Common use of Financial Consequences of the termination of the participation of a Party Clause in Contracts

Financial Consequences of the termination of the participation of a Party. A Party leaving the consortium shall refund all payments it has received except the amount of contribution accepted by the Funding Authority or another contributor. Furthermore a Defaulting Party shall, within the limits specified in Section 5.2 of this Consortium Agreement, bear any reasonable and justifiable additional costs occurring to the other Parties in order to perform its and their tasks.

Financial Consequences of the termination of the participation of a Party. A Party leaving withdrawing from the consortium Consortium, pursuant to the terms of Article 3.4, or whose participation in the Consortium is terminated, shall refund all payments advances paid to it has received except the amount of contribution expended eligible costs accepted by the Funding Authority or another contributor. Furthermore Joint Undertaking and shall, where such terminated Party is a Defaulting Party shallParty, within the limits specified in Section 5.2 Article 5.1.3 of this Consortium Agreement, bear any reasonable and justifiable additional costs occurring to justifiably required by the other Parties in order to allow such Parties to perform its and their tasks.

Financial Consequences of the termination of the participation of a Party. A Party leaving the consortium Consortium shall refund all payments it has received except the amount of contribution accepted by the Funding Authority European Commission or another contributor. Furthermore a Defaulting Party shall, within the limits specified in Section Article 5.2 of this Consortium Agreement, bear any reasonable and justifiable additional costs occurring to the other Parties in order to perform its and their tasks.tasks.48

Financial Consequences of the termination of the participation of a Party. A Party leaving the consortium Consortium shall refund all payments it has received except the amount of contribution accepted by the Funding Authority European Commission or another contributor. Furthermore a Defaulting Party shall, within the limits specified in Section 5.2 of this Consortium Agreement, bear any reasonable and justifiable additional costs occurring to the other Parties in order to perform its and their tasks. .

Financial Consequences of the termination of the participation of a Party. A Party leaving the consortium shall refund all payments it has received except the amount of contribution accepted by the Funding Authority or another contributor. Furthermore Furthermore, a Defaulting Party shall, within the limits specified in Section 5.2 of this Consortium Agreement, bear any reasonable and justifiable additional costs occurring to the other Parties in order to perform its and their tasks.

Financial Consequences of the termination of the participation of a Party. A Party leaving the consortium Consortium shall refund all payments it has received except the amount of contribution accepted by the Funding Authority European Commission or another contributor. Furthermore a Defaulting Party shall, within the limits specified in Section Article 5.2 of this Consortium Agreement, bear any reasonable and justifiable additional costs occurring to the other Parties in order to perform its and their tasks.