Fraudulent Instruction definition

Fraudulent Instruction means an intentional, fraudulent and unauthorized instruction directed to the Insured or an Investment Adviser, that is:
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Fraudulent Instruction means any fraudulent or unauthorized written, electronic, telegraphic, cable, teletype or telephone instruction that is intended to mislead Purchaser or any other third party through the misrepresentation of a material fact related to the Products purchased or Seller. If Purchaser receives a request to modify / change any agreed upon / utilized payment process (e.g., accounts/wire instructions, updates to lock box) for its account with Seller, Purchaser must promptly direct such request to Seller and verbally receive a confirmed receipt from Seller of a test wire or payment of $1.00, prior to Purchaser accepting any changes to the payment process.
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Fraudulent Instruction means a written, electronic or oral instruction communicated directly to an employee of the Insured by a third party under False Pretenses. Provided, however, this exclusion shall not apply to Securities Claims.
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Examples of Fraudulent Instruction in a sentence

  • At final completion of all Above-Threshold Projects, the Permittee shall request a Certificate of Completion pursuant to the requirements of Section 181-77 of these Regulations.

  • The Insurer will pay the Insured for direct loss of Money or Securities resulting from a Fraudulent Instruction directing a financial institution to transfer, pay or deliver Money or Securities from the Insured Transfer Account.

  • Loss resulting directly from the Insured having, in good faith, transferred funds on deposit in a Customer’s account as a result of a Fraudulent Instruction when the Insured, prior to transferring the funds, used its reasonable best efforts to verify the identity of the person transmitting the instruction; provided that if the instruction is purported to be from a Customer, the Insured performed an Out-of- Band Verification and followed a Security Procedure with respect to such instruction.

  • With respect to Commercial Customers, coverage only applies if the transmittal method by which the Insured received the Fraudulent Instruction was a transmittal method authorized by the Commercial Customer in the Funds Transfer Agreement.

  • Such Fraudulent Instruction received and, if applicable, Out-of-Band Verification performed, must be either recorded, logged, or documented by the Insured.

  • The deductible and amount of loss in excess of the policy is the responsibility of the Agency.In addition to the State’s policies, the Agency has Cyber Liability and Fraudulent Instruction coverage, which is intended to mitigate financial losses associated with criminal acts of breach and fraudulent impersonation of Agency staff.

  • Crime includes Fraudulent Instruction 2$150k, Funds Transfer Fraud@$150k, Telephone Fraud@$100k and Criminal Reward@$50k.

  • The deductible and amount of loss in excess of the policy is the responsibility of the Agency.In addition to the State’s policies, the Agency has Cyber Liability and Fraudulent Instruction coverage, which is intended to mitigate financial losses associated with criminal acts of breach and fraudulent impersonation of Agency vendors and staff.

  • Direct loss of Money or Securities resulting from a Fraudulent Instruction directing a financial institution to transfer, pay or deliver Money or Securities from the Insured Transfer Account.

  • All losses arising out of or resulting from the same Fraudulent Instruction, multiple or a series of Fraudulent Instructions purporting to be from the same Vendor, Client or Authorized Employee or related Vendors, Clients or Authorized Employees, or multiple or a series of Fraudulent Instructions from the same Third Party or related Third Parties shall be deemed a single loss under this Policy subject to the each loss limit set forth in Section 6.


