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Notwithstanding the above, promptly following the notification to the Receivables Trustee by the Trust Cash Manager or Co-Trust Cash Manager that such payments were incorrectly deemed to be Trust Property and have been incorrectly allocated, the Receivables Trustee shall:\n(i) apply Trust Property in a manner consistent with the principles set out in the First Schedule (as amended by any Supplement) to repay such Incorrect Payments; and\n(ii) amend its books of account to record that (A) the Eligible Receivables Pool has been increased by the amount of Principal Receivables, if any, previously incorrectly deducted and that Incorrect Payments incorrectly allocated as Principal Collections have been repaid, (B) the Transferor Interest has been increased by the same amount of Principal Receivables, if any, which were incorrectly added to the Eligible Receivables Pool and (C) following any deduction from Finance Charge Collections for such purpose, Incorrect Payments incorrectly allocated as Finance Charge Collections, if any, have been repaid; and the entitlement of the Beneficiaries to Trust Property shall be adjusted accordingly.", "samples": [{"hash": "2pXjpTvFxWi", "uri": "/contracts/2pXjpTvFxWi#incorrect-payments", "label": "Deed of Amendment and Restatement (Barclaycard Funding PLC)", "score": 18.0, "published": true}, {"hash": "a5cmRenrhJ5", "uri": "/contracts/a5cmRenrhJ5#incorrect-payments", "label": "Trust and Cash Management Agreement (Gracechurch Receivables Trustee LTD)", "score": 16.0, "published": true}], "hash": "75900c0457716a9a0ee7d060d940c24c", "id": 6}, {"size": 8, "snippet_links": [{"key": "each-party", "type": "definition", "offset": [0, 10]}, {"key": "discovery-of", "type": "clause", "offset": [48, 60]}, {"key": "incorrect-payment", "type": "clause", "offset": [65, 82]}, {"key": "measures-to", "type": "clause", "offset": [148, 159]}, {"key": "exchange-of-information", "type": "definition", "offset": [205, 228]}, {"key": "health-plan", "type": "clause", "offset": [249, 260]}, {"key": "right-of-denial", "type": "clause", "offset": [276, 291]}, {"key": "recovery-of-payments", "type": "clause", "offset": [295, 315]}, {"key": "made-pursuant-to", "type": "clause", "offset": [365, 381]}, {"key": "future-payments", "type": "definition", "offset": [416, 431]}, {"key": "to-provider", "type": "definition", "offset": [437, 448]}, {"key": "time-frames", "type": "definition", "offset": [477, 488]}, {"key": "in-accordance-with", "type": "definition", "offset": [509, 527]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [570, 599]}, {"key": "right-of-recovery", "type": "clause", "offset": [653, 670]}], "snippet": "Each party shall promptly inform the other upon discovery of any incorrect payment(s) made under this Agreement and shall take prompt and effective measures to remedy such incorrect payment. Upon audit or exchange of information as provided herein, Health Plan shall have the right of denial or recovery of payments incorrectly made for whatever reason. Recoveries made pursuant to this Section may be made from any future payments owed to Provider. Health Plan will limit the time frames for such recoveries in accordance with applicable Health Plan recovery policies. Termination of this Agreement shall not terminate or otherwise limit Health Plan\u2019s right of recovery under this Section.", "samples": [{"hash": "5CAuBxgxd0f", "uri": "/contracts/5CAuBxgxd0f#incorrect-payments", "label": "Provider Group Affiliation Agreement", "score": 25.4544830322, "published": true}, {"hash": "aIOlFRoFZQ1", "uri": "/contracts/aIOlFRoFZQ1#incorrect-payments", "label": "Practitioner Affiliation Agreement", "score": 25.4325809479, "published": true}, {"hash": "9sSEsL8P2aD", "uri": "/contracts/9sSEsL8P2aD#incorrect-payments", "label": "Provider Group Affiliation Agreement", "score": 25.421628952, "published": true}], "hash": "82ed73b32a9ac33d6bd86e6d02f23cf8", "id": 7}, {"size": 8, "snippet_links": [{"key": "payment-or-distribution", "type": "definition", "offset": [7, 30]}, {"key": "junior-debt", "type": "definition", "offset": [49, 60]}, {"key": "not-permitted", "type": "clause", "offset": [61, 74]}, {"key": "by-the-company", "type": "clause", "offset": [86, 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the Junior Debt not permitted to be made by the Company or any Subsidiary or received by a Junior Creditor under this Agreement is received by such Junior Creditor before all outstanding Senior Debt has been irrevocably paid in full, such payment or distribution shall not be commingled with any asset of such Junior Creditor, shall be held in trust by such Junior Creditor for the benefit of Lenders and shall be immediately paid over to Agent, or its designated representative, in the form received (together with any necessary endorsements) for application (in accordance with the Credit Agreement) to the Senior Debt until all outstanding Senior Debt has been irrevocably paid in full.", "samples": [{"hash": "luPyUFco0dd", "uri": "/contracts/luPyUFco0dd#incorrect-payments", "label": "Credit Agreement (Castle Dental Centers Inc)", "score": 18.0, "published": true}, {"hash": "cTj4B1bHHWU", "uri": "/contracts/cTj4B1bHHWU#incorrect-payments", "label": "Subordination and Intercreditor Agreement 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"definition", "offset": [218, 237]}, {"key": "paid-in-full", "type": "definition", "offset": [241, 253]}, {"key": "commitments-to-lend", "type": "clause", "offset": [262, 281]}, {"key": "senior-loan-documents", "type": "definition", "offset": [292, 313]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [419, 437]}, {"key": "senior-lenders", "type": "definition", "offset": [443, 457]}, {"key": "senior-agent", "type": "clause", "offset": [488, 500]}, {"key": "in-accordance-with", "type": "definition", "offset": [519, 537]}, {"key": "senior-credit-agreement", "type": "definition", "offset": [542, 565]}, {"key": "payment-of-the", "type": "clause", "offset": [574, 588]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [803, 832]}, {"key": "in-no-event-shall", "type": "clause", "offset": [834, 851]}, {"key": "to-receive", "type": "definition", "offset": [902, 912]}, {"key": "to-pay", "type": "clause", "offset": [960, 966]}, {"key": "to-any-holder", "type": "definition", "offset": [998, 1011]}, {"key": "section-22", "type": "clause", "offset": [1077, 1088]}, {"key": "notice-of", "type": "clause", "offset": [1158, 1167]}, {"key": "prior-to", "type": "definition", "offset": [1181, 1189]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [1242, 1263]}, {"key": "after-receipt-of", "type": "clause", "offset": [1356, 1372]}, {"key": "payment-by", "type": "clause", "offset": [1378, 1388]}, {"key": "written-request", "type": "definition", "offset": [1418, 1433]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1590, 1613]}], "snippet": "If any direct or indirect payment (whether made in cash, securities or other property) not permitted under this Agreement is received by any Subordinated Creditor on account of the Subordinated Indebtedness before all Senior Indebtedness is paid in full and all commitments to lend under the Senior Loan Documents have terminated or expired, such payment shall be held by such Subordinated Creditor as property of, and for the benefit of, the Senior Lenders and shall be paid over to the Senior Agent, for application (in accordance with the Senior Credit Agreement) to the payment of the Senior Indebtedness then remaining unpaid, until all of the Senior Indebtedness is paid in full and all commitments to lend under the Senior Loan Documents shall have terminated or expired; provided, however, that notwithstanding the foregoing, in no event shall any holder of any Senior Indebtedness be entitled to receive or otherwise require any Subordinated Creditor to pay, deliver or otherwise turnover to any holder of Senior Indebtedness any payment of the type described in this Section 2.2 received by such Subordinated Creditor if the Senior Lender received notice of such payment prior to, on or about the making of such payment pursuant to the provisions of the Senior Credit Agreement and such Subordinated Creditor does not receive within one (1) year after receipt of such payment by such Subordinated Creditor a written request or demand from any Senior Lender or the Senior Agent that such payment be delivered or turned over to any Senior Lender or the Senior Agent pursuant to the terms of this Agreement.", "samples": [{"hash": "heMf0CfdiY0", "uri": "/contracts/heMf0CfdiY0#incorrect-payments", "label": "Note (Cinedigm Corp.)", "score": 30.5331954956, "published": true}, {"hash": "luUMWmfcLvs", "uri": "/contracts/luUMWmfcLvs#incorrect-payments", "label": "Note (Cinedigm Corp.)", "score": 29.7775497437, "published": true}], "hash": "a086b765aed8693ba2485789492ea549", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtpbmNvcnJlY3QtcGF5bWVudHMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Incorrect Payments", "size": 317, "parents": [["subordination", "Subordination"], ["subordination-of-subordinated-indebtedness-to-senior-indebtedness", "Subordination of Subordinated Indebtedness to Senior Indebtedness"], ["miscellaneous", "Miscellaneous"], ["general-provisions", "General Provisions"], ["adjustments", "ADJUSTMENTS"]], "children": [["termination", "Termination"], ["", ""], ["exhibits", "Exhibits"], ["compliance-with-law", "Compliance with Law"], ["no-third-party-beneficiaries", "No Third\u2010Party Beneficiaries"]], "id": "incorrect-payments", "related": [["direct-payments", "Direct Payments", "Direct Payments"], ["direct-payment", "Direct Payment", "Direct Payment"], ["payment-amounts", "Payment Amounts", "Payment Amounts"], ["remittances", "Remittances", "Remittances"], ["payments", "Payments", "Payments"]], "related_snippets": [], "updated": "2026-07-01T06:08:32+00:00", "also_ask": ["What mechanisms ensure prompt detection and correction of incorrect payments?", "How can the clause allocate liability for errors between parties?", "What are the best practices for defining 'incorrect payment' to avoid ambiguity?", "How does this clause interact with set-off or restitution rights under applicable law?", "What are the enforceability challenges if repayment is disputed in court?"], "drafting_tip": "Specify procedures for identifying and rectifying incorrect payments to ensure prompt resolution; define liability for errors to allocate risk clearly; require timely notification of discrepancies to prevent disputes.", "explanation": "The Incorrect Payments clause defines the procedures and responsibilities when a payment is made in error, whether by overpayment, underpayment, or payment to the wrong party. Typically, this clause requires the recipient of an incorrect payment to promptly notify the payer and return any excess funds, or for the payer to make up any shortfall. It ensures that financial transactions between parties are accurate and fair, providing a clear mechanism for correcting mistakes and preventing disputes over payment errors."}, "json": true, "cursor": ""}}