Obligations of the Beneficiaries Sample Clauses

Obligations of the Beneficiaries. 1. In particular, each Beneficiary shall: a) support the Lead Beneficiary in fulfilling its tasks as stipulated in the Subsidy contract and its annexes; b) without any delay provide the Lead Beneficiary with any information needed to draw up the Project reports, the Final project report and the Project follow-up reports (if relevant), react on any request by the Managing Authority or the Joint Secretariat, or provide any further information needed by the Lead Beneficiary; c) assure the smooth implementation of the part of the Project they are responsible for in accordance with the Subsidy contract and its annexes; d) inform the Lead Beneficiary immediately about any circumstances that could lead to a temporary or final discontinuation of the Project part or any other deviation of the implementation of the Project part, including any variations to its part of project budget or work plan; e) appoint a contact person for the implementation of the part of the Project under their responsibility; f) contribute to overall project aims according to their part undertaken with due care and motivation, completing their activities foreseen for each reporting period of the project implementation; g) maintain either a separate accounting system or an adequate accounting code for all transactions related to the Project part; h) inform the Lead Beneficiary on the details of the bank account1 to which the EU contribution of the Beneficiary shall be transferred, furthermore 1 The details of the bank accounts per Beneficiary form Annex 1 to the present Agreement. the Lead Beneficiary must be informed about any changes concerning the bank account; i) co-operate with the Lead Beneficiary for the effective implementation of the Project, actively take part in decision making during the Project; j) have its expenditures incurred in the given reporting period, verified by the designated controller and submit the Declaration on Validation of Expenditure issued by the controller to the Lead Beneficiary in due time. (The reimbursement of expenditure of the Beneficiaries not covered by Declarations on Validation of Expenditure in the given reporting period can be requested only for the next reporting deadline following the reporting period concerned. Preparation costs can be validated and requested only in the first reporting period.); k) comply with EU- and national rules, including rules on public procurement, State aid, publicity, further rules on environmental protection and equal...
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Obligations of the Beneficiaries. The obligations of the Beneficiaries to Bpifrance result both herefrom and from the Repayable Advance Beneficiary Agreements. The Beneficiaries undertake to allocate Funding to the Project and the financing of the related expenditure. Where appropriate, Bpifrance reserves the right to require Beneficiaries to repeat Funding paid which was not assigned to the Project according to the provisions stipulated in the Master Agreement and the Repayable Advance Beneficiary Agreements and their Schedules. Beneficiaries also undertake to implement all means to carry out the work set out in table 2 - Technical description technique and selected activities - of Schedule 1 hereto. Beneficiaries undertake to provide the Leader with all the elements necessary for the exercising of its coordination obligations, given that the Master Agreement does not govern the mutual obligations of the Beneficiaries and/or the Leader, these being defined in the Partnership Agreements.
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Obligations of the Beneficiaries. Every Beneficiary and the Lead Beneficiary of the Project shall accept the following duties and obligations : timely and properly carry out the activities for which it is responsible according to the Grant Contract; to implement the project in line with the principles of economy, efficiency and effectiveness and keep to the principles of sound financial management; to follow the requirements of eligibility of costs as it is indicated in the Grant Contract, Programme Manual and other Programme documents; to draw up and submit expenditure verification reports for its part of the Project; to produce and provide documents, information and data that are required by the Lead Beneficiary to coordinate and monitor the implementation of the Project and for reporting purposes on time; to fulfil all rules and obligations laid down in the Grant Contract as well as in the Partnership Statement, signed by each Beneficiary during application process; to produce all documents required for the audit, provide necessary information and, for audit purposes, give access to premises and sites; to open a separate bank account or sub-account and use a separate accounting and double-entry booking system for accounting the EU funding and expenditures within Project; to retain for audit purposes all accounting files, documents and data about its part of the Project on customary data storage media in a safe and orderly manner during all the implementation period of the Project and 5 years after the date of the payment of the balance for the Programme. Other longer retention periods, as might be stated by national law, shall remain unaffected;
