Unclaimed Items Clause Samples

The Unclaimed Items clause outlines the procedures and responsibilities regarding property or goods left behind by a party after the conclusion of a contract or event. Typically, it specifies how long the holder must retain the items, the method of notifying the owner, and the steps to dispose of or claim the property if it remains uncollected, such as donation, sale, or destruction. This clause ensures there is a clear process for handling abandoned property, thereby reducing disputes and clarifying liability for both parties.
Unclaimed Items. The University reserves the right to remove unidentified/unclaimed items from all areas in the residence halls. Unclaimed items may be packed, stored, and/or shipped at the student’s expense if such removal is deemed necessary by the Office of Residential Life.
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Unclaimed Items. Any personal property remaining in the residence hall after the term of this Agreement has expired, or once this Agreement has been terminated, shall be deemed unclaimed. The University reserves the right to remove unclaimed items from all areas in the residence halls. Unclaimed items may be disposed of in a manner deemed appropriate by the University, or packed, stored, and/or shipped at the student’s expense.
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Unclaimed Items. If any Client owned property remains at the Paragon Facility for a period longer than [***] after expiration or termination of an SOW/Project Plan (unless it is to be used in connection with another SOW/Project Plan for Client), Paragon shall have no obligation to store or return items. If such items include biological, chemical, hazardous materials, or consumables, such items will be disposed at Paragon’s convenience and Paragon shall invoice Client for all cost to Paragon associated with disposal (in the amount calculated pursuant to the Procurement Cost definition) and Client shall pay the invoiced amount in accordance with Section 6.3. If such items include Designated Equipment, all right title and interest shall vest in Paragon upon expiration of the [***] period and Paragon shall thereafter be free to use, sell or transfer the Designated Equipment as it sees fit.
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Unclaimed Items. Lost & Found items are held for 60 DAYS while we attempt to
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Related to Unclaimed Items

  • 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 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.

  • 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.