Notice of Error in Payment Clause Samples

The Notice of Error in Payment clause requires a party to promptly inform the other party if they identify a mistake in a payment, such as an incorrect amount or a misdirected transfer. Typically, this clause outlines the timeframe within which the error must be reported and may specify the process for correcting the mistake, such as providing supporting documentation or initiating a refund or adjustment. Its core function is to ensure that payment discrepancies are addressed quickly and transparently, minimizing financial disputes and facilitating timely resolution of errors.
Notice of Error in Payment. Except as provided in Section 1.04 of this Exhibit E, if within forty-five (45) days after receipt of SCE’s Payment, Seller does not give SCE Notice of an error in the payment amount or ▇▇▇▇ credit, then Seller will be deemed to have waived any error in the payment.
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Notice of Error in Payment. Except as provided in Section 1.04 of this EXHIBIT E, if within forty-five (45) calendar days after receipt of Anaheim’s Payment, Seller does not give Anaheim Notice of an error in the payment amount, then Seller will be deemed to have waived any error in the payment.
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Related to Notice of Error in Payment

  • Delay in Payment Notwithstanding anything else to the contrary in this Agreement, the BEP, or any other plan, contract, program or otherwise, the Company (and its affiliates) are expressly authorized to delay any scheduled payments under this Agreement, the BEP, and any other plan, contract, program or otherwise, as such payments relate to the Executive, if the Company (or its affiliate) determines that such delay is necessary in order to comply with the requirements of Section 409A of the Internal Revenue Code. No such payment may be delayed beyond the date that is six (6) months following the Executive’s separation from service (as defined in Section 409A). At the end of such period of delay, the Executive will be paid the delayed payment amounts, plus interest for the period of any such delay. For purposes of the preceding sentence, interest shall be calculated using the six (6) month Treasury ▇▇▇▇ rate in effect on the date on which the payment is delayed, and shall be compounded daily. If the conditions of the severance exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) (or any successor Regulation thereto) are satisfied, payment of benefits shall not be delayed for six (6) months following termination of employment to the extent permitted under the severance exception.

  • ALL-IN PAYMENTS It is agreed all-in payments breach the award and this Agreement. All-in payments to employees will not be made. Where it is alleged all-in payments are being made, the provisions of the VBIA shall apply.

  • Default in Payment Any payment not made within ten (10) business days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate in effect from time to time at Citibank, N.A., or any successor thereto. Such interest shall be payable at the same time as the corresponding payment is payable.

  • Report-In Pay An employee who reports to work on a regularly scheduled workday without previous notice not to report shall receive a minimum of four (4) hours work or four (4) hours pay in lieu thereof at the applicable hourly rate.

  • Change in Payment Instructions to Obligors Except as may be required by Agent pursuant to Section 8.2(b), such Seller Party will not add or terminate any bank as a Collection Bank, or make any change in the instructions to Obligors regarding payments to be made to any Lock-Box or Collection Account, unless Agent and each Purchaser Agent shall have received, at least ten (10) days before the proposed effective date therefor, (i) written notice of such addition, termination or change and (ii) with respect to the addition of a Collection Bank or a Collection Account or Lock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock-Box; provided, however, that Servicer may make changes in instructions to Obligors regarding payments if such new instructions require such Obligor to make payments to another existing Collection Account.