Common use of Reversal of Entries Clause in Contracts

Reversal of Entries. We shall reverse any provisional or erroneous entries to the Allocated Account which we discover or of which we are notified with effect back-valued to the date upon which the final or correct entry (or no entry) should have been made. Additionally, if we credit or debit Bullion to or from the Allocated Account that is not of the txxx ounces we have represented to you or, in the case of a credit, otherwise does not meet the requirements for “Good Delivery” under the rules of the Relevant Association, recovery by you, to the extent such recovery is otherwise allowed, shall not be barred by your delay in asserting a claim because of the failure to discover the corresponding loss or damage regardless of whether such loss or damage could or should have been discovered.

Reversal of Entries. We shall reverse any provisional or erroneous entries to the Allocated Account which we discover or of which we are notified with effect back-valued to the date upon which the final or correct entry (or no entry) should have been made. Additionally, if we credit or debit Bullion to or from the Allocated Account that is not of the fine txxx ounces or txxx ounces (as the case may be) we have represented to you or, in the case of a credit, otherwise does not meet the requirements for “Good Delivery” under the rules of the Relevant Association, recovery by you, to the extent such recovery is otherwise allowed, shall not be barred by your delay in asserting a claim because of the failure to discover the corresponding loss or damage regardless of whether such loss or damage could or should have been discovered.

Reversal of Entries. We shall reverse any provisional or erroneous entries to the Allocated Account which we discover or of which we are notified with effect back-valued to the date upon which the final or correct entry (or no entry) should have been made. Additionally, if we credit or debit Bullion to or from the Allocated Account that is not of the fine txxx ounces we have represented to you or, in the case of a credit, otherwise does not meet the requirements for “Good Delivery” under the rules of the Relevant Association, recovery by you, to the extent such recovery is otherwise allowed, shall not be barred by your delay in asserting a claim because of the failure to discover the corresponding loss or damage regardless of whether such loss or damage could or should have been discovered.