Common use of Overrun Clause in Contracts

Overrun. Once it appears that there is a risk of cost over-runs over and above the financing available under the financing agreement, the National Authorising Officer shall notify the Commission and request its prior approval on the measures which the National Authorising Officer intends to take in order to cover such cost over-runs, either by reducing the scale of the programme or project or by calling on national or other

Overrun. Once it appears that there is a risk of cost over-over- runs over and above the financing available under the financing agreement, the National Authorising Officer shall notify the Commission and request its prior approval on the measures which the National Authorising Officer intends to take in order to cover such cost over-runs, either by reducing the scale of the programme or project or by calling on national or otherother non-Community resources.

Overrun. Once it appears that there is a risk of cost over-over- runs over and above the financing available under the financing agreement, the National Authorising authorising Officer shall notify the Commission and request its prior approval on the measures which the National Authorising authorising Officer intends to take in order to cover such cost over-runs, either by reducing the scale of the programme or project or by calling on national or otherother non-Community resources.

Overrun. Once it appears that there is a risk of cost over-runs overruns over and above the financing available under the financing agreement, the National Authorising Officer shall notify the Commission and request its prior approval on the measures which the National Authorising Officer intends to take in order to cover such cost over-runs, either by reducing the scale of the programme or project or by calling on national or otherother non-Community resources.