Oversights - Clerical Errors. 1. Should either the Company or North American Re fail to comply with any of the terms of this Agreement, and if this is shown to be unintentional and the result of a misunderstanding, oversight or clerical error on the part of either the Company or North American Re, then this Agreement shall not be deemed abrogated thereby, but both companies shall be restored to the position they would have occupied had no such oversight, misunderstanding, or clerical error occurred. Such conditions are to be reported and corrected promptly after discovery.
Appears in 4 contracts
Samples: Automatic Reinsurance Agreement (Separate Account Va W), Automatic Reinsurance Agreement (Separate Account Va Q), Reinsurance Agreement (Separate Account Va-2l)
