Unrecoverable Loss definition

Unrecoverable Loss means 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.

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Unrecoverable Loss means portion of funds transferred and credited to the wrong party due to erroneous/mistaken payments or unauthorised/fraudulent payments that cannot be retrieved after we have exhausted the recovery of funds process.

Unrecoverable Loss means the portion ofto thfe uwrnondg s transfe party due to erroneous, mistaken, unauthorised or fraudulent payments that cannot be

Examples of Unrecoverable Loss in a sentence

• The amount frozen shall amount to no more than the amount of the Unrecoverable Loss.

• Notwithstanding the aforesaid, this will not prohibit RHB to take legal action against MERCHANT, to the extent permissible by law, to make good the Unrecoverable Loss incurred.

• If RHB has sufficient grounds to suspect MERCHANT is involved in the fraud or is benefiting from the fraud, RHB shall prevent withdrawal or use of the remaining funds in MERCHANT’s account with RHB until there is satisfactory resolution of Unrecoverable Loss.

• Notwithstanding the aforesaid, this will not prohibit the ▇▇▇▇▇▇ Bank to take legal action against the ▇▇▇▇▇▇, to the extent permissible by law, to make good the Unrecoverable Loss incurred.

• 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.

More Definitions of Unrecoverable Loss

Unrecoverable Loss means the portion of funds transferred and credited to the wrong party due to erroneous, mistaken, unauthorised or fraudulent payments that cannot be retrieved after the Crediting Participant have exhausted the recovery of funds process.

Unrecoverable Loss means the portion of funds trans party due to erroneous, mistaken, unauthorised or fraudulent payments that cannot be