Recovery of Excess Payments Sample Clauses

Recovery of Excess Payments. We may recover from you or your estate any payments made after the death of the Designated Life.
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Recovery of Excess Payments. We may recover from you or your estate any payments made after the death of the Designated Life. A123456 ICC20-70591 Minnesota Life 2 Joint Owners/Joint Annuitants A Joint Owner is not permitted while this rider is in effect. If the contract Owner is not a natural person, a Joint Annuitant is not permitted while this rider is in effect. Calculation of Benefit Values Benefit Base The initial Benefit Base will be set to the initial Purchase Payment. For each subsequent Purchase Payment prior to the later of the first Contract Anniversary or the date of the first withdrawal, the Benefit Base will be increased by the amount of the subsequent Purchase Payment(s). For any subsequent Purchase Payment on or after the later of the first Contract Anniversary or the date of the first withdrawal, there will be no increase to the Benefit Base as a result of the Purchase Payment(s). Prior to the Benefit Date, any amount you withdraw is considered an excess withdrawal and will cause the Benefit Base to be reduced by an amount equal to (a) multiplied by (b), divided by (c), where:
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Recovery of Excess Payments. The Employer may recover any amounts it has paid in excess of the maximum necessary at any time to satisfy the intent of this Section IX from the person to, or for, or with respect to whom such payments were made, or from any other insurance company or other organization. COORDINATION OF BENEFITS WITH MANAGED CARE PLANS For Participants enrolled in a managed care plan (Health Maintenance Organization, Exclusive Provider Organization, Preferred Provider Organization or Point-of-Service Plan) offered by the Employer, such plan will coordinate benefits with other group plans in the manner specified in Paragraphs A and B of this Section IX. Managed care plans will coordinate benefits according to plan provisions in effect for the use of participating providers and non-participating providers.
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Recovery of Excess Payments. The Employer may recover any amounts it has paid in excess of the maximum necessary at any time to satisfy the intent of this Section IX from the person to, or for, or with respect to whom such payments were made, or from any other insurance company or other organization.
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Recovery of Excess Payments. The Employer may recover any amounts it has paid in excess of the maximum necessary at any time to satisfy the intent of this Section IX from the person to, or for, or with respect to whom such payments were made, or from any other insurance company or other organization. COORDINATION OF BENEFITS WITH MANAGED CARE PLANS For Participants enrolled in a managed care plan (Health Maintenance Organization, Exclusive Provider Organization, Preferred Provider Organization or Point-of-Service Plan) offered by the Employer, such plan will coordinate benefits with other group plans in the manner specified in Paragraphs A and B of this Section
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Recovery of Excess Payments. If for any reason ACS or Cook, as the case may be, shall pay or otherwise bear any setoff or oxx xf pocket recovery for an Infringement Liability in excess of its share thereof determined on a Pro Rata Basis, the other party hereto shall promptly pay amounts to the party who suffered such excess so that each party ultimately bears a share of the Infringement Liability on a Pro Rata Basis as provided in this Agreement. If any party has advanced funds to pay an Infringement Liability in excess of its share on a Pro Rata Basis, such party shall also be entitled to collect interest on the excess funds advanced until repaid, at the "prime rate" as published by The Wall Street Journal (or successor) and in effect from time to time, from the other party obligated hereunder to contribute such excess from the date which is thirty (30) days after the delivery of notice to the other party setting forth the amount demanded and the basis for the demand.
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Recovery of Excess Payments. Whenever payments have been made in excess of the amount necessary to satisfy the separation pay benefits, MainSource has the right to recover these excess payments from any individual or entity to which the excess payments were made. The employee has an obligation to reimburse MainSource for excess benefits, and excess payments to the employee will be treated as an advance against wages, which may be deducted from wages or amounts owed by MainSource to the employee subject to employee execution of the appropriate wage assignment and other documentation. Whenever payments have been made on the basis of false information provided by the employee, MainSource has the right to withhold payments on certain compensation or other amounts owed by MainSource to the employee, until the overpayment is recovered.
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Recovery of Excess Payments. We may recover from you or your estate any payments made after the death of both Designated Lives. In addition, if we receive proof of the first death of a Designated Life more than 12 months after the date of death, we reserve the right to make adjustments to your contract value and/or rider values to reflect any overpayment of benefits resulting from the delay.
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Related to Recovery of Excess Payments

  • Recovery of Payments If Agent pays any amount to a Lender in the expectation that a related payment will be received by Agent from an Obligor and such related payment is not received, then Agent may recover such amount from each Lender that received it. If Agent determines at any time that an amount received under any Loan Document must be returned to an Obligor or paid to any other Person pursuant to Applicable Law or otherwise, then, notwithstanding any other term of any Loan Document, Agent shall not be required to distribute such amount to any Lender. If any amounts received and applied by Agent to any Obligations are later required to be returned by Agent pursuant to Applicable Law, each Lender shall pay to Agent, on demand, such Lender’s Pro Rata share of the amounts required to be returned.

