NAV Errors. In the event adjustments are required to correct any error in the computation of the net asset value of Fund Shares (Price Error), MBSC will promptly notify Service Provider of the Price Error. MBSC may provide notice of a Price Error via facsimile or via direct or indirect system access and shall state the incorrect price, the correct price and, to the extent communicated to the Fund’s other shareholders, the reason for the price change. MBSC will also communicate to Service Provider the amount and nature of any changes to the Fund’s records with respect to an Account made in order to correct a Price Error. Service Provider shall make corresponding changes to its records with respect to the Account and underlying Participants. Service Provider also agrees to take such action as may otherwise be reasonably requested by MBSC to correct the effect of a Price Error with respect to Participants, including without limitation, making a good faith effort to collect any excess amount from Participants.
NAV Errors. Subject to Applicable Law and notwithstanding additional duties of X.X. Xxxxxx as furthermore described in Appendix A to this Schedule:
(a) X.X. Xxxxxx shall report all NAV Errors to the Customer promptly upon discovery.
(b) The Customer shall ensure that all errors in NAV calculations identified by it, or by the Investment Adviser, are reported to X.X. Xxxxxx as soon as reasonably practicable following discovery.
(c) X.X. Xxxxxx shall correct NAV Errors as and when required by Appendix A to this Schedule.
NAV Errors. If an error in pricing the NAV is equal to or greater than ½ of 1.0% of the NAV, GFS will reprocess the activity for those shareholders where the effect is $25.00 or more. If the error in pricing the NAV is less than ½ of 1.0% of the NAV and the Fund is in a net loss position because of a pricing error greater than $0.01 per share, the responsible party will reimburse the Fund for the amount of the net loss.
NAV Errors. If the Corporation’s NAV error correction policy (the “Policy”) requires that the NAV be recalculated, GFS will reprocess the activity for shareholders in accordance with the Policy and, provided GFS was not responsible for the error, the Corporation shall reimburse GFS for all reasonable reprocessing costs. In calculating any NAV difference for which GFS would otherwise be liable under this Agreement for a particular NAV error that continues for a period covering more than one NAV determination, Fund losses and gains for the period shall be netted.
NAV Errors. In the event of an error in the computation of a Fund’s net asset value per share (“NAV”) or any dividend or capital gain distribution (each, a “pricing error”), AIM or the Fund shall notify Prudential as soon as reasonably possible after discovery of the error. Such notification may be verbal, but shall be confirmed promptly in writing. A pricing error shall be corrected as follows:
(a) if the pricing error results in a difference between the erroneous NAV and the correct NAV of less than $0.01 per share, then no corrective action need be taken; (b) if the pricing error results in a difference between the erroneous NAV and the correct NAV equal to or greater than $0.01 per share, but less than 1/2 of 1% of the Fund’s NAV at the time of the error, then AIM shall reimburse the Fund for any loss, after taking into consideration any positive effect of such error; however, no adjustments to Policy owner accounts need be made; and (c) if the pricing error results in a difference between the erroneous NAV and the correct NAV equal to or greater than 1/2 of 1% of the Fund’s NAV at the time of the error, then AIM shall reimburse the Fund for any loss (without taking into consideration any positive effect of such error) and shall reimburse Prudential for the costs of adjustments made to correct Policy owner accounts. If an adjustment is necessary to correct a material error which has caused Policy owners to receive less than the amount to which they are entitled, the number of shares of the applicable sub-account of such Policy owners will be adjusted and the amount of any underpayments shall be credited by AIM to Prudential for crediting of such amounts to the applicable sub-accounts of such Policy owners. Upon notification by AIM of any overpayment due to a material error, Prudential shall promptly remit to AIM any overpayment that has not been paid to Policy owners. In no event shall Prudential be liable to Policy owners for any such adjustments or underpayment amounts. A pricing error within categories (b) or (c) above shall be deemed to be “materially incorrect” or constitute a “material error” for purposes of this Agreement. The standards set forth in this Section 2.6 are based on the parties’ understanding of the views expressed by the staff of the SEC as of the date of this Agreement. In the event the views of the SEC staff are later modified or superseded by SEC or judicial interpretation, the parties shall amend the foregoing provisions of this Agreement ...
NAV Errors. Subject to Applicable Law and notwithstanding additional duties of X.X. Xxxxxx as furthermore described in Appendix A to this Schedule:
(a) X.X. Xxxxxx shall report all NAV Errors to the Customer promptly upon discovery.
(b) The Customer shall ensure that all errors in NAV calculations identified by it are reported to X.X. Xxxxxx as soon as reasonably practicable following discovery.
(c) X.X. Xxxxxx shall correct NAV Errors as and when required by Appendix A to this Schedule. X.X. Xxxxxx’x responsibilities with respect to the correction of an error in calculating the net asset value of any Fund shall be subject to Appendix A to this Schedule.
NAV Errors. If an error in pricing the NAV is equal to or greater than 1/2 of 1.0% of the NAV and the effect on any shareholder is greater than $25.00, OFS will reprocess the activity for shareholders who are impacted by $25.00 or more and the responsible party will reimburse the Fund for the amount of the net loss and shall reimburse OFS for all reasonable reprocessing costs. If the error in pricing the NAV is less than 1/2of 1.0% of the NAV and the Fund is in a net loss position because of a pricing error greater than $0.01 per share, the responsible party will reimburse the Fund for the amount of the net loss.
NAV Errors. ◦ For any NAV error not excused by a Performance Standard Exception, a credit equal to [ ] per day for the duration of the NAV error shall apply, subject to a maximum credit of [ ] for any individual NAV error. For purposes of clarification, this credit shall apply even if Sub-Administrator has met the Performance Standard for the applicable quarter. Sub-Administrator will include any credit owed to GXMC pursuant to this paragraph on an invoice issued to GXMC following the applicable NAV error. [ ]
NAV Errors. The AP is advised that, pursuant to the JPM ETF’s Valuation Procedures, if an error occurs in calculating a Fund’s net asset value after an AP receives a Order confirmation but prior to the settlement date and the error results in a difference between the originally computed net asset value and the corrected net asset value that equals or exceeds $0.01 per share, the Custodian will reprocess the Order and notify the AP. If there is a loss to the Fund as a result of the error in calculating the net asset value for a Purchase Order, the AP will be required to pay the additional value in cash on or prior to the settlement date. If there is a Fund benefit, the amount of the benefit will be returned to the AP on the settlement date. If there is an error for a Redemption Order, the amount the AP will receive will be adjusted prior to settlement. “AP” refers to Authorized Participant. “JPMorgan Chase Bank, N.A.” or “JPMCB” refers to the Funds’ custodian and transfer agent.
NAV Errors. If an error in pricing the NAV is equal to or greater than ½ of 1.0% of the NAV, UFS will reprocess the activity for those shareholders where the effect is $25.00 or more. If the error in pricing the NAV is less than ½ of 1.0% of the NAV and the Fund is in a net loss position because of a pricing error greater than $0.01 per share, the responsible party will reimburse the Fund for the amount of the net loss.
