Incorrect Payments definition

Incorrect Payments shall have the meaning specified in Clause 5.3(b) of the Receivables Trust Deed and Trust Cash Management Agreement;
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Incorrect Payments means a payment incorrectly paid or transferred to the Fund Account, identified as such by the Servicer and confirmed by the Fund Manager or the Custodian;
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Incorrect Payments means a payment made by a Lessee incorrectly paid or transferred to the Issuer Collection Account and/or the Issuer Transaction Account, identified as such by the Servicer and confirmed by the Transaction Manager.
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Examples of Incorrect Payments in a sentence

  • If from time to time payments of monies are incorrectly paid into the Trustee Collection Account ("INCORRECT PAYMENTS"), such monies may incorrectly be deemed to be Collections representing Trust Property and allocated in a manner consistent with the principles set out in the First Schedule (as amended by any Supplement) unless prior to such allocation the Receivables Trustee is notified by the Trust Cash Manager or any Co-Trust Cash Manager that such monies are Incorrect Payments.

  • Unless notified by the Trust Cash Manager as Incorrect Payments the Receivables Trustee will regard all monies in the Trustee Collection Account as Collections in respect of Receivables assigned to the Receivables Trustee.

  • If from time to time payments of monies are incorrectly deemed to be Trust Property and paid into the Trustee Collection Account ("INCORRECT PAYMENTS"), such monies may be deemed to be Collections representing Trust Property and allocated in a manner consistent with this Deed (as amended by any Supplement) unless prior to such allocation the Receivables Trustee is notified by the Trust Cash Manager or any Co-Trust Cash Manager that such monies are Incorrect Payments.

  • Incorrect Payments (Continued)Because the participant is not paying the health insurance premium, that individual is clearly ineligible to receive the reimbursement.

  • If from time to time payments of monies are incorrectly deemed to be Trust Property and paid into the Trustee Collection Account (Incorrect Payments), such monies may be deemed to be Collections representing Trust Property and allocated in a manner consistent with this Deed (as amended by any Trust Supplement) unless prior to such allocation the Receivables Trustee is notified by the Servicer that such monies are Incorrect Payments.

  • Incorrect Payments (Continued) Participant 3Since September 2006, DHHS has reimbursed a participant’s health insurance premium even though the participant has not paid the health insurance premium, resulting in overpayments of$29,428.65 during the period tested.

  • If from time to time payments of monies are incorrectly deemed to be Trust Property and paid into the Trustee Collection Account ("Incorrect Payments"), such monies may be deemed to be Collections representing Trust Property and allocated in a manner consistent with this Deed (as amended by any Supplement) unless prior to such allocation the Receivables Trustee is notified by the Servicer that such monies are Incorrect Payments.

  • Incorrect Payments (Continued) Batch Number G/L Date Note 1: Prior to the period tested, from March 2009 to June 2010, DHHS overpaid the participant $11,280.43.Note 2: The highlighted cells shows the HIPP payment made when there was a premium holiday.

  • Where such an adjustment is required to be made, the Cash Administrator will notify Noteholders and/or Certificateholders (as applicable) of the same in accordance with the terms of Notes Conditions 6 (Incorrect Payments) and 13 (Notice to Noteholders).

  • In the event that, after good faith joint efforts, GP and the Buyer are unable to agree on one or more of the Estimated Net Working Capital, Estimated Pre-Closing Capital Expenditures, the Estimated Indebtedness, the Estimated Deemed Revolver Interest Amount, the Estimated Net Cash Advances or the Estimated Net Incorrect Payments, each such item in dispute shall be determined by taking the average of the estimations of such item by GP and the Buyer.


More Definitions of Incorrect Payments

Incorrect Payments means a payment made by a Borrower incorrectly paid or transferred to the Servicer and identified as such by the Servicer.
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Incorrect Payments means a payment incorrectly paid or transferred to the Rose Notes Issuer Account, identified as such by the Servicer and by the Rose Notes Issuer (or the Transaction Manager on its behalf);
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Incorrect Payments shall have the meaning specified in clause 6.3(b) (Incorrect Payments) of the Receivables Trust Deed and Servicing Agreement.
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Incorrect Payments means a payment incorrectly paid or transferred to the Payment Account, identified as such by the Servicer and confirmed by the Transaction Manager which will not form part of Available Interest Distribution Amount or the Available Principal Distribution Amount;
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Related to Incorrect Payments

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

  • Reimbursement Amounts As defined in Section 3.22.

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

  • Payments refers to anything of value, including cash, gifts, travel expenses, entertainment, offers of employment, provision of free services, and business meals. It may also include event sponsorships, consultant contracts, fellowship support, job offers, and charitable contributions made at the request of, or for the benefit of, an individual, his or her family, or other relations, even if made to a legitimate charity.

  • Withheld Amounts shall have the meaning assigned to such term in Section 3.

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

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Unscheduled Payments With respect to any Distribution Date, all payments and collections received with respect to the Whole Loan or upon foreclosure or liquidation of the Property (net of related foreclosure expenses and Liquidation Expenses) during the related Collection Period including, but not limited to, prepayments due to acceleration of the Whole Loan, Net Liquidation Proceeds, Net Foreclosure Proceeds, Condemnation Proceeds, Insurance Proceeds, voluntary prepayments and other payments and collections on the Trust Loan or Whole Loan, as applicable, not scheduled to be received, other than Monthly Payments or any Balloon Payment.

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

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Disallowed costs means those charges determined to be unallowable, in accordance with the applicable Federal statutes, regulations, or the terms and conditions of the Federal award. (2 CFR 200.31 and 45 CFR 75.2)

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • 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 Grant Agreement, including any unapproved expenditures. Xxxxxxx understands and agrees that it shall be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Grant Agreement. 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 Grant Agreement.

  • Contract Adjustment Payments means the payments payable by the Company on the Special Payment Date or the Payment Dates in respect of each Purchase Contract, at a rate per year of [•]% of the Stated Amount per Purchase Contract.

  • 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.

  • Excess Collections shall have the meaning specified in Section 2.8(a)(xv) of the Indenture.

  • Direct Patient Care means the provision of health care services provided directly to individuals being treated for or suspected of having physical or mental illnesses. Direct patient care includes both, face-to-face and telehealth-based preventative care and first-line supervision.

  • Reimbursement Amount As defined in Section 2.04.

  • 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.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • PURCHASE PAYMENTS [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

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

  • Available Collections means, for any Distribution Date, (i) all Obligor payments received with respect to the Receivables during the preceding Collection Period, (ii) all Liquidation Proceeds received with respect to the Receivables during the preceding Collection Period, (iii) all interest earned on funds on deposit in the Collection Account during the preceding Collection Period, (iv) the aggregate Purchase Amount deposited in the Collection Account on the preceding Distribution Date, (v) all prepayments received with respect to the Receivables during the preceding Collection Period attributable to any refunded item included in the Amount Financed (including amounts received as a result of rebates of extended service plan contract costs and insurance premiums and proceeds received under physical damage, theft, GAP, credit life and credit disability insurance policies), and (vi) all Simple Interest Advances deposited into the Collection Account by the Servicer on the Business Day preceding such Distribution Date; provided, however, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Purchased Receivable for the Collection Period during which the related Purchase Amount was deposited by the Seller into the Collection Account; provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Receivable to the extent that the Servicer has made an unreimbursed Simple Interest Advance with respect to such Receivable and is entitled to reimbursement from such payments or other amounts pursuant to Section 4.4 of the Sale and Servicing Agreement; and, provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to the Receivables that are retained by the Servicer as reimbursement for Unreimbursed Servicer Advances pursuant to Section 4.4 of the Sale and Servicing Agreement; provided, further, however, that Available Collections for any Distribution Date will exclude any Supplemental Servicing Fees.