Ineligible Item definition

Ineligible Item refers to the following types of checks or items which shall be considered ineligible for the Mobile Deposit Service: • Checks or items payable, in whole or in part, to any person or entity other than the person or entity that owns the Account that the check is being deposited into. • Checks or items containing an obvious alteration, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. • Checks or items previously presented for payment electronically or converted to a substitute check, as defined in Reg. CC. • Checks or items drawn on a financial institution located outside the United States. • Checks or items that are remotely created checks, as defined in Reg. CC. • Checks or items not payable in United States currency. • Checks or items dated more than 6 months prior to the date of deposit. • Checks or items prohibited by our current procedures relating to the Service or which are otherwise not acceptable under your Account Agreement. • Checks or items payable on sight or payable through drafts, as defined in Reg. CC. • Checks or items with any endorsement on the back other than that specified in this Agreement. • Checks or items that have previously been submitted through the Service or through a remote deposit capture service offered at any other financial institution; and • Checks or items that are drawn on or otherwise issued by the United States Treasury Department.
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Ineligible Item refers to the following types of checks or items which shall be considered ineligible for the Mobile Deposit Service: i. Checks or items payable, in whole or in part, to any person or entity other than the person or entity that owns the Account that the check is being deposited into; ii. Checks or items containing an obvious alteration, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn; iii. Checks or items previously presented for payment electronically or converted to a substitute check, as defined in Reg. CC; iv. Checks or items drawn on a financial institution located outside the United States; v. Checks or items that are remotely created checks, as defined in Reg. CC; vi. Checks or items not payable in United States currency; vii. Checks or items dated more than 6 months prior to the date of deposit; viii. Checks or items prohibited by our current procedures relating to the Service or which are otherwise not acceptable under the Terms and Conditions of Your Account; ix. Checks or items payable on sight or payable through drafts, as defined in Reg. CC; x. Checks or items with any endorsement on the back other than that specified in this Agreement; xi. Checks or items that have previously been submitted through the Service or through a remote deposit capture service offered at any other financial institution; xii. Checks or items that are drawn or otherwise issued by the United States Treasury Department; and xiii. Checks or items that are written with a future date from the date of deposit.
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Ineligible Item refers to the following types of checks or items which shall be considered ineligible for the Mobile Deposit Service: (i) Checks or items payable, in whole or in part, to any person or entity other than the person or entity that owns the Account that the check is being deposited into; (ii) Checks or items containing an obvious alteration, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn; (iii) Checks or items previously presented for payment electronically or converted to a substitute check, as defined in Reg. CC; (iv) Checks or items drawn on a financial institution located outside the United States; (v) Checks or items that are remotely created checks, as defined in Reg. CC; (vi) Checks or items not payable in United States currency; (vii) Checks or items dated more than 6 months prior to the date of deposit; (viii) Checks or items prohibited by our current procedures relating to the Service or which are otherwise not acceptable under the Terms and Conditions of Your Account; (ix) Checks or items payable on sight or payable through drafts, as defined in Reg. CC; (x) Checks or items with any endorsement on the back other than that specified in this Agreement; (xi) Checks or items that have previously been submitted through the Service or through a remote deposit capture service offered at any other financial institution; and (xii) Checks or items that are drawn or otherwise issued by the United States Treasury Department.
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Examples of Ineligible Item in a sentence

  • TeleCheck may elect to provide warranty coverage for an Ineligible Item that Company submits for processing.

  • Providing warranty coverage for an Ineligible Item will not constitute a course of dealing, waiver of rights, or prevent TeleCheck from rejecting warranty coverage for any other Ineligible Items.1.10.

  • Company will assess the highest fee amount allowed by applicable Laws on all Return Items, which TeleCheck may collect and retain from consumers.1.9. “Goodwill” of an Ineligible Item.

  • We further reserve the right to charge back to your Account at any time any Eligible Item that we subsequently determine was an Ineligible Item.

  • If you deposit such an Ineligible Item, you agree to reimburse us for any losses, costs and expenses we may incur associated with warranty, or indemnity claims, including but not limited to, the duplicate payment of a Check.

  • In using RDS, you agree to scan and remotely deposit into a deposit Account checks (“Checks” or “Items”), as that term is defined in Article 4 of the New York Uniform Commercial Code (“UCC”) that is not an Ineligible Item, as defined below Federal Reserve Board Regulation CC (“Reg CC”).

  • You agree that the Bank is not liable for any loss, costs, or fees you may incur as a result of our chargeback of an Ineligible Item.

  • You agree that you will not attempt to retransmit for deposit through the Service an Image of a check previously determined to be an Ineligible Item without our prior consent.

  • Company will assess the highest fee amount allowed by applicable Laws on all Return Items, which TeleCheck may collect and retain from consumers.1.9. "Goodwill" of an Ineligible Item.

  • Workshops and seminars were also used to promote peer-to-peer learning and capacity enhancement based on good practices in the areas of strategic planning, taxpayer, risk management, and post clearance audit.


More Definitions of Ineligible Item

Ineligible Item means: • Checks or items containing obvious alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect are fraudulent, or otherwise not authorized by the owner of the account on which the check or item is drawn, and that all signatures are authentic and authorized; • Checks or items previously converted to a “Substitute Check or IRD”, as defined in Reg CC; • Checks or items drawn on a financial institution located outside the United States; • Checks or items that are “Remotely Created Checks”, as defined in Reg CC; • Checks or items not payable in United States currency; • Checks or items dated more than six (6) months prior to the date of deposit or postdated; • Money orders or Savings bonds.
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Ineligible Item means: • Checks or items payable to any person or entity other than an authorized signer on the specified account; • Checks or items containing obvious alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect are fraudulent, or otherwise not authorized by the owner of the account on which the check or item is drawn, and that all signatures are authentic and authorized; • Checks or items previously converted to a “Substitute Check or IRD”, as defined in Reg CC; • Checks or items drawn on a financial institution located outside the United States; • Checks or items that are “Remotely Created Checks”, as defined in Reg CC; • Checks or items not payable in United States currency; • Checks or items dated more than six (6) months prior to the date of deposit or postdated; • Money orders or Savings bonds.
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Related to Ineligible Item

  • Ineligible Account means an Account that at the time of determination is not an Eligible Account.