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Obligations of the Beneficiaries. By signing this agreement every Beneficiary and the Lead Beneficiary of the Project accepts the following duties and obligations : timely and properly carry out the activities for which it is responsible according to the Grant Contract; to implement the project in line with the principles of economy, efficiency and effectiveness and keep to the principles of sound financial management; to follow the requirements of eligibility of costs as it is indicated in the Grant Contract, Programme Manual and other Programme documents; to draw up and submit expenditure verification reports for its part of the Project; to produce and provide documents, information and data that are required by the Lead Beneficiary to coordinate and monitor the implementation of the Project and for reporting purposes on time; to select an auditor for the purpose of expenditure verification, as well as ensure the verification of costs incurred within the Project and submission of the expenditure verification certificate for their part of the Project; to timely prepare and provide documents, information and data that are required by the Lead Beneficiary in order to coordinate and monitor the implementation of the Project and for reporting purposes; to abide by all rules and obligations stipulated in the Grant Contract as well as in the Partnership Statement, signed by each Beneficiary during application process; to produce all documents required for the audit, provide necessary information and, for audit purposes, give access to premises and sites; to opens a separate or easily identifiable bank account or sub-account and use a separate accounting and double-entry bookkeeping system for accounting the EU funding and expenditures within Project; to retain for audit purposes all accounting files, documents and data about its part of the Project on customary data storage media in a safe and orderly manner during all the implementation period of the Project and 5 years after the date of the payment of the balance for the Programme. Other longer retention periods, as might be stated by national law, shall remain unaffected;
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Obligations of the Beneficiaries. 4.4.2.1 Make contributions pursuant to the Enterprise Annuity Program and the Agreement. 4.4.2.2 Shall not transfer the beneficial right of enterprise annuity funds nor use such right for debt repayment or guarantee. 4.4.2.3 Provide materials and information required for the management and operation of enterprise annuity funds. 4.4.2.4 Be responsible for the account management fee for the Retained Account and Retirement Account as agreed herein. 4.4.2.5 Where a Beneficiary resigns but his/her new employer has not established any enterprise annuity or occupational annuity and Party A thus requires his/her Personal Account Interests to be transferred to the Retained Account under the Collective Enterprise Annuity Plan sponsored and established by Party B for management, the Beneficiary shall agree to handle related formalities and do the same. 4.4.2.6 Perform any other obligations prescribed by the Laws and Regulations and agreed herein.
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Obligations of the Beneficiaries. 4.4.2.1 Make contributions pursuant to the Enterprise Annuity Program and the Agreement. 4.4.2.2 Shall not transfer the beneficial right of the Enterprise Annuity Funds nor use such right for debt repayment or guarantee. 4.4.2.3 Provide materials and information required for the management and operation of the Enterprise Annuity Funds. 4.4.2.4 Be responsible for the account management fee for the Retained Account and Retirement Account as agreed herein. 4.4.2.5 Where a Beneficiary is transferred out of the China Life system but his/her new employer has not established any enterprise annuity plan, and Party A thus requires his/her Personal Account Interests to be transferred to the Retained Account under the Collective Enterprise Annuity Plan sponsored and established by Party B for management, the Beneficiary shall agree to handle related formalities and do the same. 4.4.2.6 Perform any other obligations prescribed by the Laws and Regulations and agreed herein.
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Obligations of the Beneficiaries. 5.1 Beneficiaries to fund its costs of entering into and complying with the Project Agreements and the Direct Agreement 5.1.1 Each Beneficiary shall at its sole cost, risk and expense (including but not limited to the costs of legal and other advisers): (a) negotiate and enter into the Project Agreements to which it is a party; (b) arrange all necessary financing in connection with the design, procurement, development, construction, completion, testing, commissioning, operation and maintenance of the Facility and any necessary working capital in order to perform its obligations under the Project Agreements to which it is a party; (c) [comply in all material respects with the Environmental Requirements;] and (d) provide all information and supporting documentation required by any Competent Authority in any application for the grant of or under any licence, permit or consent in respect of building, owning, operating and maintaining the Facility. 5.1.2 [The/Each] Project Company shall at its sole cost, risk and expense (including but not limited to the costs of legal and other advisers), use its reasonable endeavours to procure that the Finance Parties or their representatives enter into a Direct Agreement under Clause 3.9. 5.2 Not agree to amendments to the Gas Sales Agreement without the Consent of the Government
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Obligations of the Beneficiaries. Each Beneficiary shall be obligated to keep all of the promises and obligations of the Beneficiary or Beneficiaries. The Trustee may enforce Trustee’s rights under this Agreement or any other agreement affording the Trustee rights against other Beneficiaries against each of the Beneficiaries individually or against all of the Beneficiaries together. This means that any one of the Beneficiaries may be required to pay all of the amounts owed to the Trustee.
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Related to Obligations of the Beneficiaries

