Non-fulfilment of Obligations or Delay Sample Clauses

Non-fulfilment of Obligations or Delay. 1. Each PP is obliged to promptly inform the LP and to provide the latter with all necessary details should there be events that could jeopardise the implementation of the project.
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Non-fulfilment of Obligations or Delay. All project beneficiaries are obliged to promptly inform the Lead Beneficiary and to provide the latter with all the useful details in case of events that could jeopardise the implementation of the Project. Should one of the project beneficiaries be in breach of this agreement, the Lead Beneficiary shall give the respective partner a reasonable period of time, (one month at the most) to comply with his obligations. Should the non-fulfilment of obligations continue, the Lead Beneficiary may decide to exclude the project beneficiary concerned from the Project, with approval of all the other members of the Management Team. Any modification in the Project Partnership acquires approval of the Monitoring Committee. The debarred beneficiary that is not located in Greece is obliged to return to the Lead Beneficiary any ERDF funds that have been unduly received, within the month following notification. For any debarred beneficiary located in Greece the procedure for recoveries of unduly paid amounts is immediately initiated by the competent Greek authorities. In the event of total or partial non fulfillment of the obligations of any of the project beneficiaries or in the event of substantial errors in the effective execution of project activities and following a decision of the MA or the Monitoring Committee related to the project implementation each cosignatory member of the preset Partnership Agreement undertakes the obligation to return to the Lead Beneficiary any ERDF funds that have been unduly received, within the month following the relevant notification with the exception of the project beneficiaries located in Greece for whom the recovery of unduly paid amounts as provided for in the Greek regulatory framework for beneficiaries located in Greece is immediately initiated by the competent Greek authorities. In cases where the non-fulfilment of a project beneficiary’s obligations has financial consequences for the funding of the Project as a whole, the Lead Beneficiary may demand compensation to cover the sum involved. In case that the MA is notified about irregularities in the project in particular on the basis of findings of the “controllers” or after an audit is conducted, and once the relevant amounts have been paid by the MA/CA, it will demand the return of all or part of the funding paid out for the project from the Lead Beneficiary who will claim repayment of the amounts concerned by the respective Beneficiary/xxxx with the exception of the project ben...
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Non-fulfilment of Obligations or Delay. 1. Each project partner is obliged to promptly inform the Lead Partner and to provide the latter with all necessary details should there be events that could jeopardise the implementation of the project.
Sample 1

Related to Non-fulfilment of Obligations or Delay

  • Fulfilment of Obligations The Parties shall take any general or specific measures required to fulfil their obligations under this Agreement.

  • Fulfillment of Obligations Any obligation of any party to any other party under this Agreement, which obligation is performed, satisfied or fulfilled by an Affiliate of such party, shall be deemed to have been performed, satisfied or fulfilled by such party.

  • Excuse from performance of obligations If the Affected Party is rendered wholly or partially unable to perform its obligations under this Agreement because of a Force Majeure Event, it shall be excused from performance of such of its obligations to the extent it is unable to perform on account of such Force Majeure Event; provided that:

  • Termination of Obligations Termination of this Agreement pursuant to Section 10.1 hereof shall terminate all obligations of the parties hereunder, except for the obligations under Article IX, Article X, and Sections 11.4, 11.7, 11.14, 11.15 and 11.16 hereof; provided, however, that termination pursuant to paragraphs (b) or (c) of Section 10.1 shall not relieve the defaulting or breaching party or parties from any liability to the other parties hereto.

  • Duration of Obligations The Manager’s obligation to provide Disentanglement Services will continue during the period commencing on the date that a Termination Notice is delivered and ending on the date on which the Successor Manager or the re-engaged Manager assumes all of the obligations of the Manager hereunder (the “Disentanglement Period”).

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as the case may be.

  • Breach of Obligations The Parties acknowledge that a breach of any of the obligations contained herein would result in injuries. The Parties further acknowledge that the amount of the liquidated damages or the method of calculating the liquidated damages specified in this Agreement is a genuine and reasonable pre-estimate of the damages that may be suffered by the non-defaulting party in each case specified under this Agreement.

  • Termination on Breach of Obligations of Confidentiality The Authority may terminate this Framework Agreement by serving notice on the Supplier in writing with effect from the date specified in such notice where the Supplier fails to comply with Clauses 19.1 to 19.5 (Confidentiality).

  • Extent of Obligation The Manager shall devote such time to the business and affairs of the Company as the Manager shall reasonably deem necessary to conduct properly such business and affairs in accordance with this Agreement and applicable law.

  • Extent of Obligations The Parties shall ensure that all necessary measures are taken in order to give effect to the provisions of this Agreement in their respective territories, including ensuring that their respective regional and local governments and authorities, and non- governmental bodies in the exercise of governmental powers delegated to them by central, regional and local governments or authorities observe all obligations and commitments under this Agreement.

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