Common use of CONTRACTUAL SANCTIONS Clause in Contracts

CONTRACTUAL SANCTIONS. 8.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), if: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund any of the reports according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, or d) the Grantee breaches any of its obligation arising from Article 7 hereof. 8.2 The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Fund’s right to request a damage compensation for any damages caused to the Fund. 8.3 The Fund shall be entitled to withdraw from the Contract, in case: a) any kind of false/incorrect data/information is provided by the Grantee, or b) any of the contractual requirements are not met by the Grantee or breached by the Grantee and the Grantee shall not remedy such deficiency or breach within an additional reasonable period provided by the Fund in the written call for the remedy, or c) deficiencies are determined that could in a significant way affect the result or approved schedule during the implementation of the Project, mainly, but not limited to, the Outputs of the Project do not meet the requirement under this Contract and its attachments, or d) the good reputation of the Fund is damaged by the Grantee, or e) the Fund learns about a misuse of any funds granted to the Grantee by the Fund or the funds provided by the Fund are used, intentionally or negligently, to any other purpose that specified in the Project. 8.4 The notice of withdrawal shall be delivered in writing in person or by registered mail to the address of the relevant Contracting Party stated in this Contract. The notice of withdrawal shall be considered received on the date of its delivery. If the delivery of the withdrawal notice is rejected by the relevant Contracting Party, the rejection date shall represent the date of delivery. In the case of postal deliveries the withdrawal notice shall be considered received on the third day of its postal deposit, irrespective the addressee’s knowledge of such deposit. 8.5 If the Contract is terminated upon the withdrawal of the Fund therefrom, the Grantee shall automatically be obliged to return to the Fund the amount of the paid Grant within 15 working days. 8.6 In case the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, the Grantee shall be obliged to return the amount of the paid Grant to the Fund within 15 working days at the call of the Fund. 8.7 When the Fund determines deficiencies that could in a significant way affect the result or approved schedule during the implementation of the Project, the Fund reserves the right to suspend the payment of Grant or any part of it for a definite period. 8.8 If the Fund anytime (i.e., also after implementation of the Project) learns about a misuse of any funds granted to the Grantee by the Fund, the Grantee shall be obliged to return the full granted amount to the Fund within 15 working days of the call of the Fund.

CONTRACTUAL SANCTIONS. 8.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20of20% of the ofthe amount of the Grant (the "Contractual Penalty"), if: a) any data provided by the Grantee turns tums out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund any of the ofthe reports according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part of it ofit is used in conflict conf1ict with the terms stipulated in this Contract, or d) the Grantee breaches any of its obligation ofits obligations arising from Article 7 hereof. 8.2 The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Fund’s Funďs right to request a damage compensation for any damages caused to the Fund. 8.3 The Fund shall be entitled to withdraw from the Contract, in case: a) any kind of falseoffalse/incorrect data/information is provided by the Grantee, or b) any of the ofthe contractual requirements are not met by the Grantee or breached by the Grantee and the Grantee shall not remedy such deficiency or breach within an additional reasonable period provided by the Fund in the the. written call for the remedy, or c) deficiencies are determined that could in a significant way affect the result or approved appróved schedule during the implementation of the ofthe Project, mainly, but not limited to, the Project Outputs of not meeting the Project do not meet the requirement requirements under this Contract and its attachments, or d) the good reputation of the ofthe Fund is damaged by the Grantee, or e) the Fund learns about a misuse of any ofany funds granted to the Grantee by the Fund or the funds provided by the Fund are used, intentionally or negligently, to for any other purpose that purposes than those specified in the Project. 8.4 The notice of withdrawal ofwithdrawal shall be delivered in writing in person or by registered mail to the address of the ofthe relevant Contracting Party stated in this Contract. The notice of withdrawal ofwithdrawal shall be considered received on the date of its ofits delivery. If the Ifthe delivery of the ofthe withdrawal notice is rejected by the relevant Contracting Party, the rejection date shall represent the date of deliveryofdelivery. In ln the case of postal deliveries deliveries, the withdrawal notice shall be considered received on the third day of its postal deposit, irrespective of the addressee’s 's knowledge of such ofsuch deposit. 8.5 If the Ifthe Contract is terminated upon the withdrawal of the ofthe Fund therefrom, the Grantee shall automatically be obliged to return retum to the Fund the amount of the ofthe paid Grant within 15 working days. 8.6 In case the Grantee fails to observe the Budget or the Grant or any part of it ofit is used in conflict with the terms stipulated in this Contract, the Grantee shall be obliged to return retum the amount of the ofthe paid Grant to the Fund within 15 working days at the call of the ofthe Fund. 8.7 When the Fund determines deficiencies that could in a significant way significantly affect the result or approved schedule during the implementation of the ofthe Project, the Fund reserves the right to suspend the payment of ofthe Grant or any part of it ofit for a definite period. 8.8 If the Fund anytime Ifat any time (i.e., also after implementation of the ofthe Project) learns the Fund leams about a misuse of any ofany funds granted to the Grantee by the Fund, and/or about unannounced and/or unauthorized changes within the Project and interna! changes ofthe Grantee affecting the utilization ofthe provided Grant (mainly, but not limited to, changes ofthe Grantee's name, registered seat, statutory representatives, registration for VAT, etc.), the Grantee shall be obliged to return the full granted amount to the Fund within 15 working days of at the call of the ofthe Fund.

