NSF Recollect - Attempts to recollect NSF items usually should occur within one (1) day after receipt of the returned item.
Overpayment means payment in excess of the required fee. Overpayment of less than $10 received by the board shall not be refunded.
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 Grant Agreement, including any unapproved expenditures. ▇▇▇▇▇▇▇ understands and agrees that it shall be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Grant Agreement. ▇▇▇▇▇▇▇ 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 Grant Agreement.
Expense means any kind of cost, charge or expense (including all legal costs, charges and expenses) and any applicable value added or other tax;
Incur means issue, assume, guarantee, incur or otherwise become liable for; provided, however, that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Subsidiary (whether by merger, amalgamation, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Person at the time it becomes a Subsidiary.
Overissue means the purported issuance of: