Project partners being bankrupt Sample Clauses

Project partners being bankrupt a. To gain information on lead partners or project partners becoming bankrupt the Subsidy Con- tract and the Programme Manual shall provide for procedures. The procedures of identifying and handling bankruptcy cases are similar to those of a partner drop out and shall be treated case by case. In general each lead partner and project partner is responsible to inform the other partners in the project and the national authorities accordingly as well as the lead partner is obliged to inform the MA/JS.
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