Processing Year definition

Processing Year is defined in Section 8.1 of this Agreement.

Processing Year is defined in each Program Schedule.

Processing Year shall have the meaning provided in Section 4.1.

Examples of Processing Year in a sentence

• A COD Processing Year is a period of time in which institutions are permitted to submit Direct Loan records to the COD System that are re- lated to a given award year.

• For Processing Year 2015, the IRS rejected approximately 77,000 fraudulent e-filed tax returns and prevented about 16,000 paper-filed tax returns through the use of these locks as of April 30, 2015.

• The IRS conducted a pilot test of the RRP scoring and models during Processing Year 2014 to assess its effectiveness in identifying potential identity-theft tax returns.

• We evaluated these controls by interviewing IRS management and select Federal and State Government agency officials, evaluating the data the IRS receives from the prisons for completeness, and analyzing the IRS’s Processing Year 2012 Prisoner File by comparing the file to the Social Security Administration’s data.

• For example: • E-filing of amended tax returns - In July 2019, we reported on the impact on tax administration resulting from the IRS’s delay of implementinge-filing of amended returns.50 E-filing would reduce taxpayer burden, result in significant cost savings and reduce the TIGTA estimated $359 million in potentially erroneous tax refunds issued during Processing Year 2017.Management stated that the ability to e-file amended tax returns has been a long-term goal but developing a process is costly.

More Definitions of Processing Year

Processing Year means each twelve (12) month period commencing on the Migration Date and each anniversary thereof. In the event that the Migration Date occurs on a day other than the first day of a month, the final Processing Year will be increased by the number of days necessary to cause the Term to conclude on the last day of the month.

Processing Year means each twelve (12) month period commencing on the first day of July and ending on the last day of June.

Processing Year means each consecutive twelve (12) month period of the Term commencing on August 1.

Processing Year means the twelve (12) month period commencing on the first day of Processing Year 1 and on each anniversary of such date during the Term of this Agreement.

Processing Year means a twelve (12) month period commencing on the Processing Services Effective Date or an anniversary of such date; provided, however, Processing Year 6 shall be a sixteen (16) month period ending on December 31, 2015. Each Processing Year is identified in this Processing Services Schedule by a numerical suffix corresponding to the order in which such Processing Year will occur during the Processing Term (e.g., the first Processing Year of the Processing Term is referred to as “Processing Year 1”, the second Processing Year of the Processing Term is referred to as “Processing Year 2,” etc.).”

Processing Year means each twelve (12) calendar month period commencing on the first day of July and ending on the last day of the following June, except for Processing Year 1 which is specifically defined. “Program” shall mean ISO’s sales and marketing activities on behalf of itself and SERVICERS, the processing of Merchant Applications, and the provision of Bank Card transaction processing services to Approved Merchants under the terms of their Merchant Processing Agreements. “Program Participation Fees” shall mean all fees owed by Merchants to Bank and ISO under the applicable Merchant Processing Agreements, including the Merchant Discount Amounts or transaction fees, which amounts shall be recommended by ISO, but in all cases will be subject to final approval by Bank, which approval shall not be unreasonably withheld or delayed. “Program Standards” means the policies and procedures established by SERVICERS to be used by ISO in connection with the solicitation of prospective Merchants and other policies, procedures, fines and penalties established by SERVICERS that are designed to promote the financial safety or soundness of the Program. The Program Standards may be modified by SERVICERS from time to time in their sole discretion; provided, however, that SERVICERS will discuss in good faith any concerns that ISO may have that any such change will adversely affect ISO’s ability to add Approved Merchants to the Program. The current form of the Program Standards are attached hereto as Exhibit D. “Program Transfer” shall mean Bank’s transfer and assignment of the Merchant Portfolio and the dedicated BINs/ICAs, including Bank’s interest in all Merchant Processing Agreements, to a third party designated by ISO in accordance with Section 10.4. “Promotional Materials” shall mean all written solicitations and advertisements and other communications (including telemarketing scripts) used to market, promote, and solicit the establishment of Merchant Processing Agreements with Merchants. “PS ISO Agreement” is defined in Recital E of this Agreement. “Reserve Account” shall mean the account at Bank that is to be established by ISO and fully controlled by SERVICERS as described in Section 8.1 to insure payment of chargebacks, fees and other amounts due to SERVICERS. “Residual Account” shall mean an account established and maintained by (and in the name of) ISO to allow Bank to credit funds as provided in Section 6. “Rules” shall mean the by-laws, regulations and/or requirements that ...

Processing Year means each twelve (12) month period commencing on the first day of January and ending on the last day of December.