Common use of Distribution of Financial Contribution Clause in Contracts

Distribution of Financial Contribution. The financial contribution of the Granting Authority to the Project shall be distributed by the Coordinator according to: − the Consortium Plan, being recalled that lump-sum shares for work will be paid after the full completion of the respective work package or, at the payment of the balance, after partial payment of non-completed work packages by the Granting Authority; − the approval of reports by the Granting Authority, and − the provisions of payment in Section 7.2. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

Appears in 2 contracts

Samples: Consortium Agreement, Consortium Agreement

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Distribution of Financial Contribution. The financial contribution of the Granting Authority to the Project shall be distributed by the Coordinator to the other Beneficiaries according to: − the Consortium Plan, being recalled that lump-sum shares for work will be paid after the full completion of the respective work package or, at the payment of the balance, after partial payment of non-completed work packages by the Granting Authority; Plan − the approval of reports by the Granting Authority, and − the provisions of payment in Section 7.2. A Party Beneficiary shall be funded only for its tasks carried out in accordance with the Consortium Plan.

Appears in 1 contract

Samples: Consortium Agreement

Distribution of Financial Contribution. The financial contribution of the Granting Authority to the Project shall be distributed by the Coordinator according to: − the Consortium Plan, being recalled that lump-sum shares for work will be paid after Plan and the full completion of the respective work package or, signed Grant Agreement at the payment of the balance, after partial payment of non-completed work packages by the Granting Authoritysignature Effective Date; − the approval of reports by the Granting Authority, and its corresponding adjustments according to the Grant Agreement; the provisions of payment in Section 7.2. A Party shall be funded only for its tasks carried out in accordance with the Consortium PlanPlan and following the rules and provisions detailed in the Grant Agreement.

Appears in 1 contract

Samples: Consortium Agreement

Distribution of Financial Contribution. The financial contribution of the Granting Authority to the Project shall be distributed by the Coordinator to the other Beneficiaries according to: the Consortium Plan, being recalled that lump-sum shares for work will be paid after the full completion of the respective work package or, at the payment of the balance, after partial payment of non-completed work packages by the Granting Authority; − Plan the approval of reports by the Granting Authority, and the provisions of payment in Section 7.2. A Party Beneficiary shall be funded only for its tasks carried out in accordance with the Consortium Plan.

Appears in 1 contract

Samples: Consortium Agreement

Distribution of Financial Contribution. The financial contribution of the Granting Authority to the Project shall be distributed by the Coordinator to the other beneficiaries according to: − the Consortium Plan, being recalled that lump-sum shares for work will be paid after the full completion of the respective work package or, at the payment of the balance, after partial payment of non-completed work packages by the Granting Authority; Plan − the approval of reports by the Granting Authority, and − the provisions of payment in Section 7.2. A Party Beneficiary shall be funded only for its tasks carried out in accordance with the Consortium Plan.

Appears in 1 contract

Samples: Consortium Agreement

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Distribution of Financial Contribution. The financial contribution of the Granting Authority to the Project shall be distributed by the Coordinator according to: − the Consortium Plan, being recalled that lump-sum shares for work will be paid after the full completion of the respective work package or, at the payment of the balance, after partial payment of non-completed work packages by the Granting Authority; − the approval of reports by the Granting Authority, and − the provisions of payment in Section 7.2. A Party Beneficiary shall be funded only for its tasks carried out in accordance with the Consortium Plan.

Appears in 1 contract

Samples: Consortium Agreement

Distribution of Financial Contribution. The financial contribution of the Granting Authority to the Project shall be distributed by the Coordinator to all Beneficiaries according to: − the Consortium Plan, being recalled that lump-sum shares for work will be paid after the full completion of the respective work package or, at the payment of the balance, after partial payment of non-completed work packages by the Granting Authority; Plan − the approval of reports by the Granting Authority, and − the provisions of payment in Section 7.2. A Party Beneficiary shall be funded only for its tasks carried out in accordance with the Consortium Plan.

Appears in 1 contract

Samples: Consortium Agreement

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