Common use of Errors and Oversights Clause in Contracts

Errors and Oversights. Each party to this Agreement will act reasonably in all matters within the terms of this Agreement. Clerical errors and oversights occasioned in good faith in carrying out this Agreement will not prejudice either party, and will be rectified promptly on an equitable basis.

Appears in 7 contracts

Sources: Purchase Agreement (Charter National Variable Annuity Account), Purchase Agreement (Intramerica Variable Annuity Account), Reinsurance Agreement (Allstate Life Insurance Co)

Errors and Oversights. Each party to this Agreement will act reasonably in as to all matters within the terms of this Agreementhereof. Clerical errors Errors and oversights occasioned in good faith in carrying out this Agreement will not prejudice either party, and will be rectified promptly on an equitable basis.

Appears in 1 contract

Sources: Underwriting Agreement (Allstate Life Insurance Co of New York)