Material discrepancy Clause Samples

A Material Discrepancy clause defines what constitutes a significant inconsistency or error in documents, data, or representations exchanged between parties. In practice, this clause typically outlines the threshold or criteria for determining when a discrepancy is considered "material," such as differences that could affect the outcome of a transaction or the parties' obligations. Its core function is to ensure that only substantial issues trigger remedies or actions, thereby preventing minor or inconsequential errors from disrupting the agreement or leading to disputes.
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Material discrepancy. For purposes of this Section 5, “
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Material discrepancy. If any such check or inspection carried out by the CVL IM in accordance with Clauses 6.5.4 and
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Material discrepancy. If any such check or inspection carried out by Nexus in accordance with Clauses 6.5.4 and 6.5.5 reveals a material discrepancy in information previously supplied to Nexus by the Train Operator: (a) the Train Operator shall pay the reasonable costs incurred by Nexus in carrying out the checks and inspections in accordance with Clauses 6.5.4 and 6.5.5; and (b) Nexus shall: (i) make the appropriate and consequent adjustments to the Track Charges; and
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Material discrepancy. If any such check or inspection carried out by the CVL IM in accordance with Clauses 6.4.4 and 6.4.5 reveals a material discrepancy in information previously supplied to the CVL IM by the Train Operator: (a) the Train Operator shall pay the reasonable costs incurred by the CVL IM in carrying out the checks and inspections in accordance with Clauses 6.4.4 and 6.4.5; and (b) the CVL IM shall: (i) make the appropriate and consequent adjustments to the Track Charges; and (ii) provide to the Train Operator evidence of such costs as the Train Operator may reasonably request.
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Related to Material discrepancy

  • Discrepancies The Contractor shall resolve all order and invoice discrepancies (e.g., shortages, breakages, etc.) within five (5) business days from notification.

  • MATERIAL SAFETY DATA SHEETS As applicable, Contractor shall provide Purchaser with all appropriate current Material Safety Data Sheets (“MSDS”) at the time of delivery of each shipment of Goods which requires such compliance and/or and for materials used by Contractor while performing Services pursuant to this Contract.

  • Material Safety Data Sheet The contractor shall provide Material Safety Data Sheets (MSDS) with the information required by the Act and the regulations for each hazardous substance or hazardous mixture. The Commonwealth must be provided an appropriate MSDS with the initial shipment and with the first shipment after an MSDS is updated or product changed. For any other chemical, the contractor shall provide an appropriate MSDS, if the manufacturer, importer, or supplier produces or possesses the MSDS. The contractor shall also notify the Commonwealth when a substance or mixture is subject to the provisions of the Act. Material Safety Data Sheets may be attached to the carton, container, or package mailed to the Commonwealth at the time of shipment.

  • 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.

  • BILLING ERRORS In case of errors or questions about electronic fund transfers from your share and share draft accounts or if you need more information about a transfer on the statement or receipt, telephone us at the following number or send us a written notice to the following address as soon as you can. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem appears. Call us at: