Notice and Correction of Errors Sample Clauses

The Notice and Correction of Errors clause establishes a process for identifying and rectifying mistakes or inaccuracies in a contract or its execution. Typically, this clause requires one party to promptly notify the other upon discovering an error, after which the responsible party is given an opportunity to correct the issue within a specified timeframe. By formalizing this procedure, the clause helps prevent disputes from escalating by ensuring errors are addressed efficiently and transparently, thereby maintaining the integrity of the contractual relationship.
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Notice and Correction of Errors. If Policies falling within the scope of this Agreement are omitted from Schedule 4.1, or if any error is discovered in the data as reflected in the various calculations and accountings to be accomplished in accordance with this Agreement and the exhibits and schedules hereto ("Accounting"), or if any additional data is discovered by a party hereto, and those errors or additional data require revision of all or any portion of the Accounting, then the party discovering the error or additional information shall immediately give written notice thereof to the other party. Any payment required of a party because of such a revision shall be made promptly and in no event shall the payment be made more than one month after the parties agree to the amount of the payment to be made. Any adjustments in payments resulting from errors, omissions, or revisions as set out in this paragraph, if any, shall carry simple interest at the rate of 10% per annum from the Closing Date.
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Related to Notice and Correction 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.

  • Notification of Error The Trust will notify USBFS of any discrepancy between USBFS and the Trust, including, but not limited to, failing to account for a security position in the Fund’s portfolio, upon the later to occur of: (i) three business days after receipt of any reports rendered by USBFS to the Trust; (ii) three business days after discovery of any error or omission not covered in the balancing or control procedure; or (iii) three business days after receiving notice from any shareholder regarding any such discrepancy.

  • Correction of Defects 35.1 The Engineer shall give notice to the Contractor of any Defects before the end of the Defects Liability Period, which begins at Completion and is defined in the Contract Data. The Defects Liability Period shall be extended for as long as Defects remain to be corrected. 35.2 Every time notice of a Defect is given, the Contractor shall correct the notified Defect within the length of time specified by the Engineer’s notice.

  • BILLING ERRORS In case of errors or questions about electronic fund transfers from your share and share draft accounts or if you need more information about a transfer on the statement or receipt, telephone us at the following number or send us a written notice to the following address as soon as you can. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem appears. Call us at:

  • Correction No corrections shall be made in the tender documents. Any corrections that are to be made shall be made by crossing the incorrect portion and writing the correct portions above with the initials of tenderer.