- 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.
Appears in 6 contracts
Sources: Grant Agreement, Grant Agreement, Grant Agreement
- FINANCIAL PENALTIES. Any beneficiary 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.
Appears in 1 contract
Sources: Grant Agreement