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 described in the Supplemental Declarations 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.

  • Error or omission of mailing addressAny 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.

  • No Error or omission in giving notice of any annual or general meeting or any adjourned meeting, whether annual or general, of the Members shall invalidate such meeting to make void any proceedings taken thereat and any Members may at any time waive notice of any such meeting and may ratify, approve and confirm any or all proceedings taken or had thereat.

  • Any change arising from the following, but not limited to, shall not create any variation order. Compliance with safety or Operability requirements. Error or omission on the part of the Vendor Any change arisen from the failure in verification by the Vendor.

  • 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.

  • Error or omission or other defect in the project staff any conflict in no contract.

  • 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 claims must be made in writing within 24 hours of receipt of goods.


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 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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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 de- scribed in the Schedule of this Coverage Part under the Description of Services.
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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.

  • Negligence means the failure to exercise "Reasonable Care".

  • 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.

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Breach of system security means unauthorized acquisition of computerized data that compromises the security, confidentiality, or integrity of sensitive personal information maintained by a person, including data that is encrypted if the person accessing the data has the key required to decrypt the data. Good faith acquisition of sensitive personal information by an employee or agent of the person for the purposes of the person is not a breach of system security unless the person uses or discloses the sensitive personal information in an unauthorized manner. Business and Commerce Code 521.053(a)

  • 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.

  • Exculpated Party means, collectively, and in each case in its capacity as such: (a) the Debtors;

  • 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.

  • The Contractor or Contractors means the firm, company or person engaged by the SBIIMS to carry out the work. It shall also include their legal representative(s), successors or assigns.

  • 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.

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Errors shall have the meaning specified in Section 8.2(c) of the Sale and Servicing Agreement.

  • Agent Indemnitee as defined in Section 9.7.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Related Persons means, with respect to any Person, each Affiliate of such Person and each director, officer, employee, agent, trustee, representative, attorney, accountant and each insurance, environmental, legal, financial and other advisor and other consultants and agents of or to such Person or any of its Affiliates.

  • Automobile Related Injury means bodily Injury sustained by a [Member] as a result of an accident:

  • Errors and Omissions Policy As defined in each of the Servicing Agreements.

  • Special Damages has the meaning set forth in Section 12.

  • 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 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.

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

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

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised;

  • 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.