ERROR OR OMISSION Clause Samples

ERROR OR OMISSION. It is expressly understood and agreed that if non-payment of reinsurance premium within the time specified or failure to comply with other terms of this Agreement is shown to be the result of a misunderstanding, oversight or clerical error, both Company and Reinsurer shall be restored to the positions they would have occupied had no such misunderstanding, oversight or clerical error occurred. Upon discovery of the oversight, clerical error or misunderstanding, the party that committed the oversight or clerical error or acted incorrectly as a result of a misunderstanding shall promptly notify the other party in writing.

ERROR OR OMISSION. Prior to the Closing, each of Seller and Buyer shall promptly notify the other Party in writing if it obtains knowledge that any representation or warranty of Seller set forth in this Agreement is not true and correct or if it obtains knowledge of any errors in, or omissions from, the Schedules to this Agreement or of any condition or circumstance that could excuse Buyer from its timely performance of its obligations hereunder or give rise to a claim by Buyer hereunder.

ERROR OR OMISSION. You and the Corporation agree to examine each Card Account statement received from us and to notify us of any alleged error or omission within 60 days after such statement was provided, whether by personal delivery, posting or any other arrangement described in clause 14.1. After such 60- day period, such statement shall be deemed accepted and conclusively settled and no claim to the contrary by you and/ or the Corporation shall be admissible, save only in respect of: (i) any alleged error or omission so notified; or (ii) any case involving forgery or fraud by any third party or other circumstances to which clause 3.3 applies, in either case provided you and/or the Corporation have complied with clauses 3.1 and 3.2.

ERROR OR OMISSION. Prior to the Closing, Buyer shall promptly notify Parent in writing if Buyer obtains knowledge that any representation or warranty of Parent contained in this Agreement is not true and correct in all material respects, or if Buyer obtains knowledge of any material errors in, or omissions from, the Schedules to this Agreement or of any other condition or circumstance that would excuse Buyer from its timely performance of its obligations hereunder or give rise to a claim hereunder; provided, however, that any failure by Buyer to notify Parent with respect to any such error, omission, condition or circumstance will not reduce Parent’s indemnification obligations or Buyer’s other rights and remedies hereunder.

ERROR OR OMISSION. Prior to the Closing, each Party shall notify the other Party of: (a) any material notice or other communication received by such Party or any of its Affiliates from any Governmental Entity in connection with the transactions contemplated hereby or from any Person alleging that the consent of such Person is or may be required in connection with the transactions contemplated hereby in respect to those circumstances in which the underlying contract, obligation or arrangement is material and (b) the occurrence or non-occurrence of any event or any matter (including a breach of any representation, warranty, covenant or agreement contained in this Agreement) that would reasonably be expected to lead to the failure to satisfy any of the conditions to Closing in Article 6 or 7, provided, however, that the delivery of any notice pursuant to this Section 4.6 shall not cure any breach of any representation or warranty, the failure to comply with any covenant, the failure to meet any condition or otherwise limit or affect the remedies available hereunder to the Party giving or receiving such notice.

ERROR OR OMISSION. There is a medication error involving the prescribing, transcribing, dispensing, administration and/or distribution of medication(s) to an individual receiving a service. • A young person who is receiving a service is improperly detained in or released from a youth justice custody/detention facility (i.e. contrary to a court order or contrary to the proper administration of applicable legislation). • A child who is receiving a service is improperly committed or released from a secure treatment program. • There is a breach or a potential breach of privacy and/or confidentiality, including any instance/suspected instance when personal information of an individual who is receiving a service has been collected, used, stolen, lost or disclosed without authority that results in serious harm or risk of serious harm to the individual and/or others, or is in contravention of the YCJA.

ERROR OR OMISSION. Prior to the Closing, each Party shall promptly notify the other Party in writing if it obtains knowledge that any representation or warranty of the other party set forth in this Agreement is not true and correct or if it obtains knowledge of any errors in, or omissions from, the Disclosure Schedule or of any condition or circumstance that could excuse Buyer or Parent from timely performance of its obligations hereunder or give rise to a claim by Buyer or Parent hereunder, provided that any failure to provide notice shall not affect the rights or obligations of any Party has under this Agreement. Buyer’s rights under this Agreement shall not be affected or deemed waived by reason of the fact that Buyer or any of its Representatives knew or should have known that any representation or warranty is, was or might be inaccurate.