Consequences of non fulfilment of conditions subsequent
Consequences of non fulfilment of conditions precedent to Clause 5 If the conditions precedent set out in Clause 3.2 have not been satisfied in full on or before the Longstop Date:
Consequences of non payment of premium You are required to pay the premium as agreed and in accordance with the payment terms reflected in your policy schedule. The consequences of non-payment of the Premium will be that cover will lapse (i.e. you will not be covered). You will be entitled to a grace period of 15(fifteen) days after the due date (except in the first month) in which to pay your premium. Kindly note that such provision for 15(fifteen) days grace will only apply with effect from the second month of the currency of the policy.
Consequences of non compliance If the beneficiary does not properly implement the action (or part of it), the corresponding costs will be ineligible (see Article 6) and will be rejected (see Article 42). If the beneficiary breaches any other obligation, the grant may be reduced (see Article 43). This may also lead to any of the other measures described in Chapter 6.
Consequences of non compliance If a KIC Partner breaches any of its obligations under this Article, the costs incurred by the third parties related to the in‐kind contribution will be ineligible (see Article 5) and will be rejected (see Article 48 FPA). Such breaches may also lead to any of the other measures described in Section 5 of Chapter 3 of the Framework Partnership Agreement (FPA).
Consequences of non compliance 39 Directive 2014/24/EU of the European Parliament and of the Council of 26 February 2014 on public procurement and repealing Directive 2004/18/EC (OJ L 94, 28.03.2014, p. 65). 40 Directive 2004/17/EC of the European Parliament and of the Council of 31 March 2004 coordinating the procurement procedures of entities operating in the water, energy, transport and postal services sectors (OJ L 134, 30.04.2004, p. 1) 41 Directive 2014/25/EU of the European Parliament and of the Council of 26 February 2014 on procurement by entities operating in the water, energy, transport and postal services sectors and repealing Directive 2004/17/EC (OJ L 94, 28.03.2014, p. 243). If a partner breaches any of its obligations under this Article, the costs related to the payment of the in-kind contribution will be ineligible (see Article 5) and will be rejected (see Article 48 FPA). Such breaches may also lead to any of the other measures described in Section 5 of Chapter 3 of the Framework Partnership Agreement.
Consequences of non compliance — Suspension of the payment deadline — Termination If the final report submitted does not comply with this Article, the EIT may suspend the payment deadline (see Article 53 FPA) and apply any of the other measures described in Section 5 of the Framework Partnership Agreement. If the KIC LE breaches its obligation to submit the final report and if it fails to comply with this obligation within 30 days following a written reminder sent by the EIT, the Specific Agreement may be terminated (see Article 56 FPA).
Consequences of non compliance If the beneficiary breaches any of its obligations under this Article, the grant may be reduced (see Article 43) and the Agreement may be terminated (see Article 50). Such breaches may also lead to any of the other measures described in Chapter 6.
Consequences of non payment of premium
Consequences of non. Performance of Minimum Exploration Work Requirements Without affecting the operation of paragraph 4.7(g), if the Contractor does not fulfil the Minimum Exploration Work Requirements for any Period, the Contractor shall submit a report to the Ministry detailing its reasons and the Ministry may, in its sole discretion:
