Overpayments and Reversals Sample Clauses

Overpayments and Reversals. If any funds to which you are not entitled are deposited into your account for any reason, we may deduct these funds from your account, even if this causes your account to be overdrawn. If such funds were transferred from your account, we may reverse the transfer. We are not required to give you notice if we take this action.
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Overpayments and Reversals. If funds to which you are not entitled are deposited to your account by mistake or otherwise, FSB may deduct these funds from your account, even if the deduction results in an overdraft. FSB can do this without giving you any prior notice or demand. Returned Items If a cashed or deposited item is returned to FSB at any time and for any reason, including for any breach of warranty claim, or according to any law, regulation, or rule (including a clearinghouse rule), by the bank on which it is drawn or any collecting bank, FSB may accept that return and charge the item back against your account without regard to whether the other bank finally paid the item or returned the item in accordance with any applicable midnight deadline or clearinghouse rule. FSB may debit your account for any interest you may have provisionally earned on the item. FSB may charge you a fee for each returned item. Different fees may apply to domestic and foreign items. FSB may debit your account for a returned item, including an indemnified copy of the original item, or an image replacement document (“IRD”), at any time on or after the business day it is returned to FSB by electronic, automated clearinghouse (“ACH”) or other means, or on the business day we receive notice that the item is being returned to FSB – whichever is earlier. FSB is not liable for any action or inaction to recover payment of a returned item. If one of your cashed or deposited items has been paid by the financial institution on which it is drawn and is later returned to FSB with a claim that there is a breach of warranty (for example, it bears a forged or missing endorsement or is altered in any way), that the item is counterfeit, bears an unauthorized signature, contains an encoding error, or should not have been paid for any other reason, FSB may debit your account for the amount of the item (plus any associated fees) and pay the amount to the claiming party. If you do not have sufficient available funds to cover a returned item, FSB may overdraw your account. FSB is not liable to you if there are insufficient funds to pay your items because FSB withdraws funds from your account or in any way restricts your access to funds due to a hold or debit to your account in connection with a returned item. You agree to immediately repay an overdraft caused by a return of a cashed or deposited item. In some cases the financial institution on which the returned check or other item is drawn may send an electronic notice of retur...
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Overpayments and Reversals. If funds to which you are not entitled are deposited to your account by mistake or otherwise, USB may deduct these funds from your account, even if the deduction results in an overdraft. USB can do this without giving you any prior notice or demand.
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Overpayments and Reversals. If funds are deposited or transferred into your Savings Account by mistake or otherwise, we may correct the situation by deducting the amount of the deposit or transfer from your Savings Account without prior notice to you. If there are not enough funds in your Savings Account at that time, your Savings Account could become overdrawn. See the "No Overdrafts" and "Right to Set Off" sections below for more information about what could occur if your Savings Account has a negative balance. No Deposits in Cash, Paper Checks or Foreign Currency We are not liable for any deposits, including cash, lost in the mail, lost in transit, or not received by us. ● Cash - We do not accept deposits made in cash. If you mail a cash deposit, the cash will be sent back to the address we have for you on file. ● Paper Checks - Personal checks, cashier's checks, and money orders may not be deposited by mail or in person. All checks and money orders sent to us for deposit will be returned unless the full amount may be applied towards a negative balance, in which case the check or money order may or may not be deposited to the Account at our discretion. ● Foreign Currency - We will only accept deposits or transfers in US Dollars. If you initiate a transfer to your Savings Account in a foreign currency, the funds will be automatically converted into US Dollars by the Platform prior to deposit in your Savings Account. See Platform rules for additional details.
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Related to Overpayments and Reversals

  • Overpayments Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds of overpayment(s) (either directly or by credit memo), Contractor shall pay Purchaser interest at the rate of one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to Contractor.

  • Our Right to Make Payments and Recover Overpayments If payments which should have been made by us according to this provision have actually been made by another organization, we have the right to pay those organizations the amounts we decide are necessary to satisfy the rules of this provision. These amounts are considered benefits provided under this plan and we will not have to pay those amounts again. If we make payments for allowable expenses, which are more than the maximum amount needed to satisfy the conditions of this provision, we have the right to recover the excess amounts from: • the person to or for whom the payments were made; • any other insurers; and/or • any other organizations (as we decide). As the subscriber, you agree to pay back any excess amount paid, provide information and assistance, or do whatever is necessary to aid in the recovery of this excess amount. The amount of payments made includes the reasonable cash value of any benefits provided in the form of services.

  • Refunds and reversals of payments When you receive a payment, it could be refunded or reversed. We may allow you to send to the payer a refund of the payment. We may carry out a reversal of your payment in certain circumstances. See the rest of this section for more details.

  • Repayment of Overpayments 17.1 Any salary overpayments will be repaid to the employer within a reasonable period of time.

  • Refunds and Overpayments A. At its sole discretion, the System Agency may:

  • Recovery of Overpayments On occasion a payment will be made to You when You are not covered, for a service that is not Covered, or which is more than is proper. When this happens We will explain the problem to You and You must return the amount of the overpayment to Us within 60 days after receiving notification from Us. However, We shall not initiate overpayment recovery efforts more than 24 months after the original payment was made unless We have a reasonable belief of fraud or other intentional misconduct.

  • Overpayment of Wages (a) Where the employee has been overpaid all or part of their pay on any occasion they, or the employer, should raise the error immediately.

  • Overpayment Provider shall be liable to the GLO for any costs disallowed pursuant to financial and/or compliance audit(s) of funds received under this Contract. Provider shall reimburse such disallowed costs from funds other than those that Provider received under this Contract. Provider must refund disallowed costs and overpayments of funds received under this Contract to the GLO within 30 days after the GLO issues notice of overpayment to Provider.

  • Reversals In the event that the Receiver purchases an Asset (and assumes the Related Liability) that it is not required to purchase pursuant to this Section 3.4, the Assuming Institution shall repurchase such Asset (and assume such Related Liability) from the Receiver at a price computed so as to achieve the same economic result as would apply if the Receiver had never purchased such Asset pursuant to this Section 3.4.

  • Discounts, Rebates and Refunds Cash discounts obtained on payments made by the Construction Manager shall accrue to the Owner. Trade discounts, rebated, refunds, and amounts received from sales of surplus materials and equipment shall accrue to the Owner and the Construction Manager shall make provisions so they can be secured.

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