Customer Overpayments definition

Customer Overpayments means customer overpayments, double payments, or erroneous payments on account of services already performed, or deposits, advanced payments or prepayments for services or work which has not been performed as of the Closing or is reasonably not expected to be performed by the Company following the Closing, to the extent such liabilities are not reflected in the income statements of the Company for the period in which such overpayment, double payment, erroneous payment or deposit was received by the Company.
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Customer Overpayments means cash received prior to Closing from customers in excess of invoices issued by the Company to such customers or as deposit payments from customers;
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Examples of Customer Overpayments in a sentence

  • These agencies are required to make payment in accordance with applicable state law.Section 2 - GENERAL RULES AND REGULATIONS (Cont’d) 2.3 PAYMENT FOR SERVICES RENDERED (Cont’d) 2.3.6 Customer Overpayments The Company will provide interest on customer overpayments that are not refunded within 30 days of the date the Company receives the overpayment.

  • Section 2: General Rules and Regulations (cont’d)2.3 Payment for Service Rendered (cont’d) 2.3.6 Customer Overpayments (cont’d) Interest shall be paid from the date when overpayment was made, adjusted for any changes in the deposit rate or late payment rate, and compounded monthly, until the date when the overpayment is refunded.

  • Interest on Customer Overpayments: The Company shall provide interest on customer overpayments in accordance with 16 NYCRR 277.

  • Customer Overpayments 17 TABLE OF CONTENTS (Cont'd) Page Section 2.

  • Therefore, what attracts customers most is the structure of the rotating bodies.

  • FAIR RECOVERYDepartment of Employment Affairs and Social Protection’s handling of overpaymentsDuring 2018 the Department had been working, through its Central Debt Unit, on the drafting of a procedures manual entitled Management of Customer Overpayments and Recovery of Customer Debt.

  • General Regulations 2.6 PAYMENT ARRANGEMENTS (Cont’d) 2.6.8 Customer Overpayments The Company will provide interest on customer overpayments that are not refunded within 30 days of the date the Company receives the overpayment.

  • These agencies are required to make payment in accordance with the provisions of Article XI-A of the State Finance Law (Chapter 153 of the Laws of 1984).Section 2 - GENERAL RULES AND REGULATIONS (cont'd) 2.4 PAYMENT FOR SERVICE RENDERED (cont'd) 2.4.6 Customer Overpayments The Company will provide interest on customer overpayments that are not refunded within 30 days of the date the Company receives the overpayment.

  • Carrying charges on Customer Overpayments are not paid based upon an account balance, but are paid based upon the return of an overpayment to a customer in connection with billing adjustments as identified in Electric Service Regulation No. 8.Considering the in-depth regulatory review of the Accounts, the risk of account balance manipulation is negligible, and tying the carrying charge rate to the average annual corporate interest rate does nothing to eliminate this risk.

  • Customer Overpayments 42Issued: June 21, 1999 Effective: June 22, 1999 Issued By: Richard E.

Related to Customer Overpayments

  • 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.

  • Overpayment means payment in excess of the required fee. Overpayment of less than $10 received by the board shall not be refunded.

  • Underpayment means any payment or portion of a payment not made to a provider for services delivered to eligible members according to the laws and rules applicable to the Medicaid program and to which the provider is entitled.

  • Customer Usage Data means the Telecommunications Services usage data of a CLEC End User measured in minutes, sub-minute increments, message units, or otherwise, that is recorded by SBC-13STATE and forwarded to CLEC.

  • Recovered material means waste materials and by-products recovered or diverted from solid waste, but the term does not include those materials and by-products generated from, and commonly reused within, an original manufacturing process.

  • Recovered materials means metal, paper, glass, plastic, textile, or rubber materials that have known recycling potential, can be feasibly recycled, and have been diverted and source separated or have been removed from the solid waste stream for sale, use, or reuse as raw materials, whether or not the materials require subsequent processing or separation from each other, but does not include materials destined for any use that constitutes disposal. Recovered materials as described above are not solid waste.

  • Customer User means an employee of Customer, a Customer Affiliate or Business Partner.

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • Customer Group means Customer and any of its Affiliates;

  • Gross Revenue means:

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

  • Customer Premises means premises owned, controlled or occupied by the Customer which are made available for use by the Supplier or its Sub-Contractors for provision of the Services (or any of them);

  • Supplier Operations means all assets, processes and systems (including information systems), data (including Customer data), personnel, and sites, used or processed by Supplier from time to time in the performance of this Agreement.

  • Customer’s Premises means the land and buildings owned or occupied by a Customer, and any land over which the Customer has an easement or right to pass electricity, including:

  • Recoveries means, with respect to any Receivable that becomes a Liquidated Receivable, monies collected in respect thereof, from whatever source, during any Collection Period following the Collection Period in which such Receivable became a Liquidated Receivable, net of the sum of any amounts expended by the Servicer for the account of the Obligor and any amounts required by law to be remitted to the Obligor.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Undisputed as used herein shall mean any amount that the Subscribing Reinsurer has not contested in writing to the Company specifying the reason(s) why the payments are disputed.

  • New Service Customers means all customers that submit an Interconnection Request, a Completed Application, or an Upgrade Request that is pending in the New Services Queue. New Service Request:

  • Customer means the State agency or other entity identified in a contract as the party to receive commodities or contractual services pursuant to a contract or that orders commodities or contractual services via purchase order or other contractual instrument from the Contractor under the Contract. The “Customer” may also be the “Buyer” as defined in the PUR 1001 if it meets the definition of both terms.

  • Customer Deposits means at any time, the aggregate amount at such time of (a) deposits made by customers with respect to the purchase of goods or the performance of services and (b) layaway obligations of the Borrowers.

  • Customer List means a list in electronic form (or such other form determined by ActewAGL) which sets out the following items for a Volume Customer Delivery Point:

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

  • Total Service Charges means all charges, after application of all discounts and credits, for Services excluding Taxes, Governmental Charges, equipment, Company ILEC, Company Wireless, Document Delivery Fax, non-recurring, goods and services acquired by Company as Customer’s agent, international pass-through access (Type 3/PTT) and charges for international access or provided by Company (Type 1), charges for security services provided by Cybertrust, Inc. or its affiliates set forth in the Guide as providers of Cybertrust security services and other charges expressly excluded by this Agreement.

  • ACS means “asset-controlling supplier” as that term is defined in the Cap and Trade Regulations.

  • Customers means such brokerage or other customers or investment advisory or other clients of a Recipient, and/or accounts as to which such Recipient provides administrative support services or is a custodian or other fiduciary.