Beneficiary termination Sample Clauses
The Beneficiary Termination clause grants the beneficiary the right to end an agreement under specified circumstances. Typically, this clause outlines the conditions under which the beneficiary can exercise this right, such as a breach of contract, failure to meet obligations, or other triggering events. Its core function is to provide the beneficiary with a clear and enforceable mechanism to exit the contract if certain criteria are not met, thereby protecting their interests and ensuring accountability from the other party.
Beneficiary termination. [OPTION 1 for Operating Grants FPAs: Not applicable] The coordinator must then also submit a request for amendment (see Article 10) to adapt Annex 1 and, if necessary, addition of one or more new beneficiaries (see Article 11). If the request for amendment is rejected by the granting authority, the framework partnership agreement may be terminated. Termination of the participation does not release the beneficiary concerned from its obligations under the ongoing grant agreements under the framework partnership. It cannot however participate in new grants signed after the date on which the termination takes effect.] CHAPTER 5 FINAL PROVISIONS
Beneficiary termination. The parties may terminate the participation of one or more beneficiaries in the framework partnership on the same grounds and according to the same procedures as those set out in the grant agreements. The coordinator must then also submit a request for amendment (see Article 10) to adapt Annex 1 and, if necessary, addition of one or more new beneficiaries (see Article 11). If the request for amendment is rejected by the granting authority, the framework partnership agreement may be terminated. Termination of the participation does not release the beneficiary concerned from its obligations under the ongoing grant agreements under the framework partnership. It cannot however participate in new grants signed after the date on which the termination takes effect. CHAPTER 5 — FINAL PROVISIONS ARTICLE 9 — COMMUNICATION BETWEEN THE PARTIES Communications must be made following the same rules and procedures as those set out in the grant agreements.
Beneficiary termination. [OPTION 1 for mono-beneficiary FPA: Not applicable]
Beneficiary termination. The participation of the following beneficiaries is terminated as from: - COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH ORGANISATION (CSIRO): - end of work date (‘exit date’): 23 March 2023 - termination date: 23 March 2023 or the date of entry into force of this Amendment (whichever is the latest) - FUNDACIO DE RECERCA CLINIC BARCELONA-INSTITUT D INVESTIGACIONS BIOMEDIQUES ▇▇▇▇▇▇ ▇▇ ▇ ▇▇▇▇▇▇ (FCRB): - end of work date (‘exit date’): 25 July 2022 - termination date: 25 July 2022 or the date of entry into force of this Amendment (whichever is the latest) - MEDITERRANEE INFECTION (IHU): - end of work date (‘exit date’): 1 February 2022 - termination date: 1 February 2022 or the date of entry into force of this Amendment (whichever is the latest) - IMPERIAL COLLEGE OF SCIENCE TECHNOLOGY AND MEDICINE (Imperial): - end of work date (‘exit date’): 24 April 2023 - termination date: 24 April 2023 or the date of entry into force of this Amendment (whichever is the latest) This implies the following changes to the Agreement: • The beneficiaries are deleted from the Preamble.
Beneficiary termination. The beneficiaries may request the termination of the grant. The coordinator in case of a Innovation lump sum, or the beneficiary must submit a request for amendment, with: • the reasons why • the date the consortium ends work on the action (‘end of work date’) and • the date the termination takes effect (‘termination date’); this date must be after the date of the submission of the amendment request. The termination will take effect on the termination date specified in the amendment. If no reasons are given or if the granting authority considers the reasons do not justify termination, it may consider the grant terminated improperly. The beneficiary must — within 60 days from when termination takes effect — submit:
i. a report on the distribution of payments to the beneficiary concerned ii. a termination report from the beneficiary concerned, for the open reporting period until termination, containing an overview of the progress of the work, the financial statement, the explanation on the use of resources, and, if applicable, the certificate on the financial statement
Beneficiary termination. The beneficiaries may request the termination of the grant. The coordinator in case of a Innovation lump sum, or the beneficiary must submit a request for amendment, with: • the reasons why • the date the consortium ends work on the action (‘end of work date’) and • the date the termination takes effect (‘termination date’); this date must be after the date of the submission of the amendment request. The termination will take effect on the termination date specified in the amendment. If no reasons are given or if the granting authority considers the reasons do not justify termination, it may consider the grant terminated improperly. The beneficiary must — within 60 days from when termination takes effect — submit:
Beneficiary termination. The participation of the following beneficiary is terminated as from: - UNIVERSITAT ZURICH (UZH): - end of work date (‘exit date’): 1 February 2022 - termination date: 1 February 2022 or the date of entry into force of this Amendment (whichever is the latest) This implies the following changes to the Agreement: • The beneficiary is deleted from the Preamble. - 144. UNIVERSITAT ZURICH (UZH), PIC 999976396, established in RAMISTRASSE and the exit date is added to the list of participants in the Data Sheet. In accordance with Article 32 of the Agreement, the beneficiary’s obligations continue to apply after termination. If the termination leads to an amendment of the estimated budget (Annex 2), the maximum amount for joint and several liability of the terminated beneficiary is that of the estimated budget before this Amendment.