Common use of CONSEQUENCES OF NON-ACHIEVEMENT OF MILESTONES, Clause in Contracts

CONSEQUENCES OF NON-ACHIEVEMENT OF MILESTONES,. 11.1 In case a Milestone is not – or becomes seriously likely not to be – achieved in whole or in part (“Milestone Non-Achievement”) by one or several Project Participants, the Project Participant(s) concerned shall immediately inform the Project Coordinator (as defined in section 13.2 below) and KIC LE, with copy to the other Project Participants, thereof detailing, inter alia, the Milestone(s) affected, the reasons, the consequences and the measures proposed to make up for the Milestone Non-Achievement.

CONSEQUENCES OF NON-ACHIEVEMENT OF MILESTONES,. 11.1 In case a Milestone is not – or becomes seriously likely not to be – achieved in whole or in part (“Milestone Non-Achievement”) by one or several Project ParticipantsPartners, the Project Participant(sPartner(s) concerned shall immediately inform the Project Coordinator (as defined de- fined in section 13.2 below) and KIC LE, with copy to the other Project ParticipantsPartners, thereof detailing, inter alia, the Milestone(s) affected, the reasons, the consequences and the measures proposed to make up for the Milestone Non-Achievement.