  • Obligations of the Parties Clause 8

  • Obligations of the Sponsor The Sponsor agrees to provide the Asset Representations Reviewer with the following: • Reasonable access to the Sponsor; • Complete AUPs; • Required Documents; and • Other related information reasonably requested by the Asset Representations Reviewer to perform the Services hereunder.

  • Obligations of the Holders (a) Each Holder shall furnish in writing to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably required to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request in connection therewith. Upon the execution of this Agreement, each Holder shall complete, execute and deliver to the Company a selling securityholder notice and questionnaire in form reasonably satisfactory to the Company. At least five (5) Business Days prior to the first anticipated filing date of any registration statement, the Company shall notify each Holder of any additional information the Company requires from such Holder if such Holder elects to have any of the Registrable Securities included in such registration statement. A Holder shall provide such information to the Company at least two (2) Business Days prior to the first anticipated filing date of such Registration Statement. Each holder agrees that, in connection with any sale of Registrable Securities by it pursuant to a registration statement, it shall comply with the “Plan of Distribution” section of the then current prospectus relating to such registration statement. (b) Each Holder, by its acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of the Mandatory Registration Statement hereunder, unless such Holder has notified the Company in writing of its election to exclude all of its Registrable Securities from the Mandatory Registration Statement. (c) Each Holder covenants and agrees that it shall comply with the prospectus delivery requirements of the Securities Act as applicable to it in connection with sales of Registrable Securities pursuant to the Mandatory Registration Statement (including any related prospectus) and any amendment or supplement thereto.

  • Obligations of the Seller The obligations of the Seller under this Agreement will not be affected by reason of any invalidity, illegality or irregularity of the 2024-B Exchange Note or any 2024-B Lease or 2024-B Vehicle allocated to the 2024-B Reference Pool.

  • OBLIGATIONS OF THE SUPPLIER In addition to the Article 4.2 of the GPC, it is specified that:

  • Obligations of the Holder a. At least five (5) calendar days prior to the first anticipated filing date of a Registration Statement the Company shall notify each Holder in writing of the information the Company requires from each such Holder if such Holder elects to have any of such Holder's Registrable Securities included in such Registration Statement. It shall be a condition precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect to the Registrable Securities of a particular Holder that such Holder shall furnish in writing to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it as shall reasonably be required to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request. Each Holder covenants and agrees that, in connection with any resale of Registrable Securities by it pursuant to a Registration Statement, it shall comply with the "Plan of Distribution" section of the current prospectus relating to such Registration Statement. b. Each Holder, by such Holder's acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of any Registration Statement hereunder, unless such Holder has notified the Company in writing of such Holder's election to exclude all of such Holder's Registrable Securities from such Registration Statement. c. Each Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of 3(e), such Holder will immediately discontinue disposition of Registrable Securities pursuant to any Registration Statement(s) covering such Registrable Securities until such Holder's receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(f) or the first sentence of 3(e).

  • Obligations of the City A. The City agrees to give the Contractor access to the Project area and other City- owned properties as required to perform the necessary Services under this Agreement. B. The City shall notify the Contractor of any defects in the Services of which the Contract Administrator has actual notice.

