Payment Error definition

Payment Error has the meaning given in Article 7.6.10. "Performance Security" has the meaning given in Article 5.1.
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Payment Error means: (a) any underpayment or overpayment by a Party of any amount in respect of a Tax Invoice; or (b) any error in a Tax Invoice (including the omission of amounts from that Tax Invoice, the inclusion of incorrect amounts in that Tax Invoice, calculation errors in the preparation of a Tax invoice or a Tax Invoice being prepared on the basis of data which is later established to have been inaccurate). Prescribed Rate means, at any point in time, the interest rate (expressed as a rate per cent per annum) equal to the aggregate of 3 annual percentage points and the interest rate (expressed as a rate per cent per annum) then published by the Reserve Bank of Australia as the large business variable indicator lending rate.
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Payment Error means any underpayment or overpayment by a Party of any amount in respect of a Tax Invoice.
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Examples of Payment Error in a sentence

  • The State and Counties will work together in partnership to communicate performance expectations and results to jointly achieve federally required performance outcome measures related to the WPR and Federal Improper Payment Error Rate.

  • If a payment error occurs due to a typographical error made by Argentex or any other such mistaken payments occur, including but not limited to duplicate payments (Payment Error), Argentex shall not be liable to the Client or any Losses or liabilities whatsoever (including indirect or special damages or loss of profit) or costs arising from the Payment Error.

  • Any overpayment by a party due to any Payment Error shall be immediately reimbursed to such party by the other parties and any underpayment by a party due to a Payment Error shall be credited for the account of the other party until the next Payment Date.

  • Any dispute arising from a Payment Error will be resolved on the basis of fair market value as determined by Argentex acting reasonably, of the relevant currency at the time the Payment Error occurred.

  • Argentex shall use reasonable efforts to correct the Payment Error and recover the funds involved in the relevant transaction.

  • Except where clause 5.4(c) applies, the adjusting payment must, without prejudice to the Party’s other rights, include interest calculated daily at the Prescribed Rate from the date of the Payment Error until the date of the adjusting payment.

  • Liquidated damages may be assessed for not taking the required action on errors identified through the Wisconsin Medicaid Eligibility Quality Control (MEQC) Review, FoodShare Quality Assurance (FSQA) Review, Payment Error Rate Measurement (PERM) Review, and Second Party Reviews In addition to other remedies in this Appendix, the Department may conduct a review of any of the activities under this Appendix to assure that eligibility and benefits are accurately determined and certified for all programs.

  • Where a Payment Error is an error as a result of which the amount set out in a Tax Invoice is less than what it would have been had the error not been made, the Payment Error will be taken to have occurred on the Due Date of the Tax Invoice.

  • In this situation, Surreal has already distributed those funds (performance fees), so if any Payment Error occurs (i.e. payment does not go via Surreal’s invoice and regular payment flow), there is a high probability that the Entertainer is paid twice.

  • Under and over payments If a Party detects a Payment Error by a Party of any amount within 18 calendar months after the Payment Error: the Party must as soon as reasonably practicable give notice to the other Party of the Payment Error; and an adjusting payment must be made by the appropriate Party within 15 Business Days of the notice.


More Definitions of Payment Error

Payment Error means: (a) any underpayment or overpayment by a Party of any amount in respect of a Tax Invoice; or (b) any error in a Tax Invoice (including the omission of amounts from that Tax Invoice, the inclusion of incorrect amounts in that Tax Invoice, calculation errors in the preparation of a Tax invoice or a Tax Invoice being prepared on the basis of data which is later established to have been inaccurate). Possession includes custody, control, and an immediate right to possession, custody, or control. Prescribed Rate means, at any point in time, the interest rate (expressed as a rate per cent per annum) equal to the aggregate of 3 annual percentage points and the interest rate (expressed as a rate per cent per annum) then published by the Reserve Bank of Australia as the large business variable indicator lending rate. Price List means the ‘price list’ (as defined in the Access Code) specified in the Access Arrangement. Read or Reading means an attempt to collect an Actual Value from a Meter.
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Payment Error means: (a) any underpayment or overpayment by a Party of any amount in respect of a Tax Invoice; or (b) any error in a Tax Invoice (including the omission of amounts from that Tax Invoice, the inclusion of incorrect amounts in that Tax Invoice, calculation errors in the preparation of a Tax Invoice or a Tax Invoice being prepared on the basis of data which is later established to have been inaccurate). Peel Business Park means the Peel Business Park situated in Nambeelup, Western Australia.
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Payment Error means any payment made by the Reinsured in respect of a Policy which was incorrect or incomplete or should not have been made to the extent that such payment constitutes a Covered Loss that has been paid by the Reinsurer under the terms of this Agreement, including for the avoidance of doubt as Pre-Inception Date Paid Losses.
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Payment Error means: (a) any underpayment or overpayment by a Party of any amount in respect of a Tax Invoice; or (b) any error in a Tax Invoice (including the omission of amounts from that Tax Invoice, the inclusion of incorrect amounts in that Tax Invoice, calculation errors in the preparation of a Tax invoice or a Tax Invoice being prepared on the basis of data which is later established to have been inaccurate). Prescribed Rate means, at any point in time, the interest rate (expressed as a rate per cent per annum) equal to the aggregate of 3 annual percentage points and the interest rate (expressed as a rate per cent per annum) then published by the Reserve Bank of Australia as the large business variable indicator lending rate. Price List means the ‘price list’ (as defined in the Access Code) specified in the Access Arrangement. Read or Reading means an attempt to collect an Actual Value from a Meter.
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Payment Error has the meaning given in Article 7.6.10.
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Payment Error shall have the same meaning as ascribed thereto in Article 6.5.10 below.
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Related to Payment Error

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • Payment Schedule ’ means a schedule which sets out—

  • Medication error means any preventable event that may cause or lead to inappropriate medication use or patient harm, while the medication is in the control of the health care professional, patient, or consumer. Such events may be related to professional practice, health care products, procedures, and systems including, but not limited to: prescribing; order communication; product labeling, packaging and nomenclature; compounding; dispensing; distribution; administration; education; monitoring; and use.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • NAV Error means an error in the computation of the net asset value for a Fund or class as more fully described in the NAV Error Policy.