Correction of Errors definition

Correction of Errors to withdraw funds deposited in the Certificate Account in error;
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Correction of Errors to withdraw funds deposited in the Collection Account in error; and
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Correction of Errors to withdraw funds deposited in the applicable Certificate Accounts in error; (xi) Distribution Account: to make payment on each Master Servicer Remittance Date of the remaining amounts in the applicable Certificate Accounts (including Excess Interest) to the Distribution Account (or in the case of any Excess Interest, deposit to the Excess Interest Sub-account under Section 5.3(b)) other than amounts held for payment in future periods or pursuant to clause (xii) below;
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Examples of Correction of Errors in a sentence

  • The Member's loan principal and interest payments (i) shall be credited to the Member's Compensation Deferral Contributions Account as units of value, the number of which is determined as of the Valuation Date next following the date of such payment by dividing the dollar amount of the payment by the then current unit of value and (ii) shall be invested in accordance with the Member's investment directions for future Compensation Deferral Contributions pursuant to Section 8.2. 8.7 Correction of Errors.

  • Summary of significant accounting policies The NIF that went into effect as of January 1, 2006, represent the Conceptual Framework and are intended to serve as the supporting rationale for the development of these standards, and as a reference to resolve issues arising in practice; NIF B-1, "Accounting Changes and Correction of Errors", was also issued.

  • ADJUSTMENTS 29 8.1 Pro Forma Statement 29 8.2 Correction of Errors and Omissions; Other Liabilities 29 8.3 Payments 30 8.4 Interest 30 8.5 Subsequent Adjustments 30 ARTICLE IX.

  • Evidence required of anyone under this Plan may be by certificate, affidavit, document, or other instrument which the person acting in reliance thereon considers to be pertinent and reliable and to be signed, made, or presented to the proper party.• Correction of Errors.

  • Correction of Errors..........................................................

  • Except as provided in Sections 10.8(j) (Correction of Errors), 10.9 (Domestic Relations Orders) and 10.11 (Deductible Contributions), no portion of the Trust shall be diverted to purposes other than this or revert to or become the property of an Employer at any time prior to the satisfaction of all liabilities with respect to the Participants.

  • The Member's loan principal and interest payments (i) shall be credited to the Member's Compensation Deferral Contributions Account as units of value, the number of which is determined as of the Valuation Date next following the date of such payment by dividing the dollar amount of the payment by the then current unit of value and (ii) shall be invested in accordance with the Member's investment directions for future Compensation Deferral Contributions pursuant to Section 8.2. 8.6 Correction of Errors.

  • ADJUSTMENTS; SETTLEMENT PROCESS 31 8.1 Pro Forma Statement 31 8.2 Correction of Errors and Omissions; Other Liabilities 32 8.3 Payments 32 8.4 Interest 32 8.5 Subsequent Adjustments 32 ARTICLE IX.

  • Data and Reports 20.1 Provision of Data 20.2 Ownership of Gap Data 20.3 Correction of Errors 20.4 Return of Data 20.5 Reports 20.6 Safeguarding Client Data 20.7 Data Retention 21.

  • ADJUSTMENTS 32 8.1. Pro Forma Statement 32 8.2. Correction of Errors and Omissions; Other Liabilities 32 8.3. Payments 33 8.4. Interest 33 8.5. Subsequent Adjustments 33 ARTICLE IX.


More Definitions of Correction of Errors

Correction of Errors means the correction of the description that does not represent the original purport by mistake to a description that represents the original purport.
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Correction of Errors. Notwithstanding the successful completion of the Gateway Design Review by the Engineer of drawings, or information submitted by the Contractor, the Contractor shall be responsible for correcting any errors, omissions or discrepancies therein.
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Related to Correction of Errors

  • Correction as used in this clause, means the elimination of a defect.

  • Errors shall have the meaning specified in Section 8.2(c) of the Sale and Servicing Agreement.

  • Error Correction means the use of reasonable commercial efforts to correct Errors.

  • Medication error means any preventable event that may cause or lead to inappropriate medication use or patient harm, while the medication is in the control of the health care professional, patient, or consumer. Such events may be related to professional practice, health care products, procedures, and systems including, but not limited to: prescribing; order communication; product labeling, packaging and nomenclature; compounding; dispensing; distribution; administration; education; monitoring; and use.