  • Obligations of the Company Whenever required under this Section 2 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: (a) prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to become effective and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the registration statement has been completed; provided, however, that (i) such one hundred twenty (120) day period shall be extended for a period of time equal to the period the Holder refrains, at the request of an underwriter of Common Stock (or other securities) of the Company, from selling any securities included in such registration, and (ii) in the case of any registration of Registrable Securities on Form S-3 that are intended to be offered on a continuous or delayed basis, subject to compliance with applicable SEC rules, such one hundred twenty (120) day period shall be extended for up to sixty (60) days, if necessary, to keep the registration statement effective until all such Registrable Securities are sold; (b) prepare and file with the SEC such amendments and supplements to such registration statement, and the prospectus used in connection with such registration statement, as may be necessary to comply with the Securities Act in order to enable the disposition of all securities covered by such registration statement; (c) furnish to the selling Holders such numbers of copies of a prospectus, including a preliminary prospectus, as required by the Securities Act, and such other documents as the Holders may reasonably request in order to facilitate their disposition of their Registrable Securities; (d) use its commercially reasonable efforts to register and qualify the securities covered by such registration statement under such other securities or blue-sky laws of such jurisdictions as shall be reasonably requested by the selling Holders; provided that the Company shall not be required to qualify to do business or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; (e) in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the underwriter(s) of such offering; (f) use its commercially reasonable efforts to cause all such Registrable Securities covered by such registration statement to be listed on a national securities exchange or trading system and each securities exchange and trading system (if any) on which similar securities issued by the Company are then listed; (g) provide a transfer agent and registrar for all Registrable Securities registered pursuant to this Agreement and provide a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; (h) promptly make available for inspection by the selling Holders, any managing underwriter(s) participating in any disposition pursuant to such registration statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling Holders, all financial and other records, pertinent corporate documents, and properties of the Company, and cause the Company’s officers, directors, employees, and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant, or agent, in each case, as necessary or advisable to verify the accuracy of the information in such registration statement and to conduct appropriate due diligence in connection therewith; (i) notify each selling Holder, promptly after the Company receives notice thereof, of the time when such registration statement has been declared effective or a supplement to any prospectus forming a part of such registration statement has been filed; and (j) after such registration statement becomes effective, notify each selling Holder of any request by the SEC that the Company amend or supplement such registration statement or prospectus. In addition, the Company shall ensure that, at all times after any registration statement covering a public offering of securities of the Company under the Securities Act shall have become effective, its xxxxxxx xxxxxxx policy shall provide that the Company’s directors may implement a trading program under Rule 10b5-1 of the Exchange Act.

  • Conditions of the Obligations of the Underwriter The obligations of the Underwriter hereunder shall be subject to the accuracy of the representations and warranties on the part of the Company set forth in Section 2 hereof, in each case as of the date hereof and as of each Closing Date as though then made, to the timely performance by each of the Company of its covenants and other obligations hereunder on and as of such dates, and to each of the following additional conditions:

  • Obligations of the Purchasers (a) Each Purchaser shall furnish in writing to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it, as shall be reasonably required to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request. At least five (5) Business Days prior to the first anticipated filing date of any Registration Statement, the Company shall notify each Purchaser of the information the Company requires from such Purchaser if such Purchaser elects to have any of its Registrable Securities included in the Registration Statement. A Purchaser shall provide such information to the Company at least two (2) Business Days prior to the first anticipated filing date of such Registration Statement if such Purchaser elects to have any of its Registrable Securities included in the Registration Statement. (b) Each Purchaser, by its acceptance of the Registrable Securities agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of a Registration Statement hereunder, unless such Purchaser has notified the Company in writing of its election to exclude all of its Registrable Securities from such Registration Statement. (c) Each Purchaser agrees that, upon receipt of any notice from the Company of either (i) the commencement of an Allowed Delay pursuant to Section 2.1(b) or (ii) the happening of an event pursuant to Section 2.4(d) and Section 2.4(e) hereof, such Purchaser will immediately discontinue disposition of Registrable Securities pursuant to the Registration Statement covering such Registrable Securities, until the Purchaser is advised by the Company that such dispositions may again be made.

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