Common use of Error and Oversight Clause in Contracts

Error and Oversight. If, unintentionally and through error or oversight, either the Pool or the Ceding Company fails to comply with terms of this Agreement, and if, upon discovery by one of such failure the other is immediately notified, then the duties and responsibilities of both the Pool and the Ceding Company shall be as if each had complied with the terms of this Agreement, subject always to correction of the error or oversight.

Error and Oversight. If, unintentionally and through error or oversight, either the Pool or the Ceding Company fails to comply with terms of this Agreement, and if, upon discovery by one of such failure the other is immediately notified, then the duties and responsibilities of both the Pool and the Ceding Company shall be as if each had complied with the terms of this Agreement, subject always to correction of the error or oversight.