Class 1 Errors and Class 2 Errors Sample Clauses

Class 1 Errors and Class 2 Errors. For any Class 1 Error or Class 2 Error, Intersections shall provide DMS sufficient documentation to enable DMS to reproduce the Error and DMS shall then take all reasonably necessary steps to supply a correction to Intersections as soon as practicable. If DMS is unable to reproduce a Class 1 Error or Class 2 Error, the parties will work in good faith to correct such Error on a mutually agreed-upon schedule. This will include assigning qualified, dedicated staff to work on the Error. Upon detecting or being notified of a Class 1 Error or Class 2 Error, DMS shall assemble the appropriate personnel to analyze the problem, identify potential solutions and determine the best plan of action (which may include providing a temporary work-around until a permanent correction can be provided). Intersections shall be permitted to participate in this process. A DMS representative shall keep Intersections continuously informed of the status. If DMS provides Intersections with a workaround for a Class 1 Error, such Error will be re-classified as a Class 2 Error.
Sample 1Sample 2
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Class 1 Errors and Class 2 Errors. For any Class 1 Error or Class 2 Error, CaseWorthy shall take all necessary steps to supply a correction to Customer as soon as possible. This will include assigning qualified, dedicated staff to work on the Error until the Error has been resolved. Upon detecting or being notified of a Class 1 Error or Class 2 Error, CaseWorthy shall assemble the appropriate personnel to analyze the problem, identify potential solutions, and determine the best plan of action, which may include providing a temporary work- around acceptable to Customer until a permanent correction can be provided. Customer shall be permitted to participate in this process. CaseWorthy personnel shall be dedicated to resolving the Error until an acceptable correction is supplied. A CaseWorthy representative shall keep Customer informed of the status. If CaseWorthy provides Customer with a work-around acceptable to Customer for a Class 1 Error, such Error will be re-classified as a Class 2 Error.
Sample 1

Related to Class 1 Errors and Class 2 Errors

  • No Errors, etc The representations and warranties of the Company under this Agreement shall be deemed to have been made again on the Closing Date and shall then be true and correct in all material respects.

  • Trade Errors The Sub-Advisor will notify the Manager of any Trade Error(s), regardless of materiality, promptly upon the discovery such Trade Error(s) by the Sub-Advisor. Notwithstanding Section 5, the Sub-Advisor shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from Trade Errors due to negligence, misfeasance, or disregard of duties of the Sub Advisor or any of its directors, officers, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates. For purposes under this Section 6, “Trade Errors” are defined as errors due to (i) erroneous orders by the Sub-Advisor for the Series that result in the purchase or sale of securities that were not intended to be purchased or sold; (ii) erroneous orders by the Sub-Advisor that result in the purchase or sale of securities for the Series in an unintended amount or price; or (iii) purchases or sales of financial instruments which violate the investment limitations or restrictions disclosed in the Fund’s registration statement and/or imposed by applicable law or regulation (calculated at the Sub-Advisor’s portfolio level), unless otherwise agreed to in writing.

  • Amendments to Clarify and Correct Errors and Defects The parties may amend this Agreement to clarify an ambiguity, correct an error or correct or supplement any term of this Agreement that may be defective or inconsistent with the other terms of this Agreement, in each case, without the consent of the Noteholders, the Certificateholders or any other Person. The parties may amend any term or provision of this Agreement from time to time for the purpose of conforming the terms of this Agreement to the description thereof in the Prospectus, without the consent of Noteholders, the Certificateholders or any other Person.

  • Errors State Street shall assume no responsibility for failure to detect any erroneous payment order provided that State Street complies with the payment order instructions as received and State Street complies with the Security Procedure. The Security Procedure is established for the purpose of authenticating payment orders only and not for the detection of errors in payment orders.

  • Correction of Errors Contractor shall perform, at its own cost and expense and without reimbursement from the District, any work necessary to correct errors or omissions which are caused by the Contractor’s failure to comply with the standard of care required herein.

  • System Enhancements State Street will provide to the Fund any enhancements to the System developed by State Street and made a part of the System; provided that State Street offer the Fund reasonable training on the enhancement. Charges for system enhancements shall be as provided in the Fee Schedule. State Street retains the right to charge for related systems or products that may be developed and separately made available for use other than through the System.

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