Examples of Dormant Account in a sentence
The Company strives to ensure and keep correspondence with each respective Client and will inform the Client by email that their account is treated as Dormant Account and fee is charged to maintain the account.
The scope of the Participant's agency under this agreement relates to Transferred Dormant Account Balances and the relationship and dealings, pursuant to this agreement, with Dormant Account Holders, or other third parties, in relation to, or in connection with, a Transferred Dormant Account Balance.
The Participant acknowledges that, notwithstanding that the Participant may transfer to the Reclaim Fund only the Agreed Proportion Amount under the Alternative Scheme, the liability of the Reclaim Fund under section 2(2)(b) of the Act is in respect of the Dormant Account Balances to which the Agreed Proportion Amount relates and the provisions of clause 2 of Part B of this agreement shall apply accordingly (subject to the modifications set out in clause 5.2(a) of this Part C below).
Basis for Estimates of Future Transfers Text A description of methods used to calculate the projections of future transfers of Dormant Account Balances.
For the purposes of the Alternative Scheme, this relates to the entire Dormant Account Balance being transferred to the Reclaim Fund (in respect of the Agreed Proportion) and to Eligible Charities.