- FINANCIAL PENALTIES Clause Samples

- FINANCIAL PENALTIES. ‌ 1. A beneficiary that has been guilty of making false declarations or has been found to have seriously failed to meet its obligations under this grant agreement shall be liable to financial penalties of between 2% and 10% of the value of the financial contribution of [the Union] [Euratom] received by that beneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement. 2. In the cases of paragraph 1, beneficiaries shall be excluded from all Union and Euratom grants for a maximum of two years from the date the infringement has been established. 3. The provisions in this Article shall be without prejudice to any administrative or financial sanction that may be imposed on any defaulting beneficiary in accordance with the Financial Regulation or to any other civil remedy to which [the Union] [Euratom] or any other beneficiary may be entitled. Furthermore, these provisions shall not preclude any criminal proceedings which may be initiated by the Member States' authorities. Part C INTELLECTUAL PROPERTY RIGHTS, USE AND‌ SECTION 1 – FOREGROUND‌

- FINANCIAL PENALTIES. 1. A beneficiary that has been guilty of making false declarations or has been found to have seriously failed to meet its obligations under this grant agreement shall be liable to financial penalties of between 2% and 10% of the value of the financial contribution of the Union received by that beneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement. 2. In the cases of paragraph 1, beneficiaries shall be excluded from all Union and Euratom grants for a maximum of two years from the date the infringement has been established. 3. The provisions in this Article shall be without prejudice to any administrative or financial sanction that may be imposed on any defaulting beneficiary in accordance with the Financial Regulation or to any other civil remedy to which the Union or any other beneficiary may be entitled. Furthermore, these provisions shall not preclude any criminal proceedings which may be initiated by the Member States' authorities. Part C INTELLECTUAL PROPERTY RIGHTS, USE AND

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the Agency, any partner declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The consortium shall be notified in writing of any decision by the Agency to apply such financial penalties.

- FINANCIAL PENALTIES. II.13.1 By virtue of the Financial Regulation applicable to the General Budget of the European Communities, any partner declared to be in grave breach of his contractual obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question. II.13.2 This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the establishment of the first. II.13.3 The partner shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. The Owner acknowledges that financial penalties apply for breaches of the MTOFSA.

- FINANCIAL PENALTIES. 1. A beneficiary that has been guilty of making false declarations or has been found to have seriously failed to meet its obligations under this grant agreement shall be liable to financial penalties of between 2% and 10% of the value of the JU financial contribution received by that beneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement. 2. In the cases of paragraph 1, beneficiaries shall be excluded from JU grants for a maximum of two years from the date the infringement has been established. 3. The provisions in this Article shall be without prejudice to any administrative or financial sanction that may be imposed on any defaulting beneficiary in accordance with the Financial Rules or to any other civil remedy to which the JU or any other beneficiary may be entitled. Furthermore, these provisions shall not preclude any criminal proceedings which may be initiated by the Member States' authorities. Part C – INTELLECTUAL PROPERTY RIGHTS, USE AND

- FINANCIAL PENALTIES. Errors committed by the Contractor that result in the inappropriate disbursement of HAP/UAP monies cannot be collected through the Authority’s standard accounting practices to recapture inappropriately disbursed monies directly from the participant and/or landlord of record. Therefore, if the Authority determines that a file is out of compliance with the requirements for the administration of the Program and the result is the inappropriate disbursement of HAP/UAP monies due to errors committed by the Contractor, financial penalties may be assigned to the Contractor by the Authority. If the Contractor was not assigned to the voucher file for the duration of the period of non- compliance, financial penalties will only be charged for the time period when the Contractor was responsible for the voucher file after any applicable grace period provided by the Authority due to the transfer of the voucher file. The Contractor will be given proper notice of the error including the amount of the financial penalty to be assessed.

- FINANCIAL PENALTIES. Any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality.

- FINANCIAL PENALTIES. II.12.1 By virtue of the Financial Regulation applicable to the General Budget of the European Union, any beneficiary declared to be in grave breach of his obligations may be subject to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. II.12.2 This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. II.12.3 Where the beneficiary has made false declarations regarding the lump sum or flat-rate financing, the Agency may impose financial penalties up to 50% of the total amount of the lump sum or flat-rate financing. II.12.4 The beneficiary shall be notified in writing of any decision by the Agency to apply such financial penalties.