Common use of Action duration Clause in Contracts

Action duration. The duration of the action (‘action duration’) is fixed by the Commission/Agency in the GA. It is expressed as a number of months, running from the action starting date until the end date of the action. The action duration relates only to the period during which the action tasks (set out in Annex 1) are implemented. The end date of the action is therefore NOT the same as ‘project closure’ or the end of the GA. After the end date of the action, the beneficiaries still have to submit their final report and the Commission/Agency has to make the payment of the balance. Moreover, certain obligations under the GA continue even afterwards.

Appears in 5 contracts

Samples: Annotated Model Grant Agreement, Annotated Model Grant Agreement, Annotated Model Grant Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.