Payment Error definition

Payment Error has the meaning given in Article 7.6.10. "Performance Security" has the meaning given in Article 5.1.
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Payment Error means: (a) any underpayment or overpayment by a Party of any amount in respect of a Tax Invoice; or (b) any error in a Tax Invoice (including the omission of amounts from that Tax Invoice, the inclusion of incorrect amounts in that Tax Invoice, calculation errors in the preparation of a Tax invoice or a Tax Invoice being prepared on the basis of data which is later established to have been inaccurate). Prescribed Rate means, at any point in time, the interest rate (expressed as a rate per cent per annum) equal to the aggregate of 3 annual percentage points and the interest rate (expressed as a rate per cent per annum) then published by the Reserve Bank of Australia as the large business variable indicator lending rate.
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Payment Error means: (a) any underpayment or overpayment by a Party of any amount in respect of a Tax Invoice; or (b) any error in a Tax Invoice (including the omission of amounts from that Tax Invoice, the inclusion of incorrect amounts in that Tax Invoice, calculation errors in the preparation of a Tax invoice or a Tax Invoice being prepared on the basis of data which is later established to have been inaccurate). Possession includes custody, control, and an immediate right to possession, custody, or control. Prescribed Rate means, at any point in time, the interest rate (expressed as a rate per cent per annum) equal to the aggregate of 3 annual percentage points and the interest rate (expressed as a rate per cent per annum) then published by the Reserve Bank of Australia as the large business variable indicator lending rate. Price List means the ‘price list’ (as defined in the Access Code) specified in the Access Arrangement. Read or Reading means an attempt to collect an Actual Value from a Meter.
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Examples of Payment Error in a sentence

  • The State and Counties will work together in partnership to communicate performance expectations and results to jointly achieve federally required performance outcome measures related to the WPR and Federal Improper Payment Error Rate.

  • Liquidated damages may be assessed for not taking the required action on errors identified through the Wisconsin Medicaid Eligibility Quality Control (MEQC) Review, FoodShare Quality Assurance (FSQA) Review, Payment Error Rate Measurement (PERM) Review, and Second Party Reviews In addition to other remedies in this Appendix, the Department may conduct a review of any of the activities under this Appendix to assure that eligibility and benefits are accurately determined and certified for all programs.

  • A Section VIII, Service Level Agreement (“Process Hardship Refunds for Active Plan Participants” and “Process Refunds for Online Payment Error for Plan Participants”) on page 5 of the base agreement and substituting in lieu thereof the following: Process Hardship Refunds for Active Plan Participants: Contractor shall process and provide refunds to Active Plan Participants.

  • The State and Counties will work together in partnership to communicate performance expectations and results to jointly achieve federally required performance outcome measures related to the WPR and federal improper Payment Error Rate.

  • Excluding a Payment Error notified under clause 10.5(a) that is an underpayment which resulted from an error by the other Party, the adjusting payment must, without prejudice to the Party’s other rights, include interest calculated daily at the Prescribed Rate from the date of the Payment Error until the date of the adjusting payment.

  • Where a Payment Error is an error as a result of which the amount set out in a Tax Invoice is more than what it would have been had the error not been made, the Payment Error will be taken to have occurred on the date the User has paid the total amount of the Tax Invoice in full.

  • Under and over payments If a Party detects a Payment Error by a Party of any amount within 18 calendar months after the Payment Error: the Party must as soon as reasonably practicable give notice to the other Party of the Payment Error; and an adjusting payment must be made by the appropriate Party within 15 Business Days of the notice.

  • The two systems for conducting these evaluations are the Medicaid Eligibility Quality Control (MEQC) program and the newer Payment Error Rate Measurement (PERM) program.

  • As an example, we have assisted in completing its Payment Error Rate Measurement for the Centers for Medicare and Medicaid Services (CMS), a project that involved evaluation of thousands of client cases in a short time period.

  • Except where clause 5.4(c) applies, the adjusting payment must, without prejudice to the Party’s other rights, include interest calculated daily at the Prescribed Rate from the date of the Payment Error until the date of the adjusting payment.


More Definitions of Payment Error

Payment Error means any underpayment or overpayment by a Party of any amount in respect of a Tax Invoice.
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Payment Error means: (a) any underpayment or overpayment by a Party of any amount in respect of a Tax Invoice; or (b) any error in a Tax Invoice (including the omission of amounts from that Tax Invoice, the inclusion of incorrect amounts in that Tax Invoice, calculation errors in the preparation of a Tax Invoice or a Tax Invoice being prepared on the basis of data which is later established to have been inaccurate). Peel Business Park means the Peel Business Park situated in Nambeelup, Western Australia.
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Payment Error means: (a) any underpayment or overpayment by a Party of any amount in respect of a Tax Invoice; or (b) any error in a Tax Invoice (including the omission of amounts from that Tax Invoice, the inclusion of incorrect amounts in that Tax Invoice, calculation errors in the preparation of a Tax invoice or a Tax Invoice being prepared on the basis of data which is later established to have been inaccurate). Prescribed Rate means, at any point in time, the interest rate (expressed as a rate per cent per annum) equal to the aggregate of 3 annual percentage points and the interest rate (expressed as a rate per cent per annum) then published by the Reserve Bank of Australia as the large business variable indicator lending rate. Price List means the ‘price list’ (as defined in the Access Code) specified in the Access Arrangement. Read or Reading means an attempt to collect an Actual Value from a Meter.
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Payment Error shall have the same meaning as ascribed thereto in Article 6.5.10 below.
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Related to Payment Error

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • Payment Schedule ’ means a schedule which sets out—

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Debit Payment means a particular transaction where a debit is made.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

  • Payment Terms for a Supply Point means the Payment Method and Payment Period for it;

  • Premium payment plan means a benefit plan whereby state and

  • Payment request means any request for contract financing payment or invoice payment submitted by the contractor under this contract.

  • Monthly Invoice means an invoice issued in accordance with section 21 by MDL or the Incentives Pool Trustee to a Shipper or Welded Party for all Charges payable in respect of the previous Month by that Shipper or Welded Party, together with any outstanding amounts in respect of any Month prior to the previous Month.

  • Application for Payment means Contractor’s monthly partial invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted and performed in accordance with the requirements of the Contract Documents. The Application for Payment accurately reflects the progress of the Work, is itemized based on the Schedule of Values, bears the notarized signature of Contractor, and shall not include subcontracted items for which Contractor does not intend to pay.

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

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • 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.

  • Prompt Payment means a Payment within the time periods applicable pursuant to Sections 504.3 through 504.5 of this Exhibit in order for NYSERDA not to be liable for interest pursuant to Section 504.6.