Common use of FINANCIAL SUPPORT TO THIRD PARTIES Clause in Contracts

FINANCIAL SUPPORT TO THIRD PARTIES. 13.1 Rules for providing financial support to third parties 13.1.1 The KIC Partners must provide financial support in accordance with the conditions set out in Annex 1. At a minimum, these conditions must include: (a) the maximum amount of financial support for each third party. The maximum amount may not exceed EUR 60 000 for each third party, unless it is necessary to achieve the objectives of the specific action as described in Annex 1; (b) the criteria for calculating the exact amount of the financial support; (c) the different types of activity that qualify for financial support, on the basis of a closed list; (d) the persons or categories of persons that may receive financial support, and (e) the criteria for giving financial support. The KIC Partners must ensure that the EIT, Commission, the European Court of Auditors (ECA) and the European Anti-fraud Office (OLAF) can exercise their rights under Articles 28 and 29 of the Framework Partnership Agreement also towards the third parties receiving financial support. 13.1.2 The KIC Partners must ensure that their obligations under Articles 41, 42, 44 and 52 of the Framework Partnership Agreement also apply to the third parties receiving financial support. 13.2 Financial support in the form of prizes 13.2.1 The KIC Partners must provide prizes in accordance with the conditions described in Annex 1. At a minimum, these conditions must include: (a) the conditions for participation; (b) the award criteria; (c) the amount of the prize, and (d) the payment arrangements. The KIC Partners must ensure that the EIT, Commission, the European Court of Auditors (ECA) and the European Anti-fraud Office (OLAF) can exercise their rights under Articles 28 and 29 of the Framework Partnership Agreement also towards the third parties receiving a prize. 13.2.2 The KIC Partners must ensure that their obligations under Articles 41, 42, 44 and 52 of the Framework Partnership Agreement also apply to the third parties receiving a prize.

FINANCIAL SUPPORT TO THIRD PARTIES. 13.1 Rules for providing financial support to third parties 13.1.1 The KIC Partners must provide financial support in accordance with the conditions set out in Annex 1. At a minimum, these conditions must include: (a) the maximum amount of financial support for each third party. The maximum amount may not exceed EUR 60 000 for each third party, unless it is necessary to achieve the objectives of the specific action as described in Annex 1; (b) the criteria for calculating the exact amount of the financial support; (c) the different types of activity that qualify for financial support, on the basis of a closed list; (d) the persons or categories of persons that may receive financial support, and (e) the criteria for giving financial support. The KIC Partners must ensure that the EIT, Commission, the European Court of Auditors (ECA) and the European Anti-fraud Office (OLAF) can exercise their rights under Articles 28 and 29 of the Framework Partnership Agreement FPA also towards the third parties receiving financial support. 13.1.2 The KIC Partners must ensure that their obligations under Articles 41, 42, 44 and 52 of the Framework Partnership Agreement FPA also apply to the third parties receiving financial support. 13.2 Financial support in the form of prizes 13.2.1 The KIC Partners must provide prizes in accordance with the conditions described in Annex 1. At a minimum, these conditions must include: (a) the conditions for participation; (b) the award criteria; (c) the amount of the prize, and (d) the payment arrangements. The KIC Partners must ensure that the EIT, Commission, the European Court of Auditors (ECA) and the European Anti-fraud Office (OLAF) can exercise their rights under Articles 28 and 29 of the Framework Partnership Agreement FPA also towards the third parties receiving a prize. 13.2.2 The KIC Partners must ensure that their obligations under Articles 41, 42, 44 and 52 of the Framework Partnership Agreement FPA also apply to the third parties receiving a prize.

FINANCIAL SUPPORT TO THIRD PARTIES. 13.1 Rules for providing financial support to third parties 13.1.1 The KIC Partners must provide financial support in accordance with the conditions set out in Annex 1. At a minimum, these conditions must include: (a) the maximum amount of financial support for each third party. The maximum amount may not exceed EUR 60 000 for each third party, unless it is necessary to achieve the objectives of the specific action as described in Annex 1; (b) the criteria for calculating the exact amount of the financial support; (c) the different types of activity that qualify for financial support, on the basis of a closed list; (d) the persons or categories of persons that may receive financial support, and (e) the criteria for giving financial support. The KIC Partners must ensure that the EIT, Commission, the European Court of Auditors (ECA) and the European Anti-fraud Office (OLAF) can exercise their rights under Articles 28 and 29 of the Framework Partnership Agreement FPA also towards the third parties receiving financial support. 13.1.2 The KIC Partners must ensure that their obligations under Articles 41, 42, 44 and 52 of the Framework Partnership Agreement FPA also apply to the third parties receiving financial support. 13.2 Financial support in the form of prizes 13.2.1 The KIC Partners must provide prizes in accordance with the conditions described in Annex 1. At a minimum, these conditions must include: (a) the conditions for participation; (b) the award criteria; (c) the amount of the prize, and (d) the payment arrangements. The KIC Partners must ensure that the EIT, Commission, the European Court of Auditors (ECA) and the European Anti-fraud Office (OLAFXXXX) can exercise their rights under Articles 28 and 29 of the Framework Partnership Agreement FPA also towards the third parties receiving a prize. 13.2.2 The KIC Partners must ensure that their obligations under Articles 41, 42, 44 and 52 of the Framework Partnership Agreement FPA also apply to the third parties receiving a prize.

FINANCIAL SUPPORT TO THIRD PARTIES. 13.1 Rules for providing financial support to third parties 13.1.1 The KIC Partners must provide financial support in accordance with the conditions set out in Annex 1. At a minimum, these conditions must include: (a) the maximum amount of financial support for each third party. The maximum amount may not exceed EUR 60 000 for each third party, unless it is necessary to achieve the objectives of the specific action as described in Annex 1; (b) the criteria for calculating the exact amount of the financial support; (c) the different types of activity that qualify for financial support, on the basis of a closed list; (d) the persons or categories of persons that may receive financial support, and (e) the criteria for giving financial support. The KIC Partners must ensure that the EIT, Commission, the European Court of Auditors (ECA) and the European Anti-fraud Anti‐fraud Office (OLAF) can exercise their rights under Articles 28 and 29 of the Framework Partnership Agreement FPA also towards the third parties receiving financial support. 13.1.2 The KIC Partners must ensure that their obligations under Articles 41, 42, 44 and 52 of the Framework Partnership Agreement FPA also apply to the third parties receiving financial support. 13.2 Financial support in the form of prizes 13.2.1 The KIC Partners must provide prizes in accordance with the conditions described in Annex 1. At a minimum, these conditions must include: (a) the conditions for participation; (b) the award criteria; (c) the amount of the prize, and (d) the payment arrangements. The KIC Partners must ensure that the EIT, Commission, the European Court of Auditors (ECA) and the European Anti-fraud Anti‐fraud Office (OLAF) can exercise their rights under Articles 28 and 29 of the Framework Partnership Agreement FPA also towards the third parties receiving a prize. 13.2.2 The KIC Partners must ensure that their obligations under Articles 41, 42, 44 and 52 of the Framework Partnership Agreement FPA also apply to the third parties receiving a prize.