Common use of Errors or Omissions Clause in Contracts

Errors or Omissions. In the event that any Seller’s invoice can be demonstrated by Buyer to contain a material error or omission which unavoidably delays Buyer’s ability to process payment of such invoice in a timely manner, Seller shall extend the payment due date for the portion of the invoiced amount which is affected, by the same number of days (from the time Buyer first notified Seller of the error or omission) as it takes Seller to provide the corrected or additional data required by Buyer.

Errors or Omissions. In the event that any Seller’s 's invoice can be demonstrated by Buyer to contain a material error or omission which unavoidably delays Buyer’s 's ability to process payment of such invoice in a timely manner, Seller shall extend the payment due date for the portion of the invoiced amount which is affected, by the same number of days (from the time Buyer first notified Seller of the error or omission) as it takes Seller to provide the corrected or additional data required by Buyer.