Incorrect Payment definition

Incorrect Payment means a payment that (a) has not been executed according to Proper Instructions given to us; or (b) has been processed outside our maximum processing time for that type of payment; or (c) has not been processed at all.
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Incorrect Payment means a payment that:
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Incorrect Payment. If, following any inspection under clause 6.13, Comvita’s representative determines that Derma Sciences has underpaid the amount of royalties payable to Comvita under this Agreement: (a) Comvita’s representative will provide to Derma Sciences a written report of his or her determination. Such report will show how Comvita’s representative has calculated the underpayment; and (b) within five Business Days following receipt of the written determination, Derma Sciences will pay to Comvita the unpaid amount. Derma Sciences will at the same time pay interest on such amount in accordance with clause 6.8.
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Examples of Incorrect Payment in a sentence

  • Incorrect Payment of Service If the DES Provider has been paid a Service Fee in error, they must notify the Department.

  • As AFTA is coming close to attaining its original objective, questions arose as to what is next for AFTA.

  • If you find out a MBS item has been incorrectly claimed on your behalf, or the service has been funded through hospital funding as well as Medicare billing (a duplicate payment), you can ask the billing officer to rectify it by submitting a Voluntary Acknowledgement of Incorrect Payment form.

  • Incorrect Payment ....................................................................

  • Part 1 explains circumstances where you may be entitled to a refund because of an Unauthorised Payment or an Incorrect Payment, the extent of our liability to you, and the rules that apply to any claim.

  • Incorrect Payment 113115 ArticleARTICLE IX MISCELLANEOUS 1168 Section 9.01.

  • Incorrect Payment .................................................................................

  • Incorrect Payment of Amount Payable in Same Taxable Year or Incorrect Payment in Violation of § 409A(a)(2)(B)(i) Corrected During Subsequent Taxable Year 10 D.

  • SSP Client Overpayment Notice (State Supplementary Program), and DSHS 18-399, Social Service Incorrect Payment Computation.

  • Incorrect Payment of PIP Bill - 1 File in Error Although the medical director denied a bill for claim number 70008858because clinical documentation did not support the medical necessity of the procedure, the Company paid the claim nevertheless.


More Definitions of Incorrect Payment

Incorrect Payment has the meaning given to that term in clause ‎12.1(a).
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Incorrect Payment means a VRP initiated to a Merchant, which is or was authorised by the Bank Customer, but has been incorrectly executed, including where the payment amount is incorrect, the payment date is incorrect, the payment frequency is incorrect or multiple payments have been made in error;
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Related to Incorrect Payment

  • Direct Payment means a payment granted directly to farmers under a support scheme listed in Annex I;

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Payment Item means each check, draft or other item of payment payable to a Borrower, including those constituting proceeds of any Collateral.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Untimely payment means a payment to a subcontractor that is more than 90 days past due under the terms and conditions of a subcontract for supplies and services for which the Government has paid the prime contractor.

  • Payment Processor means any Person providing Payment Processing services in connection with another Person’s sale of goods or services, or in connection with any charitable donation.

  • Payment Statement As defined in Section 6.01 hereof.

  • Payment Amount as defined in Section 3.5.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Collection site means the location of waste containers on collection day.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • relevant payment means either a student loan or an amount intended for the maintenance of dependants referred to in paragraph 76(7) or both.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • Improper Payment means: (a) any payment, offer, gift or promise to pay or authorization of the payment or transfer of other things of value, including without limitation any portion of the compensation, fees or reimbursements received hereunder or the provision of any service, gift or entertainment, directly or indirectly to (i) a Government Official; (ii) any director, officer, employee or commercial partner of a Party or its Affiliates; or, (iii) any other person at the suggestion, request or direction or for the benefit of any of the above-described persons and entities, for purposes of obtaining or influencing official actions or decisions or securing any improper advantage in order to obtain, retain or direct business; (b) payments made and expenses incurred in connection with performance of obligations under this Agreement that are not made and recorded with sufficient accuracy, detail, and control to meet the standards in applicable Anti-Corruption Laws; or, (c) any other transaction in violation of applicable Anti- Corruption Laws.

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

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Transfer Payment Received As defined in Section 4.03.

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Payment Date Statement means a report setting forth certain information relating to the Reference Pool, the Notes, the Reference Tranches and the hypothetical structure described in the Prospectus, which shall be in such form as is required under the Prospectus and otherwise as agreed upon between the Issuer and the Global Agent.

  • Payment card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.

  • 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.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Reimbursement Amounts As defined in Section 3.22.