Errors and Omissions definition

Errors and Omissions. Should any items be inadvertently omitted from or entered in error on a reinsurance report, such omissions or errors will not affect the liability of the Reinsurer in regard to any Reinsured Policy. The mistakes will be rectified upon discovery. This does not waive any rights outlined in Article 10.

Errors and Omissions. Any inadvertent delay, omission, or error shall not be held to relieve either party hereto from any liability which would attach to it hereunder if such delay, omission or error had not been made, providing such omission or error is rectified upon discovery.

Errors and Omissions means design deficiencies in the plans, specification or other documents prepared by the Consultant, which must be corrected in order for the project to function or be built as intended.

Examples of Errors and Omissions in a sentence

• Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby.

• The Contractor shall provide Professional Liability Insurance (Errors and Omissions) to cover liability resulting from any error or omission in the performance of professional services under this Contract.

• Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Company against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby.

• The Company shall maintain the Fidelity Bond and Errors and Omissions Insurance Policy as provided for in Section 4.12 insuring the Company against any loss it may sustain with respect to any Mortgage Loan not satisfied in accordance with the procedures set forth herein.

• No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Company from its duties and obligations as set forth in this Agreement.

More Definitions of Errors and Omissions

Errors and Omissions means a Wrongful Act by Covered Individuals individually or collectively in the discharge of their duties for the Member, or any matter claimed against them solely by reason of their being or having been public officials.

Errors and Omissions means any actual or alleged misstatement or misleading statement or act or omission or neglect or breach of duty or lack of ordinary skill in the performance of a professional act including misfeasance, malfeasance or nonfeasance by covered individuals individually or collectively in the discharge of their duties for the Member, or any matter claimed against them solely by reason of their being or having been public officials.

Errors and Omissions means a mistake, oversight, miscalculation or clerical error, which occurs as an unintentional exception to the standard practice or procedure of the insured.

Errors and Omissions means any misstatement or misleading statement or act or omission or neglect or breach of duty including misfeasance and nonfeasance by a covered party in its capacity as such. Errors and omissions includes employment-related practices and personal injury. Errors and omissions does not include any claim brought by the covered entity.

Errors and Omissions means any error, omission, or negligent act of the Insured which results in the work performed by the Insured failing to meet the “written specifications” provided by the party for whom work was performed, after such work has been installed, tested and accepted by that party. Work performed by a subcontractor on behalf of the Insured is included in this definition.

Errors and Omissions means design deficiencies in the plans, specification or other documents prepa red by the Consultant, which must be corrected in order for the project to function or be built as intended.

Errors and Omissions. Should any items be inadvertently omitted from or entered in error on a reinsurance report, such omissions or errors shall not affect the liability of the Reinsurer in regard to any submission and the mistakes shall be rectified upon discovery. This does not waive any rights outlined in Article X.