Misapplied definition

Misapplied means monies that have been disbursed in error because the MiSDU Contractor mis-keyed a transaction, misinterpreted information, or failed to follow predefined business rules.
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Misapplied means monies that have been disbursed in error because the MiSDU Contractor miss-keyed a transaction, misinterpreted information, or failed to follow predefined business rules.
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Examples of Misapplied in a sentence

  • Notwithstanding anything to the contrary contained herein, any disbursement from the Clearing Account in respect of any Chargeback which constitutes a Misapplied Payment shall be subject to the prior approval of the Seller, the Purchaser and the Collateral Agent following their receipt of a Misapplied Payment Disbursement Letter from the Calculation Agent as further described in the Authority PSL Account Agreement.

  • BNY Mellon will make no more than ten (10) Misapplied Payment Errors per one hundred thousand (100,000) payments processed during the monthly Billing Cycle.

  • Misapplied payment errors should [***] include [***] due to the [***] BARCLAYS BANK currently utilizes.

  • Encoding Error shall mean any item encoded for an amount different than the legal (written) amount of the check Misapplied Payment shall mean payment information incorrectly captured by BNY Mellon during processing resulting in an erroneous posting by BNY Mellon.

  • The Calculation Agent has obtained knowledge of the Misapplied Payment[s] described on Exhibit A hereto and has reviewed certain statements, reports and/or communications regarding such Misapplied Payment[s], copies of which are enclosed herewith.

  • Processing Errors Encoding Misapplied Payments [***] in [***] [***] in [***] Encoding + Misapplied + Not Posted + Check Onlys* = Total Errors Timeliness Mail [***]% [***]% Total Items Total Items (Total Items Holdover Items)/ Total Items = Percentage MICR Encoding Errors -No issue [***] the [***] and [***] are [***].

  • The Servicer shall notify the Purchaser or its designee of the particulars of the payment, such as the account number, dollar amount, date received and any special Mortgagor application instructions with respect to such Monthly Payments received by the Servicer; Misapplied Payments.

  • Statement of Grievance with Reference to Portions of Master Agreement Allegedly Violated, Misapplied, etc.

  • If a Misapplied Payment which occurred prior to the sale date or other error in determining the principal balance of the Mortgage Loan has created an incorrect Purchase Price as the result of an inaccurate outstanding principal balance, a check shall be issued to the party shorted by the Misapplied Payment within five Business Days after notice thereof by the other party.

  • BFC represents to Buyer that its obligations to Relevant Transferees with respect to Misapplied Deductions is or shall be consistent with its obligations to Buyer under this Section 5.13.