Contractor's Undertakings. Each Contractor undertakes: i. to promptly notify any delay in performance or any event that may impact the Project to the appropriate body; ii. to inform the appropriate body of relevant communications it receives from third parties in relation to the Project; iii. to ensure the accuracy of any information it supplies to the other Contractors and to promptly correct any error therein of which it is notified, whereas the recipient Contractor shall be responsible for the use made of such information; iv. not to use knowingly any proprietary rights of a third party for which it has not acquired the corresponding right of use; v. to act at all times in good faith and in a manner that reflects the good name, goodwill and reputation of the other Contractors, Members and Other entities and in accordance with good business ethics; vi. to participate in a cooperative manner to the meetings of the different bodies under this Consortium Agreement; vii. to award subcontract to the bid offering best value for money and to comply with the requirements of the EC Contract , Annex II - General Conditions, article II 6. In addition, a Contractor shall obtain the prior approval of the Steering Committee concerned, for all subcontracts of an amount lower than 20 % of the contribution it is entitled to receive during the concerned financial period, and the prior approval of the Project Co-ordination Committee for all subcontracts of an amount equal to or higher than this percentage, except for the subcontracts already identified in Aannex I1 of the EC Contract.
Appears in 2 contracts
Samples: Consortium Agreement, Consortium Agreement
Contractor's Undertakings. Each Contractor undertakes:
i. to promptly notify any delay in performance or any event that may impact the Project to the appropriate body;
ii. to inform the appropriate body of relevant communications it receives from third parties in relation to the Project;
iii. to ensure the accuracy of any information it supplies to the other Contractors and to promptly correct any error therein of which it is notified, whereas the recipient Contractor shall be responsible for the use made of such information;
iv. not to use knowingly any proprietary rights of a third party for which it has not acquired the corresponding right of use;
v. to act at all times in good faith and in a manner that reflects the good name, goodwill and reputation of the other Contractors, Members and Other entities Contractors and in accordance with good business ethics;
vi. to participate in a cooperative manner to the meetings of the different bodies under this Consortium Agreement;
vii. to award subcontract to the bid offering best value for money and to comply with the requirements of the EC Contract , Annex II - General Conditions, article Conditions provision II 6. In addition, a Contractor the contractor shall obtain the prior approval of the Steering Committee subproject committee concerned, for all subcontracts of an amount lower than 20 % …….% of the contribution it is entitled to receive during the concerned financial period, and the prior approval of the Project Co-ordination Executive Committee for all subcontracts of an amount equal to or higher than this percentage, except for the subcontracts already identified in Aannex I1 annex 1 of the te EC Contract. .
Appears in 2 contracts
Samples: Consortium Agreement, Consortium Agreement
Contractor's Undertakings. Each Contractor undertakes:
i. to promptly notify any delay in performance or any event that may impact the Project to the appropriate body;
ii. to inform the appropriate body of relevant communications it receives from third parties in relation to the Project;
iii. to ensure the accuracy of any information it supplies to the other Contractors and to promptly correct any error therein of which it is notified, whereas the recipient Contractor shall be responsible for the use made of such information;
iv. not to use knowingly any proprietary rights of a third party for which it has not acquired the corresponding right of use;
v. to act at all times in good faith and in a manner that reflects the good name, goodwill and reputation of the other Contractors, Members and Other entities entitOther Entities and in accordance with good business ethics;
vi. to participate in a cooperative manner to the meetings of the different bodies under this Consortium Agreement;
vii. to award subcontract to the bid offering best value for money and to comply with the requirements of the EC Contract , Annex II - General Conditions, article II 6. In addition, a Contractor shall obtain the prior approval of the Steering Committee concerned, for all subcontracts of an amount lower than 20 % of the contribution it is entitled to receive during the concerned financial period, and the prior approval of the Project Co-ordination Committee for all subcontracts of an amount equal to or higher than this percentage, except for the subcontracts already identified in Aannex I1 of the EC Contract.
Appears in 1 contract
Samples: Consortium Agreement
Contractor's Undertakings. Each Contractor undertakes:
i. to promptly notify any delay in performance or any event that may impact the Project to the appropriate body;
ii. to inform the appropriate body of relevant communications it receives from third parties in relation to the Project;
iii. to ensure the accuracy of any information it supplies to the other Contractors and to promptly correct any error therein of which it is notified, whereas the recipient Contractor shall be responsible for the use made of such information;
iv. not to use knowingly any proprietary rights of a third party for which it has not acquired the corresponding right of use;
v. to act at all times in good faith and in a manner that reflects the good name, goodwill and reputation of the other Contractors, Members and Other entities and in accordance with good business ethics;
vi. to participate in a cooperative manner to the meetings of the different bodies under this Consortium Agreement;
vii. to award subcontract to the bid offering best value for money and to comply with the requirements of the EC Contract , Annex II - General Conditions, article Conditions provision II 6. In addition, a Contractor contractor shall obtain the prior approval of the Steering Committee concerned, for all subcontracts of an amount lower than 20 % of the contribution it is entitled to receive during the concerned financial period, and the prior approval of the Project Co-Co- ordination Committee for all subcontracts of an amount equal to or higher than this percentage, except for the subcontracts already identified in Aannex I1 annex 1 of the EC Contract.
Appears in 1 contract
Samples: Consortium Agreement