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

  • Eligible Items means the goods imported under the Program (except those specifically excluded pursuant to Attachment 1 to Schedule 3 to this Loan Agreement), the foreign exchange costs of which are eligible for financing out of the proceeds of the Loan;

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Ineligible Loan Each Loan other than an Eligible Loan.

  • Ineligible means that the individual obtained the checks and clearances as described in sections 5n and 5q and is not considered appropriate to obtain a license, to be a member of the household of a group child care home or family child care home, or to be a child care staff member due to violation of section 5n, 5q, or 5r.

  • Ineligibility means the Athlete or other Person is barred on account of an anti-doping rule violation for a specified period of time from participating in any Competition or other activity or funding as provided in Article 10.12.1;

  • Eligible Receivable means, at any time, a Receivable:

  • Ineligible Person shall include an individual or entity who: i. is currently excluded, debarred, suspended, or otherwise ineligible to participate in the Federal health care programs or in Federal procurement or nonprocurement programs; or ii. has been convicted of a criminal offense that falls within the scope of 42 U.S.C. § 1320a-7(a), but has not yet been excluded, debarred, suspended, or otherwise declared ineligible.

  • Ineligible Costs means those costs set out under section E2.1 of Schedule “E” of this Agreement.

  • Eligible Receivables means Receivables arising in the ordinary course of -------------------- Borrower's business from the sale of goods or rendition of services, which Silicon, in its sole judgment, shall deem eligible for borrowing, based on such considerations as Silicon may from time to time deem appropriate. Without limiting the fact that the determination of which Receivables are eligible for borrowing is a matter of Silicon's discretion, the following (the "Minimum ------- Eligibility Requirements") are the minimum requirements for a Receivable to be ------------------------ an Eligible Receivable: (i) the Receivable must not be outstanding for more than 90 days from its invoice date, (ii) the Receivable must not represent progress xxxxxxxx, or be due under a fulfillment or requirements contract with the Account Debtor, (iii) the Receivable must not be subject to any contingencies (including Receivables arising from sales on consignment, guaranteed sale or other terms pursuant to which payment by the Account Debtor may be conditional), (iv) the Receivable must not be owing from an Account Debtor with whom the Borrower has any dispute (whether or not relating to the particular Receivable), (v) the Receivable must not be owing from an Affiliate of Borrower, (vi) the Receivable must not be owing from an Account Debtor which is subject to any insolvency or bankruptcy proceeding, or whose financial condition is not acceptable to Silicon, or which, fails or goes out of a material portion of its business, (vii) the Receivable must not be owing from the United States or any department, agency or instrumentality thereof (unless there has been compliance, to Silicon's satisfaction, with the United States Assignment of Claims Act), (viii) the Receivable must not be owing from an Account Debtor located outside the United States or Canada (unless pre-approved by Silicon in its discretion in writing, or backed by a letter of credit satisfactory to Silicon, or FCIA insured satisfactory to Silicon), (ix) the Receivable must not be owing from an Account Debtor to whom Borrower is or may be liable for goods purchased from such Account Debtor or otherwise. Receivables owing from one Account Debtor will not be deemed Eligible Receivables to the extent they exceed 25% of the total Receivables outstanding. In addition, if more than 50% of the Receivables owing from an Account Debtor are outstanding more than 90 days from their invoice date (without regard to unapplied credits) or are otherwise not eligible Receivables, then all Receivables owing from that Account Debtor will be deemed ineligible for borrowing. Silicon may, from time to time, in its discretion, revise the Minimum Eligibility Requirements, upon written notice to the Borrower.

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.

  • Ineligible Security means any security which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.

  • Ineligible Institution has the meaning assigned to such term in Section 9.04(b).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Ineligible Holder is defined in Section 4.8(c).

  • Eligible Investments Any one or more of the following obligations or securities:

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Eligible Trade Receivables means Accounts arising from the sale of the Loan Parties’ Inventory (other than those consisting of Credit Card Receivables) that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Account (i) has been earned by performance and represents the bona fide amounts due to a Loan Party from an account debtor, and in each case originated in the ordinary course of business of such Loan Party, and (ii) in each case is acceptable to the Administrative Agent in its discretion, and is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (t) below. Without limiting the foregoing, to qualify as an Eligible Trade Receivable, an Account shall indicate no Person other than a Loan Party as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Loan Party may be obligated to rebate to a customer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Eligible Trade Receivable. Any Accounts meeting the foregoing criteria shall be deemed Eligible Trade Receivables but only as long as such Account is not included within any of the following categories, in which case such Account shall not constitute an Eligible Trade Receivable:

  • Eligible Investor Either (i) a Qualified Institutional Buyer that is purchasing for its own account or for the account of a Qualified Institutional Buyer to whom notice is given that the offer, sale or transfer is being made in reliance on Rule 144A or (ii) an Institutional Accredited Investor.

  • Critical Test Concentration or "(CTC)" means the specified effluent dilution at which the Permittee is to conduct a single-concentration Aquatic Toxicity Test.

  • Excess Concentration means, without duplication, the sum of the following amounts:

  • Authorized emergency vehicle means any of the following: