Incorrect Payments definition

Incorrect Payments shall have the meaning specified in Clause 5.3(b) of the Receivables Trust Deed and Trust Cash Management Agreement;
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Incorrect Payments means a payment incorrectly paid or transferred to the Fund Account, identified as such by the Servicer and confirmed by the Fund Manager or the Custodian;
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Incorrect Payments means a payment made by an Obligor incorrectly paid or transferred to the Issuer Collection Account and/or the Issuer Transaction Account, identified as such by the Servicer and confirmed by the Transaction Manager;
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Examples of Incorrect Payments in a sentence

  • If you answered yes, please contact us for a list of the documentation required to clear your education loan default.If the education loan default has not been cured or satisfactory progress in curing it is not being made, you are not eligible for this loan.

  • Incorrect Payments to the IGSS and Refusal of Labor Inspector EntryThe submission states that neither Fribo nor Modas Dae Hang has been making required payments into the IGSS system, which provides access to health care for workers, for both occupational injuries and general health care, based on their payment of a payroll tax.

  • If from time to time payments of monies are incorrectly paid into the Trustee Collection Account ("INCORRECT PAYMENTS"), such monies may incorrectly be deemed to be Collections representing Trust Property and allocated in a manner consistent with the principles set out in the First Schedule (as amended by any Supplement) unless prior to such allocation the Receivables Trustee is notified by the Trust Cash Manager or any Co-Trust Cash Manager that such monies are Incorrect Payments.

  • In accordance with the due process procedures defined in this policy, a student may be expelled from school for a period no longer than the remainder of the current semester plus the following semester, with the exception of a violation number one listed under the grounds for Suspension and Expulsion in this guideline.

  • See Residential Care Supplement: Incorrect Payments, for instructions on recovering overpayments under the SSA residential care supplement.

  • The Issuer will apply the Available Principal Distribution Amount on each Interest Payment Date in accordance with the Pre- Enforcement Principal Payments Priorities, subject to applying funds towards payment of Tax and Incorrect Payments and, for the avoidance of doubt, excluding any Differential Step-up Amounts.

  • Unless notified by the Trust Cash Manager as Incorrect Payments the Receivables Trustee will regard all monies in the Trustee Collection Account as Collections in respect of Receivables assigned to the Receivables Trustee.

  • Hence there is not necessarily a direct correlation between higher numbers of people and a greater detrimental effect on the environment: the economic conditions of different societies and their rates of consumption are far more important.

  • If from time to time payments of monies are incorrectly deemed to be Trust Property and paid into the Trustee Collection Account ("Incorrect Payments"), such monies may be deemed to be Collections representing Trust Property and allocated in a manner consistent with this Deed (as amended by any Supplement) unless prior to such allocation the Receivables Trustee is notified by the Servicer that such monies are Incorrect Payments.

  • Incorrect Payments (Continued) Batch Number G/L Date Note 1: Prior to the period tested, from March 2009 to June 2010, DHHS overpaid the participant $11,280.43.Note 2: The highlighted cells shows the HIPP payment made when there was a premium holiday.


More Definitions of Incorrect Payments

Incorrect Payments shall have the meaning specified in clause 6.3(b) (Incorrect Payments) of the Receivables Trust Deed and Servicing Agreement.
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Incorrect Payments means a payment incorrectly paid or transferred to the Rose Notes Issuer Account, identified as such by the Servicer and by the Rose Notes Issuer (or the Transaction Manager on its behalf);
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Incorrect Payments means a payment made by a Borrower incorrectly paid or transferred to the Servicer and identified as such by the Servicer.
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Incorrect Payments means a payment incorrectly paid or transferred to the Payment Account, identified as such by the Servicer and confirmed by the Transaction Manager which will not form part of Available Interest Distribution Amount or the Available Principal Distribution Amount;
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Related to Incorrect Payments

  • Direct Payment means a payment granted directly to farmers under a support scheme listed in Annex I;

  • Reimbursement Amounts As defined in Section 3.22.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Payments has the meaning set forth in Section 8.11.

  • Withheld Amounts shall have the meaning assigned to such term in Section 3.

  • Mistaken Internet Payment means a payment by a user through a ‘Pay Anyone’ internet banking facility and processed by an ADI through direct entry where funds are paid into the account of an unintended recipient because the user enters or selects a Bank/State/Branch (BSB) number and/or identifier that does not belong to the named and/or intended recipient as a result of:

  • Collection site means the location of waste containers on collection day.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Unscheduled Payments means (a) all Loss Proceeds that Borrower has elected or is required to apply to the repayment of the Debt pursuant to this Security Instrument, the Note or any other Loan Documents, (b) any funds representing a voluntary or involuntary principal prepayment other than scheduled Principal Payments and (c) any Net Proceeds.

  • Undisputed Amounts has the meaning set forth in Section 2.04(c)(iii).

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Disallowed costs means those charges determined to be unallowable, in accordance with the applicable Federal statutes, regulations, or the terms and conditions of the Federal award. (2 CFR 200.31 and 45 CFR 75.2)

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Contract, including any unapproved expenditures. Xxxxxxx understands and agrees that it will be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Contract. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Contract.

  • Contract Adjustment Payments means the payments payable by the Company on the Payment Dates in respect of each Purchase Contract, at a rate per year of [ ]% of the Stated Amount per Purchase Contract.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Excess Collections shall have the meaning specified in Section 2.8(a)(xv) of the Indenture.

  • Direct Patient Care means the provision of health care services provided directly to individuals being treated for or suspected of having physical or mental illnesses. Direct patient care includes both, face-to-face and telehealth-based preventative care and first-line supervision.

  • Reimbursement Amount As defined in Section 2.04.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • PURCHASE PAYMENTS [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Completion Accounts means the consolidated balance sheet of the Target Group as at the close of business on the date of Completion and a consolidated profit and loss account of the Target Group for the period from the Last Accounts Date up to and including the date of Completion, which shall be prepared in accordance with Schedule 5.

  • Payment Item means each check, draft or other item of payment payable to a Borrower, including those constituting proceeds of any Collateral.