Common use of Price Errors Clause in Contracts

Price Errors. (a) In the event adjustments are required to correct any error in the computation of the net asset value of Fund shares, Distributors shall notify Service Organization as soon as practicable after discovering the need for those adjustments which result in a reimbursement to an Account in accordance with such Fund's then current policies on reimbursement. Notification may be made via facsimile or via direct or indirect systems access. Any such notification shall be promptly followed by a letter written on Distributors' letterhead stating for each day for which an error occurred the incorrect price, the correct price, and, to the extent communicated to the Fund's shareholders, the reason for the price change.