INADVERTENT ERRORS Sample Clauses
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INADVERTENT ERRORS. Wherever required to give the correct meaning throughout this Agreement, the singular number shall be interpreted in the plural. Clerical errors or errors of involuntary or inadvertent omission or commission shall not be interpreted as a discharge of liability on behalf of any of the parties to this Agreement. Such errors shall be rectified at the time of discovery or as soon as practicable thereafter.
INADVERTENT ERRORS. If, after the issuance of a “Coverage Certificate”, the “Insurer” or a “Covered Entity” discovers that an inadvertent error has been made in such “Coverage Certificate”, such party shall promptly notify the other parties of such inadvertent error. Following such notification, such inadvertent error may be corrected with the issuance of a replacement “Coverage Certificate”, but only under one of the following circumstances: (i) such inadvertent error was an inadvertent omission, incorrect reference, typographical error or unintended inconsistency in any “MPIC Application” or any “Coverage Certificate” and the issuance of the revised “Coverage Certificate” would not adversely affect the rights of the “Insurer” or a “Covered Entity”; (ii)(x) concurrently with the issuance of such revised “Coverage Certificate”, the “Covered Portfolio” and any related loan purchased by a “Covered Entity” is repaid to the extent necessary to restore the “Insurer” and the “Covered Entities” to the same position that each such “Person” would have occupied had such inadvertent error not occurred and (y) the issuance of the revised “Coverage Certificate” would not adversely affect the rights of the “Insurer” or a “Covered Entity”; or (iii) any other circumstance in which the issuance of such revised “Coverage Certificate” would not adversely affect the rights of the “Insurer” or a “Covered Entity”.