Handling of Errors Sample Clauses

The Handling of Errors clause defines the procedures and responsibilities for identifying, reporting, and correcting mistakes or inaccuracies that occur during the execution of an agreement. Typically, this clause outlines the steps parties must take to notify each other of errors, the timeframe for correction, and any limitations on liability or remedies available. Its core function is to ensure that errors are addressed promptly and transparently, minimizing potential disputes and maintaining the integrity of the contractual relationship.
Handling of Errors. Where an error occurs to an electronic document for reasons not attributable to the fault of the user, the Company shall assist the user in making correction, and provide other necessary assistance. Where an error occurs to an electronic document for reasons attributable to the fault of the Company, the Company shall make correction immediately upon learning the error and notify the user via email, phone call, text message, or push notification of Service APP. Where an error occurs to an electronic document for reasons attributable to the fault of the user, and the error pertains to the user making a mistake in the account number or amount transferred into an e-payment account applied or operated by the user such that money is transferred into a wrong account or the wrong amount is transferred, the Company shall take the following actions immediately upon receiving a notice from the user: 1. Provide details and relevant information on the transaction in accordance with applicable regulations; 2. Notify all users involved to render assistance; and 3. Reply to the user the handling of situation.
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Handling of Errors. 10.1 The Entrustee and Account Manager shall set up a sound internal control system, exercise strict management over process and optimize management techniques to prevent any error in management of Enterprise Annuity Funds from occurring. 10.2 The Entrustee and Account Manager shall have in place an error reporting system, and with regard to any error in management of Enterprise Annuity Funds arising from any causes whatsoever which affects or may affect the interests of the Entrusters and Beneficiaries, notify the other in writing within 24 hours from the day of discovery of such error and notify the Entrusters as required by the Laws and Regulations. 10.3 The Entrustee and Account Manager shall handle any error in account management in the best interest of the Beneficiaries in a fair, prompt and responsible manner. Where such error is due to reasons on the part of the Entrustee or Account Manager, the responsible party shall correct such error by emergency solutions and the other party shall provide assistance therein; where such error is due to other reasons, the Entrusters and Account Manager shall assist each other and the responsible party in correcting the error. 10.4 The responsible party shall be correspondingly liable for compensation for any Losses caused by such error. To the extent that any Losses or aggravation of Losses arise out of the failure of either party to promptly assist the responsible party in error correcting, such party shall also bear its proper share of liability for compensation. 10.5 Both the Entrustee and Account Manager shall inform each other of the correction of the account management of Enterprise Annuity and ensure that any and all errors are corrected. 10.6 Error adjustment shall restore the management to what it would otherwise be if no error had occurred as far as possible, and handling of errors shall follow the principle of difference makeup.
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Handling of Errors. Support by Feide The party that becomes aware of errors in Feide or other non-conformances that may be significant for the other party shall give written notice to the other party. UNINETT may provide such notice, for example, via the Web. Written notification shall always be provided if unintended distribution of personal data has taken place. The Organization shall provide first-line support for its own users and UNINETT shall provide second-line support as specified in further detail in Part 2 of the agreement.
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Related to Handling of Errors

  • Correction of Errors Contractor shall perform, at its own cost and expense and without reimbursement from the District, any work necessary to correct errors or omissions which are caused by the Contractor’s failure to comply with the standard of care required herein.