More Definitions of Fraudulent Instruction

Fraudulent Instruction means the transfer, payment or delivery of Money or Securities by an Insured as a result of fraudulent written, electronic, telegraphic, cable, teletype or telephone instructions provided by a third party, that is intended to mislead an Insured through the misrepresentation of a material fact which is relied upon in good faith by such Insured.Fraudulent Instruction will not include loss arising out of:
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Fraudulent Instruction means an intentional, fraudulent and unauthorized instruction directed to the Insured, which is: 1. transmitted via telefacsimile, and: a. purports and reasonably appears to be from a Customer, a Financial Institution, or another office of the Insured; b. was in fact transmitted by someone other than a Customer, a Financial Institution, or another office of the Insured; and c. purports and reasonably appears to contain the handwritten signature of a person authorized to initiate such transfer that proves to have been used by an unauthorized person; 2. transmitted verbally, via telephone, and purports to be from: a. an officer, director, partner or employee of a Customer, who is authorized by the b. a Customer who is a natural person; or c. an Employee in another office of the Insured, who was authorized by the Insured to instruct other Employees to transfer funds on deposit in a Customer’s account; and was received by an Employee specifically designated to receive and act upon such instructions, but was in fact transmitted by someone other than a person described in paragraph W.2.; or 3. transmitted via electronic mail or electronic text, and purports and reasonably appears to be from a Customer of the Insured, but was in fact transmitted by someone other than such Customer.
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Fraudulent Instruction means an intentional, fraudulent, and unauthorized instruction directed to the Insured, that is transmitted:
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Fraudulent Instruction means an intentional, fraudulent and unauthorized instruction directed to the Insured or an Investment Adviser, that is: 1. transmitted via telefacsimile, and: a. purports and reasonably appears to be from a Customer, a Financial Institution, or another office of the Insured; b. was in fact transmitted by someone other than a Customer, a Financial Institution, or another office of the Insured; and c. purports and reasonably appears to contain the handwritten signature of a person authorized to initiate such transfer that proves to have been used by an unauthorized person; or 2. transmitted verbally, via telephone, and purports to be from: a. an officer, director, partner or employee of a Customer, who is authorized by the Customer to instruct the Insured or an Investment Adviser to make such a transfer; b. a Customer who is a natural person; or
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Fraudulent Instruction means: (1) an electronic, computer, telegraphic, cable, teletype, telefacsimile or telephone instruction which purports to have been transmitted by the Organization, but which was, in fact, fraudulently transmitted by another party without the Organization’s knowledge or consent; (2) a written instruction issued by the Organization, which was forged or altered by another party without the Organization’s knowledge or consent, or which purports to have been issued by the Organization, but which was, in fact, fraudulently issued without the Organization’s knowledge or consent; or (3) an electronic, computer, telegraphic, cable, teletype, telefacsimile, telephone or written instruction initially received by the Organization which purports to have been transmitted by an Employee, but which was, in fact, fraudulently transmitted by another party without such Employee’s or the Organization’s knowledge or consent.
Sample 1
Fraudulent Instruction means: (1) With regard to Paragraph A.1.b.: (a) A computer, telegraphic, cable, teletype, telefacsimile, telephone or other electronic instruction directing a financial institution to debit your "transfer account" and to transfer, pay or deliver money or securities from that "transfer account", which instruction purports to have been issued by you, but which in fact was fraudulently issued by someone else without your knowledge or consent. (b) A written instruction issued to a financial institution directing the financial institution to debit your "transfer account" and to transfer, pay or deliver money or securities from that "transfer account", through an electronic funds transfer system at specified times or under specified conditions, which instruction purports to have been issued by you, but which in fact was issued, forged or altered by someone else without your knowledge or consent. (c) A computer, telegraphic, cable, teletype, telefacsimile, telephone or other electronic or written instruction initially received by you, which instruction purports to have been issued by an "employee", but which in fact was fraudulently issued by someone else without your or the "employee's" knowledge or consent. (2) With regard to Paragraph A.2.: A computer, telegraphic, cable, teletype, telefacsimile, telephone or other electronic, written or voice instruction directing an "employee" to enter or change "electronic data" or "computer programs" within a "computer system" covered under this Insuring Agreement, which instruction in fact was fraudulently issued by your computer software contractor. SPECIMEN
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Related to Fraudulent Instruction

  • Fraudulent Transfer Laws has the meaning set forth in Section 2.2.

  • fraudulent practice means a misrepresentation of facts in order to influence a procurement process or the execution of a contract to the detriment of the Procuring Entity, and includes collusive practices among Bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the Procuring Entity of the benefits of free and open competition.

