Common use of Examination and Notification of Errors Clause in Contracts

Examination and Notification of Errors. Broker shall examine all confirmations, statements, and other reports in whatever medium provided to Broker by Pershing. Broker must notify Pershing of any error claimed by Broker in any account; as to purchase and sales transactions prior to settlement date and as to all other transactions within the time in which Pershing is able to, without violating applicable law, reverse the transaction. If Broker fails to do so, Broker shall be deemed to have waived its right to make any claim against Pershing with respect to such error.

Examination and Notification of Errors. Broker shall examine promptly all confirmations, statements, and other reports in whatever medium provided to Broker by Pershing. Broker must promptly notify Pershing of any error claimed by Broker in any account; as to purchase and sales transactions prior to settlement date and as to all other transactions within the time in which Pershing is able to, without violating applicable law, reverse the transaction. If Broker fails to do sonotify Pershing promptly of any error the existence of which was, or should reasonably have been, discoverable by review of confirmations, statements, and reports provided to Broker by Pershing, Broker shall be deemed to have waived its right to make any claim against Pershing with respect to such error.

Examination and Notification of Errors. Broker shall examine all confirmations, statements, and other reports in whatever medium provided to Broker by Pershing. Broker must notify Pershing of Pexxxxxx xf any error claimed by Broker in any account; as to purchase purxxxxx and sales transactions prior to settlement date and as to all other transactions within the time in which Pershing is able to, without violating applicable law, reverse the transaction. If Broker fails to do so, Broker shall be deemed to have waived its right to make any claim against Pershing with respect to such error.

Examination and Notification of Errors. Broker shall examine all -------------------------------------- confirmations, statements, and other reports in whatever medium provided to Broker by Pershing. Broker must notify Pershing promptly of any error claimed by Broker in any account; as to purchase and sales transactions prior to settlement date and as to all other transactions within the time in which Pershing is able to, without violating applicable law, reverse the transaction. .. If Broker fails to do so, Broker shall be deemed to have waived its right to make any claim against Pershing with respect to such error.

Examination and Notification of Errors. Broker shall examine all confirmations, statements, and other reports in whatever medium provided to Broker by Pershing. Broker must notify advise Pershing orally or in writing of any error claimed by Broker in any account; as to purchase and sales transactions prior to settlement date and as to all other transactions within the time in which Pershing is able to, without violating applicable law, reverse the transaction. If Broker fails to do so, Broker shall be deemed to have waived its right to make any claim against Pershing with respect to account reasonably promptly upon learning of such error. Pershing shall not be responsible for any amount in excess of the actual loss that would have occurred had Broker acted reasonably in the examinations and notification required under this paragraph.