & Service Charges).

  • 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).

  • Dividend, if unclaimed, shall be credited to the Dividend Unclaimed Account of the member.

  • The Unclaimed Account Fee is charged on a per account basis each calendar quarter for all accounts (i) that are not fully activated, or (ii) in respect of which Scotia iTRADE does not have a valid and current mailing address on file.

  • If after those five (5) years, you apply to activate your Unclaimed Account or to withdraw any part of your balance from your Unclaimed Account, we may open a new Account or pay you your Unclaimed Account balance after verification of your ID, your attorney’s ID or your heirs’ attorney’s ID (if applicable).

  • 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.

  • 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.

  • If a Participant or Beneficiary does not respond to such notice within a reasonable time after it is mailed, if such notice is returned, or if a distribution check mailed to a Participant or Beneficiary is not cashed within three months after it is mailed, the Account of such Participant or Beneficiary may be deemed unclaimed ("Unclaimed Account").

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


More Definitions of Unclaimed Account

Unclaimed Account shall have the meaning set forth in Section 3.11 hereof.
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Related to Unclaimed Account

  • Unclaimed Property means any distribution to any Creditor under this Plan that is unclaimed sixty (60) days following the date of such distribution under this Plan.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.