Procedures and Consequences Sample Clauses

Procedures and Consequences. Without prejudice to Article 7.2 (Liabilities and Indemnification) below, each Party is responsible for its responsibilities, Tasks,Contributions and Deliverables within the scope of this Agreement or a defined Project derived of this cooperation, and nothing in this Agreement shall construe or imply any collective responsibility towards another Party or any third party. If a risk of default becomes apparent, the Parties shall attempt to solve such risk at ProgrammeManagement Office level. If the Programme Manager is notified of any significant problem or delay likely to affect a Project, the Programme Manager shall send a written notice to the relevant Party requiring that such breach be remedied within a certain time to the extent remediable. If the breach is irremediable or if it remains un-remedied after the expiration of such time limit, the Parties shall use their best efforts to solve the issue among themselves. Any queries relating to the redistribution of funds and costs in connection with such remedies process shall be resolved upon by the NEFAB CEOBoard unless it can be solved between the affected Parties.
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Procedures and Consequences. In the event of a breach by a Beneficiary (Defaulting Beneficiary) of its obligations under this Consortium Agreement or the Grant Agreement which is irremediable or which is not remedied within thirty (30) calendar days of a written notice from the Coordinator, then the other Beneficiaries in the Consortium Council may jointly decide to terminate this Consortium Agreement with respect to the Defaulting Beneficiary following a minimum of 30 calendar days prior to written notice by the Coordinator. Such termination shall take place with respect to the Defaulting Beneficiary and the latter shall be deemed to have agreed to the termination of the Grant Agreement in respect of its participation therein under the general provisions of Grant Agreement, Annex II, Article II.9, as the other Beneficiaries and/or the Commission shall decide provided always that any and all Access-rights granted to the Defaulting Beneficiary and its Affiliates by the other Beneficiaries as well as under the Grant Agreement, shall cease immediately; but any and all Access-rights granted by the Defaulting Beneficiary to the other Beneficiaries and their Affiliates shall remain in full force and effect; the Work Package(s) of the Defaulting Beneficiary shall be assigned to one or several companies and/or entities which are chosen by the other Beneficiaries, are acceptable to the Commission and who agreed to be bound by the terms of this Consortium Agreement. The preference shall be granted to one or more of the remaining Beneficiaries. the Defaulting Beneficiary shall: assume all reasonable direct costs increase (if any), resulting from the assignment referred to in (b) above in comparison with the costs of the Work Package of the Defaulting Beneficiary as specified in the Grant Agreement, Annex I of this Consortium Agreement, and be liable for any so resulting additional direct cost caused to the other Beneficiaries, up to a total amount which, together with any liability to the Commission under the Grant Agreement, Annex II, Article II.8, will not exceed the total Project Share.
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Procedures and Consequences. In the event of a breach by a Contractor (Defaulting Contractor) of its obligations under this Consortium Agreement or the Contract which is irremediable or which is not remedied within thirty
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Procedures and Consequences. In the event of a substantial breach by a Party (Defaulting Party) of its obligations under this Collaboration Agreement which is irremediable or which is not remedied within thirty (30) calendar days of a written notice from the Co-ordinator, then the other Parties in the Executive Board may jointly decide to terminate this Collaboration Agreement with respect to the Defaulting Party following a minimum of 30 calendar days prior to written notice by the Co-ordinator. Such termination shall take place with respect to the Defaulting Party and the latter shall be deemed to have agreed to the termination of this contract in respect of its participation therein under the general provisions of this Collaboration Agreement, as the other Parties and/or the ERA-NET project officer shall decide provided always that
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Related to Procedures and Consequences

  • Financial Consequences The Department reserves the right to impose financial consequences when the Contractor fails to comply with the requirements of the Contract. The following financial consequences will apply for the Contractor’s non-performance under the Contract. The Customer and the Contractor may agree to add additional Financial Consequences on an as-needed basis beyond those stated herein to apply to that Customer’s resultant contract or purchase order. The State of Florida reserves the right to withhold payment or implement other appropriate remedies, such as Contract termination or nonrenewal, when the Contractor has failed to comply with the provisions of the Contract. The Contractor and the Department agree that financial consequences for non-performance are an estimate of damages which are difficult to ascertain and are not penalties. The financial consequences below will be paid and received by the Department of Management Services within 30 calendar days from the due date specified by the Department. These financial consequences below are individually assessed for failures over each target period beginning with the first full month or quarter of the Contract performance and every month or quarter, respectively, thereafter. Deliverable Performance Metric Performance Due Date Financial Consequence for Non-Performance Contractor will timely submit completed Quarterly Sales Reports All Quarterly Sales Reports will be submitted timely with the required information Reports are due on or before the 30th calendar day after the close of each State fiscal quarter $250 per Calendar Day late/not received by the Contract Manager Contractor will timely submit completed MFMP Transaction Fee Reports All MFMP Transaction Fee Reports will be submitted timely with the required information Reports are due on or before the 15th calendar day after the close of each month $100 per Calendar Day late/not received by the Contract Manager Failure to timely provide Quarterly Sales Reports, transaction fee reports, or other reports as required will result in the imposition of financial consequences and repeated failures or non- payment of financial consequences owed under this Contract may result in the Contractor being found in default and the termination of the Contract. No favorable action will be considered when Contractor has outstanding Contract Quarterly Sales Reports, MFMP Transaction Fee Reports, or any other documentation owed to the Department or Customer, to include fees / monies, that is required under this Contract.

  • Safeguarding requirements and procedures (1) The Contractor shall apply the following basic safeguarding requirements and procedures to protect covered contractor information systems. Requirements and procedures for basic safeguarding of covered contractor information systems shall include, at a minimum, the following security controls:

  • Tax Consequences It is intended that the Merger shall constitute a “reorganization” within the meaning of Section 368(a) of the Code, and that this Agreement shall constitute a “plan of reorganization” for purposes of Sections 354 and 361 of the Code.

  • Certification Regarding Business with Certain Countries and Organizations Pursuant to Subchapter F, Chapter 2252, Texas Government Code, PROVIDER certifies it is not engaged in business with Iran, Sudan, or a foreign terrorist organization. PROVIDER acknowledges this Purchase Order may be terminated if this certification is or becomes inaccurate.

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