Payment Incident definition

Payment Incident means when a Participant has not fully paid an invoice by

Examples of Payment Incident in a sentence

  • The Allocation Platform is entitled to call upon collateral of a Registered Participant in the event of a registered Payment Incident in accordance with Article 47.

  • C3.4.2 The Participant shall immediately restore its Collaterals after a Payment Incident or Collaterals Incident by following the conditions as set forth in this Section C unless the Participation Agreement is suspended or terminated in accordance with Rule F6 (Suspension and Termination).

  • C3.4: Calls on CollateralsC3.4.1 BritNed is entitled to call upon Collaterals of a Participant in the event of a registered Payment Incident in accordance with Rule C4 (Late Payments).

  • C2.7.3 From the day of notice of a Payment Incident, the rights of the Open Season User to participate in Auctions or in the Secondary Market and to Nominate the Open Season Units that are the subject of the Payment Incident may be suspended by ElecLink as set out in Rule F6.

  • Payment Incident C2.7.1 Without prejudice to the other rights of ElecLink, if any amount due for payment by the Open Season User to ElecLink is not paid in full by the Open Season User within five (5) Business Days after the due date for payment, ElecLink will register such non-payment as a payment incident (a “Payment Incident”) and inform the Open Season User by formal notice.

  • Some commercial banks experienced reputational risk, mainly due to an inadequate internal control system relating to (i) control and combat of money laundering; (ii) reporting of payment incidents to the Payment Incident Bureau and of risk information to the Central Credit Register; and (iii) numerous legal disputes.

  • C.2.7.2 Immediately after registering a Payment Incident pursuant to Rule C2.7.1, ElecLink may invoke the Credit Cover.

  • ElecLink will formally end the suspension by notice to the Open Season User as described in B2.6. C2.7.4 The Open Season User agrees that, at any time during the period of suspension as referred to in Rule C2.7.3, ElecLink may Resell the Open Season Units acquired by it and that are the subject of the Payment Incident.

  • C2.7.3 From the day of notice of a Payment Incident, the rights of the User to participate in Auctions or in the Secondary Market and to Nominate the Units that are the subject of the Payment Incident may be suspended by ElecLink as set out in Rule F6.

  • Payment Incident C2.7.1 Without prejudice to the other rights of ElecLink, if any amount due for payment by the User to ElecLink is not paid in full by the User within five (5) Business Days after the due date for payment, ElecLink will register such non-payment as a payment incident (a “Payment Incident”) and inform the User by formal notice.C.2.7.2 Immediately after registering a Payment Incident pursuant to Rule C2.7.1, ElecLink may invoke the Credit Cover.

Related to Payment Incident

  • Critical incident means an occurrence or set of events inconsistent with the routine operation of the facility, or the routine care of a consumer. Critical incidents specifically include but are not necessarily limited to the following: adverse drug events; self-destructive behavior; deaths and injuries to consumers, staff and visitors; medication errors; consumers that are absent without leave (AWOL); neglect or abuse of a consumer; fire; unauthorized disclosure of information; damage to or theft of property belonging to a consumers or the facility; other unexpected occurrences; or events potentially subject to litigation. A critical incident may involve multiple individuals or results.

  • Data Incident means a breach of Google’s security leading to the accidental or unlawful destruction, loss, alteration, unauthorized disclosure of, or access to, Customer Data on systems managed by or otherwise controlled by Google.

  • Privacy Incident means violation of the Minnesota Government Data Practices Act (Minnesota Statutes chapter 13); violation of federal data disclosure or privacy requirements in federal laws, rules and regulations; and/or breach of a contractual obligation to protect State data. This includes, but is not limited to, improper or unauthorized access to, viewing of, obtaining of, acquisition of, use of, disclosure of, damage to, loss of, modification of, alteration to or destruction of State data protected by such State or federal laws or by contract.

  • Terrorist Incident means an act of violence by any person acting on behalf of or in connection with any organization which is generally recognized as having the intent to overthrow or influence the control of any government, that is deemed terrorism by the United States Government other than civil disorder or riot, that is not an act of war, declared or undeclared, that results in Loss of life or major damage to property.

  • Unusual Incident means incidents involving serious illness or accidents, death of an individual, injury or illness of an individual requiring inpatient or emergency hospitalization, suicide attempts, a fire requiring the services of a fire department, an act of physical aggression, or any incident requiring abuse investigation.