CONTRACTUAL SANCTIONS. 8.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the ofthe amount of the ofthe Grant (the "Contractual Penalty"), if: a) any data provided by the Grantee turns tums out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund any of the ofthe reports according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part of it ofit is used in conflict with the terms stipulated in this Contract, or d) the Grantee breaches any of its ofits obligation arising from Article 7 hereof. 8.2 The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the ofthe Fund. The Contractual Penalty payment shall not affect the Fund’s Funďs right to request a damage compensation for any damages caused to the Fund. 8.3 The Fund shall be entitled to withdraw from the Contract, in case: a) any kind of falseoffalse/incorrect data/information is provided by the Grantee, or b) any of the ofthe contractual requirements are not met by the Grantee or breached by the Grantee and the Grantee shall not remedy such deficiency or breach within an additional reasonable period provided by the Fund in the written call for the remedy, or c) deficiencies are determined that could in a significant way affect the result or approved schedule during the implementation of the ofthe Project, mainly, but not limited to, the Outputs of the ofthe Project do not meet the requirement under this Contract and its attachments, or d) the good reputation of the ofthe Fund is damaged by the Grantee, or e) the Fund learns about a leams about'a misuse of any ofany funds granted to the Grantee by the Fund or the funds provided by the Fund are used, intentionally or negligently, to any other purpose that specified in the Project. 8.4 The notice of withdrawal shall be delivered in writing in person or by registered mail to the address of the relevant Contracting Party stated in this Contract. The notice of withdrawal shall be considered received on the date of its delivery. If the lfthe delivery of the ofthe withdrawal notice is rejected by the relevant Contracting Party, the rejection date shall represent the date of deliveryofdelivery. In the case of postal ofpostal deliveries the withdrawal notice shall be considered received consídered receíved on the third thírd day of its ofíts postal deposit, irrespective the addressee’s addressee 's knowledge of such ofsuch deposit. 8.5 If lf the Contract is terminated upon the withdrawal of the Fund therefrom, the Grantee shall automatically be obliged to return retum to the Fund the amount of the ofthe paid Grant within 15 working days. 8.6 In ln case the Grantee fails to observe the Budget or the Grant or any part of it ofit is used in conflict with the terms stipulated in this Contract, the Grantee shall be obliged to return the amount of the ofthe paid Grant to the Fund within 15 working days at the call of the ofthe Fund. 8.7 When the Fund determines deficiencies that could in a significant way affect the result or approved schedule during the implementation of the ofthe Project, the Fund reserves the right to suspend the payment of Grant ofGrant or any part of it ofit for a definite period. 8.8 If the lfthe Fund anytime (i.e., also after implementation of the Project) learns about a misuse of any ofany funds granted to the Grantee by the Fund, the Grantee shall be obliged to return retum the full granted amount to the Fund within 15 working days of the call of the ofthe Fund.

CONTRACTUAL SANCTIONS. 8.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), if: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund any of the reports according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, or d) the Grantee breaches any of its obligation arising from Article 7 hereof. 8.2 The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Fund’s right to request a damage compensation for any damages caused to the Fund. 8.3 The Fund shall be entitled to withdraw from the Contract, in case: a) any kind of false/incorrect data/information is provided by the Grantee, or b) any of the contractual requirements are not met by the Grantee or breached by the Grantee and the Grantee shall not remedy such deficiency or breach within an additional reasonable period provided by the Fund in the written call for the remedy, or c) deficiencies are determined that could in a significant way affect the result or approved schedule during the implementation of the Project, mainly, but not limited to, the Outputs of the Project do not meet the requirement under this Contract and its attachments, or d) the good reputation of the Fund is damaged by the Grantee, or e) the Fund learns about a misuse of any funds granted to the Grantee by the Fund or the funds provided by the Fund are used, intentionally or negligently, to any other purpose that specified in the Project. 8.4 The notice of withdrawal shall be delivered in writing in person or by registered mail to the address of the relevant Contracting Party stated in this Contract. The notice of withdrawal shall be considered received on the date of its delivery. If the delivery of the withdrawal notice is rejected by the relevant Contracting Party, the rejection date shall represent the date of delivery. In the case of postal deliveries deliveries, the withdrawal notice shall be considered received on the third day of its postal deposit, irrespective the addressee’s knowledge of such deposit. 8.5 If the Contract is terminated upon the withdrawal of the Fund therefrom, the Grantee shall automatically be obliged to return to the Fund the amount of the paid Grant within 15 working days. 8.6 In case the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, the Grantee shall be obliged to return the amount of the paid Grant to the Fund within 15 working days at the call of the Fund. 8.7 When the Fund determines deficiencies that could in a significant way affect the result or approved schedule during the implementation of the Project, the Fund reserves the right to suspend the payment of Grant or any part of it for a definite period. 8.8 If the Fund anytime (i.e., also after implementation of the Project) learns about a misuse of any funds granted to the Grantee by the Fund, and/or about unannounced changes within the Project and internal changes of the Grantee affecting the utilization of the provided Grant (mainly but not limited to changes of the Grantee’s name, registered seat, statutory representatives, registration for VAT, etc.), the Grantee shall be obliged to return the full granted amount to the Fund within 15 working days of at the call of the Fund.

