Financial Adjustments. The National Authorising Officer, who bears in the first instance the responsibility for investigating irregularities, shall make the financial adjustments where irregularities or negligence are detected in the management and implementation of the programme or any operations or contracts financed under the programme. He/she shall do so by cancelling all or part of the Community contribution to the operations concerned or the programme. The National Authorising Officer shall take into account the nature and gravity of the irregularities and the financial loss to the Community contribution.
Appears in 3 contracts
Samples: Financing Agreement, Financing Agreement, Financing Agreement
Financial Adjustments. The National Authorising Officer, who bears in the first instance instan- ce the responsibility for investigating irregularities, shall make the financial adjustments where irregularities or negligence are detected in the management and implementation of the programme or any operations or contracts financed under the programme. He/she shall do so by cancelling all or part of the Community contribution to the operations concerned or the programme. The National Authorising Autho- rising Officer shall take into account the nature and gravity of the irregularities and the financial loss to the Community contribution.. Article 77
Appears in 1 contract
Samples: Financing Agreement
