Common use of Financial collective responsibility Clause in Contracts

Financial collective responsibility. 1. Should the grant agreement be terminated or the participation of a beneficiary be terminated in accordance with Article II.37, and any beneficiary does not honour the reimbursement of the amount due by that beneficiary, the consortium shall reimburse the amount due to Fusion for Energy. The amount due to Fusion for Energy may not exceed the value of the contribution due to the consortium in accordance with Article I.4.1.

Appears in 6 contracts

Samples: Model Grant Agreement, Model Grant Agreement, fusionforenergy.europa.eu

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.