  • Recovery of Erroneous Payments Without limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder in error to any Lender Recipient Party, whether or not in respect of an Obligation due and owing by the Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Lender Recipient Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Lender Recipient Party in immediately available funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. Each Lender Recipient Party irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount. The Administrative Agent shall inform each Lender Recipient Party promptly upon determining that any payment made to such Lender Recipient Party comprised, in whole or in part, a Rescindable Amount.

  • Recovery of Compensation All payments and benefits provided under this Agreement shall be subject to any compensation recovery or clawback policy as required under applicable law, rule or regulation or otherwise adopted by the Company from time to time.

  • CP Costs Payments On each Settlement Date, Seller shall pay to Agent (for the benefit of the Conduits) an aggregate amount equal to all accrued and unpaid CP Costs in respect of the outstanding Capital of each of the Conduits for the related Settlement Period in accordance with Article II.

  • Recovery of Costs If any legal action or other proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys’ fees and other costs incurred in that action or proceeding (and any additional proceeding for the enforcement of a judgment) in addition to any other relief to which it or they may be entitled.

  • Contractual Settlement and Income The Custodian may, as a matter of bookkeeping convenience, credit the Account with the proceeds from the sale, redemption or other disposition of Securities or interest, dividends or other distributions payable on Securities prior to its actual receipt of final payment therefor. All such credits shall be conditional until the Custodian’s actual receipt of final payment and may be reversed by the Custodian to the extent that final payment is not received. Payment with respect to a transaction will not be “final” until the Custodian shall have received immediately available funds that under applicable local law, rule or practice are irreversible and not subject to any security interest, levy or other encumbrance, and that are specifically applicable to such transaction.

  • Advances; Payments (i) Revolving Lenders shall refund or participate in the Swing Line Loan in accordance with clauses (iii) and (iv) of Section 1.1(c). If the Swing Line Lender declines to make a Swing Line Loan or if Swing Line Availability is zero, Agent shall notify Revolving Lenders, promptly after receipt of a Notice of Revolving Advance and in any event prior to 1:00 p.m. (New York time) on the date such Notice of Revolving Advance is received, by telecopy, telephone or other similar form of transmission. Each Revolving Lender shall make the amount of such Lender's Pro Rata Share of such Revolving Credit Advance available to Agent in same day funds by wire transfer to Agent's account as set forth in Annex H not later than 3:00 p.m. (New York time) on the requested funding date, in the case of an Index Rate Loan and not later than 11:00 a.m. (New York time) on the requested funding date in the case of a LIBOR Loan. After receipt of such wire transfers (or, in the Agent's sole discretion, before receipt of such wire transfers), subject to the terms hereof, Agent shall make the requested Revolving Credit Advance to Borrower. All payments by each Revolving Lender shall be made without setoff, counterclaim or deduction of any kind.

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following:

  • Settlement Payments On the first Business Day of each month ("Interest Settlement Date"), Collateral Agent will advise each Lender by telephone, fax or telecopy of the amount of such Lender's share of interest and fees on each of the Loans as of the end of the last day of the immediately preceding month. Provided that such Lender has made all payments required to be made by it under this Agreement, Collateral Agent will pay to such Lender, by wire transfer to such Lender's account (as specified by such Lender on the signature page of this Agreement or the applicable Assignment and Acceptance Agreement, as amended by such Lender from time to time after the date hereof or in the applicable Assignment and Acceptance Agreement) not later than 3:00 p.m. Chicago time on the next Business Day following the Interest Settlement Date, such Lender's share of interest and fees on each of the Loans. Such Lender's share of interest on each Loan will be calculated for that Loan by adding together the Daily Interest Amounts for each calendar day of the prior month for that Loan and multiplying the total thereof by the Interest Ratio for that Loan. Such Lender's share of the Unused Line Fee described in subsection 2.3(A) shall be an amount equal to (a)(i) such Lender's average Revolving Loan Commitment during such month, less (ii) the sum of (x) such Lender's average Daily Loan Balance of the Revolving Loans, plus (y) such Lender's Pro Rata Share of the average daily aggregate amount of Letter of Credit Reserve, in each case for the preceding month, multiplied by (b) the percentage required by subsection 2.3(A). Such Lender's share of all other fees paid to Collateral Agent for the benefit of Lenders hereunder shall be paid and calculated based on such Lender's Commitment with respect to the Loans on which such fees are associated. To the extent Collateral Agent does not receive the total amount of any fee owing by Borrowers under this Agreement, each amount payable by Collateral Agent to a Lender under this subsection 9.8(A)(4) with respect to such fee shall be reduced on a pro rata basis. The Collateral Agent and the Lenders hereby acknowledge and agree that in no event shall the aggregate fee payments received by such Lenders pursuant to this subsection 9.8(A)(4) exceed the total amount of fees pursuant to subsection 2.3.

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