Errors and Oversights. Each party to this Agreement will act reasonably in all matters within the terms of this Agreement. Clerical errors and oversights occasioned in good faith in carrying out this Agreement will not prejudice either party, and will be rectified promptly on an equitable basis.
Appears in 7 contracts
Samples: Purchase Agreement (Intramerica Variable Annuity Account), Reinsurance Agreement (Allstate Life Insurance Co), Coinsurance Agreement (United of Omaha Separate Account C)
Errors and Oversights. Each party to this Agreement will act reasonably in all matters within the terms of this Agreement. Clerical errors and oversights occasioned in good faith in carrying out If either of the parties to this Agreement fails to comply with any of the provisions of this Agreement because of an unintentional oversight or misunderstanding, the underlying status of this Agreement will not prejudice either partybe changed. Both parties will be restored to the position they would have occupied had no such oversight or misunderstanding occurred, and such oversight or misunderstanding will be rectified promptly on an equitable basis.
Appears in 3 contracts
Samples: Accident and Health Coinsurance Agreement (Hanover Insurance Group, Inc.), Coinsurance Agreement (Separate Acct Va K of First Allmerica Financial Life Ins Co), Core Coinsurance Agreement (Vel Ii Acct of State Mutual Life Assur Co of America)
Errors and Oversights. Each party to this Agreement will act reasonably in as to all matters within the terms of this Agreementhereof. Clerical errors Errors and oversights occasioned in good faith in carrying out this Agreement will not prejudice either party, and will be rectified promptly on an equitable basis.
Appears in 1 contract
Samples: Underwriting Agreement (Allstate Life Insurance Co of New York)
