Common use of Financial liability towards Clause in Contracts

Financial liability towards. the Centre for Project implementation The Project Promoter is liable towards the Centre for the correct performance of the Agreement. Subject to (3), in the case of ineffective enforcement against the Project Promoter, the remaining Project Partners29 shall be jointly liable for the performance of the Agreement, including for the actions or omissions of the Project Promoter and the correct allocation of funding. In justified cases, if the legal and economic analysis of the Project Promoter’s solvency indicates that claiming the repayment of funding would be ineffective or unfounded, the Centre shall be allowed to claim repayment primarily from the Project Partners30.

Financial liability towards. the Centre for Project implementation The Project Promoter is liable towards the Centre for the correct performance of the Agreement. Subject to (3), in the case of ineffective enforcement against the Project Promoter, the remaining Project Partners29 Partners30 shall be jointly liable for the performance of the Agreement, including for the actions or omissions of the Project Promoter and the correct allocation of funding. In justified cases, if the legal and economic analysis of the Project Promoter’s solvency indicates that claiming the repayment of funding would be ineffective or unfounded, the Centre shall be allowed to claim repayment primarily from the Project Partners30Partners31.

Financial liability towards. the Centre for Project implementation The Project Promoter is liable towards the Centre for the correct performance of the Agreement. Subject to (3), in the case of ineffective enforcement against the Project Promoter, the remaining Project Partners29 Partners31 shall be jointly liable for the performance of the Agreement, including for the actions or omissions of the Project Promoter and the correct allocation of funding. In justified cases, if the legal and economic analysis of the Project Promoter’s solvency indicates that claiming the repayment of funding would be ineffective or unfounded, the Centre shall be allowed to claim repayment primarily from the Project Partners30Partners32.