Incorrect Payment definition
Incorrect Payment means a payment that (a) has not been executed according to Proper Instructions given to us; or (b) has been processed outside our maximum processing time for that type of payment; or (c) has not been processed at all.
Incorrect Payment means a VRP initiated to a Merchant, which is or was authorised by the Bank Customer, but has been incorrectly executed, including where the payment amount is incorrect, the payment date is incorrect, the payment frequency is incorrect or multiple payments have been made in error;
Incorrect Payment means a payment that:
Examples of Incorrect Payment in a sentence
Incorrect Payment 113115 ArticleARTICLE IX MISCELLANEOUS 1168 Section 9.01.
Incorrect Payment ....................................................................
Apology for Incorrect Payment Underpayment Name Company Name & Address here.
Incorrect Payment .................................................................................
More Definitions of Incorrect Payment
Incorrect Payment. If, following any inspection under clause 6.13, Comvita’s representative determines that Derma Sciences has underpaid the amount of royalties payable to Comvita under this Agreement:
(a) Comvita’s representative will provide to Derma Sciences a written report of his or her determination. Such report will show how Comvita’s representative has calculated the underpayment; and
(b) within five Business Days following receipt of the written determination, Derma Sciences will pay to Comvita the unpaid amount. Derma Sciences will at the same time pay interest on such amount in accordance with clause 6.8.
Incorrect Payment has the meaning given to that term in clause 12.1(a).