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Correction of Error
Correction of Error contract clause examples
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The amount of the award was calculated based upon the achievement of certain financial results that were subsequently the subject of a restatement or the correction of a material error; and

For Class 1 Errors, [[Organization A:Organization]] shall provide a Correction or workaround reasonable in [[Bank of America:Organization]]’s judgment within the Repair Period after [[Bank of America:Organization]] reports the Error, or within four (4) hours after [[Bank of America:Organization]] first reports the Error if no other Repair Period is specified. These steps shall include assigning fully-qualified technicians to work with [[Bank of America:Organization]] without interruption or additional charge, twenty-four (24) hours per day, until [[Organization A:Organization]] provides a Correction or workaround reasonable in [[Bank of America:Organization]]’s judgment.

Correction of Name of Owner. By virtue of typographic error, the name of the Owner appearing on the cover page is shown incorrectly to be “ LCC;” it is hereby corrected and amended to be “”.

ARTICLE # – ADMINISTRATION.. 14

Major Errors. Kx shall, within ​ of the receipt of notice from of a Major Error, initiate work to verify such Major Error. If Kx can reproduce the Major Error, then it will use diligent efforts to provide an Error Correction for such Major Error within the following ​ period, including any necessary modification to the Licensed Software. In the event that Kx is unable to correct any Major Error within such ​, shall have the right to request written assurances from Kx that it is using diligent efforts to correct the Major Error and is likely to do so within a commercially reasonable time.

Correction of Loan Documents. Bank may correct patent errors and fill in any blanks in the Loan Documents consistent with the agreement of the parties so long as Bank provides Co-Borrowers with written notice of such correction and allows Co-Borrowers at least ten (10) days to object to such correction. In the event of such objection, such correction shall not be made except by an amendment signed by Bank and Co-Borrowers.

Correction of Loan Documents. Bank may correct patent errors and fill in any blanks in the Loan Documents consistent with the agreement of the parties, and Bank shall deliver to Borrower copies of all Loan Documents so corrected.

In the event the Service Provider or the Company should discover upon review of its accounting by its internal auditors, independent auditor, any state insurance department, or other regulatory agency, that an amount charged for Services provided hereunder was erroneous, the party discovering the error will give prompt notice of such error to the affected party under this Agreement. Such notice shall contain a description of the accounting error, corrective action and supporting documentation. Any amounts owing, as a result of the correction shall be paid within sixty (60) days after notice has been given.

“Error Correction” means either a modification or addition that, when made or added to the Licensed Software, brings the Licensed Software into material conformity with its functional specifications, or a procedure or routine that, when observed in the regular operation of the Licensed Software, avoids the practical adverse effect of such nonconformity.

Correction of Defects, Omissions and Inconsistencies. The Administrator may correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award in the manner and to the extent it shall deem desirable to carry the Plan into effect.

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