CONTRACTUAL SANCTIONS. 8.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), if:: any data provided by the Grantee turns out to be false or not up-to-date, orthe Grantee fails to deliver to the Fund any of the reports according to this Contract in time, orthe Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, orthe Grantee breaches any of its obligation arising from Article 7 hereof. a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund any of the reports according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, or d) the Grantee breaches any of its obligation arising from Article 7 hereof. 8.2 The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Fund’s right to request a damage compensation for any damages caused to the Fund. 8.3 The Fund shall be entitled to withdraw from the Contract, in case: a) any kind of false/incorrect data/information is provided by the Grantee, or b) any of the contractual requirements are not met by the Grantee or breached by the Grantee and the Grantee shall not remedy such deficiency or breach within an additional reasonable period provided by the Fund in the written call for re the remedy, or c) deficiencies are determined that could in a significant way affect the result or approved schedule during the implementation of the Project, mainly, but not limited to, the Outputs of the Project do not meet the requirement under this implementa Contract and its attachments, or d) the good reputation of the Fund is damaged by the Grantee, or e) the Fund learns about a misuse of any funds granted to the Grantee by the Fund or the funds provided by the Fund are used, intentionally or negligently, to any other purpose that specified in the Project.u 8.4 The notice of withdrawal shall be delivered in writing writing, in person or by registered mail to the address of the relevant Contracting Party stated in this Contract. The notice of withdrawal shall be considered received on the date of its delivery. If the delivery of the withdrawal notice is rejected by the relevant Contracting Party, the rejection date shall represent the date of delivery. In the case of postal deliveries deliveries, the withdrawal notice shall be considered received on the third day of its postal deposit, irrespective the addressee’s knowledge of such deposit. 8.5 If the Contract is terminated upon the withdrawal of the Fund therefrom, the Grantee shall automatically be obliged to return to the Fund the amount of the paid Grant within 15 working days. 8.6 In case the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, the Grantee shall be obliged to return the amount of the paid Grant to the Fund within 15 working days at the call of the Fund. 8.7 When the Fund determines deficiencies that could in a significant way affect the result or approved schedule during the implementation of the Project, the Fund reserves the right to suspend the payment of Grant or any part of it for a definite period. 8.8 If the Fund anytime (i.e., also after implementation of the Project) learns about a misuse of any funds granted to the Grantee by the Fund, and/or about unannounced changes within the Project and internal changes of the Grantee affecting the utilization of the provided Grant (mainly but not limited to changes of the Grantee’s name, registered seat, statutory representatives, registration for VAT, etc.), the Grantee shall be obliged to return the full granted amount to the Fund within 15 working days of at the call of the Fund.

