Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 24 contracts
Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement
Funding Principles. A Party which that spends less than its allocated share of the budget as set out in the Consortium Budget Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 19 contracts
Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement
Funding Principles. A Party which that spends less than its allocated share of the budget as set out in the Consortium Budget Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its units/actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 16 contracts
Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Partnership Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Partnership Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 16 contracts
Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 6 contracts
Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement
Funding Principles. A Party which spends implements less units than its allocated share of foreseen in the Consortium Budget Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 6 contracts
Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Partnership Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Partnership Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. The funding of each Party is in accordance with the State Aid Scheme approved for the Research Programme.
Appears in 4 contracts
Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement
Funding Principles. A Party which that spends less than its allocated share of the budget as set out in the Consortium Budget Plan or – in case of reimbursement via unit costs – implements fewer units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 4 contracts
Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the budget as set out in the Consortium Budget Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 4 contracts
Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement
Funding Principles. A Party which that spends less than its allocated share of the Consortium Budget budget as set out in the Project Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget budget as set out in the Project Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 3 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
Funding Principles. 7.1.3.1 A Party which that spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. .
7.1.3.2 A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an and will not be funded by any amount not exceeding that sharein excess of its allocated share unless agreed otherwise by the ITD Steering Committee.
Appears in 2 contracts
Samples: Consortium Agreement, Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 2 contracts
Samples: Consortium Agreement, Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Partnership Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Partnership Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. The Funding of each Party is in accordance with the State Aid Scheme approved for the Programme.
Appears in 2 contracts
Samples: Partnership Agreement, Partnership Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding the contribution related to that share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which that spends less than its allocated share of the budget as set out in the Consortium Budget Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. In any event, the Steering Committee is responsible for the definition and modification of the Consortium Budget.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which that spends less than its allocated share of the budget as set out in the Consortium Budget Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends that implements less units than its allocated share of foreseen in the Consortium Budget Plan, will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. Upon decision of the Supervisory Board, the EU contribution might be re-distributed among the Parties as per Article 6.3.1.2 and upon approval of the Funding Authority.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. 7.1.3.1 A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. .
7.1.3.2 A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which that spends less than its allocated share of the budget as set out in the Consortium Budget Plan or – in case of reimbursement via unit costs - implements fewer units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. (1) A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance ac- cordance with its actual duly justified eligible costs only. .
(2) A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.. In the event that one or more party(ies) has spent less than its (their) allocated share(s) of the Consortium Budget, the Coordinator and the Supervisory Board shall consider an adjustment to the budget to allow the unused funds to be used by (an)other party(ies)
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party Party, which spends less than its allocated share of the budget as set out in the Consortium Budget Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan, will be funded in accordance with its actual duly duly, justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that shareshare unless let by the consolidated eligible costs claimed at the end of the Project and following the European Commission final payment.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends implements less units than its allocated share of foreseen in the Consortium Budget Plan will be funded in accordance with its actual duly justified eligible costs cost only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which that spends less than its allocated share of the budget as set out in the Consortium Budget Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share, within the limits of the general share of funds received by the coordinator.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which that spends less than its allocated share of the budget as set out in the Consortium Budget Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its units/actual duly justified eligible costs onlycostsonly. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. ln any event, the Steering Committee is responsible for the definition and modification of the Consortium Budget.
Appears in 1 contract
Samples: Internal Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that shareParty’s Project Share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Partnership Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Partnership Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. All the Parties are familiar with all the provisions of the Contract, KAPPA Terms and Conditions (Article 6.2.g) and Key Project Parameters.
Appears in 1 contract
Samples: Partnership Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share, unless available funds within the project budget allows extra funding. In case more than one Party is entitled to extra funding, this extra funding shall be regulated in direct proportion to the originally allocated budget.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends implements less units than its allocated share of foreseen in the Consortium Budget Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. Upon decision of the Supervisory Board, the EU contribution (B1 and B2 only) might be re- distributed among the Parties as per Article 6.3.1.2.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. For the avoidance of doubt, budget monies cannot be transferred between budget categories. In case a Party needs more money, it may ask for a supplement. Such request shall be addressed to the Supervisory Board in accordance with Article 6.3.6.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends implements less units than its allocated share of foreseen in the Consortium Budget Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. Upon decision of the Supervisory Board, the EU contribution might be re-distributed among the Parties as per Article 6.3.1.2 and upon approval of the Funding Authority.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A It is understood in all cases that no other Party shall be liable for any costs of a Party exceeding that spends more than its allocated share Party’s budgeting of such cost. More information on the Consortium Budget will be funded only in respect terms of duly justified eligible and non-eligible costs up are available in the European Commission’s Financial Guidelines, an overview thereof is provided [Attachment 8]: Overview of Eligible Costs according to an amount not exceeding that shareEC Financial Guidelines .
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. If the General Assembly agrees, the budget might be re-distributed between the Parties.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which that spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an and will not be funded by any amount not exceeding that sharein excess of its allocated share unless agreed otherwise by the GRA ITD Steering Committee.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share, unless available funds within the project budget allows extra funding. In case more than one Party is entitled to extra funding, this extra funding shall be regulated in direct proportion to the extra allocated budget.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party which spends less than its allocated share of the budget as set out in the Consortium Budget Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Budget Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
Appears in 1 contract
Samples: Consortium Agreement
Funding Principles. A Party Party, which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly duly, justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding its allocated share of the Consortium Budget. Funding may be increased provided that appropriate adjustments can be made to that share, by a decision of the General Assembly, if at the same time, another or some other Parties has (have) spent less than its (their) allocated shares of the Consortium Budget.
Appears in 1 contract
Samples: Grant Agreement