Contributions to Project Costs Sample Clauses

Contributions to Project Costs. 11.1 Where the Lead Authority is obliged to make any payment, or incurs any financial liability or other financial penalty pursuant to the Contractor Agreement, the same shall (except to the extent that it has been caused by the negligence, fraud or wilful default of the Lead Authority or can be met with funds available to the Lead Authority for this purpose pursuant to a Funding Agreement) be apportioned between the Parties in accordance with the Relevant Shares and the Participating Authorities shall reimburse the Lead Authority their Relevant Share of any such sums paid by the Lead Authority in accordance with clause 11.7. 11.2 Where the Lead Authority is required to make any repayment of the whole or part of the funding, or incurs any other financial liability under the terms of any Funding Agreement (except to the extent that the same has been caused by the negligence, fraud or wilful default of the Lead Authority), the Participating Authorities shall reimburse the Lead Authority their Relevant Share of any such sums paid by the Lead Authority in accordance with clause 11.7. 11.3 Each Party shall contribute equally to any Project Costs other than the matters apportioned by clauses 11.1 and 11.2 incurred by the Lead Authority in pursuit of the Project, and the Participating Authorities shall reimburse the Lead Authority their share of any such sums paid by the Lead Authority in accordance with clause 11.7. 11.4 Wherever under this clause 11, any sum of money is recoverable from or payable by a Participating Authority and the Participating Authority fails to pay such sums to the Lead Authority in accordance with the provisions of this clause 11, that sum may be deducted by the Lead Authority from any sum that is or may subsequently become due to the Participating Authority under this Agreement. 11.5 The Lead Authority shall prepare accounts including details of any Project Costs as evidence of expenditure incurred pursuant to the Project (“the Accounts”) in respect of accounting periods as the Finance Directors shall determine. 11.6 The Lead Authority shall make true and complete entries of all relevant expenditure, receipts and payments made by it during the previous accounting period in the Accounts. 11.7 The Participating Authorities shall each pay to the Lead Authority any relevant sums due pursuant to clauses 11.1, 11.2 and 11.3 within 20 calendar days of receipt of a written request from the Lead Authority. 11.8 If a Participating Authority (‘PA1’...