Coordinator Beneficiaries. ‘Beneficiaries’ means the legal entities who have signed the Grant Agreement (GA) with the Commission/Agency (i.e. a ‘participant’1 in an action supported by a grant). The ‘coordinator’ is the beneficiary which is the central contact point for the Commission/Agency and represents the consortium (vis-à-vis the Commission/Agency). Both beneficiaries and coordinators must have a sufficient financial capacity to be able to implement the action (i.e. achieve its expected objectives and results). The Commission/Agency will systematically verify the financial capacity of the coordinator, if the requested EU contribution for the action is equal or superior to EUR 500 000. Exceptionally, it will also verify the financial capacity (of the coordinator or other beneficiaries), if there are grounds to doubt their financial capacity.2
Coordinator Beneficiaries. ‘Beneficiaries’ means the legal entities who have signed the Grant Agreement (GA) with the Commission/Agency (i.e. a ‘participant’2 in an action supported by a grant). The signature arrangements are the following: − the coordinator directly signs the GA − the other beneficiaries sign the GA by signing the Accession form. Amendments to the GA, if any, will be signed by the coordinator on their behalf. An applicant who accepts the grant by signing the GA becomes a beneficiary of the grant and is bound by the entirety of its terms and conditions. Other entities which participate in the action but do not sign the GA (including entities linked to the beneficiaries) are considered as ‘third parties involved in the action’ (see Article 8). They are not bound by the terms and conditions of the GA; conversely, the Commission/Agency has no obligation vis-à-vis third parties.
Coordinator Beneficiaries
