Error or omission definition

Error or omission means any actual or alleged error or misstatement or omission or neglect or breach of duty including misfeasance, malfeasance or nonfeasance by an "employee" in any capacity arising out of the "scope of duties."
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Error or omission means the failure to execute the required actions, or mistaken actions committed by a MEMBER and the liability arising out of a WRONGFUL ACT by a MEMBER due to the negligent action or inaction, mistake, misstatement, error, neglect, inadvertence, or omission by a MEMBER in the discharge of duties on behalf of a NAMED MEMBER.
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Error or omission means any negligent act, error or omission while performing those services de- scribed in the Schedule of this Coverage Part under the Description of Services.
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Examples of Error or omission in a sentence

  • However, in no case shall an Error or omission create reinsurance coverage that would not have existed in the absence of the Error or omission.

  • Error or omission of mailing address Any error in or omission of mailing address of grantee or mortgagee in the deed, mortgage or other conveyance, required by any provision of this Title, shall not affect in any way the validity, effectiveness or recordability of such deed, mortgage or other conveyance of real estate.

  • Error or omission in design, plan or specification, or failure of design plan or specification.

  • In performing its duties under this Section 6, Custodian shall not be deemed to have supervised, recommended or advised the trust or any Fund relative to the investment, purchase, sale, retention or disposition of any assets in any particular country, including with respect to Country Risk as is incurred by placing and maintaining Foreign Assets in each country in which each such Eligible Securities Depository operates.

  • Groundwater monitoring wells are already in place, the ICs are currently being developed, and there are no impediments to cap inspection.

  • The success rates of at least the best-performing object-methods have to be equal, because otherwise the meta-inductivist would in the long run simply switch to that method with the highest success rate (if there is one best method in the setting, then Prmi converges to the meta-method imitate the best—cf.

  • Error or omission in Project Information identified Resolved, but after more than two days of the auction have passed Resolved within the first two days of the auction Auction terminated Auction closes after a further 10 days No change to date auction closes The generator may also identify an error or omission itself.

  • The equations (2.17) and (2.18) show that the decay of the parallel and perpendicular components depends only upon τrot.

  • Indemnify, Defend, Hold Harmless Error or omission occursNotice of claim by third partyFinal judgment or settlement of claim Indemnify Defend * Hold Harmless*A number of courts, including MA courts, have held that “indemnify and hold harmless” does not trigger a defend obligation; defend must be specifically listed.

  • Columbus may contain technical and typographic errors and other Errors and you acknowledge that neither Experian nor its third party suppliers or agents shall be liable for any liability for Errors or omissions with respect to Columbus, regardless of the cause or the source of such Error or omission.


More Definitions of Error or omission

Error or omission means any act or failure to act by a Protected Person while acting within the course, scope and authority of his/her employment, office, or position with the Port Authority, that results in or constitutes an erroneous or improper discharge of such Protected Person’s duties to the Port Authority (including the making of an incorrect statement), but that does not constitute legally actionable fraud or an intentional or knowing breach of duty.
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Error or omission means any actual or alleged error or misstatement or act of omission or neglect or breach of duty including misfeasance and nonfeasance by the insured in the discharge of their duties with the public entity.
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Error or omission means any negligent act, error or omission while performing those services described in the Supplemental Declarations of this Coverage Part under the Description of Services.
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Error or omission means the failure to execute the required actions or mistaken actions committed by a COVERED PARTY and the liability arising out of a WRONGFUL ACT by a COVERED PARTY due to the negligent action or inaction, mistake, misstatement, error, neglect, inadvertence, or omission by a COVERED PARTY in the discharge of duties on behalf of a NAMED MEMBER.
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Related to Error or omission

  • Omission is the failure to submit part or all of the information or documentation required in the tendering document.

  • Breach of Contract means the failure of a Party to perform any of its obligations in accordance with this Contract, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Contractor, or the appointment of a receiver or similar officer for Contractor or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Contractor is debarred or suspended under §24-109-105, C.R.S. at any time during the term of this Contract, then such debarment or suspension shall constitute a breach.

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • Consequential Loss means indirect or consequential loss or damage such as, but not limited to, loss of contract, bargain, expectation, opportunity, profit, production, revenue, anticipated cost reduction or interest payable howsoever caused, arising out of or in connection with this Contract.

  • Gross Negligence means any act or failure to act (whether sole, joint or concurrent) by a person or entity which was intended to cause, or which was in reckless disregard of or wanton indifference to, avoidable and harmful consequences such person or entity knew, or should have known, would result from such act or failure to act. Notwithstanding the foregoing, Gross negligence shall not include any action taken in good faith for the safeguard of life or property.

  • Fraud means any offence under laws creating offences in respect of fraudulent acts or at common law in respect of fraudulent acts in relation to the Contract or defrauding or attempting to defraud or conspiring to defraud the Crown.

  • Willful Misconduct means any act or failure to act with an intentional disregard of any provision of this Agreement, which a party knew or should have known if it was acting as a reasonable person, which would result in injury, damage to life, personal safety, real property, harmful consequences to the other party, but shall not include any error of judgment or mistake made in good faith.

  • Agent Indemnitees means each Agent and its officers, directors, employees, Affiliates, agents and attorneys.

  • Misconduct means the commission of any act of fraud, embezzlement or dishonesty by the Optionee or Participant, any unauthorized use or disclosure by such person of confidential information or trade secrets of the Corporation (or any Parent or Subsidiary), or any other intentional misconduct by such person adversely affecting the business or affairs of the Corporation (or any Parent or Subsidiary) in a material manner. The foregoing definition shall not in any way preclude or restrict the right of the Corporation (or any Parent or Subsidiary) to discharge or dismiss any Optionee, Participant or other person in the Service of the Corporation (or any Parent or Subsidiary) for any other acts or omissions, but such other acts or omissions shall not be deemed, for purposes of the Plan, to constitute grounds for termination for Misconduct.

  • Wilful Misconduct means intentional disregard of good and prudent standards of performance or proper conduct under the Contract with knowledge that it is likely to result in any injury to any person or persons or loss or damage of property.