Inactive Account Sample Clauses
The Inactive Account clause defines the conditions and procedures that apply when a user's account has not been accessed or used for a specified period of time. Typically, this clause outlines what constitutes inactivity, such as no logins or transactions for a set number of months, and describes the steps the service provider may take, such as sending notifications, restricting access, or eventually closing the account. Its core practical function is to manage dormant accounts efficiently, reduce security risks, and ensure that resources are allocated to active users.
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Inactive Account. The Client's Payment Account is considered inactive when, after a period of twelve (12) months, it has not been the subject of any transaction (excluding management fees) on the initiative of the Client (or any User) and that the latter has not made any representations to Paynovate in any form whatsoever. When the Account is considered inactive, Paynovate informs the Client by any means. In the absence of a response from the Client or any new transaction on the Account and in the case where the balance is positive, the Account will be closed at the end of a period of ten (10) years from the last transaction on the account. The Client will be informed by any means six (6) months before the effective closing of the Account. The balance will be deposited with the authorized Institution and the sums may be claimed by the Client or his beneficiaries for twenty (20) years from their deposit. Paynovate may debit an inactive account management fee each year, to the extent permitted by law.
Inactive Account. An Inactive Account is an Account that has not had a deposit orwithdrawal, or a signed and returnedAccount InactivityForm in aspecifictimeframe(outlinedbelow). See the Fee Schedule for the Inactive Account Fee that will be assessed to your Account if it is deemed an Inactive Account. • Demand Deposit Accounts – 1 year • Savings Accounts – 1 year • Official Bank Checks or Money Orders– 1 year Ifyou re-activateyourAccount, we will not reimburseyouforanyfeesand we arenot liableto youfor anyinterest that would otherwise have accrued inyourAccount.
Inactive Account. If the Client has not traded using its Account or otherwise has not accessed or used it for a continuous period of one hundred and eighty (180) days (the “Inactive Period”) the Account shall be deemed to be inactive. Once the Client's Account has been deemed inactive, NCB Capital will be entitled to charge the Client a maintenance fee (the "Inactive Account Fee"). NCB Capital may deduct an amount up to the Inactive Account Fee from the balance in the Client's Account commencing on the last day of the Inactive Period and then every thirty (30) days thereafter in accordance with the Inactive Account Fee schedule which is available on NCB Capital's Website. All fees and charges (including the Inactive Account Fee) are subject to change by NCB Capital from time to time.
Inactive Account. 5.1 An “inactive account” is a User Account without any Game Entry activity taking place for a period of six
Inactive Account. If you have not placed a trade, opened or closed positions or made a deposit into the Account(s) over a consecutive period of ninety (90) days or more and you are not actively paying monthly and/or quarterly commissions or fees for Market Data, you acknowledge and agree that:
(a) we may (at our sole discretion but we are not obliged to) classify your account as inactive or dormant (“Inactive Account”);
(b) unless prohibited by Applicable Regulations, we may charge a monthly service fee of USD 25, or currency equivalent, whilst the Account remains inactive, for maintenance, administration, and compliance management of such Inactive Account (“Inactivity Fee”);
(c) the Inactivity Fee will be charged separately for each Inactive Account. However, where you have more than one (1) Account, and at least one of your Accounts is active, no Inactivity Fee will apply;
(d) where the balance of any Inactive Account to which Inactivity Fee is applicable is less than the Inactivity Fee, then the Inactivity Fee for such Inactive Account will be equal to the amount of the remaining balance on such Inactive Account;
(e) we reserve the right to charge the Inactivity Fee retroactively for any month in which we had the right to charge it but did not do so;
(f) it is at all times your responsibility to monitor the status of your Account and we will not be obligated to inform you of the change of the status of your Account or to send you any notification prior to any charge of the Inactivity Fee;
(g) any Inactive Account, holding zero (0) balance, may be (at our sole discretion but we are not obligated to) turned to dormant ("Dormant Account");
(h) for re-activation of a Dormant Account, you must contact us and inform us of your wish to reactivate the Dormant Account; and
(i) we reserve the right to request that you submit all relevant information and supported documentation that we deem necesary to process your re-activation request and that we reserve the right to terminate this Agreement if you fail to submit such information and supported documentation in the provided timeframe.
Inactive Account. A Payment Account is deemed inactive if: • the Payment Account has not processed any payment Transactions, excluding deductions made by LEMON WAY for fees and commissions of all kinds, for twelve (12) months, during which • the Account Holder, legal representative or person authorised by them to act on their behalf has not presented themselves to LEMON WAY, in any way, shape or form, or • within the twelve (12) months following Account Holder's death. The Account Holder and its rightful beneficiaries are hereby informed of the consequences of such an event. The assets registered on the inactive Payment Account are deposited in the Caisse des Dépôts et Consignations (Deposits and Consignments Fund) after a period of ten (10) years, starting from the date of the last payment Transaction, excluding amounts debited by LEMON WAY, such as fees and commissions of all kinds; except in the case of the Account Holder's death, in which the assets registered on the inactive payment Account are deposited in the Caisse des Dépôts et Consignations after a period of three (3) years following the Account Holder's death.
Inactive Account. 23.1. The Client acknowledges that if Client does not place a trade during a three (3) month period, and if during such period no OTC FOREX / CFD / METALS / COMMODITIES / INDEX positions are held in Client’s Account and there is zero balance, the Account may be automatically removed from XGLOBAL FX LIMITED system.
23.2. Client will thereafter be required to re-establish an Account prior to placing any further trades, and XGLOBAL FX LIMITED may require additional documentation from Client to reactivate such Account.
Inactive Account. If the Client has not traded using his Account or otherwise has not accessed or used it for a continuous period of one hundred and eighty (180) days (the “Inactive Period”) the Account shall be deemed to be inactive. Once the Client's Account has been deemed inactive, ENBD Capital KSA will be entitled to charge the Client a maintenance fee (the "Inactive Account Fee"). ENBD Capital KSA may deduct an amount up to the Inactive Account Fee from the balance in the Client's Account commencing on the last day of the Inactive Period and then every thirty (30) days thereafter in accordance with the Inactive Account Fee schedule which is available on ENBD Capital KSA's Website. All fees and charges (including the Inactive Account Fee) are subject to change by ENBD Capital KSA from time to time.
Inactive Account. Your Account is classified as inactive if you have not placed an opening, closing or pending Transaction (resting Order) within the previous 90 days.
Inactive Account. If your Account has a status of Inactive, Bankrupt,Closed, or Revoked during the accumulation period, the rebate will be forfeited.