Common use of Financial corrections Clause in Contracts

Financial corrections. ‌ 1. The FMO may make financial corrections based on the criteria in Article 10.4 consisting of cancelling all or part of the financial contribution of the Norwegian Financial Mechanism 2014-2021 to the Programme. 2. When a financial correction is made on a project in accordance with paragraph 1, or with Article 9.1, the financial correction may not be reused for that project and the grant to the project shall be reduced accordingly. The cancelled financial contribution may be reused under the Programme for projects other than those that were the subject of the correction. 4. When a financial correction is made for a systemic irregularity or an irregularity related to the management or control systems within the Programme, the financial contribution may not be reused within the Programme.

Financial corrections. ‌ 1. The FMO may make financial corrections based on the criteria in Article 10.4 consisting of cancelling all or part of the financial contribution of the Norwegian EEA Financial Mechanism 2014-2021 to the Programme. 2. When a financial correction is made on a project in accordance with paragraph 1, or with Article 9.1, the financial correction may not be reused for that project and the grant to the project shall be reduced accordingly. The cancelled financial contribution may be reused under the Programme for projects other than those that were the subject of the correction. 4. When a financial correction is made for a systemic irregularity or an irregularity related to the management or control systems within the Programme, the financial contribution may not be reused within the Programme.

Financial corrections. ‌ 1. The FMO may make financial corrections based on the criteria in Article 10.4 consisting of cancelling all or part of the financial contribution of the Norwegian EEA Financial Mechanism 2014-2021 to the Programme. 2. When a financial correction is made on a project in accordance with paragraph 1, or with Article 9.1, the financial correction may not be reused for that project and the grant to the project shall be reduced accordinglyproject. The cancelled financial contribution may be reused under the Programme for projects other than those that were the subject of the correction. 43. When a financial correction is made for a *systemic irregularity or an irregularity related to the management or control systems within the Programme, the financial contribution may not be reused within the Programme.

Financial corrections. ‌ 1. The FMO may make financial corrections based on the criteria in Article 10.4 consisting of cancelling all or part of the financial contribution of the EEA and Norwegian Financial Mechanism Mechanisms 2014-2021 to the Programme. 2. When a financial correction is made on a project in accordance with paragraph 1, or with Article 9.1, the financial correction may not be reused for that project and the grant to the project shall be reduced accordingly. The cancelled financial contribution may be reused under the Programme for projects other than those that were the subject of the correction. 4. When a financial correction is made for a systemic irregularity or an irregularity related to the management or control systems within the Programme, the financial contribution may not be reused within the Programme.