Common use of Payments to Parties Clause in Contracts

Payments to Parties. are the exclusive tasks of the Project Promoter In particular, the Project Promoter shall: - transfer the amounts to parties according to the payment schedule (point 7.3.2); - perform diligently its tasks in the proper administration of any funds; - undertake to keep the Programme Operator financial contribution to the Project separated from its normal business accounts, its own assets and property, except if the Project Promoter is a Public Body or is not entitled to do so due to statutory legislation.

Payments to Parties. are the exclusive tasks of the Project Promoter In particular, the Project Promoter shall: - transfer notify the amounts Party concerned promptly of the date and composition of the amount transferred to parties according to its bank account, giving the payment schedule (point 7.3.2); relevant references - perform diligently its tasks in the proper administration of any funds; funds and in maintaining financial accounts - undertake to keep the Programme Operator financial contribution to the Project separated from its normal business accounts, its own assets and property, except if the Project Promoter is a Public Body or is not entitled to do so due to statutory legislation.