Error in Allocation Clause Samples
The 'Error in Allocation' clause addresses situations where mistakes are made in the distribution or assignment of resources, funds, or responsibilities under an agreement. Typically, this clause outlines the procedures for identifying, correcting, and notifying parties about such errors, and may specify timeframes for making adjustments or returning misallocated assets. Its core practical function is to ensure that any allocation mistakes are promptly rectified, thereby maintaining fairness and accuracy in the execution of the contract and preventing disputes arising from unintentional misallocations.
Error in Allocation. If any Awards are provided under this Plan in error or by mistake to a person (Mistaken Recipient) who is not the intended recipient, the Mistaken Recipient shall have no right or interest, and shall be taken never to have had any right or interest, in those Awards and those Awards will immediately lapse.
Error in Allocation. If there is a breach, error or changed circumstances resulting in some production from the CBRE Facility being assigned in excess of a Subscriber's allowable Subscriber Allocation under the CBRE Tariff, then the Company may treat this excess as Unsubscribed Energy and not provide a Bill Credit to any Subscriber for any such excess production. Payment to the Subscriber Organization for such Unsubscribed Energy shall only occur if no corresponding Bill Credit is made to a Subscriber, or if already allocated, if such allocation is corrected and withdrawn from such Subscriber, the intent of the parties herein is to ensure that no production from the CBRE Facility is double-counted to any Subscriber and/or Subscriber Organization.
Error in Allocation. If there is a breach, error or changed circumstances resulting in some production from the CBRE Project being assigned in excess of a Subscriber's allowable Subscriber Allocation under the CBRE Tariff, then the Company may treat this excess as Unsubscribed Energy and not provide a Bill Credit to any Subscriber for any such excess production.