Common use of Audit Settlement Clause in Contracts

Audit Settlement. If an error is discovered as a result of an audit performed by LACERA, or if Vendor becomes aware of any error affecting LACERA through any other means, Vendor shall promptly correct such error by crediting or debiting LACERA in the appropriate amount and shall pay damages to LACERA pursuant to Section 17 above.

Audit Settlement. If an error is discovered as a result of an audit performed by LACERA, or if Vendor Consultant becomes aware of any error affecting LACERA through any other means, Vendor Consultant shall promptly correct such error by crediting or debiting LACERA in the appropriate amount and shall pay damages to LACERA pursuant to Section 17 above.