  • Cyber Security Incident means any malicious or suspicious event that disrupts, or was an attempt to disrupt, the operation of those programmable electronic devices and communications networks including hardware, software and data that are essential to the Reliable Operation of the Bulk Power System.++

  • Cyber incident means actions taken through the use of computer networks that result in a compromise or an actual or potentially adverse effect on an information system and/or the information residing therein.

  • Security Incident means any known successful or unsuccessful attempt by an authorized or unauthorized individual to inappropriately use, disclose, modify, access, or destroy any information or interference with system operations in an information system.

  • serious incident means any incident that directly or indirectly led, might have led or might lead to any of the following:

  • Pollution Incident means an occurrence or series of occurrences having the same origin, which results or may result in a discharge of oil and/or hazardous and noxious substances and which poses or may pose a threat to the marine environment, or to the coastline or related interests of one or more States, and which requires emergency action or other immediate response;

  • Minor incident means an occurrence involving a consumer during service provision that is not a major incident and that:

  • Nuclear incident means any occur- rence including an extraordinary nuclear oc- currence or series of occurrences at the loca- tion or in the course of transportation caus- ing bodily injury, sickness, disease, or death, or loss of or damage to property, or loss of use of property, arising out of or resulting from the radioactive, toxic, explosive, or other hazardous properties of the radioactive material.(b) Any occurrence including an extraor- dinary nuclear occurrence or series of occur- rences causing bodily injury, sickness, dis- ease or death, or loss of or damage to prop- erty, or loss of use of property, arising out of or resulting from the radioactive, toxic, ex- plosive or other hazardous properties of

  • Data Security Incident means a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, Agreement Personal Data transmitted, stored or otherwise Processed;

  • Successful Security Incident means a Security Incident that results in the unauthorized Access, Use, Disclosure, modification, or destruction of information or interference with system operations in an Information System.

  • Environmental Incident means, in relation to a Ship:

  • Unsuccessful Security Incident means a Security Incident such as routine occurrences that do not result in unauthorized Access, Use, Disclosure, modification, or destruction of information or interference with system operations in an Information System, such as: (i) unsuccessful attempts to penetrate computer networks or services maintained by Business Associate; and (ii) immaterial incidents such as pings and other broadcast attacks on Business Associate's firewall, port scans, unsuccessful log-on attempts, denials of service and any combination of the above with respect to Business Associate’s Information System.

  • Reportable Incident means a situation in which a Client has suffered Harm or experienced a Close Call or any Hazard that could lead to Client harm, all in accordance with Schedule “D”, Appendix 4.

  • Targeted Unsuccessful Security Incident means an Unsuccessful Security Incident that appears to be an attempt to obtain unauthorized Access, Use, Disclosure, modification or destruction of the Covered Entity’s Electronic PHI.

  • Information Security Incident means (i) any actual or suspected incident involving Seller Information System that may involve Buyer’s Sensitive Information, or (ii) any actual or suspected unauthorized access to, use, or disclosure of Buyer’s Sensitive Information.

  • Erroneous Payment Deficiency Assignment has the meaning assigned to it in Section 14.14(d).

  • Other health impairment means having limited strength, vitality, or alertness, including a heightened alertness to environmental stimuli, that results in limited alertness with respect to the educational environment, that:

  • Foreign Benefit Event means (a) with respect to any Foreign Pension Plan, (i) the existence of unfunded liabilities in excess of the amount permitted under any applicable law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, (ii) the failure to make the required contributions or payments, under any applicable law, on or before the due date for such contributions or payments, (iii) the receipt of a notice by a Governmental Authority relating to the intention to terminate any such Foreign Pension Plan or to appoint a trustee to administer any such Foreign Pension Plan, or to the insolvency of any such Foreign Pension Plan and (iv) the incurrence of any liability of the Borrowers under applicable law on account of the complete or partial termination of such Foreign Pension Plan or the complete or partial withdrawal of any participating employer therein and (b) with respect to any Foreign Plan, (i) the occurrence of any transaction that is prohibited under any applicable law and could result in the incurrence of any liability by the Borrowers, or the imposition on the Borrowers of any fine, excise tax or penalty resulting from any noncompliance with any applicable law and (ii) any other event or condition that could reasonably be expected to result in liability of any of the Borrowers.

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • Change in Control Event means any of the following:

  • Major incident means an occurrence involving a consumer during service provision that:

  • Erroneous Payment Return Deficiency has the meaning assigned to it in Section 14.14(d).