Fraudulent Instructions definition

Fraudulent Instructions means a fraudulent written instruction, electronic instruction (including email or web-based instruction) or telephone instruction that is intended to mislead an Insured through the misrepresentation of a material fact that is relied upon in good faith by such Insured.
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Fraudulent Instructions means a fraudulent written instruction, electronic instruction (including email or web-based instruction) or telephone instruction provided by a person purporting to be a “vendor”, “client”, or an “authorized employee”, that is intended to mislead an insured through the misrepresentation of a material fact that is relied upon in good faith by such insured.
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Fraudulent Instructions. Loss resulting directly from an Employee transferring escrow funds from an account of the Insured or controlled by the Insured through use of escrow checks or wires to disburse said funds where the Employee acts:
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Examples of Fraudulent Instructions in a sentence

  • FRAUDULENT INSTRUCTIONThe Insurer shall indemnify the first named Insured for loss resulting directly from an Insured having transferred, paid, or delivered any Money or Securities as a direct result of Fraudulent Instructions provided by a person purporting to be a Vendor, Client, or an Authorized Employee.

  • Fraudulent Instructions issued by any third party without the knowledge or consent of the Client or without the negligence of the Client, only upon evidence of such fraud.

  • This flow has been used by FEMA to identify areas subject to flooding for flood insurance purposes.

  • 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.

  • All losses arising out of or resulting from the same Fraudulent Instruction, multiple or 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 to be each a single loss under this Policy subject to the Retention stated in Section 2.

  • Fraudulent Instructions issued by any third party without the knowledge or consent of the customer or without the negligence of the customer, only upon evidence of such fraud.

  • Fraudulent Instruction CoverageUnderwriters shall indemnify the Insured Organization for loss resulting directly from an Insured Organization having transferred, paid, or delivered any Money or Securities as a direct result of Fraudulent Instructions provided by a person purporting to be a Vendor, Client, or an Authorized Employee.

  • Fraudulent Instructions means a fraudulent written instruction, electronic instruction (including email or web-based instruction) or telephone instruction provided by a person purporting to be a Vendor, Client, or an Authorized Employee, that is intended to mislead an Insured through the misrepresentation of a material fact that is relied upon in good faith by such Insured.

  • To indemnify the Named Insured for loss, in excess of the applicable Retention, resulting directly from an Insured having transferred, paid, or delivered any Money or Securities as a direct result of Fraudulent Instructions provided by a person purporting to be a Vendor, Client, or an Authorized Employee, provided such loss must occur after the Retroactive Date and before the end of the Policy Period.

  • FRAUDULENT INSTRUCTIONTo indemnify the Named Insured for loss, in excess of the applicable Retention, resulting directly from an Insured having transferred, paid, or delivered any Money or Securities as a direct result of Fraudulent Instructions, provided such loss is first discovered by the Insured and reported in writing to the Underwriters during the Policy Period and must occur after the Retroactive Date and before the end of the Policy Period.

Related to Fraudulent Instructions

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

  • 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.

  • 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.

  • 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).

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

  • CER Act means the Canadian Energy Regulator Act (Canada), and regulations thereunder, all as amended or replaced from time to time.

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

  • Consumer Guarantee means a consumer guarantee applicable to this contract under the Australian Consumer Law, including any Express Warranty.

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

  • Violent felony means any offense that, if committed by an adult, would constitute a felony and:

  • 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.

  • 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;

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • RBC instructions means the RBC report, including risk-based capital instructions adopted by the NAIC, as the RBC instructions may be amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC.

  • Violent act means behavior that resulted in homicide,

  • Fecal coliform means aerobic and facultative, Gram-negative, nonspore-forming, rod-shaped bacteria capable of growth at 44.5° C, and associated with fecal matter of warm-blooded animals;

  • Administration of criminal justice means performance of any activity directly involving the

  • Voice Initiated Funds Transfer Instruction means any Voice Initiated Redemption or Voice Initiated Election.For the purposes of these definitions, the singular includes the plural and the plural includes the singular, unless otherwise indicated. General Exclusions - Applicable to All Insuring Clauses2. This bond does not directly or indirectly cover:a. loss not reported to the COMPANY in writing within sixty (60) days after termination of this Bond as an entirety;b. loss due to riot or civil commotion outside the United States of America and Canada, or any loss due to military, naval or usurped power, war or insurrection. This Section 2.b., however, shall not apply to loss which occurs in transit in the circumstances recited in INSURING CLAUSE 3., provided that when such transit was initiated there was no knowledge on the part of any person acting for the ASSURED of such riot, civil commotion, military, naval or usurped power, war or insurrection;c. loss resulting from the effects of nuclear fission or fusion or radioactivity;d. loss of potential income including, but not limited to, interest and dividends not realized by the ASSURED or by any customer of the ASSURED;e. damages of any type for which the ASSURED is legally liable, except compensatory damages, but not multiples thereof, arising from a loss covered under this Bond;f. costs, fees and expenses incurred by the ASSURED in establishing the existence of or amount of loss under this Bond, except to the extent covered under INSURING CLAUSE 11.;g. loss resulting from indirect or consequential loss of any nature; General Exclusions - Applicable to All Insuring Clauses(continued)h. loss resulting from dishonest acts by any member of the Board of Directors or Board of Trustees of the ASSURED who is not an Employee, acting alone or in collusion with others;

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