Common use of Errors and Omissions Clause in Contracts

Errors and Omissions. A. Any inadvertent errors or omissions on the part of one party occurring in connection with this Agreement or any transaction hereunder shall not relieve the other party from any liability to the first party that would have otherwise attached had such error or omission not occurred, provided that such error or omission is rectified as soon as practicable after discovery thereof.

Appears in 29 contracts

Samples: Automatic Retrocession Agreement (Brighthouse Separate Account A), Automatic Retrocession Agreement (Brighthouse Separate Account A), Automatic Retrocession Agreement (Brighthouse Variable Annuity Account C)

AutoNDA by SimpleDocs

Errors and Omissions. A. Any inadvertent errors or omissions on the part of one party occurring in connection with this Agreement or any transaction hereunder shall not relieve the other party from any liability to the first party that would have otherwise attached had such error or omission not occurred, provided that such error or omission is rectified as soon as practicable after discovery thereofdiscovery.

Appears in 14 contracts

Samples: Reinsurance Agreement (Metlife Investors Usa Separate Account A), Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Reinsurance Agreement (Metlife Investors Variable Annuity Account One)

Errors and Omissions. A. Any inadvertent errors or omissions on the part of -------------------- one party occurring in connection with this Agreement or any transaction hereunder shall not relieve the other party from any liability to the first party that would have otherwise attached had such error or omission not occurred, provided that such error or omission is rectified as soon as practicable after discovery thereofdiscovery.

Appears in 4 contracts

Samples: Reinsurance Agreement (First MetLife Investors Variable Annuity Account One), Reinsurance Agreement (Metropolitan Life Separate Account E), Reinsurance Agreement (Metlife Investors Usa Separate Account A)

Errors and Omissions. A. Any inadvertent errors or omissions on the part of one party occurring in connection with this Agreement or any transaction hereunder shall not relieve the other party from any liability to the first party that would have otherwise attached had such error or omission not occurred, provided that such error or omission is rectified as soon as reasonably practicable after discovery thereof.

Appears in 2 contracts

Samples: Agreement (Metlife Investors Usa Separate Account A), Agreement (First Metlife Investors Variable Annuity Account One)

Errors and Omissions. A. Any inadvertent errors or 1. Errors and omissions on the part of one either party occurring in connection with this Agreement or any transaction hereunder shall not relieve invalidate their rights and obligations arising from this Agreement, provided that upon discovery, the other party from any liability is immediately notified and such errors or omissions are corrected without delay to restore each party to the first party that position it would have otherwise attached occupied had no such error or omission not occurred, provided that such error or omission is rectified as soon as practicable after discovery thereof.

Appears in 1 contract

Samples: Reinsurance Agreement (Equitrust Life Variable Account)

AutoNDA by SimpleDocs

Errors and Omissions. A. Any inadvertent errors or 1 Errors and omissions on the part of one either party occurring in connection with this Agreement or any transaction hereunder shall not relieve invalidate their rights and obligations arising from this Agreement, provided that upon discovery, the other party from any liability is immediately notified and such errors or omissions are corrected without delay to restore each party to the first party that position it would have otherwise attached occupied had no such error or omission not occurred, provided that such error or omission is rectified as soon as practicable after discovery thereof.

Appears in 1 contract

Samples: Reinsurance Agreement (Security Equity Life Insurance Co Separate Account 13)

Errors and Omissions. A. Any inadvertent errors or 1. Errors and omissions on the part of one either party occurring in connection with this Agreement or any transaction hereunder shall not relieve invalidate their rights and obligations arising from this Agreement, provided that upon discovery, the other party from any liability is immediately notified and such errors or omissions are corrected without delay to restore each party to the first party that position it would have otherwise attached occupied had no such error or omission not occurred, provided that such error or omission is rectified as soon as practicable after discovery thereof.

Appears in 1 contract

Samples: Reinsurance Agreement (Mony America Variable Account L)

Time is Money Join Law Insider Premium to draft better contracts faster.