Fraudulent Payments definition

Fraudulent Payments means any Payments effected in violation of the laws of the Netherlands, as well as cancelled, erroneous, and/or recalled Payments. However, the amount of Fraudulent Payments deducted from Income shall not be more than three percent (3%) of the amount of the Income for the corresponding Reporting Period.
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Fraudulent Payments means any Payments effected in violation of the laws of Cyprus and/or other applicable laws, as well as cancelled, erroneous, and/or recalled Payments. However, the amount of Fraudulent Payments deducted from Income shall not be more than three percent (3%) of the amount of the Income for the corresponding Reporting Period.
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Fraudulent Payments. You must pay for GoodOwl transactions using one of our accepted payment methods. We encourage professionals to make sure that payment has cleared before starting to work, and to report attempted fraud to us and to the police. • Contact information: All GoodOwl members must keep their account details up to date. We take action when we know that a member has false or missing contact information, or if we can't contact a member because they have an invalid or dead email address. To report a client who may be violating our policies:
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Examples of Fraudulent Payments in a sentence

  • Without prejudice to Clause 25 (Corrupt Gifts and Fraudulent Payments) hubco shall notify the Participants in writing of the occurrence (and details) of any Prohibited Act promptly on hubco becoming aware of its occurrence.

  • However, it does not include a Fraudulent Payment Instruction; Unrecoverable Loss The portion of funds credited to the wrong party due to Erroneous Payments or Fraudulent Payments that cannot be retrieved after Participants have exhausted the recovery of funds process.

Related to Fraudulent Payments

  • 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.

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

  • Kickback, as used in this clause, means any money, fee, commission, credit, gift, gratuity, thing of value, or compensation of any kind which is provided to any prime Contractor, prime Contractor employee, subcontractor, or subcontractor employee for the purpose of improperly obtaining or rewarding favorable treatment in connection with a prime contract or in connection with a subcontract relating to a prime contract.

  • Sexual act means conduct between persons consisting of contact between the penis and the vulva, the penis and the anus, the mouth and the penis, the mouth and the vulva, or any intrusion, however slight, by any part of a person’s body or object into the genital or anal opening of another.

  • Bankruptcy Code means Title 11 of the United States Code.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Bankruptcy Law means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.