CONTRACTUAL SANCTIONS. 8.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20% of the amount of the Grant (the "Contractual Penalty"), if: a) any data provided by the Grantee turns out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund any of the reports according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, or d) the Grantee breaches any of its obligation arising from Article 7 hereof. 8.2 The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the Fund. The Contractual Penalty payment shall not affect the Fund’s right to request a damage compensation for any damages caused to the Fund. 8.3 The Fund shall be entitled to withdraw from the Contract, in case: a) any kind of false/incorrect data/information is provided by the Grantee, or b) any of the contractual requirements are not met by the Grantee or breached by the Grantee and the Grantee shall not remedy such deficiency or breach within an additional reasonable period provided by the Fund in the written call for the remedy, or c) deficiencies are determined that could in a significant way affect the result or approved schedule during the implementation of the Project, mainly, but not limited to, the Outputs of the Project do not meet the requirement under this Contract and its attachments, or d) the good reputation of the Fund is damaged by the Grantee, or e) the Fund learns about a misuse of any funds granted to the Grantee by the Fund or the funds provided by the Fund are used, intentionally or negligently, to any other purpose that specified in the Project. 8.4 The notice of withdrawal shall be delivered in writing in person or by registered mail to the address of the relevant Contracting Party stated in this Contract. The notice of withdrawal shall be considered received on the date of its delivery. If the delivery of the withdrawal notice is rejected by the relevant Contracting Party, the rejection date shall represent the date of delivery. In the case of postal deliveries deliveries, the withdrawal notice shall be considered received on the third day of its postal deposit, irrespective the addressee’s knowledge of such deposit. 8.5 If the Contract is terminated upon the withdrawal of the Fund therefrom, the Grantee shall automatically be obliged to return to the Fund the amount of the paid Grant within 15 working days. 8.6 In case the Grantee fails to observe the Budget or the Grant or any part of it is used in conflict with the terms stipulated in this Contract, the Grantee shall be obliged to return the amount of the paid Grant to the Fund within 15 working days at the call of the Fund. 8.7 When the Fund determines deficiencies that could in a significant way affect the result or approved schedule during the implementation of the Project, the Fund reserves the right to suspend the payment of Grant or any part of it for a definite period. 8.8 If the Fund anytime (i.e., also after implementation of the Project) learns about a misuse of any funds granted to the Grantee by the Fund, the Grantee shall be obliged to return the full granted amount to the Fund within 15 working days of the call of the Fund.

CONTRACTUAL SANCTIONS. 8.1 The Fund shall be entitled against the Grantee for a contractual penalty in the amount of 20of20% of the amount of the Grant (the "Contractual Penalty"), if: a) any data provided by the Grantee turns tums out to be false or not up-to-date, or b) the Grantee fails to deliver to the Fund any of the ofthe reports according to this Contract in time, or c) the Grantee fails to observe the Budget or the Grant or any part of it ofit is used in conflict with the terms stipulated in this Contract, or d) the Grantee breaches any of its ofits obligation arising from Article 7 hereof. 8.2 The Contractual Penalty shall be paid by the Grantee within 15 working days from the written notice of the ofthe Fund. The Contractual Penalty payment payinent shall not affect the Fund’s Funďs right to request a damage compensation for any damages caused to the Fund. 8.3 The Fund shall be entitled to withdraw from the Contract, in case: a) any kind of falseoffalse/incorrect data/information is provided by the Grantee, or b) any of the ofthe contractual requirements are not met by the Grantee or breached by the Grantee and the Grantee shall not remedy such deficiency or breach within an additional reasonable period provided by the Fund in the written call for the remedytheremedy, or c) deficiencies are determined that could in a significant way affect the result or approved schedule during the implementation of the ofthe Project, mainly, but not limited to, the Outputs of the ofthe Project do not meet the requirement under this Contract and its attachments, or d) the good reputation of the ofthe Fund is damaged by the Grantee, or e) the Fund learns leams about a misuse of any ofany funds granted to the Grantee by the Fund or the funds provided by the Fund are used, intentionally or negligently, to any other purpose that specified in the Project. 8.4 The notice of withdrawal shall be delivered in writing in person or by registered mail to the address of the ofthe relevant Contracting Party stated in this Contract. The notice of withdrawal ofwithdrawal shall be considered received on the date of its ofits delivery. If the Ifthe delivery of the ofthe withdrawal notice is rejected by the relevant Contracting Party, the rejection date shall represent the date of deliveryofdelivery. In the case of postal ofpostal deliveries the withdrawal notice shall be considered received on the third day of its ofits postal deposit, irrespective the addressee’s 's knowledge of such ofsuch deposit. 8.5 If the Ifthe Contract is terminated upon the withdrawal of the ofthe Fund therefrom, the Grantee shall automatically be obliged to return retum to the Fund the amount of the ofthe paid Grant within 15 working days. 8.6 In case the Grantee fails to observe the Budget or the Grant or any part of it ofit is used in conflict with the terms stipulated in this Contract, the Grantee shall be obliged to return retum the amount of the ofthe paid Grant to the Fund within 15 working days at the call of the ofthe Fund. 8.7 When the Fund determines deficiencies that could in a significant way affect the result or approved schedule during the implementation of the ofthe Project, the Fund reserves the right to suspend the payment of Grant ofGrant or any part of it for a definite period. 8.8 If the Fund anytime (i.e., also after implementation of the Project) learns leams about a misuse of any ofany funds granted to the Grantee by the Fund, the Grantee shall be obliged to return retum the full granted amount to the Fund within 15 working days of the call of the ofthe Fund.