Common use of DELAYS, ERRORS AND OMISSIONS Clause in Contracts

DELAYS, ERRORS AND OMISSIONS. No inadvertent delay, error or omission shall be held to relieve either party hereto of any liability which would have attached to them under this Contract if such delay, error or omission had not been made, provided that rectification is made immediately upon discovery.

Appears in 14 contracts

Samples: Loss Reinsurance Contract (Darwin Professional Underwriters Inc), Share Reinsurance Contract (Darwin Professional Underwriters Inc), Loss Reinsurance Contract (Darwin Professional Underwriters Inc)

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DELAYS, ERRORS AND OMISSIONS. No Any inadvertent delayerror, error omission or omission delay in complying with the terms and conditions of this Agreement shall not be held to relieve either party hereto of from any liability which that would have attached attach to them under this Contract it hereunder if such delayerror, error omission or omission delay had not been made, provided that rectification such error, omission or delay is made rectified immediately upon discovery.

Appears in 12 contracts

Samples: Quota Share Reinsurance Agreement (Watford Holdings Ltd.), Property Catastrophe Quota Share Retrocession Agreement (Watford Holdings Ltd.), Quota Share Retrocession Agreement (Watford Holdings Ltd.)

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