Substantial Errors definition

Substantial Errors means errors which the Parties agree to be substantial or which are determined to be substantial by an arbitrator, appointed in accordance with Clause 6.8 (Governing Law and Arbitration);
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Examples of Substantial Errors in a sentence

  • For the case referred to in Clause 5.4.2.1(iii), the suspended payments shall resume immediately where the presumed Substantial Errors, Irregularities, Fraud or breach of obligations are not confirmed following completion of the necessary checks.

  • For the case referred to in Clause 5.3.2.1(iii), the suspended payments shall resume immediately where the presumed Substantial Errors, Irregularities, Fraud or breach of obligations are not confirmed following completion of the necessary checks.

Related to Substantial Errors

  • Substantial damage means damage of any origin sustained by a structure whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred.

  • Substantial improvement means any combination of repairs, reconstruction, rehabilitation, addition, or other improvement of a structure, taking place during any one-year period for which the cost equals or exceeds 50 percent of the market value of the structure before the “start of construction” of the improvement. This term includes structures which have incurred “substantial damage”, regardless of the actual repair work performed. The term does not, however, include either:

  • Permanent Total Disablement means a bodily injury caused by accidental, external, violent and visible means, which as a direct consequence thereof totally disables and prevents the insured from attending to any business or occupation of any and every kind or if he/she has no business or occupation, from attending to his/her usual and normal duties that last for a continuous period of twelve calendar months from the date of the accident, with no hopes of improvement in future

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