Conflict of Interests. 35.1 Obligation to avoid a conflict of interests The beneficiary must take all measures to prevent any situation where the impartial and objective implementation of the action is compromised for reasons involving economic interest, political or national affinity, family or emotional ties or any other shared interest (‘conflict of interests’). It must formally notify to the Agency without delay any situation constituting or likely to lead to a conflict of interests and immediately take all the necessary steps to rectify this situation. The Agency may verify that the measures taken are appropriate and may require additional measures to be taken by a specified deadline.
Appears in 8 contracts
Samples: Beneficiary Model Grant Agreement, Beneficiary Model Grant Agreement, Beneficiary Model Grant Agreement
Conflict of Interests. 35.1 Obligation to avoid a conflict of interests The beneficiary beneficiaries must take all measures to prevent any situation where the impartial and objective implementation of the action is compromised for reasons involving economic interest, political or national affinity, family or emotional ties or any other shared interest (‘conflict of interests’). It They must formally notify to the Agency without delay any situation constituting or likely to lead to a conflict of interests and immediately take all the necessary steps to rectify this situation. The Agency may verify that the measures taken are appropriate and may require additional measures to be taken by a specified deadline.
Appears in 6 contracts
Samples: Multi Beneficiary Model Grant Agreement, Multi Beneficiary Model Grant Agreement, Multi Beneficiary Model Grant Agreement
Conflict of Interests. 35.1 Obligation to avoid a conflict of interests The beneficiary beneficiaries must take all measures to prevent any situation where the impartial and objective implementation of the action is compromised for reasons involving economic interest, political or national affinity, family or emotional ties or any other shared interest (‘conflict of interests’). It They must formally notify to the Agency Commission without delay any situation constituting or likely to lead to a conflict of interests and immediately take all the necessary steps to rectify this situation. The Agency Commission may verify that the measures taken are appropriate and may require additional measures to be taken by a specified deadline.
Appears in 3 contracts
Samples: Third Party Agreement, Third Party Agreement, Third Party Agreement