  • NAV Error means an error in the computation of the net asset value for a Fund or class as more fully described in the NAV Error Policy.

  • Nonconformity or “Nonconformities” means any failure or failures of the Software to conform to the requirements of this Contract, including any applicable Documentation.

  • Nonconformance as used in this clause means a condition of any hardware, software, material, or service/workmanship in which one or more characteristics do not conform to requirements.

  • Software Error means a reproducible defect or combination thereof in the Software that results in a failure of the Software when used in accordance with the Documentation. Software Errors do not include those errors caused by (a) Licensee’s negligence, (b) any unauthorized modification or alteration Licensee makes to the Software, (c) data that does not conform to Licensor’s specified data format, (d) operator error, or (e) use not conforming to the Licensor’s supported technical environment specified in the Documentation.

  • Minor defect means a defect which is not a Major Defect.

  • Problem means an unknown underlying cause of one or more Incidents. It becomes a Known Error when the root cause is known and a temporary workaround or permanent alternative has been identified.

  • Bug means a repeatable phenomenon of unintended events or actions during the running of a Software Device under normal conditions that results in:

  • Root Cause Analysis Report means a report addressing a problem or non-conformance, in order to get to the ‘root cause’ of the problem, which thereby assists in correcting or eliminating the cause, and prevent the problem from recurring.

  • Latent Defect means a defect, inherently lying within the material or arising out of design deficiency, which do not manifest themselves and/or was not reasonably discoverable during Defect Liability period.

  • Service Specifications means the following documents, as applicable to the Services under Your order:

  • Service Specification means and include detailed description, statements to technical data, performance characteristics, and standards (Indian as well as) as applicable and as specified in the Contract as well as those specifications relating to Industry standards and codes applicable to the performance of the work, work performance quality and the specifications affecting the works or any additional specification required to be produced by the DCO to meet the design criteria.

  • Malfunction means any sudden, infrequent, and not reasonably preventable failure of air pollution control equipment, process equipment, or a process to operate in a normal or usual manner. Failures that are caused in part by poor maintenance or careless operation are not malfunctions.

  • Continued Errors has the meaning specified in Section 2.2(c)(iii).

  • Encounter Data Any Contractor accessing payments for services through the Global Commitment to Health Waiver and Vermont Medicaid programs must provide encounter data to the Agency of Human Services and/or its departments and ensure that it can be linked to enrollee eligibility files maintained by the State.

  • System Emergency has the meaning set forth in the CAISO Tariff.

  • Nonconforming structure means a structure the size, dimension or location of which was lawful prior to the adoption, revision or amendment of a zoning ordinance, but which fails to conform to the requirements of the zoning district in which it is located by reasons of such adoption, revision or amendment.

  • Software Updates means the Software releases, service packs, build updates or emergency fixes released from time to time in accordance with the Vocera’s update policy for such Software.

  • Clerical error means a clerical error in the processing of an Order, and includes, but is not limited to, the following: (i) a transmission error, including but not limited to, an Order sent to the wrong address or number, failure to transmit certain pages or illegible transmission, (ii) failure to transmit an Order received from one or more Existing Owners or Potential Owners (including Orders from the Broker-Dealer which were not originated by the Auction Desk) prior to the Broker-Dealer Deadline or generated by the Broker-Dealer’s Auction Desk for its own account prior to the Submission Deadline or (iii) a typographical error. Determining whether an error is a “Clerical Error” is within the reasonable judgment of the Broker-Dealer, provided that the Broker-Dealer has a record of the correct Order that shows it was so received or so generated prior to the Broker-Dealer Deadline or the Submission Deadline, as applicable.

  • Corrective Maintenance means the maintenance which is required when an item has failed or worn out, to bring it back to working order, which may also include those services necessary to partially restore, renew or strengthen an existing Department facility or system, following damage caused by use or normal wear and tear.

  • Latent Defects means such defects caused by faulty designs, material or work-man- ship which cannot be detected during inspection, testing etc, based on the technology available for carrying out such tests.

  • Software Update means a package used to upgrade software to a new version including a change of the configuration parameters.

  • Self-service display means the open display or storage of Tobacco Products or Tobacco Paraphernalia in a manner that is physically accessible in any way to the general public without the assistance of the retailer or employee of the retailer and a direct person-to-person transfer between the purchaser and the retailer or employee of the retailer. A vending machine is a form of Self-Service Display.