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

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

  • 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 RHB to take legal action against MERCHANT, to the extent permissible by law, to make good the Unrecoverable Loss incurred.

  • Within the business, HR is responsible for carrying out exit interviews uncovering reasons for turnover and monitoring market rates and trends.

  • Notwithstanding the aforesaid, the Crediting Participant shall not be prevented from taking legal action against the Merchant to make good the Unrecoverable Loss to the extent permitted by law.14.4. The Crediting Participant shall fully refund DuitNow QR fees incurred for erroneous, mistaken, unauthorised and/or fraudulent payment, if the error was not due to the Merchant except in situation where the Merchant decides to partially refund an overpayment.

  • LOSC is divided into four sub-level categories as following: • S1 - Recoverable Loss of Shutdown Cooling System • S2 - Unrecoverable Loss of Shutdown Cooling System • SO – Over-drainage during Reduced inventory Operation • SL – Failure to Maintain Water Level during Reduced Inventory Operation The former two IEs are initiated by the mechanical failure of shutdown cooling (SCP) and the latter two IEs are caused by SCPs failure due to the cavitation by insufficient suctions.

  • The amount frozen shall be no more than the amount of the Unrecoverable Loss.14.3. The Merchant agrees to take all measures to recover the Unrecoverable Loss if the Unrecoverable Loss is due to its fault or negligence.

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


More Definitions of Unrecoverable Loss

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

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.