Common use of Oversights Clause in Contracts

Oversights. If there is an unintentional oversight or clerical error in the administration of this Agreement by either the CEDING COMPANY or BMA, it can be corrected provided the correction takes place promptly after the time the oversight or clerical error is first discovered. In that event, the CEDING COMPANY and BMA will be restored to the position they would have occupied had such oversight or clerical error not occurred.

Oversights. If there is an unintentional oversight or clerical error in the administration of this Agreement by either the CEDING COMPANY or BMACOMPANY B, it can be corrected provided the correction takes place promptly after the time the oversight or clerical error is first discovered. In that event, the CEDING COMPANY and BMA COMPANY B will be restored to the position they would have occupied had such oversight or clerical error not occurred.