  • Monitoring of Servicers (a) The Master Servicer shall be responsible for reporting to the Trustee, the Trust Administrator and the Depositor the compliance by each Servicer with its duties under the related Servicing Agreement. In the review of each Servicer's activities, the Master Servicer may rely upon an officer's certificate of the Servicer with regard to such Servicer's compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that a Servicer should be terminated in accordance with its Servicing Agreement, or that a notice should be sent pursuant to such Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor, the Trust Administrator and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate. (b) The Master Servicer, for the benefit of the Trustee, the Trust Administrator and the Certificateholders, shall enforce the obligations of each Servicer under the related Servicing Agreement, and shall, in the event that a Servicer fails to perform its obligations in accordance with the related Servicing Agreement, subject to the preceding paragraph, terminate the rights and obligations of such Servicer thereunder and act as successor Servicer of the related Mortgage Loans or cause the Trustee to enter into a new Servicing Agreement with a successor Servicer selected by the Master Servicer; provided, however, it is understood and acknowledged by the parties hereto that there will be a period of transition (not to exceed 90 days) before the actual servicing functions can be fully transferred to such successor Servicer. Such enforcement, including, without limitation, the legal prosecution of claims, termination of Servicing Agreements and the pursuit of other appropriate remedies, shall be in such form and carried out to such an extent and at such time as the Master Servicer, in its good faith business judgment, would require were it the owner of the related Mortgage Loans. The Master Servicer shall pay the costs of such enforcement at its own expense, provided that the Master Servicer shall not be required to prosecute or defend any legal action except to the extent that the Master Servicer shall have received reasonable indemnity for its costs and expenses in pursuing such action. (c) To the extent that the costs and expenses of the Master Servicer related to any termination of a Servicer, appointment of a successor Servicer or the transfer and assumption of servicing by the Master Servicer with respect to any Servicing Agreement (including, without limitation, (i) all legal costs and expenses and all due diligence costs and expenses associated with an evaluation of the potential termination of the Servicer as a result of an event of default by such Servicer and (ii) all costs and expenses associated with the complete transfer of servicing, including all servicing files and all servicing data and the completion, correction or manipulation of such servicing data as may be required by the successor servicer to correct any errors or insufficiencies in the servicing data or otherwise to enable the successor servicer to service the Mortgage Loans in accordance with the related Servicing Agreement) are not fully and timely reimbursed by the terminated Servicer, the Master Servicer shall be entitled to reimbursement of such costs and expenses from the Collection Account. (d) The Master Servicer shall require each Servicer to comply with the remittance requirements and other obligations set forth in the related Servicing Agreement. (e) If the Master Servicer acts as Servicer, it will not assume liability for the representations and warranties of the Servicer, if any, that it replaces. (f) If a Servicer fails to make its required payment of Compensating Interest on any Distribution Date, the Master Servicer will be required to make such payment of Compensating Interest to the same extent that such Servicer was required to make such payment of Compensating Interest. (g) To the extent a Servicer requests the consent of the Trust or the Master Servicer with respect to any servicing-related matter for which the applicable Servicer is required to seek consent under the applicable Servicing Agreement or Assignment Agreement, the Master Servicer shall promptly or within the time frame specified in such Servicing Agreement, if any, evaluate such request for consent in the best interest of the Trust and the Certificateholders, and grant or withhold such consent accordingly.

  • Errors State Street shall assume no responsibility for failure to detect any erroneous payment order provided that State Street complies with the payment order instructions as received and State Street complies with the Security Procedure. The Security Procedure is established for the purpose of authenticating payment orders only and not for the detection of errors in payment orders.

  • Processing of a Grievance It is recognized and accepted by the Union and the Employer that the processing of grievances as hereinafter provided is limited by the job duties and responsibilities of the employees and shall therefore be accomplished during normal working hours only when consistent with such employee duties and responsibilities. The aggrieved employee and a Union representative shall be allowed a reasonable amount of time without loss of pay when a grievance is investigated and presented to the Employer during normal working hours provided that the employee and the Union representative have notified and received the approval of the designated supervisor who has determined that such absence is reasonable and would not be detrimental to the work programs of the Employer.

  • Trade Errors The Sub-Advisor will notify the Manager of any Trade Error(s), regardless of materiality, promptly upon the discovery such Trade Error(s) by the Sub-Advisor. Notwithstanding Section 5, the Sub-Advisor shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from Trade Errors due to negligence, misfeasance, or disregard of duties of the Sub Advisor or any of its directors, officers, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates. For purposes under this Section 6, “Trade Errors” are defined as errors due to (i) erroneous orders by the Sub-Advisor for the Series that result in the purchase or sale of securities that were not intended to be purchased or sold; (ii) erroneous orders by the Sub-Advisor that result in the purchase or sale of securities for the Series in an unintended amount or price; or (iii) purchases or sales of financial instruments which violate the investment limitations or restrictions disclosed in the Fund’s registration statement and/or imposed by applicable law or regulation (calculated at the Sub-Advisor’s portfolio level), unless otherwise agreed to in writing.