  • Fraudulent Conveyance means a fraudulent conveyance under Section 548 of Chapter 11 of Title II of the Bankruptcy Code or a fraudulent conveyance or fraudulent transfer under the applicable provisions of any fraudulent conveyance or fraudulent transfer law or similar law of any state, nation or other governmental unit, as in effect from time to time.

  • fraudulent practices which means any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation; and

  • corrupt and fraudulent practice means the offering, giving, receiving, or soliciting, of anything of value to influence the action of a public official or the contractor in the procurement process or in contract execution to the detriment of the procuring agency; or misrepresentation of facts in order to influence a procurement process or the execution of a contract, collusive practices among applicants/bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the procuring agency of the benefits of free and open competition and any request for, or solicitation of anything of value by any public official in the course of the exercise of his duty;

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • Dishonest or Fraudulent Act means any dishonest or fraudulent act, including “larceny and embezzlement” as defined in Section 37 of the Investment Company Act of 1940, committed with the conscious manifest intent (1) to cause the Insured to sustain a loss and (2) to obtain financial benefit for the perpetrator or any other person (other than salaries, commissions, fees, bonuses, awards, profit sharing, pensions or other employee benefits). A Dishonest or Fraudulent Act does not mean or include a reckless act, a negligent act, or a grossly negligent act.

  • fradulent practice means a misrepresentation or omission of facts in order to influence a procurement process or the execution of contract;

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the Xxxxxx (such as, but not limited to, Xxxxxx name, Xxxxxx account number, and Scheduled Payment Date).

  • Securities Transfer Act means the Securities Transfer Act (British Columbia) from time to time in force and all amendments thereto and includes all regulations and amendments thereto made pursuant to that Act.

  • Payment Instructions has the meaning set forth in Section 5.2(a) of the Loan Agreement.

  • Repudiation/Moratorium means the occurrence of both of the following events: (i) an authorised officer of a Reference Entity or a Governmental Authority (x) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount of not less than the Default Requirement or (y) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than the Default Requirement and (ii) a Failure to Pay, determined without regard to the Payment Requirement, or a Restructuring, determined without regard to the Default Requirement, with respect to any such Obligation occurs on or prior to the Repudiation/Moratorium Evaluation Date.

  • Repudiation/Moratorium means the occurrence of both of the following events:

  • Violent felony means the same as that term is defined in Section 76-3-203.5.

  • Payment instrument means any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order;

  • Violent juvenile felony means any of the delinquent acts enumerated in subsection B or C of

  • Consumer Guarantee means a right or guarantee the Customer may have under the Australian Consumer Law or other rights in relation to the supply of goods or services (such as terms implied into a contract) that cannot lawfully be excluded.

  • former Act means the Companies Act or the International Business Companies Act;

  • Violent crime means a forcible felony, as defined in Iowa Code section 702.11, and includes any other felony or aggravated misdemeanor which involved the actual or threatened infliction of physical or emotional injury on one or more persons.

  • Disbursement Instruction Agreement means an agreement substantially in the form of Exhibit M to be executed and delivered by the Borrower pursuant to pursuant to Section 6.1(a)(xi), as the same may be amended, restated or modified from time to time with the prior written approval of the Administrative Agent.

  • Gift instrument means a record or records, including an institutional solicitation, under which property is granted to, transferred to, or held by an institution as an institutional fund.

  • Other health impairment means having limited strength, vitality, or alertness, including a heightened alertness to environmental stimuli, that results in limited alertness with respect to the educational environment, that:

  • Margin of purchase preference means the maximum extent to which the price quoted by a local supplier may be above the L1 for the purpose of purchase preference.

  • Fraud means any offence under laws creating offences in respect of fraudulent acts or at common law in respect of fraudulent acts in relation to the Contract or defrauding or attempting to defraud or conspiring to defraud the Crown.

  • Dispatch Instruction has the meaning set forth in the CAISO Tariff.

  • Violent act means behavior that resulted in homicide,