Common use of Project Contents Reporting (Quarterly Reports) and Reviewing Clause in Contracts

Project Contents Reporting (Quarterly Reports) and Reviewing. The Project Participants shall provide the necessary information, allow for and facilitate a quarterly Project review by KIC LE, EIT or any other competent EU body. Without prejudice to the generality of the foregoing, the Project Participants shall submit to KIC LE, not later than within two (2) weeks from the end of each calendar quarter a report on the status, progress and forecast of the Project using the blue book tool established (and as may be reasonably amended) for that purpose by KIC LE (“the Blue Book”), with special emphasis being put on the Project being on time, on budget, in scope, and proactively reporting any other development, data or information which may be reasonably expected to be delivered as to enable KIC LE to evaluate the Project, its progress, achievements and prospects. KIC LE shall have the right to request information in addition to the Blue Book, conduct Project reviews (including convening Project review meetings and tele-conferences) and take such other measures as it may reasonably deem fit to satisfy itself of the Project progress and compliance with applicable rules, regulations and budgets. For the avoidance of doubt: The rights of EIT, the Commission and/or any other EU body under the Umbrella Documents shall not be affected by the foregoing provisions.

Project Contents Reporting (Quarterly Reports) and Reviewing. The Project Participants shall provide the necessary information, allow for and facilitate a quarterly Project review by KIC LE, EIT or any other competent EU body. Without prejudice to the generality of the foregoing, the Project Participants shall submit to KIC LE, not later than within two (2) weeks from the end of each calendar quarter a report on the status, progress and forecast of the Project Pro- ject using the blue book tool established (and as may be reasonably amended) for that purpose by KIC LE (“the Blue Book”), with special emphasis empha- sis being put on the Project being on time, on budget, in scope, and proactively proac- tively reporting any other development, data or information which may be reasonably rea- sonably expected to be delivered as to enable KIC LE to evaluate the Project, its progress, achievements and prospects. KIC LE shall have the right to request information in addition to the Blue Book, conduct Project reviews (including convening Project review meetings and tele-conferences) and take such other measures as it may reasonably deem fit to satisfy itself of the Project progress and compliance with applicable rules, regulations and budgets. For the avoidance of doubt: The rights of EIT, the Commission and/or any other EU body under the Umbrella Documents shall not be affected by the foregoing provisions.