Error: The process terminated unexpectedly - when generating payments

When running a Generate payment process, users may receive the error: 

The process terminated unexpectedly.
Download and install the latest patch, which contains all fixes from previous patches. If you are running an older version, download and install the latest version and then the patch. 

Environment

 2.94.1524, patch 22
 2.94.1524, patch 48

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