Common use of Corrections to Reports Clause in Contracts

Corrections to Reports. Data Recipient shall have a sixty (60) day grace period (beginning on the due date of the original report) within which to revise or correct its usage reporting in order to obtain retroactive credits. The Exchange will not provide Data Recipient with back credits for original or revised reporting received after the end of the grace period. Revised reporting could include, but is not limited to, reclassification of Data used or distributed, reporting of usage under alternative pricing structures and correction of errors by Data Recipient. This section does not limit Data Recipient’s obligations to the Exchange for under-reporting.

Corrections to Reports. Data Recipient shall have a sixty one hundred and twenty (60120) day grace period (beginning on the due date of the original report) within which to revise or correct its usage reporting in order to obtain retroactive credits. The Exchange will not provide Data Recipient with back credits for original or revised reporting received after the end of the grace period. Revised reporting could include, but is not limited to, reclassification of Data used or distributed, reporting of usage under alternative pricing structures and correction of errors by Data Recipient. This section does not limit Data Recipient’s obligations to the Exchange for under-reporting.